1. What is the average salary of a Community Reinvestment Officer?
The average annual salary of Community Reinvestment Officer is $92,745.
In case you are finding an easy salary calculator,
the average hourly pay of Community Reinvestment Officer is $45;
the average weekly pay of Community Reinvestment Officer is $1,784;
the average monthly pay of Community Reinvestment Officer is $7,729.
2. Where can a Community Reinvestment Officer earn the most?
A Community Reinvestment Officer's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Community Reinvestment Officer earns the most in San Jose, CA, where the annual salary of a Community Reinvestment Officer is $116,979.
3. What is the highest pay for Community Reinvestment Officer?
The highest pay for Community Reinvestment Officer is $112,436.
4. What is the lowest pay for Community Reinvestment Officer?
The lowest pay for Community Reinvestment Officer is $78,652.
5. What are the responsibilities of Community Reinvestment Officer?
Oversees the bank's CRA Programs and policies to ensure compliance with federal Community Reinvestment Act banking regulations to meet the credit needs of the area's low to moderate-income populations. Serves as the subject matter expert of CRA laws, rules, and regulations by maintaining a deep and up-to-date knowledge of regulatory requirements, proposed legislation, and announcements. Reviews and analyzes lending activity data and practices to ensure compliance with CRA policies. Develops, implements, and administers the overall corporate CRA plan and localized or remedial plans with guidelines and standards to assist with compliance. Advises management and coordinates with legal staff on the potential impact of actions. Coordinates and delivers reports to bank leadership and regulatory agencies. Ensures the bank has a positive and visible role in community economic development activities, events, and initiatives. Requires a bachelor's degree or equivalent. Typically reports to a director. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4 -7 years of related experience.
6. What are the skills of Community Reinvestment Officer
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
2.)
Community Engagement: Community engagement seeks to engage community to achieve sustainable outcomes, equitable decision-making processes, and deepen relationships and trust between government organisations and communities.
3.)
Product Knowledge: Product knowledge is the ability to communicate information and answer questions about a product or service. It is considered an important knowledge area for any role that puts you in front of customers, investors or the media.