What are the responsibilities and job description for the CRA Officer position at Opportunities?
The CRA (Community Reinvestment Act) Officer is responsible for developing and managing the Bank’s CRA Program to achieve successful compliance with CRA regulatory requirements of a large bank. Develops strategic plans; conducts self-assessments; oversees the proper collection of loan data, charitable grants and volunteer service activities; and participates in due diligence for CRA qualified investments. Provides recommendations to address any deficiencies in the Bank’s performance and is responsible for all regulatory data submissions. Serves as a subject matter expert on CRA to all employees. Oversees all aspects of regulatory audits and examinations.
RESPONSIBILITIES
- Manage implementation and oversight of Bank’s CRA Program and provide enhancements to processes and procedures to ensure compliance with CRA large bank requirements.
- Develop CRA Plans consistent with Bank goals and strategies.
- Monitor CRA performance and provide recommendations to address deficiencies as warranted.
- Develop and facilitate CRA related training, or delegate to staff as appropriate.
- Oversee Bank’s participation in community programs including those available through FHLBSF.
- Advises Senior Management of CRA risks or considerations in the development of new or revised products and services for the Bank.
- Prepare self-assessments to measure Bank’s CRA performance against Plan goals.
- Create, maintain and deliver actionable intelligence regarding CRA on a monthly, quarterly and annual basis to tract performance to Bank benchmarks.
- Prepare analysis of branch consolidations, openings and closings including impacts to LMI individuals and neighborhoods.
- Participate in development and negotiation of strategic CRA partnerships including those related to investment and grant opportunities.
- Serve as representative of the Bank at meetings or community events.
- Maintain a working knowledge of CRA laws and regulations.
- Attend conferences, workshops, seminars.
QUALIFICATIONS
- 7 years of experience in CRA compliance required.
- 3 prior years supervisory/leadership experience required
- Knowledge about regulatory requirements of CRA for a large institution required.
- Experience managing regulatory examinations required.
- Strong analytical, verbal and communication skills required.
- Proficiency with Microsoft Office – (Outlook, Word, Excel, and Power Point).
- Experience with CRA Wiz software required.
A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $161,283.00 to $215,000.00. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit https://www.ppbi.com/careers.html
CA (Los Angeles applicants): Applicants are notified that the Company is an insured depository institution subject to the restrictions and requirements of Section 19 of the Federal Deposit Insurance Act (12 CFR 303) (“Section 19”). In accordance with Section 19, the Company will consider an applicant’s criminal history after an applicant is made a conditional offer of employment. Qualified applicants with criminal conviction records will be considered for employment in accordance with the Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from employing an applicant with criminal conviction(s) for fraud, breach of trust, embezzlement, mishandling of money or any crime of violence may have a direct impact on the job duties as set forth in the job description and such convictions may result in withdrawal of a conditional offer of employment in accordance with the Los Angeles Fair Chance Ordinance. Because of the nature of our business, a review of your criminal history is necessary to comply with Section 19 and to avoid substantial risk to our business operations and licensing.
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Salary : $107,365 - $223,680
