Salary Range:

$109,300.00 - $180,200.00

(Depending on knowledge, skills, abilities and location.  Certain level jobs may be eligible for bonus, commission, and/or equity awards.)

Posting Date:

January 31, 2025

This job will be open and accepting applications for a minimum of three days from the date it was posted.

Benefits* worth writing home about:

Medical, dental, and vision coverage for employees and their familiesLife, disability and family Leave401(k) and Roth 401(k) with employer matchWellness program, employee assistance program, “Commute Trip Reduction” (CTR) and various employee discounts Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service workFree employee checking account and employee home loan discounts

*For eligible employees averaging 20 or more hours per week.

EO/AA Employer including Vets and Disabled.

Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.

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Job Description Summary:

The Fair Lending Officer reports to the Deputy CCO and supports the second line of defense by building and maintaining a strong bank-wide fair lending compliance program.

This individual will be primarily responsible for implementing, managing, and maturing HomeStreet’s Fair Lending Program, which is a component of the Fair and Responsible Banking Program. This role’s responsibilities include, but are not limited to, conducting analyses, monitoring, and reviews; utilizing Fair Lending Statistical Analyses to ensure that credit and servicing are made equally available to qualified applicants in the communities in which HomeStreet does business. This individual is also responsible for working with the Fair Lending Consultant to on an annual fair lending risk assessment. This is a solution-oriented position. In addition, this position will partner with the CRA and HMDA Officer to evaluate data and determine the strategies for improvement.

Job Details:

PRIMARY FUNCTIONS:

The Fair Lending Officer (FLO) schedules and leads the Fair and Responsible Banking Committee. The Fair Lending Officer reports on internal projects, industry developments, and enforcement actions related to Fair and Responsible Banking and provides guidance and advice to the Business Units on managing the complexities of fair lending risk.The Fair Lending Officer implements and manages HomeStreet Bank’s Fair and Responsible Banking Program.The Fair Lending Officer develops and maintains policies and procedures related to Fair and Responsible Banking and update these policies at least annually.The Fair Lending Officer partners with the lending related Business Units to provide advice and guidance on processes, procedures, and specific risks.The Fair Lending Officer manages the fair lending risk assessment process by coordinating with an outside consultant and the impacted business units to ensure appropriate documentation is provided and that timely interviews are scheduled with stakeholders. If remediation is necessary, the Fair Lending Officer will work with the business units to ensure timely completion.The Fair Lending Officer and the Corporate Compliance Team monitor fair lending related activity. If gaps are identified, the FLO works with the impacted Business Unit(s) to ensure that corrective action is applied. The FLO will determine monitoring related to underwriting and pricing exceptions. Other monitoring may be developed as well.The Fair Lending Officer works on enhancements to the Program, reviews risk assessments, technology, and other related documentation.The FLO makes recommendations regarding enhancements to the Bank’s Fair and Responsible Banking strategies and looks to align them with the ongoing changing scope and complexity of the Bank’s business model and practices.The FLO monitors for emerging issues, trends, and legislation or regulatory changes.The FLO partners with Corporate Training Department annually to develop Fair Lending training programs and communicates Fair Lending training standards throughout the Bank.The FLO functions as a subject matter expert for Fair Lending compliance issues and provides advice and recommendations across the bank.The FLO maintains an annual calendar and prepares monthly status reports to share with the Deputy CCO.The FLO prepares Enterprise Risk Management Committee (ERMC) reports to keep the Executives and Board apprised of the status of Fair Lending risk.The FLO is engaged with the regulators during the Compliance Exam to ensure that Fair Lending questions are answered, and documentation is delivered timely to the FDIC.The FLO may have other duties as assigned.
 

REQUIREMENTS:

Minimum of 10 years’ experience in consumer and commercial compliance banking regulations. Minimum 6 years’ experience with fair lending compliance.Experience with commercial and retail lending compliance preferred.Ability to understand and interpret regression analysis.Degree in business administration, or comparable experience; compliance designation preferred.Strong analytical skills with demonstrated ability to interpret laws and regulations, analyze process, determine gaps and oversee resolution required.Demonstrated leadership and project management ability required.Proficient experience with Microsoft Office products.Demonstrated effective oral and written communication skills.Demonstrated high level of personal integrity, ability to professionally handle confidential matters, and reflect appropriate level of independent judgment and discretion.High degree of initiative, dependability, and ability to work with minimal supervision.  Ability to work on multiple, concurrent projects.  Project management skills are a plus.Strong organization skills, ability to learn quickly, and accuracy and timeliness in completing tasks.Work cooperatively and maintains effective communication and working relationships with co-workers and manager.Able to work as part of a team as well as independently and with people of diverse backgrounds.Able to accept and facilitate change, whether indicated by corporate needs, market or regulatory requirements.

MENTAL AND PHYSICAL CONSIDERATIONS:

Willing and able to travel occasionally as needed.Operation of a Personal Computer and viewing information on a monitor.Must be able to sit for many hours each day.Must be able to communicate via telephone and possess dexterity to include filing documents, reaching and bending.May be required to stand for extended periods of time.Ability to lift or carry up to 20 poundsAbility to speak English and express ideas and have difficult conversations in person and over the telephoneAbility to listen and comprehend speech.Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner.

WORK ENVIRONMENT:

Normal business office environment.Ability to sit in artificial light for extended periods of time.

This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position.

Area:

Legal, Compliance and Risk (Corporate)