JOB DUTIES
- Builds regression models with clear understanding of statistical and economic theory to ensure validity. Performs fair lending analysis which includes but is not limited to loan denials, pricing variances, and census tract loan penetration using origination platform/Fair Lending and CRA Wiz/other report engine software to evaluate lending performance relating to protected classes.
- Designs customized reports including graphs, charts, summarizations that are supported by detailed documentation for management review. Interprets statistical results and summarizes in narrative format including making recommendations to improve performance. Reports will be suitable for review by Senior Management and bank regulators.
- Partners with business lines to understand criteria upon which statistical models will be based to track key performance indicators of fair lending.
- Designs reports to track Sovereign Bank lending performance to internal goals and peers.
- Maintains proficiency in software tools necessary to complete the requisite analysis (loan origination platforms [CMSI-Unifi-AFS] and Fair Lending/CRA Wiz/SAS/other. Collaborates with software vendors as needed.
- Must be knowledgeable in Fair Lending regulation and stay abreast of changes to incorporate changes into analytical approaches and methodologies.
- Performs matched pair file reviews based on audit sampling methodologies and regulatory minimums.
QUALIFICATIONS
- Four year degree in economics, finance, mathematics, or business adminstration with emphasis on statistics. 2-5 years experience preferred. Regulatory background a plus.
- Demonstrated knowledge and skills in statistical modeling and qualitative analysis techniques
- Ability to clearly communicate modeling assumptions and limitations to management
- Strong analytical and problem solving skills
- Strong PC skills
- Ability to multi-task and consistently meet deadlines
- Must be able to work independently but be team oriented
- Solid oral and written skills
WHEN SEARCHING OR APPLYING TO THIS JOB, PLEASE REFERENCE JOB ID #: 38844
