The Risk Specialist I is responsible for executing validation procedures for the CRA (Community Reinvestment Act) Small Business/Small Farm Loan Application Register (LAR) and the 1071 LAR (Section 1071 of the Dodd-Frank Act – data collection on small business lending). This position supports compliance efforts and risk management by ensuring data accuracy, integrity, and adherence to regulatory requirements.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Perform routine and targeted validation of data entered in the CRA Small Business/Small Farm LAR and the 1071 LAR, ensuring completeness and accuracy.
- Review loan files and supporting documentation to verify reported information, including loan amounts, client demographics, and geographic data.
- Identify data discrepancies or potential errors, document findings, and communicate issues to relevant associates for resolution.
- Assist in maintaining up-to-date procedures for LAR validation in accordance with changes in CRA and 1071 regulations and internal policies.
- Collaborate with compliance and risk management teams to ensure timely remediation of identified issues and implementation of corrective actions.
- Support the preparation of reports and summaries on validation results for management, auditors, and regulators.
- Stay current on changes to CRA, 1071, and other relevant regulations to ensure accurate validation and compliance.
- Performs other related duties as required
- No supervisory responsibilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:
- Bachelor (4-year college) degree
- 0+ years of Banking experience or equivalent combination of education and experience
- Strong attention to detail and organizational skills.
- Familiarity with CRA regulations, Section 1071 of the Dodd-Frank Act, and knowledge of LAR data reporting requirements.
- Ability to review and interpret loan documentation and regulatory guidelines.
- Proficiency with common PC software (Excel, Word, compliance systems/databases).
- Effective communication skills to interact with associates at all levels and provide excellent client service.
- Ability to handle confidential information with discretion.
COMPUTER AND OFFICE EQUIPMENT SKILLS
- Microsoft Office suite
CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)
None required
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Skills Required
- Bachelor’s degree from a four-year college
- 0+ years of banking experience or equivalent combination of education and experience
- Strong attention to detail and organizational skills
- Familiarity with CRA regulations, Section 1071 of the Dodd-Frank Act, and LAR data reporting requirements
- Ability to review and interpret loan documentation and regulatory guidelines
- Proficiency with common PC software, including Excel, Word, and compliance systems or databases
- Effective communication skills
- Ability to handle confidential information with discretion
First Horizon Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about First Horizon Bank and has not been reviewed or approved by First Horizon Bank.
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Retirement Support — Retirement offerings include a 401(k) plan with company matching contributions up to 6% of pre-tax income, alongside FSA/HSA options and a defined benefit pension plan. Stock purchase and equity programs (including options and RSUs) also add to longer-term wealth-building opportunities for eligible employees.
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Parental & Family Support — Parental leave is available for childbirth, adoption, foster parenting, or surrogacy, and adoption reimbursement is included in the package. These family-building benefits broaden support beyond traditional maternity/paternity leave structures.
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Wellbeing & Lifestyle Benefits — Wellbeing support includes an internal wellness program, an employee assistance program, and access to a digital wellness platform. Group life insurance and disability coverage (including no-cost options) strengthen financial protection and day-to-day support.
First Horizon Bank Insights
What We Do
When we opened our doors in 1864 on North Court Street in Memphis, we had a simple mission: to provide the best service to our customers, one opportunity at a time. In the 150 years that followed, our communities transformed and expanded. We’ve seen our business and banking in general grow and adapt to the changing needs of customers through the years. But one thing that will always remain constant is our commitment to financial integrity and to helping our customers take good care of their money.
