SUMMARY
At Security Bank and Trust Company, the Fair Banking Officer is responsible for developing, implementing, and monitoring the institution's fair banking compliance program to ensure adherence to federal regulations including the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), Community Reinvestment Act (CRA), and related consumer protection laws.
RESPONSIBILITIES
Program Development & Management
- Develop and maintain fair banking compliance policies, procedures, and internal controls
- Implement comprehensive fair banking compliance programs
- Oversee fair banking risk assessments and monitoring systems
- Ensure compliance with fair housing requirements
- Maintain documentation of compliance activities and findings
- Stay current with regulatory changes and update policies accordingly
Monitoring & Analysis
- Monitor and evaluate banking practices to prevent discriminatory practices including redlining
- Review applications, underwriting decisions, and pricing for fair banking compliance
- Analyze banking data to identify potential disparities or redlining concerns
- Evaluate marketing and advertising materials for compliance with fair banking laws