VP COMMUNITY REINVESTMENT ACT OFFICER
The Community Reinvestment Act Officer is responsible for developing, implementing, and administering all aspects of the Bank’s Community Reinvestment Act (CRA) Compliance Program so that the goals of meeting the credit needs of the communities the Bank serves, including low and moderate income neighborhoods, are met. The CRA Officer develops and implements programs to ensure the Bank meets the needs of the community and attains CRA compliance goals and acceptable federal examination ratings. Intermediate Small (ISB) or Large Bank CRA knowledge is a must.
CRA Compliance: 60%
- Serves as the Bank’s CRA Officer.
- Responsible for the collection of all CRA data, including but not limited to: working with the Bank’s Senior Management regarding CRA qualified investments, all HMDA loan data, all CRA qualified community support donations and all employee hours donated in support of our community.
- Coordinate, document and review lending, investment and service activity related to the requirements of the CRA Act.
- Serves as the Bank’s principle liaison with external CRA compliance auditors, examiners and regulators.
- Maintains relevant CRA reports and files such as the public CRA file including data and documentation.
- Prepares, analyzes and monitors the Bank’s statistics to determine adequate loan penetration of low and moderate income households and small businesses.
- Works with the Bank’s various departments to develop lending, investment, and service programs that help meet the lending needs of low and moderate income households.
- Designs and develops a risk based action plan framework around the laws, regulations and issues relating to CRA, Fair Lending, Home Mortgage Disclosure Act (HMDA), Fair Housing Act (FHA) and other regulations as applicable.
- Monitors the Bank’s CRA performance and suggest program modifications and improvements.
- Analyzes and documents components of the lending test utilizing CRA Wiz software (as well as other technical resources) to track CRA performance and present reports to management*
Community Outreach: 20%
- Represents the Bank in appropriate forums for community outreach and lending opportunities.
- Manages the Bank’s CRA database for collection of volunteer hours and donations including determination of CRA eligibility.
- Assists in developing sound loan programs designed to meet the credit and housing needs of the Bank’s communities.
- Assists in the development of new products to ensure that the Bank’s lending programs, deposit products and otherfinancial services are designed to enable the Bank’s community to purchase businesses and build financialsecurity.
- Responsible for handling any verbal or written complaint(s) received that impacts the Bank’s CRA performance and issuing a response to the complaint.
- Acts as the key educational resource for all departments on affordable products, guidelines and outreach while offering to be a resource for their clients.
- Works with Learning and Development to develop formal Bank wide CRA training.
- Builds awareness and provides training to Retail and Marketing to promote affordable products and marketing collateral.
- Develops a library of CRA resources. Collects and distributes information related to the CRA and other topical subjects to appropriate staff. Provide informational assistance to loan officers, branch personnel, Management and the Board of Directors.*
Non-Essential Functions: 10%
- Performs special projects and research as assigned.
- Performs other duties as assigned. *
Minimum of 5years’ total bankingexperience including assisting and/or managing a bank’s CRA program, with 3years’ compliance or auditexperiencerequired .
Education/Training: A B.S. or B.A. degree in a related field or equivalent experiencerequired; Intermediate Small (ISB) or Large Bank CRA knowledge required.
Knowledge, Skills and Abilities
- Knowledge of the CRA and related regulations.
- Knowledge of operating areas, functions, products and services and the laws and regulations which apply to commercial banks as they relate to credit administration and lending activities.
- Knowledge of loan compliance practices and procedures.
- Knowledge of internal audit practices and perspectives.
- Knowledge of risk and controls including tests for design and operating effectiveness and controls.
- Skills necessary to explain and implement marketing tools.
- Skills performing independent reviews and recommendations for risk management.
- Skills operating a personal computer including word processing, spreadsheet and presentation software.
- Organizational skills including attention to detail and follow through
- Strong analytical skills, including creative problem-solving abilities
- Good communication skills, both verbal and written
- Team oriented
- Ability to work with all levels of management and Bank staff as well as the Board of Directors.
- Ability to conduct thorough research, interpret and understand laws and regulations and provide workable recommendations and solutions to problems.
- Ability to articulate the community outreach and affordable lending goals of the Bank.
- Ability to work with community groups and government agencies.
- Proficient reading, writing, grammar, analytical, and mathematics skills
- Knowledge of banking applications (i.e., CRA Wiz) and proficient computer skills Word, Excel, Outlook, etc.)