Risk Management Specialist

Equal Opportunity Employer M/F/Veteran/Disabled
If you need assistance in applying for this or any of our other open positions, please contact 606-789-4001 and ask for Human Resources or email humanresource@wercitizens.bank.

Summary:

The Risk Management Specialist will identify, assess and make recommendations that will manage and mitigate the organization’s operational risk ensuring the Bank is in full compliance with all banking laws, rules, regulations and internal policies, procedures and processes.

Essential Duties and Responsibilities include the following:

Other duties may be assigned.

Fair Lending: Data Collection & Monitoring

1. Assist in development, implementation, monitoring, and administration of all aspects of the Bank’s Fair Lending Compliance Program to help ensure compliance with federal and state fair banking and responsibility-related laws and regulations.
2. Facilitate the collection of Non-HMDA data from mortgage, consumer and commercial lines of business on a regular and timely basis.
3. Review loan files as needed to validate information reported on the HMDA Loan Application Register (LAR) and Non-HMDA Comparable Loan Register for both originated and non-originated loans and applications.
4. Analyze credit decisions to monitor adherence to Fair Lending principles and Bank policy.
5. Monitoring includes, but is not limited to, loan and deposit regulations, Home Mortgage Disclosure Act and CRA Data reviews, and fair lending analysis.
6. Conduct edit checks and provide feedback to management on areas requiring improvement to ensure data integrity.
7. Provide support in any ad hoc data requests and fair lending data analyses in response to examination, media, legal, and public inquiry.
8. Identify and engage with the team in continuous improvement activities.
9. Support and prepare materials related to examination, supervisory, enforcement, or internal audit/review requests.
10. Provide timely risk escalation and awareness items to management and other stakeholders as appropriate.

Vendor Management & Due Diligence

1. Support the coordination of our enterprise-wide Vendor Management Program, assisting in the assessment, evaluation, and monitoring of third-party relationships in line with our policy.
2. Actively engage with the vendor management platform, assisting in the day-to-day implementation of our Vendor Management Program and ensuring its alignment with policy requirements.
3. Participate in the due diligence process for evaluating new vendors, including the collection and analysis of vendor information and compliance documentation.
4. Assist in the onboarding process for approved vendors, ensuring all necessary documentation and contract information are accurately reflected in the vendor management platform.
5. Collaborate with various departments to monitor and evaluate the ongoing performance of approved vendors, and assist in any renewals or terminations as applicable.
6. Undertake additional duties as needed to support the efficient operation of the Vendor Management program and to achieve departmental objectives.

Quality Control: Risk & Compliance

1. Accountable for timely completion of monthly and ongoing monitoring activities, providing reasonable assurance that compliance risk posed by materials has been identified and appropriately mitigated.
2. Perform compliance materials review on the adherence of controls as well as internal materials that pose potential compliance risk to the company.
3. Perform quality control and monitoring of application data, disclosures and business line processes and present results to risk management.

CRA Reviews: Community Development

1. Support the AVP/Compliance/CRA Officer to ensure success in achieving satisfactory CRA performance through ongoing evaluation and monitoring of performance to stated goals.
2. Support the Compliance team in preparing for and managing Compliance audits and examinations and tracking any noted exceptions to resolution.

Other Duties:

1. Attend SMCC/Risk & Compliance Committee meetings to prepare meeting minutes.
2. Participate in Compliance reviews, ad-hoc projects and training efforts, as required.
3. Attend training(s) (as available) to stay current on regulatory changes.
4. Provide support to the Compliance Department during regulatory (and internal) change management and process improvement initiatives.

The Risk Management Specialist may be assigned responsibility of any of the above tasks by the VP/Senior Compliance Officer based on the completion of training and competency of the incumbent in the assigned task.

Supervisory Responsibilities:

This job has no supervisory responsibilities.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Ability to prioritize and meet deadlines. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience:

Bachelor’s degree (B.A.) preferred, in Business or Finance, from four-year College or University; or four to five years progressive banking experience and/or training in compliance or loan/deposit operations; or equivalent combination of education and experience. Operational experience preferred.

Language Skills:

Ability to read, comprehend, and interpret complex instructions, correspondence, memos, and regulations. Ability to write complex correspondence. Ability to effectively present information to employees of the organization.

Mathematical/Computer Skills:

Ability to add, subtract, multiply, and divide. Ability to compute rate, ratio, and percent. Must be proficient in the use of personal computer systems, internet applications, and electronic mail, and various windows-based software applications including, but not limited to, banking application software, Word, and Excel.

Reasoning Ability:

Ability to create and implement written and oral instructions. Ability to deal with complex problems in changing situations. Critical thinking skills to identify problems and evaluate the strengths and weaknesses of possible solutions. Reading comprehension skills to thoroughly understand technical and legal documents, audit reports, and email communications. Analysis/Interpretation skills to break down complex problems, analyze individual components, and develop effective solutions.

Other Required Skills:

1. Self-starter able to work without constant supervision.
2. Observe the highest degree of confidentiality in handling of information received.
3. Ability to work within prescribed timeframes.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit. The employee is frequently required to use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand; walk and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.