VP, CRA Officer

About the role

Executes and provides oversight of the Bank’s CRA and Fair Lending Policies and Programs. Tracks and analyzes activities, assesses performance and prepares reports for management, the Board of Directors, auditors and examiners. Serves as a liaison and maintains relationships with community representatives.

Responsibilities

• Assists with administering aspects of the Bank Secrecy Act Compliance Program; assists independent, state and federal regulator auditor inquiries.
• Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act, USA Patriot Act, and OFAC.
• Affirms compliance with all Bank policies and procedures and all applicable state and federal banking laws, rules and regulations.
• Plans and executes CRA activities based on framework and criteria assessed by regulators to satisfactorily meet the credit needs of the community, including low and moderate-income neighborhoods, consistent with the safe and sound operation of the Bank.
• Analyzes lending data to assess and ensures the Bank’s lending activities support a fair and responsible lending environment, which enables the Bank’s community neighbors to conduct business and build financial security with safe and sound lending practices. Collects and maintains CRA data. Reviews and recommends CRA qualified investments, loans, and service activities. Reports and presents CRA activities and data to management, auditors, regulators, Board of Directors, and others as required.
• Partners with the Chief Financial Officer and Investments department to identify CRA investments for proper vetting and documentation to support eligibility determination.
• Collaborates with the Corporate Banking division and its Executive Vice Presidents to identify qualified and deserving organizations to receive donations in accordance with the Bank’s CRA Program objectives.
• Leads coordination of community outreach efforts on behalf of the Bank to community-based organizations.
• Evaluates the necessity of any branch closing in relation to any adverse impact that it may have on the local community it serves, particularly low to moderate-income geographies.
• Receives compliant notifications related to CRA; contributes to resolves, researches, and documents as part of the Compliant Management process; and ensures complaints are reflected in the CRA Public File as required.
• Researches, analyzes and interprets lending compliance and regulations. Recommends action and changes based on analysis.
• Maintains the Bank’s CRA Public File, its accessibility to the public, and updates at least annually as required to adhere to regulatory standards.
• Reviews and analyzes HMDA activity when appropriate.
• Prepares and executes a CRA strategic plan annually, including conducts CRA Program self-assessments and evaluations biannually.
• Ensures annual regulatory reporting of CRA and HMDA data information is accurate and reported timely.
• Interfaces with regulators or designates a qualified individual in their stead. Completes administrative tasks correctly and on time and supports the Bank’s goals and values.
• Maintains a current and adequate CRA Policy and related procedures.
• Works with the Risk & Compliance Manager to ensure the Bank maintains current and adequate policies and procedures related to Fair Lending and UDAAP.
• Assumes responsibility for special projects; gathers data and prepares reports for Executive Management, auditors and other personnel.
• Completes administrative tasks correctly and on time and supports the Bank’s goals and values.
• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions.
• Maintains regular and reliable attendance.
• Maintains confidentiality in accordance with the Bank’s Information Security Program, Privacy Policy, and Code of Personal and Business Conduct.
• Maintains organization of assigned areas of the department, coordinates available resources (e.g. staff, materials, etc.) for maximum results.
• Consistently applies superior decision-making techniques pertaining to inquiries, approvals, and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
• Plays a positive role in the development and growth of assigned staff through excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross-trained staff.
• Performs personnel actions including performance appraisals, disciplinary actions, and interviews candidates for employment; supervises the daily activities of the department including, but not limited to, effective delegation of assignments, develops work schedules and provides necessary training.
• Other duties as assigned.

Qualifications

Not specified

Skills

Not specified

Benefits

Not specified

Pay

$125,000 - $150,000

Schedule

Hybrid Eligibility: Yes