Business Systems Officer (Banking) jobs in New Britain, CT
Business Systems Officer (Banking) performs analysis and supports strategic planning and development for a banking and financial services organization. Collects and analyzes data on emerging industry trends, economic conditions, new technologies, consumer behavior, merger and acquisition opportunities, and competitive threats. Being a Business Systems Officer (Banking) identifies potential technological, process, and product enhancements. Supports and coordinates optimization initiatives for bank operations and branch networks. Additionally, Business Systems Officer (Banking) typically requires a bachelor's degree. Typically reports to a manager. The Business Systems Officer (Banking) occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Business Systems Officer (Banking) typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
Recently Added Business Systems Officer (Banking) jobs
Fair Banking Officer
- Liberty Bank
-
Middletown, CT
FULL_TIME
-
At Liberty, we are proud to integrate our Diversity, Equity, and Inclusion (DE&I) throughout all functions and areas of the Bank to maximize our impact and exceed goals. We believe deepening our DE&I strategies in the workplace and communities we serve creates a much better place to work for our teammates and a safe place where our customers are connected and supported. We take pride in promoting a socially responsible and sustainable future through initiatives and investment.
SUMMARY OF THE JOB:
The Fair Banking Officer is expected to provide subject matter expertise and interpretation of fair and responsible banking laws, including the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), Unfair, Deceptive or Abusive Acts or Practices (UDAAP) and other related regulatory guidance. The Fair Banking Officer works directly with business lines and other corporate functions to help ensure compliance with applicable laws and regulations and identify, assess, and manage fair and responsible banking risk associated with the products and services offered by the Bank.
ESSENTIAL FUNCTIONS:
The Fair Banking Officer is responsible for leading the development and implementation of the Bank’s Fair Lending Program and maintaining a robust methodology for measuring, monitoring, and risk reporting. The Fair Banking Officer analyzes loan application and origination activities to document fair lending risks and the Bank’s mitigating controls. The Fair Banking Officer will periodically compile reports to Management, the Board of Directors, and other stakeholders for analysis and tracking purposes.
This position plans, organizes and controls the Bank’s Day to day operational compliance activities as it relates to Fair Lending and collaborates with stakeholders in the overall administration of these directives for the Bank. The Fair Banking Officer advises Bank staff, Senior Management, and the Board of Directors of emerging Fair Lending risks, issues, and consults the Bank in the establishment of controls to mitigate risks.
The Fair Banking Officer will also be expected to build effective relationships with all respective stakeholders (e.g., Lending Officers, CRA Officer, Compliance Officer, industry, and regulatory authorities), and participate in various Committees, audits, and examinations.
PRINCIPAL ACCOUNTABILITIES:
- Monitor the Bank’s compliance with Fair Lending laws by conducting a Fair Lending risk assessment and performing a statistical analysis of lending activity to identify fair lending risks, including redlining risk factors.
- Assist lending staff in compiling and analyzing Fair Lending compliance metrics in context of the Bank’s lending practices and relationship to fair and responsible banking laws and regulations to identify factors that may contribute to an elevated risk profile.
- Maintain current knowledge of lending products, programs, operations, systems, and controls.
- Review, analyze, and make recommendations regarding the geographic distribution of loan products, deposit products, and service delivery systems.
- Perform ongoing second reviews of non-originated applications for completeness, accuracy, and appropriateness.
- Coordinate with lending lines of business to evaluate proposed business changes, including new or modified products/services, new or modified policies, procedures, processes, or systems to ensure compliance with applicable fair lending related laws and regulations; Collaborate with other departments to direct, investigate and independently resolve Fair Lending and/or UDAAP concerns in a timely manner;
- Perform ongoing reviews of consumer complaints and advertisements. Evaluate for potential trends, root cause analysis, and provide oversight of actions and responses for fair lending compliance related complaints.
- Using vendor supported software tools, evaluate statistical results of loan application and origination activity for low to moderate income and majority minority census tracts. Develop recommended strategies to increase penetration.
- Using statistical sampling techniques, perform focused file reviews to assess whether an applicant was treated in a manner consistent with articulated standards, including whether the applicant received favorable treatment compared to other similarly situated applicants.
- Summarize results of the file review and prepare analysis reports that succinctly identify the individual and aggregate risks identified during the file review.
- Participate in the review of results of file review analysis with business unit partners, including procedure and process gap analyses and develop recommended actions.
- In collaboration with the CRA Officer and other lending personnel, monitor and suggest enhancements to the Bank’s marketing/outreach, lending, service, and investment strategies to support the needs of low to moderate-income and majority minority census tracts; work with bank management to ensure all products, services and activities are compliant, profitable, and marketable.
- Develop, monitor, and report Key Risk Indicators (KRIs) to ensure that Fair Lending compliance risks are adequately identified, assessed, monitored, and controlled.
- Prepare periodic fair lending reports for Senior Management, the Board of Directors, and other stakeholders that includes significant fair lending developments, fair lending risk monitoring and testing results, and fair lending KRIs.
- Keep abreast of business policies, related laws and regulations guidance, and other legal and regulatory developments which directly affect business practices in place to promote fair lending activities.
- Develop and maintain fair lending training materials for employees, Officers, and Directors, as applicable to individual roles and responsibilities. Fair lending training would include fair lending laws and regulations and guidance for mitigating engaging in unfair and deceptive practices.
- Assist in the coordination of regulatory compliance exams and audits as necessary; and
- Other duties as assigned.
