CRA Associate

TRUSTBANK•Olney, IL

1d•$60,000 - $65,000•Hybrid

About The Position

This role serves as an AML/CFT Associate, assisting in the oversight, monitoring, and reporting related to Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Customer Identification Program (CIP), Office of Foreign Asset Control (OFAC), and Suspicious Activity Reporting (SAR) policies and programs. The position also functions as a Compliance/CRA Associate, ensuring the bank adheres to all banking laws and regulations, with a focus on consumer protection. This includes testing the compliance program, recommending training, and implementing regulatory changes. A key responsibility is the annual collection, validation, and reporting of HMDA data to the Consumer Financial Protection Bureau (CFPB) and assisting with quarterly Community Reinvestment Act (CRA) data collection for the Board of Directors.

Requirements

Minimum of Associate Degree, prefer Bachelor’s Degree in business-related study.
Minimum three years prior experience in bank operations, deposit account opening, mortgage lending, or loan operations.
Formal bank-related training or certifications are helpful.
Continuing education for career development is necessary to meet position expectations.
Excellent ability to read, interpret, and apply government laws and regulations.
Strong ability to write reports and clearly communicate with the Executive Leadership Group, coworkers, and clients, both in verbal and written formats.
Strong ability to analyze and interpret data and form conclusions.
Ability to work productively, efficiently, and independently with minimal supervisory overview.
Multi-tasking ability with strong attention to detail and time management.
Ability to recognize issues of significance, prioritize accordingly, and appropriately clarify.
Must work well in a team environment executing with cooperation, professionalism, dependability, and mindfulness.
Friendly, accommodating, and helpful interpersonal skills and demeanor.
Ability to utilize Microsoft 365 applications and collaboration tools.
Specifically, must have a strong knowledge of Excel, Word, and Outlook.
Knowledge of and ability to learn the bank’s data processing system.

Nice To Haves

Formal bank-related training or certifications are helpful.
Prefer Bachelor’s Degree in business-related study.

Responsibilities

Assist with the implementation of the AML/CFT/CIP/OFAC/SAR program and adherence to bank policy and government regulations.
Recommend continuing education opportunities related to AML/CFT/CIP/OFAC/SAR regulations.
Assist with ongoing program training for all employees and new process implementation.
Research and provide supported responses regarding AML/CFT/CIP/OFAC/SAR matters, especially for new product and service implementation.
Verify core data (RIM) information upon account opening and monitor account activity as per AML/CFT/CIP/OFAC/SAR policies and regulations.
Review CTRs and verify the validity of each report.
Assist with the investigation of SAR referrals and make recommendations on SAR necessity.
Assist with the verification of the customer database against the 314a list.
Assist with the assembly of AML/CFT-related information for audits and examinations.
Be responsible for the bank’s HMDA submission program and serve as the subject matter expert for HMDA-related questions.
Assist with the collection of all reportable CRA data for the institution, reported quarterly to the Board of Directors.
Assist the Compliance Officer with adherence to bank policy and government regulations, with emphasis on consumer protection laws (TRID, RESPA, Flood, Regulation CC, Truth in Savings, Fair Lending-Fair Housing, ECOA).
Recommend continuing education opportunities related to consumer compliance regulations.
Research and provide supported responses regarding compliance matters, especially for new product and service implementation.
Assist with the review of marketing material, website data, notices, and other consumer contact information for regulatory compliance.
Review loan, deposit, and other consumer disclosures for regulatory compliance.
Review the content of all consumer notices for completeness, regulatory compliance, and appropriate support.
Assist with the assembly of compliance-related information for audits and examinations.
Serve as a non-voting member of the Risk Management Committee.