Job Description & How to Apply Below
The Community Reinvestment Act (CRA) Officer is responsible for developing, implementing and administering all aspects of the Bank's Community Reinvestment Act program.
The primary objective of the CRA Officer ensures proper adherence to the provisions and intent of the Community Reinvestment Act, successfully demonstrating the Banks' responsiveness to the deposit and credit needs of low- and moderate-income individuals and markets within the Banks' assessment areas. The CRA Officer will plan, organize, and report the Bank’s compliance activities related to HMDA and CRA, including oversight of HMDA and CRA data.
Associate’s or Bachelor’s degree preferred.
Minimum of 5 years in regulatory compliance of banking laws and regulations or other related experience.
Strong knowledge of state and federal banking laws and regulations, specifically: HMDA, ECOA, FHA, SCRA, UDAAP and other matters.
Proven communication, analytical, and project management skills.
Strong understanding of bank systems and processes; strong computer knowledge; excellent MS Word, Excel, and PowerPoint skills. Working knowledge of automated CRA and Fair Lending software a plus.
Data analysis experience a plus.
Exercise sound judgment, accurately identify and proactively resolve potential problems. Must be a self-starter and able to work independently
Must be well-organized, accurate and attentive to detail
Team player with desire to promote a collaborative work environment.
Must be available for travel as needed.
Ability to lead, manage and direct compliance staff.
Seeks opportunities to reduce risk, promote operational efficiencies, and foster an atmosphere of compliance.
Monitor policies, procedures and practices to ensure adherence to the technical requirements applicable to “Large Bank” CRA reporting requirements.
Periodic review of Bank's assessment area to ensure reasonableness of the delineation. This includes reviewing branch distribution in the Bank’s assessment area.
Update CRA Public File annually by April 1st.
Participate in and contribute to the Fair Banking Committee meetings as well as prepare minutes.
Ensure CRA qualified investments and donations, HMDA, small business and farm loans, flexible lending programs, community development loans and employee volunteer hours are appropriately documented for reporting. This includes updating the CRA landing page on UConnect.
Collaborate with the Director of Community Development and Engagement Officer to identify and recommend CRA qualified community involvement, lending and investment opportunities to the Fair Banking Committee.
Assist in developing sound loan programs designed to meet the credit and housing needs of the Bank’s communities.
Assist in the development of new products to ensure that the Bank’s lending programs, deposit products and other financial services are designed to enable the Bank’s community neighbors to purchase businesses and build financial security.
Collaborate with the Director of Portfolio Management Officer to identify and recommend CRA qualified investment opportunities.
Update the CRA 3-year plan including recommending CRA goals to the Fair Banking Committee.
Maintain and report key performance indicators used to monitor the Banks' CRA performance against established benchmarks.
Develop and annually update the CRA Performance Context.
Monitor policies, procedures and practices to ensure adherence with federal and state regulations related to CRA. This includes that functions performed by vendors are effectively tested.
Perform periodic CRA self-assessment to identify potential risk areas through statistical analysis, redlining review and the use of the fair lending software application.
Prepare periodic reports or dashboards for presentation to senior leadership, the Fair Banking Committee and the Board concerning the Bank’s record of HMDA and CRA compliance.
Ensure compliance with the CRA data collection, reporting, and disclosure requirements.
Conduct CRA and HMDA data integrity reviews amongst all lines of business.
Prepare and submit CRA and HMDA data annually. Annual submissions must be completed by March 1st.
Testing or monitoring should include:Preparing scope for applicable reviews
Conducting interviews of management and staff, seeking to understand the process, being attentive to the potential for discriminatory or other unfair treatment of consumers.
Creating/updating testing worksheets when necessary
Identifying testing populations and selecting samples using the established regulatory sample methodology
Completing the compliance testing/analysis, perform root cause analysis when required, summarize conclusions and make recommendations when necessary
Advising senior management regarding the potential impacts and implications.
Monitoring and tracking corrective action on regulatory issues to final resolution
Assist with HMDA and CRA training and sessions for new and existing teammates.
Monitor regulatory developments. Coordinate regulatory changes within affected lines of business and ensure that changes and controls are implemented to facilitate regulatory compliance.
Maintain applicable risk assessments to include annual review and recommended updates based on regulatory, industry, and Bank changes.
Serve as the primary Bank liaison to coordinate HMDA and CRA audits.
Support the Deputy Chief Compliance Officer and Chief Compliance Officer with Federal and/or State CRA examinations.
Lead and manage direct reports to include training, coaching, performance evaluations, annual personal performance plans, and recommend promotions, salary changes, transfers, and disciplinary actions.
Serve as a resource and be available to answer general compliance questions from employees and lines of businesses.
Other Job Responsibilities:
Assist the Deputy Chief Compliance Officer with maintaining an enterprise-wide Fair Lending program, including ongoing communications with lines of business to effectively implement the programs.
Assist the Deputy Chief Compliance Officer and Chief Compliance Officer with annual department budget and strategic plan.
Perform other duties as assigned by the Deputy Chief Compliance Officer or Chief Compliance Officer.
Participate in all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.
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