Director, Fair & Responsible Banking (Hybrid--Richmond, VA)

This role will lead the enterprise-wide Fair Banking and Community Reinvestment Act (CRA) advisory, oversight and monitoring function and will be a key member of the Compliance senior leadership team. The Fair and Responsible Banking Officer shall be responsible for assessing Community Reinvestment Act (CRA), Fair Lending/Banking, and Unfair, Deceptive, Abusive, Acts or Practices (UDAAP) risks within the First Line of Defense (FLOD) functions by conducting ongoing regulatory monitoring and partnering with First Line of Defense (1LOD) business units, Second Line of Defense (2LOD) Compliance, Risk and Legal teams to influence strategic direction, provide subject matter expertise, and offer oversight/effective challenge to ensure that adequate controls and performance elements are developed and maintained throughout the enterprise

Position Accountabilities

• Design, implement, and expand the enterprise-wide CRA, Fair Banking and UDAAP 2LOD advisory and oversight function for the enterprise, ensuring alignment with regulatory requirements, applicable state and federal laws, and internal company policies and procedures.
• Build, lead and mentor a team of experienced compliance professionals on all aspects of CRA and fair and responsible banking oversight and regulatory advisory.
• Serve as the enterprise subject matter expert of fair lending/banking, UDAAP and applicable consumer protection laws (ex. Regulation B (ECOA), Fair Housing Act, UDAAP, etc.)
• Provide semi-annual programmatic updates to senior/executive management and the Board.
• Provides subject matter expertise and assistance in the coordination and preparation for Regulatory exams and internal audits; including regular interactions with both examiners and auditors.
• Develop enhanced reporting to provide more routine analysis of performance to management.
• Drive the ongoing analytical program for the oversight of the Fair Lending and CRA programs.
• Partner with LOB Compliance Advisors as the primary point of contact for CRA/FB/UDAAP programs, offering advice and guidance on the identification, mitigation, and/or remediation of regulatory risks and to serve as a credible effective challenge to the 1LOD.
• Lead and perform compliance monitoring reviews and analysis to assess performance, risks, internal controls and adherence to regulatory requirements specific to any area of the organization relative to CRA/FB/UDAAP.
• Lead the advisory function for Fair Banking and CRA programs and provide insight to management to influence strategy and performance for the First Line.
• Drive the Identification of risks, root cause, control weaknesses or gaps through regulatory monitoring & self-assessment reviews and work with LOB advisors to devise action plans in order to correct/mitigate deficiencies.
• Report results of reviews and feedback to management, business owners and relevant risk committees of the Bank and recommend strategies to improve performance.
• Maintain relationships with regulators and own routine reporting and updates on the enterprise-wide performance.
• Review, update and create (when necessary) relevant policies and procedures to ensure Compliance oversight for supported 1LOD areas.
• Provide advisory, oversight and effective challenge (as needed) in the development and implementation of new products, processes and initiatives within the 1LOD with a CRA/Fair Banking/UDAAP impact.
• Escalate and report any potential violations of law, regulations or fraud to the LOB Compliance Advisor, Legal and Fraud units.
• Work to ensure the Fair Banking team maintain, enforce, and strengthen Atlantic Union's Horizontal Compliance Program Elements.
• Host routine updates with other risk partners (1^st and 2^nd Line) for program reviews.
• Stays abreast of changes to federal and state banking laws and regulations affecting program areas and areas of operations at Atlantic Union; share findings with LOB Compliance Advisors to inform management of upcoming changes.
• Assist with research, dissemination and implementation of new and updated regulatory requirements.
• Adhere to all applicable laws and regulations governing bank operations, including compliance with Atlantic Union Compliance Program and associated policies and procedures.
• Assist with development, review, publishing and delivery of compliance related training materials.
• Obtain necessary training to keep current on regulatory compliance and bank operations.
• Performs other duties as assigned.

Organizational Relationship

This position reports to the Director, Regulatory and Strategic Initiatives

Position Qualifications

Education & Experience

• Bachelor's Degree preferred
• Minimum 10 years of experience leading risk, compliance and/or regulatory functions in the banking/ financial services industry with a preferred focus on CRA/ Fair Banking/Lending/UDAAP.
• Experience with building and leading a risk management function.
• Experience dealing directly with banking regulators.
• Certification as a Certified Regulatory Compliance Manager (CRCM) preferred.

Knowledge & Skills

• Analytical skills, particularly with trending and reporting
• In depth knowledge of federal and state banking laws and regulations with a focus on Fair Banking laws and regulations
• Demonstrated understanding of Compliance Management and Regulatory Best Practices
• Working knowledge of bank technology and operating systems
• Demonstrated knowledge of all Consumer banking examination processes
• Knowledge of risk management principles and practices
• Demonstrated ability to interact with executive management, internal auditors, and examiners
• Excellent communication skills, both verbal and written
• Well organized with attention to detail
• Ability to manage multiple priorities
• Flexible, able to adapt to change
• Superior time management and problem-solving skills
• Ability to work independently as well as within a team environment
• Advanced knowledge of Microsoft Office software

• Working knowledge of banking software programs preferred

Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits.

We are proud to be an Equal Employment Opportunity employer. We maintain a drug-free workplace.