VP, Fair Lending Reporting

Company: Disability Solutions
Location: New York
Posted on: February 5, 2025

Job Description:

Role Summary/Purpose:Reporting to the VP, Fair Lending Monitoring, this role will be responsible for leading and developing the preparation, validation, and submission of small business lending data to the Consumer Financial Protection Bureau (CFPB) in compliance with Section 1071 of the Dodd-Frank Act.We're proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.Essential Responsibilities:

• Lead the preparation, validation, and submission of small business lending data to the Consumer Financial Protection Bureau (CFPB) in compliance with Section 1071 of the Dodd-Frank Act.
• Role will focus on compliance with the regulatory reporting obligations for small business lending activity, as defined by the CFPB.
• Ensure that reports meet all deadlines and adhere to the specific format and content requirements set forth by the regulators.
• Validate that the data is complete, accurate, and consistent before submission to the CFPB.
• Stay current on changes to Section 1071 and related regulatory guidance issued by the CFPB.
• The ideal candidate will have experience in regulatory reporting, with a specific understanding of the data elements and reporting deadlines established under Section 1071, and will play a critical role in ensuring timely, accurate submission of reports to regulatory bodies.Qualifications/Requirements:
  • Master's degree and minimum of 5+ years of experience in regulatory reporting or compliance in financial services, with a specific focus on regulatory reporting frameworks OR a bachelor's degree with 8+ years of similar experience.
  • Experience and familiarity working with bank credit card products and associated regulations preferred.
  • Proven experience preparing and submitting reports to regulatory agencies such as the CFPB, Federal Reserve, or other financial regulators is preferred
  • 5+ years' experience with SAS/SQL, Python/R or other transferable logic based programming
  • 2+ years of experience with SAS Viya, Data Lake, Tableau, or similar data visualization tools.Desired Characteristics:
    • Understanding of Section 1071 of the Dodd-Frank Act.
    • Proficiency with regulatory reporting software, databases, and reporting systems.
    • Attention to detail and accuracy, with the ability to identify discrepancies or issues in reported data.
    • Excellent time management with ability to independently manage multiple competing initiatives and deliver results within deadlines.
    • Cross-functional management and positive teamwork skills with ability to manage relationships and support across multiple teams of people.
    • Communication and influencing skills, able to communicate and coordinate with multiple functional areas.
    • Demonstrated creativity, problem solving, and critical thinking skills.
    • Project management skills.Grade/Level: 13------------------------------------ ---------------------------------------------- The salary range for this position is 130,000.00 - 210,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.Salaries are adjusted according to market in CA, NY Metro and Seattle.

Keywords: Disability Solutions, Hartford , VP, Fair Lending Reporting, Advertising , New York, Connecticut