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 to: regulatory changes, business changes, impacts on new products and services, process and procedure changes, underwriting and pricing model developments, third-party activities, geographic market changes, product a d service promotions, and others as identified. Provide periodic status reporting within the Bank's defined Governance structure. Manage the tracking of FARB compliance deficiencies through coordination with both the senior FARB Analysts and the Compliance Testing Manager. Escalate unresolved and high-risk findings to appropriate business unit or Executive Management to ensure the best interests of the Bank are safeguarded. In collaboration with the Compliance Program Manager, act as the lead during FARB related compliance regulatory exams. Coordinate the gathering of all pertinent information needed and work directly with the lead examiner and the Compliance Program Manager until the exam is completed. Communicate exam results to appropriate management and ensure appropriate corrective action as necessary. Key Competencies for Position People Leadership: Coach & Empower Others- Provides timely feedback, support and guidance to encourage and support associates to accomplish tasks, solve problems, and enhance their professional development. Gaining Agreement- Uses appropriate interpersonal styles and techniques to gain acceptance of ideas or plans; modifies one's own behavior to accommodate tasks, situations and individual's involved. Culture Leadership: Communication/ Climate Setting: Shares information, maintaining emotional intelligence, tailoring the delivery to the audience, selecting appropriate delivery methods. Execution Leadership: Drive and Execution- Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance. Problem Solving/ Decision Making- Seeks to identify what caused the issue, consults with lines of business and subject matter experts, as appropriate, to determine the best solution and acts within approved policies, procedures, and established guidelines. Qualifications and Education Requirements Bachelor's Degree in Business, Finance, Accounting, Law or related field, or relevant work experience is required. 10+ years relevant experience in banking with at least 5 years of experience related to FARB activities. Strong technical knowledge of applicable FARB requirements, including the ability to analyze and interpret governmental laws, regulations and regulatory guidance. Effective people leader with minimum of 5 years relevant management experience. Experience in the development and completion of FARB related risk assessments. Ability to operate and manage effectively under pressure and deadlines. Excellent presentation and communication skills, with experience reporting FARB matters to the Board and Executive Management. Experience with large bank examinations and the ability to develop effective working relationships with regulators and auditors. Demonstrates conceptual thinking and analytical skills. Advanced problem-solving skills with the ability to define problems, analyze the variables and propose solutions. Certified Regulatory Compliance Manager (CRCM) certification (preferred, but not required). Required understanding of statistical methods to evaluate FARB risks and proficient use of Microsoft Office products and other analytical tools. Key Measures of Success/Key Deliverables: Leading team members through coaching, empowerment and other development methods to foster a positive work environment where all feel valued and included. Developing reporting of FARB elements that create appropriate awareness at all levels of the organization to be able to make informed, risk-based decisions and accountability structures. Cultivates relationships with lines of business to collaborate on necessary reporting, daily business needs and corporate initiatives. Old National is proud to be an equal opportunity employer focused on fostering an inclusive... For full info follow application link. EOE/Minorities/Females/Vet/Disability