Community Reinvestment Act (CRA) Compliance Officer I
Truist · Raleigh, NC · 1 wk ago
LegalFull-time
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Maintain a high-level of knowledge concerning the CRA regulation.
- Research demographic, political and economic variables to support and qualitatively assess Community Development loans, services, and qualified contributions / investments.
- Conduct research on market conditions, risks, and trends to maximize the qualitative aspect of Community Development efforts.
- Identify key risk assessment areas in the bank’s CRA and HMDA performance and retail distribution; participate in remediation efforts, as applicable.
- Conduct ongoing and ad hoc assessments of the bank’s CRA performance to update internal and Business Unit leadership on projected CRA Rating.
- Communicate with internal and external clients regarding performance assessments; disseminate reports detailing progress and gaps.
- Serve as subject matter expert for associate inquiries regarding CRA technical compliance, internal reporting systems, and the Bank’s CRA performance.
- Fulfill requests based on regulatory compliance from the public for information from the CRA Main Office Public File.
- Develop, update, and maintain a Procedures Manual for all established processes.
- Provide training to less experienced teammates and may be responsible for specific programs/functions.
Qualifications
- Bachelor’s degree in business or comparable field, or equivalent education and related training
- 2 years of experience in Banking, Audit or Compliance
- Demonstrated ability to handle multiple priorities under time constraints
- Well-organized with keen attention to detail
- Strong writing skills
Preferred Qualifications
- Detailed understanding of Community Development, CRA, and HMDA regulations
- Strong conceptual problem-solving skills including ability to organize, direct and perform highly complex analysis
- Experience with CRA compliance software
- Knowledge and understanding of bank’s computer systems and database applications
- Strong verbal and written communication skills