The Community Reinvestment Act (CRA) and Compliance Officer is responsible for developing, implementing, and administering all aspects of the Bank's CRA program and assisting with Compliance Management System (CMS).
The primary area of this position is to accumulate the bank's loan and deposit portfolio to the Bank's CRA assessment areas, determine areas of concern, report findings recommendations to the committees, and develop strategies to remain CRA compliant.
In addition, this position plans, organizes, and controls the Bank's day-to-day administrative, lending, and operational (e.g.
deposit/branch) compliance activities; collaborates with management in the overall administration of these directives for the Bank.
Participates in various committees, audits, and examinations.
Advises Management and Bank employees of emerging compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks.
Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
This position is preferably on-site in the Bank's Headquarters in Las Vegas, NV.
The position may qualify for work from home 1-2 days per week.
Remote may be considered with travel to Bank Headquarters based on business need.
ESSENTIAL DUTIES
1.
Upholds, at all times, the Bank's Core Values of:
Integrity, Respect, Positive Attitude, Empowerment, Accountability, and Excellence.
2.
Delivers on the Bank's tagline of 'Your Best Banking Experience - Ever!' by reinforcing the application of superior customer service through own example along with appropriate follow through with involved customers and employees.
3.
Performs duties as the Community Reinvestment Act Officer; establishes, participates, and maintains relationships with community based, charitable, and non-profit organizations; develops and implements programs to ensure the Bank meets the needs of the community and attains CRA compliance goals.
Interacts directly with regulatory agency staff.
Ensures appropriate data collection for CRA purposes and advises senior management regarding CRA strategy and actions.
4.
Develops, implements, and administers all aspects of the Bank's CRA program, including working with the business to obtain accurate, up-to-date, and useful loan and deposit information, determine the assessment area based on branch and bank activities, analyze the loan date to determine CRA loans, including community development loans, determine areas of that require increased loan products, develop committee and Board reports, and influence lending activities when necessary.
5.
Develop strategies for CRA compliance, at both the short-term and long-term (this including developing a CRA monitoring and testing program) and prepare for Regulatory exams, including gather information, self-disclosure, and being a central point of contact.
6.
Serve as the Bank's subject matter expert for Fair Lending laws and regulations.
Develop and maintain fair lending program on a risk-based approach appropriate for the size and complexity of the banks, including developing the testing and monitoring program, executing the Fair Lending risk assessment, produce committee and Board reports, maintain the Fair Lending policy and procedures, and serve as a lead for Fair Lending regulatory examinations and independent audits.
7.
Assist with the CMS program, including performing duties as the Bank's Compliance Committee chairperson; assists independent, state, and federal regulator auditor inquiries; reviews and writes compliance related policies and procedures; makes recommendations to the Board of Directors and Senior Management when appropriate; submits annual reports to the Board of Directors detailing compliance issues.
Collaborates with Bank Management to develop compliant solutions while meeting customer needs.
8.
Maintains a proficient knowledge of all applicable banking rules and regulations in a high growth environment with diverse portfolios including but not limited to SBA, Prepaid, Deposits, Credit Card, and Commercial Lending.
Serves as the Bank's subject matter expert for regulatory compliance with CRA (Reg BB), FCRA (Reg V), , Fair Lending, Rule 1071, UDAAP, Flood Disaster Protection Act, MLA, SCRA, ECOA, Funds Availability (Reg CC), EFTA (Reg E), TISA (Reg DD), TILA (Reg Z), Loans to Insiders (Reg O), Consumer Financial Privacy (Reg P), and Affiliate Transactions (Reg E).
9.
Ensures the safety and security of all customer information; restricts access to customer information only to personnel with a legitimate need for such information, both inside and outside the Bank.
Assists the Privacy Officer as necessary.
10.
Identifies and mitigates potential risk issues against the Bank and interacts with Bank employees pertaining to such issues.
11.
Oversees actions of comprehensive self-testing, independent third party and regulatory audits, specifically for CRA and Fair Lending; makes necessary preparations for such audits or exams; coordinates responses to external auditors and regulatory examiners; ensures deficiencies identified from such audits and examinations are corrected.
12.
Develops and administers various forms to assure the use of correct and updated forms by Bank personnel; Ensures compliance with all applicable reporting and recordkeeping requirements; Ensures timely distribution of related materials and publications to designated personnel.
13.
Conducts compliance training presentations and exercises for CRA and Fair Lending
14.
Assumes responsibility for special projects, gathers data and prepares reports for Senior Management, audits, and other personnel.
15.
Other duties as assigned.
SUPERVISORY RESPONSIBILITY
The position of CRA and Compliance Officer may be responsible for the supervision of 1 or more employees.
MENTAL DEMANDS
This position requires the ability to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.
MINIMUM REQUIREMENTS
• Bachelor's degree from a 4-year college or university; or 7 years of related experience and/or training; or the equivalent combination of education and experience.
Work related experience should consist of an in-depth background in Bank administration, compliance, and supervisory skills.
Educational experience, through in-house training sessions, formal school, or financial industry related curriculum, should be applicable to the financial industry.
• Subject Matter Expert level understanding of CRA and Fair Lending and be able to perform all job function of a CRA and Fair Lending Officer
• Industry knowledge of the Compliance Management Systems components, including the Compliance Program, Change Management and Risk Management.
• Advanced knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations, and other Bank operational policies and procedures.
• Excellent organizational and time management skills.
• Ability to deal with complex problems involving multiple facets and variables in non-stan.