VP, Fair Lending & CRA Officer

About the role

At TBK Bank, a subsidiary of Triumph, we're a team of passionate, driven, collaborative, solutions-minded people who want to make a difference in the lives of our customers and communities. Our mission is to do well and to do good at the same time. The VP, Fair Lending and CRA Officer maintains and continuously improves a robust fair lending and CRA program by working with management to establish effective strategies to meet the needs of the Bank's communities. This individual partners with key leaders across the enterprise to execute strategies and create accurate and effective reporting to keep management informed of the success of both the fair lending and CRA programs, ensuring the Bank’s adherence to the regulatory provisions and intent of fair lending and the Community Reinvestment Act.

Responsibilities

• Research, analyze, and interpret all applicable federal and state regulations related to fair lending and CRA; keep abreast of emerging issues and regulatory perspectives; communicate to management changes or controls that might need to be implemented to facilitate the Bank’s regulatory compliance.
• Coordinate with Credit Compliance Officer on related policies, procedures, and practices; perform routine data integrity reviews and implement changes to enhance existing fair lending and CRA policies, processes, and procedures when necessary.
• Effectively partner and collaborate with cross-functional leadership to reach alignment on fair lending and CRA strategies, as well as support execution of agreed-upon strategies.
• Evaluate new products to understand potential impact on fair lending and CRA strategies; provide pro-forma reporting as needed for new product roll-outs.
• Actively pursue community development lending, investments, and service opportunities within the Bank’s footprint; cultivate relationships with community-based, charitable, and non-profit organizations to aid in identifying these opportunities.
• Prepare, audit, and submit applicable CRA data to FFIEC by March 1 of each year; maintain the Bank’s CRA Public File by April 1 of each year.
• Oversee fair lending risk assessments and monitoring systems in conjunction with the enterprise Compliance team and Credit Compliance Officer.
• Monitor and evaluate lending practices to prevent discriminatory practices including redlining; analyze banking data to identify potential disparities or redlining concerns.
• Consider impacts of CRA compliance on the fair lending program and vice versa.
• Prepare periodic fair lending and CRA reports for management and CRA Committee to aid in evaluation of the Bank’s program and management’s ability to make informed strategic decisions in support of fair lending and CRA goals; present to Executive Loan Committee periodically and CRA Committee semi-annually.
• Conduct periodic CRA Self-Assessment to identify potential risk areas through peer analysis and redlining review; ensure the Bank’s alignment with the CRA goals set by the Board of Directors and CRA Committee.
• Serve as the liaison for handling fair lending or CRA complaints and assist in issuing responses to those complaints.
• Develop and update the CRA Performance Context to be utilized for the triennial CRA Performance Evaluation by the FDIC.
• Participate in regulatory examinations and audits; respond timely and accurately to regulatory inquiries and examination findings.
• Develop remediation plans when compliance issues are identified.
• Keep staff and Board updated on regulatory changes and compliance requirements, including developing and deploying periodic training as appropriate.
• Provide guidance on fair lending and CRA issues to business units.
• Perform other duties as assigned.

Requirements

• Bachelor's degree is required.
• Certified Regulatory Compliance Manager (CRCM) is preferred.
• 5+ years’ experience in banking compliance, fair banking, or related field.
• Strong knowledge of the Community Reinvestment Act and regulatory requirements.
• Extensive knowledge of bank regulations, operations, lending, and accounting principles.
• Advanced written, oral, and interpersonal skills with ability to prepare and present technical presentations and educate Bank staff.
• Demonstrated ability to actively and effectively interact with the Bank’s regulators, the Board of Directors, and management in other areas of the Bank.

Skills

• Ability to prioritize heavy workloads and meet time-sensitive deadlines.
• Strong collaboration and cooperation skills.
• Intermediate skills using Microsoft Office Suite.
• Experience and good judgment to plan and accomplish goals with a high degree of creativity and autonomy expected.
• Manage competing priorities under tight deadlines.

Work Environment

The work environment characteristics described here may be encountered while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Moderate noise (e.g., business office with computers, phone, and printers, light traffic).
• Ability to work in a confined area.
• Ability to sit at a computer terminal for an extended period of time; occasional stooping or kneeling may be necessary.
• Regularly required to stand, sit, talk, hear, and use hands and fingers to operate a computer keyboard and telephone.
• Specific vision abilities required by this job due to computer work.
• Light to moderate lifting is required.
• Regular, predictable attendance is required.

Benefits

• Medical, Dental, and Vision coverage.
• Paid Time Off.
• 401k retirement plan.