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Lending Compliance Analyst - Modeling & Analytics

Company: MUFG
Location: Irving
Posted on: January 15, 2022

Job Description:

Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. Across the globe, we're 180,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.Job Summary:
Reporting to the Director of Lending Compliance, the Analyst is responsible for performing and developing statistical/econometric Fair Lending (FL) models and methods for assessing the impact of pricing, underwriting, redlining and other Fair Lending risks. In addition, develop and provide statistical/econometric support for special projects and strategic initiatives in assessing fair lending impact and reputation risk.

Major Responsibilities:

  • Develop the FL statistical monitoring activities and make ongoing changes relative to business initiatives.
  • Support business units with data analysis and reports using HMDA and other relevant data to provide insight and measure FL performance.
  • Develop ad hoc models for the support of special projects and strategic initiatives in analyzing fair lending impact.
  • Provide subject matter expertise in reviewing models developed by lines of businesses (LOBs) for Fair Lending impact.
  • Conduct descriptive statistical analyses (non-regression based), including HMDA Fair Lending Key Risk Indicators such as Denial Disparity index, Rate Spread Disparity.
  • Perform data analysis and collection in response to media, advocacy groups, regulatory inquiries, and legal requests.
  • Work with Modeling and Analysis vendors to ensure that the testing protocols utilize appropriate underwriting and pricing policies.
    • Typically requires a bachelor 's degree (or higher) in statistics /quantitative field, plus at least 2 years of related experience in the financial services industry.
    • Exceptional skills in quantitative methods and computer technology, including statistical analysis, and computer modeling, are necessary.
      • Technically sound in statistics and quantitative analysis with the ability to translate strategic concepts into practical reality.
      • Very strong, demonstrated organizational skills is a must.
      • Outstanding problem-solving skills.
      • Robust analytical skills and lateral thinking ability to identify underlying issues.
      • Pragmatic and creative depending on the situation, and effective in making the tradeoffs between reaching the perfect solution vs. a good, manageable solution.
      • Outstanding communication skills via meetings, presentations, reports, and ad hoc conversations.
      • Very strong PC skills and financial analysis skills. Proficiency in Excel/MS Office, MS Access, and statistical software, such as SAS required or Excel for model building purposes.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.

Keywords: MUFG, Irving , Lending Compliance Analyst - Modeling & Analytics, Professions , Irving, Texas

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