Fair and Responsible Banking Analytics Lead
Apply NowCompany: Comerica Incorporated
Location: Frisco, TX 75034
Description:
Fair & Responsible Banking Analytics Lead
The Fair & Responsible Banking Analytics Lead reports to the Director of Fair Lending and Responsible Banking within Compliance Risk Management and will lead a comprehensive and robust analytics fnction. The Fair & Responsible Banking Analytics Lead is responsible for the development, enhancement, and validation of department models, such as Fair Lending regression models for pricing and underwriting as well as ensuring appropriate Fair Lending statistical analysis is conducted accuratelyand timely to mitigate fair lending risk across the bank. The Fair & Responsible Banking Analytics Lead is expected to peform fair lending analysis and develop regression models utilizing Fair Lending Software, such as Fair Lending Wiz.
Position Responsibilities
Fair Lending Monitoring, Analytics and Procedures
Fair Lending Regression Model Development
System Monitoring
Analysis and Reporting
The Fair & Responsible Banking Analytics Lead reports to the Director of Fair Lending and Responsible Banking within Compliance Risk Management and will lead a comprehensive and robust analytics fnction. The Fair & Responsible Banking Analytics Lead is responsible for the development, enhancement, and validation of department models, such as Fair Lending regression models for pricing and underwriting as well as ensuring appropriate Fair Lending statistical analysis is conducted accuratelyand timely to mitigate fair lending risk across the bank. The Fair & Responsible Banking Analytics Lead is expected to peform fair lending analysis and develop regression models utilizing Fair Lending Software, such as Fair Lending Wiz.
Position Responsibilities
Fair Lending Monitoring, Analytics and Procedures
- Enhance, implement, and maintain the Fair Lending Analytics Program, utilizing Fair Lending software tools, and ensuring that appropriate Fair Lending statistical analyses are conducted accurately and timely to mitigate fair lending risk across the Bank.
- Oversee the creation and implementation of fair lending analytics procedures.
- Oversee the creation and implement of fair lending analytics monitoring dashboards.
- Leading other team members in utilizing the fair lending dashboard and enhancing the analytics program.
Fair Lending Regression Model Development
- Develop, validate, and test Fair Lending regression models (developed using Fair Lending software) used by the Fair Lending and Responsible Banking team.
- Collaborate with vendors and Model Risk Management, as applicable.
System Monitoring
- Monitor accuracy of models.
- Demonstrate that the models are robust and stable.
- Identify, assess, and determine potential limitations within each model.
- Evaluate the behavior of each model over a range of values.
Analysis and Reporting
- Review and interpret results of Fair and Responsible Banking's fair lending regression reviews and output.
- Utilize business and statistical knowledge to determine the relevance of findings and assumptions based on the models.
- Determine the acceptability of documentation where judgment is used.