Senior Compliance Advisor – Community Reinvestment Act

Senior Compliance Advisor – Community Reinvestment Act

Requirements

• Bachelor’s degree or equivalent work experience in Business, Finance, or equivalent degree is required.
• 9+ Years in Compliance, Legal, Regulatory, or Financial Services.
• 5+ years working in a role focused on CRA Compliance.
• Minimum of 5 years of CRA program administration with a strong knowledge of applicable regulations.

Responsibilities

• Maintains a sound understanding of business strategy, business processes and associated risks with respect to business units who own CRA responsibilities.
• Assists in developing CRA performance context, making routine updates to the banks self-assessment as needed, and identifies potential risk areas / areas of opportunity through quantitative and qualitative market analysis.
• Performs routine compliance monitoring and recommends improvements to business processes where applicable.
• Ensures compliance with the CRA data collection, reporting and disclosure requirements.
• Ensures all CRA and Community Development related activities are appropriately tracked, monitored and documented for reporting purposes.
• Collaborates with management and other key stakeholders to identify areas of opportunity for CRA activities to ensure the bank can meet a minimum of a Satisfactory enterprise CRA Rating.
• Acts as a subject matter expert and provides consulting or advisory services to business or other internal partners on an as needed basis.
• Provide assistance and actively participate in technology-related projects and other initiatives related to regulatory compliance.
• Responds to regulatory inquiries, third-party examiners and internal reviews like audits/compliance testing reviews.
• Collaborates across business units within the organization to ensure policies and procedures are representative of the requirements outlined in the regulation.
• Remain current on applicable laws, rules, standards/guidelines and industry practices related to CRA compliance and overall CRA program administration.

Preferred Qualifications

• Master’s degree in business, finance, or equivalent field preferred but not required.
• Certified Regulatory Compliance Manager (CRCM) preferred but not required.
• Experience utilizing regulatory reporting software (e.g. CRAWiz/Rata Comply) is preferred.