Compliance & CRA Officer
Job Details
Experienced
Full Time
Bachelor Degree

EOE M/F/Vets/Disability Affirmative Action Employer

JOB SUMMARY:  This position is responsible for state and federal regulatory compliance monitoring and audits.

ESSENTIAL JOB FUNCTIONS:

  • Perform a compliance monitoring (quality control) review for certain deposits, loans, Fixed Rate Mortgage, advertising material, HMDA data and others areas as designated by the Compliance Committee, Board, or Regulatory Agencies maintaining the bank’s compliance monitoring program.  Prepare reports of the results providing any observations for improvements.
  • Serve as the bank’s CRA officer by maintaining compliance with the Community Reinvestment Act.  Collect documentation and perform any necessary research for the Community Reinvestment Act.
  • Facilitate any necessary compliance training and prepare the Board of Directors annual Fair Lending training.
  • Chair the Compliance committee meeting and prepare the agenda and packets.
  • Facilitate and prepare the agenda and minutes for the CRA meetings.
  • Prepare the scope, compile bids, and engage external auditors where needed and provide assistance to external auditors as requested.  Present results to the Compliance Committee.
  • Prepare monthly compliance monitoring and ensure the reports are placed in the Board packet.
  • Track and follow up on any compliance recommendations either as a result of the compliance monitoring or as a result of an external audit.
  • Stay current on upcoming compliance changes and deadlines.
  • Prepare and maintain written procedures for the duties and functions of the position and update policies as needed.
  • Keep up with record retention for the position.
  • Must be able to meet attendance and punctuality standards.
  • Effectively work and cooperate with supervisors and co-workers, customers.
  • Follow the directions of the supervisor.

 

ADDITIONAL RESPONSIBILITIES:

  • Perform other duties and projects as required by management.

 

MINIMUM QUALIFICATIONS FOR CONSIDERATION:

  • College degree in Business, Finance, Accounting, or other related field or previous banking experience required
  • Must maintain a high degree of confidentiality.  Dependable, trustworthy and willing to work as a member of a team while producing thorough and accurate work.

 

KNOWLEDGE, SKILLS, AND ABILITIES:

  • Ability to perform basic arithmetic, as well as compute figures such as rate, ratio, and percent.
  • Ability to follow written and oral instruction
  • Ability to interpret policy manuals and government banking regulations.
  • Ability to type 45 words per minute.
  • Ability to use 10-key adding machine by touch.
  • Strong proficiency in PC applications, including MS Word and Excel.
  • Strong verbal and written communication skills.
  • Strong interpersonal skills; able to work well with a wide range of people including all levels of management.
  • Strong organizational and time management skills.
  • Demonstrate dependability through good attendance and adherence to timelines and schedules.
  • Strong follow through on projects and deliverables.
  • Strong analytical skills.
  • Strong problem-solving skills, with the ability to logically reason through situations.
  • Demonstrate resourcefulness and ability to take initiative in development and completion of projects.
  • Strong sense of customer service.

 

PHYSICAL REQUIREMENTS

This work is primarily sedentary and requires the following physical activities:

  • Sitting for long periods of time; occasional bending, squatting, kneeling, stooping; good finger dexterity and feeling; frequent repetitive motions; talking, hearing, and visual acuity.
  • Frequent lifting (up to 25 pounds of paper supplies or minor office equipment).

 

WORKING CONDITIONS:

  • Normal office environment.

 

NOTE:  The above statements are intended to describe the general nature and level of work performed by an employee in this position.  These statements are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of employees in this position.

 

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