Banking Compliance Analyst

Overview

The CRA & Compliance Analyst is responsible for performing analysis and reviews to ensure compliance with the Community Reinvestment Act and the Compliance regulations applicable to the Bank; and aiding the CRA Officer and Compliance Officer in maintaining Satisfactory or better Community Reinvestment Act and Compliance regulatory ratings.

Responsibilities

• Maintain an ongoing monitoring program which will provide management with timely information about the Bank’s CRA compliance position and gaps in CRA delivery of services, products, and investments to allow management to modify its goals and activities as required to maintain a Satisfactory CRA compliance rating
• Perform complex analysis, reporting and documentation in accordance with department and professional standards
• Conduct compliance monitoring reviews that ensure compliance with laws, regulations, interpretations and rules governing operations.
• Develop and maintain a broad knowledge of regulatory requirements to perform assigned tasks at an appropriate level
• Develop and maintain a broad knowledge of the Bank’s policies and procedures necessary to identify deviations from policy
• Track and analyze pending and new regulatory changes and their impact on the Bank; and update monitoring programs to review for those changes
• Maintain records of CRA qualified products delivered, loans applied for and granted, and services provided within the CRA assessment area to facilitate periodic review of the bank’s CRA compliance level and CRA performance

Qualifications

Education and Experience

• Minimum 3 years audit and/or compliance industry experience required
• Bachelor’s degree in Business or related field preferred
• Experience with Encompass, preferred
• Experience with CRA Wiz, preferred
• CRCM certification preferred, but may also work toward attaining such

Skills and Competencies

• Broad knowledge of banking regulations pertaining to Lending, Marketing, and Retail Operations
• Knowledge of Bank policies and procedures in lending, deposit operations, and branch operations, and compliance requirements of marketing and disclosures
• Strong analytical skills
• Ability to prioritize tasks and manage multiple projects at one time
• Ability to interact effectively with all levels of staff and management
• Excellent interpersonal skills
• Strong problem solving skills
• Effective oral and written communication skills
• Willingness to work flexible hours if necessary
• Ability to work with a diverse group of professionals
• Advanced computer skills utilizing Microsoft Word and Excel