CRA & Fair Banking Officer

At First Mid, base salary is one component of our Total Rewards program.

Exact compensation is determined by factors such as (but not limited to) education, skills,internal equity,and experience.

This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.

The Community Reinvestment Act Officer (CRA) is responsible for developing, implementing, and administering all aspects of the Bank’s Community Reinvestment Act Compliance Program. This position provides specialized expertise to ensure regulatory compliance and data integrity of CRA and HMDA and provides support to the lending operations area and senior management through management reports.

• Maintains a competent level of expertise and knowledge of the requirements of the various laws, regulations and rulings governing the Bank’s CRA, HMDA, and Fair Lending activities, staying current on regulatory updates, supervisory guidance, and industry concerns.
• Ensures that the public CRA file contains the necessary information to meet regulatory requirements. Ensures that the required CRA lobby notices are posted as applicable.
• Establishes and monitors a program of CRA training and education for all Bank employees and assists bank employees with CRA and HMDA related questions.
• Establishes and monitors a program of Fair Banking training and education for impacted Bank employees and assists bank employees with Fair Banking related questions.
• Work with business lines and the compliance department to annually update and oversee the Fair Banking Policy and qualitative Fair Banking Risk Assessments to ensure inclusion of related initiatives or corrective actions.
• Responsible for creating; tracking; monitoring; analyzing and testing of fair lending related data and the reporting of results and exceptions to the appropriate committees and Bank Management.
• Advocate for a strong culture of Fair and Responsible Banking with management and business partners.
• Monitors the Bank’s identification and data collections of community development loan, investment, and service activities. Creates and implements enhancements to data collection processes.
• Identifies opportunities for community development projects. Tracks qualified community development loans, investments, and services, including detailed information on each organization and methodology for qualification. Suggests ways to improve CRA performance.
• Conduct periodic reviews of the Bank’s Assessment Areas to ensure reasonableness.
• Works with the Marketing Department and Community Development officers to sustain and improve engagements in underserved communities.
• Partners with the Director of Regulatory Compliance on investigating and responding to complaints related to fair lending.
• Responsible for annual submission of CRA and HMDA files to regulators within prescribed deadlines and preparation of annual CRA report to the board detailing the Bank’s current performance.
• Works with management to determine assessment area changes as well as fair lending concerns during acquisitions.
• Develops and maintains a library of CRA/HMDA and fair lending resources.
• Coordinates compliance efforts with internal auditors and regulatory examiners, furnishing requested information.
• Manages and supervises the CRA and HMDA Specialist position. Responsible for training, mentoring and oversight of day-to-day activities. Monitors work to ensure data integrity for CRA and HMDA reporting, including, but not limited to, reviewing loan file samples. Assists in daily operations as needed to meet deadlines.
• Cross-sell bank products and services in a professional manner.
• Complete required training associated with job function.
• Performs other related duties as assigned.

Education:

• Bachelor’s degree…