- A bachelor’s degree in business administration or related field, or equivalent work experience such as experience managing fair lending compliance at a large financial institution is required. Advanced degrees (MBA, JD), and/or certifications such as Certified Regulatory Compliance Manager (CRCM) is a plus.
- At least 10-15 years’ experience in an applicable risk management environment with emphasis on fair lending compliance or financial institution examination at the federal or state level.
- Strong knowledge of consumer loan underwriting, mortgage lending operations, HMDA data aggregation and statistical analysis, and federal and state banking regulations.
- Significant knowledge base of fair and responsible banking laws, regulations, and oversight, and related FFIEC examination standards, applicable regulatory guidance, and UDAAP litigation and enforcement actions.
- Ability to conduct thorough analysis and provide pragmatic recommendations and solutions to problems.
- Strong oral and written communication skills with the ability to present and influence strategy at all levels in the organization.
- High level of productivity, ability to take task to completion and meet deadlines under pressure coupled with a focus on quality.
- Familiarity with corporate compliance programs, including risk assessments, testing, and monitoring, training, policy/procedure development, and implementation of new products and business processes.
- Experience with CRA and Fair Lending Wiz software preferred; and
- Strong competency in Word and Excel, PowerPoint, and Outlook.
- General Office Equipment
- Keyboard Dexterity
- Prolonged Sitting
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information. - 14 Days Ago
Core Banking Technical Systems Analyst
- Webster Bank
-
Southington, CT
FULL_TIME
- If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, business...
- 9 Days Ago
Business Office Manager
- Athena Health Care Systems
-
Waterbury, CT
FULL_TIME
- Full-Time, Monday - Friday Abbott Terrace Health Center - Waterbury, CT Posted 2 weeks agoWe are hiring a Business Office Manager to join our dynamic care team at Abbott Terrace in Waterbury, Connecti...
- 1 Month Ago
Business Office Manager
- Athena Health Care Systems
-
Middletown, CT
FULL_TIME
- Full-Time Wadsworth Glen Health Care and Rehabilitation Center - Middletown, CT Posted 4 hours agoWe are hiring a Business Office Manager to join our dynamic care team at Wadsworth Glen in Middletown!...
- 2 Months Ago
IT Business Systems Analyst II - ITSM
- The Jackson Laboratory
-
Farmington, CT
FULL_TIME
- SummaryWe are seeking a skilled IT Business Systems Analyst (BSA) to drive efficiency and innovation at The Jackson Laboratory. In this pivotal role, you will collaborate with stakeholders to analyze ...
- 23 Days Ago
Associate IT Business Application Systems Developer (Hybrid)
- EVERSOURCE
-
East Berlin, CT
FULL_TIME
- Associate IT Business Application Systems Developer (Hybrid) This is a hybrid role. The first three months are fulltime in the office. Our Team The Associate Software Engineer will work as part of a t...
- 30 Days Ago
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0 Business Systems Officer (Banking) jobs found in New Britain, CT area
General Manager
- Brinks
-
New Britain, CT
- The Brink's name is a promise to respect the trust we've earned in over 150 years in business. Every employee honors tha...
- 4/25/2024 12:00:00 AM
Regional Business Office Manager CT
- iCare Health Network
-
Manchester, CT
- iCare Health Network - Regional Business Office Manager The primary purpose of this position is to oversee the Accounts ...
- 4/24/2024 12:00:00 AM
Business Office Manager
- Athena Health Care Systems
-
Torrington, CT
- Business Office Manager Full-Time Litchfield Woods Health Care Center - Torrington, CT Posted 4 weeks ago We are hiring ...
- 4/23/2024 12:00:00 AM
MANAGER TRAINEE
- AutoZone, Inc.
-
New Britain, CT
- The Manager in Training (MIT) position is expected to be a short-term transitional role that provides both work assignme...
- 4/23/2024 12:00:00 AM
Vice President, School Bus Division
- Dattco
-
New Britain, CT
- Vice President, School Bus DivisionDepartment: School Bus ManagementLocation: New Britain, CTSTART YOUR APPLICATION (htt...
- 4/23/2024 12:00:00 AM
Business Office Manager
- Athena Health Care Systems
-
Middletown, CT
- Business Office Manager Full-Time Wadsworth Glen Health Care and Rehabilitation Center - Middletown, CT Posted 2 months ...
- 4/22/2024 12:00:00 AM
GIPHY Client Lead
- Shutterstock Inc
-
Prospect, CT
- GIPHY is seeking a Client Lead to build and maintain relationships with potential clients and bring them on board for pa...
- 4/22/2024 12:00:00 AM
DUNKIN - Assistant Manager
- Dunkin'
-
New Britain, CT
- Description As a Dunkin' franchisee, we are committed to our employees as much as we are committed to our customers. We ...
- 4/21/2024 12:00:00 AM
About New Britain, Connecticut
New Britain is a city in Hartford County, Connecticut, United States. It is located approximately 9 miles (14 km) southwest of Hartford. According to 2010 Census, the population of the city is 73,206.
Among the southernmost of the communities encompassed within the Hartford-Springfield Knowledge Corridor metropolitan region, New Britain is home to Central Connecticut State University and Charter Oak State College.
The city's official nickname is the "Hardware City" because of its history as a manufacturing center and as the headquarters of Stanley Black & Decker. Because of its large Polish p...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Business Systems Officer (Banking) jobs
$69,268 to $93,422
New Britain, Connecticut area prices
were up 1.7% from a year ago
were up 1.7% from a year ago
What does a Business Systems Officer (Banking) do?
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February 09, 2020