CRA Community Development Validation Analyst

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

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Job Description This position reports to the Community Reinvestment Act (CRA) Community Development (CD) Validation Manager and is in the CRA Program Office which resides within U.S. Bancorp’s Community Impact & Inclusion division and provides primary compliance oversight for the CRA. The CRA CD Validation Analyst should have a considerable understanding of applicable laws, regulations, financial services, and regulatory trends that impact U.S. Bank’s lines of business and be able to provide subject matter expertise on the CRA and related regulatory guidance.

The position will partner with assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework, and serves as a functional liaison between the Line of Business and the Lines of Defense. This position participate in projects and activities that ensure compliance with applicable CRA laws and regulations;

identify gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors; and identifies, responds to and/or escalates risks as appropriate. The CRA CD Validation Analyst should possess a strong level of communication, relationship building, negotiation, and writing skills.

ESSENTIAL FUNCTIONS:

CRA CD Validation & Quality Oversight Primarily responsible for supporting CRA Community Development (CD) validation efforts in alignment with CRA Program Office strategies and compliance with regulatory requirements.

Provide advanced CRA and CD subject-matter expertise and guidance in the review and validation of potential CD loans, investments, and services, including complex or judgment-based eligibility determinations

Serve as the day-to-day work lead for CD validation activities by coordinating workflow, completion of recurring and time-sensitive deliverables and providing clear status updates to CRA Program Office team members and business line partners; includes providing peer feedback and guidance

Perform secondary review and quality assurance activities to promote consistent application of CRA requirements, provide internal, accurate data, clear decision rationale, and sufficient supporting evidence

Support key validation initiatives, including year-end CD loan submission activities, annual data scrubs, targeted quality reviews, and other efforts that support complete and accurate CRA reporting

Identify and escalate risks; ensure adequate controls in related areas of responsibility as needed

Exam & Audit Readiness Support the development and maintenance of validation procedures, eligibility guidance, review standards, controls, job aids, and training materials

Support CRA examinations, internal audits, quality reviews, and other oversight activities by coordinating information, validating supporting materials, and addressing questions related to CD eligibility and validation processes

Anticipate and support changes related to evolving regulatory requirements pertaining to CRA eligible CD activity, including assisting with system and process enhancements

Business Line Relationship Management & Support Build and…