FARB Manager Job Locations

US-KY-Madisonville | US-IN-Evansville | US-IN-Indianapolis | US-KY-Louisville | US-IL-Chicago | US-MN-North St Paul | US-IL-East Moline | US-WI-Milwaukee | US-WI-Lancaster | US-MI-Grand Rapids

Category/Function  Risk/Security  

Position Type  Regular Full-Time  

Requisition ID  2023-13547  

Workplace Type  On Site Overview

Old National Bank has been serving clients and communities since 1834. With $48 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. The Fair and Responsible Banking Manager is responsible for maintaining an effective Fair and Responsible Banking (FARB) Program, which includes activities to promote and evaluate compliance with Unfair Deceptive or Abusive Acts or Practices (UDAAP) and Fair Lending related laws and regulations. The FARB Manager will lead a team of compliance professionals to provide independent "second line of defense" oversight to all "first-line of defense" business areas across the organization to ensure FARB risks are managed within risk levels established by the Board of Directors and within FARB related policies. The position will report directly to the Compliance Program Manager. The FARB Manager has primary responsibility related to the elements of the Program as follows: FARB related enterprise policies Risk Assessments for Fair Lending and UDAAP laws and regulations FARB Program governance and reporting Oversight, reporting, and escalation of FARB related findings and remediation activities Regulatory change management to applicable program regulations FARB analysis and testing Business line guidance and support regarding applicable program regulations Ongoing monitoring and the evaluation of heightened risk complaints, including regulatory complain Promoting a culture of compliance through the development of FARB training and awareness Key Accountabilities Develop, Implement and Maintain the Corporate FARB Program Maintain a current knowledge of applicable laws, regulations, and issues.  Monitor and assess legislative and regulatory developments for the Bank.  Evaluate changes in industry practice and legal/regulatory requirements and ensure timely, appropriate action is taken. Develop and oversee the execution of a risk based annual FARB plan to ensure appropriate testing, monitoring, and analysis is completed in a timely manner based on the size and scope of the Bank. This plan includes activities such as regression analysis, redlining analysis, disparity analysis, exception monitoring, marketing promotion fulfillment testing, and other activities as identified. Develop and maintain Fair Lending and UDAAP risk assessments. Provide ongoing management reporting for FARB program elements, including Key Risk Indicators. Aid in the development, implementing and conducting of FARB related training programs.  Review existing programs for improvements and updates needed due to revisions in laws and regulations. Serve as a key resource for internal associates, management the board of directors and regulators: Serve as the organization's subject matter expert on FARB requirements, provide guidance to management, stakeholders and employees on effective methods to manage FARB risks, including those related