Compliance Officer – CRA

AcctPositions Published: January 30, 2020
Location
New York, NY
Job Type
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Description

The purpose of this role is to ensure compliance with the Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act (HMDA) by monitoring the regulations for changes, reviewing loans and data reports for accuracy, as well as supporting the Bank's efforts impart of community development initiatives and activities.

Responsibilities:

  • Administer and oversee the daily operation of the Bank's CRA program, maintain CRA documentation, and provide appropriate CRA training, as needed.
  • Serve as the liaison and manage and direct the Bank's community related initiatives and charitable efforts as established by the Banks foundation. 
  • Coordinate CRA and HMDA data integrity reviews for reporting and data accuracy and manage the CRA/HMDA submission process.
  • Initiates policy changes or program enhancements to ensure compliance with Community Reinvestment Act (CRA) and other regulations.
  • Makes recommendations to help increase CRA related lending, investment, donations and volunteer activities.
  • Tracks and analyzes the Bank's lending, investments and community development services to ensure the Bank meets the needs of the communities the Bank serves, including those of low- moderate income people and neighborhoods.
  • Perform CRA self-assessments and establish CRA goals. Collect and build economic demographic and performance data to ensure that the Bank's CRA objectives and performance goals are met.
  • Initiates policy changes or program enhancements to ensure compliance with Community Reinvestment Act (CRA) and other regulations.
  • Makes recommendations to help increase CRA related lending, investment, donations and volunteer activities.


Skills:

  • Bachelor's Degree
  • Minimum of 5-8 years of experience related to HMDA-CRA Compliance activities
  • Excellent oral, written, and communication skills
  • Proficiency with CRA Wiz Required
  • CRCM designation is a plus
  • Strong organizational skills
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