VP Community Reinvestment Act Officer

Job Location US-SD-Sioux Falls
Type
Full Time

Overview

Oversee and lead the execution of the Bank’s Community Reinvestment Act (CRA) Program through continuous monitoring of lending, investment, and service programs in conjunctions with the lines of business leaders, the Chief Investment Officer and the CRA Committee.  Enhance and maintain effective relationships with third parties serving the financial needs of low- and moderate-income populations within the Bank’s Assessment Area.

Responsibilities

Essential Functions

  1. Oversees the execution of the Bank’s CRA Strategic Plan including responsibility for the community development lending and investment strategy and deployment, community relations, and philanthropic giving to support the Bank’s Community Reinvestment Act strategy.
  2. Develops, updates, and implements the Bank’s CRA Strategic Plan inclusive of all business lines
  3. Chairs the CRA Committee to ensure CRA objectives are communicated and executed upon.
  4. Maintains regulatory relationship with the FDIC for CRA activities including CRA examination management.
  5. Develops, updates, and maintains the Bank’s CRA policies, procedures, and governance documents. Ensures risk-based controls are in place to ensure the accuracy of CRA reporting and that CRA objectives are achieved.
  6. Maintains the Bank’s CRA Public Files as required by the Community Reinvestment Act.
  7. Carries out day to day community development/CRA programs and activities, including documentation, analysis and reporting.
  8. Conducts annual Assessment Area review and make recommendation to Bank Management about Bank lending, investing and support of community organizations
  9. Assists in the development of new products to ensure that the Bank’s lending programs, investment strategies, deposit products and other financial services are designed to further the goals and objectives of the Bank’s CRA Program
  10. Reviews and verifies HMDA Lending Activity Report (LAR) and CRA Loan Register (LR) lending and geocoding information for annual reporting purposes.
  11. Collaborates with Chief Financial Officer, Chief Operating Officer, Head of Consumer Compliance, and Chief Investment Officer, and Chief Financial Officer to review, approve and document lending, donation and investment recommendations to the CRA Committee and Bank management.
  12. Presents updated reporting of CRA progress and compliance to Bank management and the Board of Directors
  13. Prepares and presents periodic CRA & Fair Lending training to applicable bank personnel and the Board of Directors to ensure they have a good understanding of both CRA and Ffair Lending laws applicable to their position
  14. Keeps abreast of all rules/regulations pertaining to CRA and industry trends and develop a library of CRA resources. Collects and distributes information related to the CRA and other topical subjects to appropriate staff. Provides informational assistance to loan officers, account representatives, management, auditors, and community groups.
  15. Develops and maintains a community outreach program that works in partnership with affordable lenders, non-profits and local community leaders.
  16. Serves as an active member of community development organizations representing the Bank’s Assessment Area to identify needs and present services gaps and bring solutions and project opportunities to Bank Management and the Board of Directors.
  17. Leads bank-wide coordination of financial literacy education activities.
  18. Serves as key point of contact for requested CRA information and related questions for Federal agency examinations and internal/external audits.
  19. Performs other duties as assigned.

Qualifications

Education/Experience Requirements

  • Undergraduate degree in business, accounting, economics, pre-law or a related field or an equivalent combination of training and experience.
  • Five years progressive, related work experience, including demonstrated process improvement work and knowledge of government/regional Fair Lending policies.

Preferred Requirements

  • Proficiency in data planning, gathering, collection, mapping, analysis and presentation activities. Ability to propose process improvements based on data and fact rather than subjective analysis.
  • Ability to assess impact or potential impact of change initiatives based on government guidelines and lending regulations.
  • Demonstrate ongoing community reinvestment act professional training.
  • CRA Strategic Plan implementation experience.
  • Community development experience and in-market currently or willingness to relocate.
  • Passionate, strong written and oral communication skills.
  • Extensive knowledge of Federal consumer protection laws and regulations.
  • A team player able to work effectively in a matrixed, multi-tasking environment.
  • Proficient in Microsoft Office suite (e.g. Excel, PowerPoint, Word, Outlook).

Background & EEO Statement

Working at The Bancorp and Benefits Information: click here

 

Employment with The Bancorp includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

 

The Bancorp is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender, identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

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