Community Reinvestment Act (CRA) Compliance Officer I

Truist•Orlando, FL

8d•Onsite

About The Position

Facilitate the administration of Truist’s Community Reinvestment Act (“CRA”) compliance and performance. Ensure applicable laws and regulations are met by transactional testing and ongoing internal assessments of the institution’s CRA performance. Provide compliance guidance to internal management based on analysis and interpretation of the regulation and Truist’s CRA performance. Position has in office expectations and must sit in one of the Truist HUB locations in Charlotte, NC, Atlanta, GA, Winston Salem, NC, Raleigh, NC or Orlando, FL.

Requirements

Bachelor’s degree in business or comparable field, or equivalent education and related training
2 years of experience in Banking, Audit or Compliance
Demonstrated ability to handle multiple priorities under time constraints
Well-organized with keen attention to detail
Strong writing skills

Nice To Haves

Detailed understanding of Community Development, CRA, and HMDA regulations
Strong conceptual problem-solving skills including ability to organize, direct and perform highly complex analysis
Experience with CRA compliance software
Knowledge and understanding of bank’s computer systems and database applications
Strong verbal and written communication skills

Responsibilities

Maintain a high-level of knowledge concerning the CRA regulation.
Research demographic, political and economic variables to support and qualitatively assess Community Development loans, services, and qualified contributions / investments.
Conduct research on market conditions, risks, and trends to maximize the qualitative aspect of Community Development efforts.
Identify key risk assessment areas in the bank’s CRA and HMDA performance and retail distribution; participate in remediation efforts, as applicable.
Conduct ongoing and ad hoc assessments of the bank’s CRA performance to update internal and Business Unit leadership on projected CRA Rating.
Communicate with internal and external clients regarding performance assessments; disseminate reports detailing progress and gaps.
Serve as subject matter expert for associate inquiries regarding CRA technical compliance, internal reporting systems, and the Bank’s CRA performance.
Fulfill requests based on regulatory compliance from the public for information from the CRA Main Office Public File.
Develop, update, and maintain a Procedures Manual for all established processes.
Provide training to less experienced teammates and may be responsible for specific programs/functions.