CRA Officer

Description

• The CRA Officer is responsible for the day-to-day administration and coordination of the Bank’s Community Reinvestment Act (CRA) Program and assists the Chief Compliance Officer in maintaining effective oversight of CRA performance, regulatory compliance, examination readiness, reporting, and risk management activities.
• This role is responsible for supporting the development and framework of the CRA Program, ensuring compliance with applicable regulations, providing regulatory analysis, monitoring, and reporting, and maintaining documented, regulator-ready CRA performance metrics and management reporting. It also provides governance support to ensure the Bank maintains a well-established CRA Program capable of meeting its community development objectives.

Key Responsibilities

Community Reinvestment Act (CRA) Program Oversight

• Serve as the day-to-day administrator of the Bank's CRA Program and assist the CHIO in maintaining effective oversight of CRA policies, procedures, governance, and examination readiness.
• Monitor and evaluate CRA performance against established goals and regulatory expectations in low- and moderate-income areas.
• Coordinate the identification, tracking, and monitoring of CRA-qualified activities related to community development loans, investments, services, grants, and other CRA-related activities.
• Conduct CRA quarterly reviews, examinations, and performance metrics, and prepare management reports.
• Coordinate CRA reports and updates for senior management, management committees, and the Board.
• Support the development and implementation of the Bank's CRA strategy and annual CRA planning initiatives.
• Monitor regulatory developments and industry trends related to CRA, and recommend appropriate program enhancements.
• Assist in developing and delivering CRA-related training programs and awareness initiatives.

Governance, Risk, and Reporting

• Maintain CRA risk assessments and support the maintenance of CRA monitoring, governance, and control frameworks.
• Prepare management reports, dashboards, key risk indicators, performance metrics, and governance updates.
• Maintain documentation ready for inspection, evidence repositories, issue tracking logs, and remediation plans.
• Escalate significant compliance risks, regulatory concerns, control deficiencies, and emerging issues to the CEO and business units to strengthen CRA governance, controls, and oversight processes.
• Partner with Internal Audit, Risk Management, Legal, Compliance, and business units to strengthen CRA governance, controls, and oversight processes.
• Analyze regulatory developments, supervisory priorities, and emerging issues.
• Support the preparation of regulatory responses, corrective action plans, and efforts to address examination findings, as needed.

Qualifications

Education

• A bachelor's degree in business, finance, economics, accounting, law, risk management, or a related field.
• A master's degree is preferred.

Experience

• A minimum of 3–5 years of experience in CRA compliance, regulatory compliance, banking and supervision, compliance risk management, or related functions within a regulated financial institution.
• Experience managing or supporting CRA examinations and supervisory expectations.
• Experience managing or assisting with CRA examinations.
• Demonstrated ability to interpret regulatory requirements, guidance, and policies, and translate them into practical policies, controls, and processes.
• Experience in developing strategic plans, community development initiatives, and strategic CRA planning initiatives.
• Experience working with governance, compliance, and control committees.
• Experience working at a community bank, regional bank, or similar financial institution is preferred.

Preferred Certifications

• Certified Community Reinvestment Act Professional (CCRAP)
• Certified Regulatory Compliance Examiner (CRCE)
• Other relevant compliance, audit, or risk certifications.