VP, Fair Lending Reporting

Company: Disability Solutions
Location: New York
Posted on: January 26, 2025

Job Description:

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 of proficient programming language experience.
  • 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.Eligibility Requirements:
      • You must be 18 years or older
      • You must have a high school diploma or equivalent
      • You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
      • You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
      • New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles.-- Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles.-- Employees, level 8 or greater, must have at least 18 months' time in position before they can post.-- All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations).Legal authorization to work in the U.S. is required.-- We will not sponsor individuals for employment visas, now or in the future, for this job opening.--All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.--Our Commitment:When you join us, you'll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8--, with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions.This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.Reasonable Accommodation Notice:
        • Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
        • If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627.---- Representatives are available from 8am - 5pm Monday to Friday, Central Standard TimeJob Family Group:Credit

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