Community Reinvestment Act Officer

UnitedHealth Group•Draper, UT

5d•$112,700 - $193,200•Hybrid

About The Position

The Optum Bank Community Reinvestment Act Officer will lead all aspects of the Optum Bank Community Reinvestment Act (“CRA”) program according to regulatory requirements and the approved CRA Strategic Plan. This position will ensure that the Bank meets or exceeds its annual CRA goals in lending, investments, and services; manage documentation of Bank CRA efforts for qualifying activities to ensure regulatory requirements and expectations are met; and proactively engage community partners and agencies which promote CRA objectives to source CRA opportunities in fulfillment of Bank CRA objectives. This position will also interface and coordinate with other Optum and UHG entities to identify and document qualifying CRA-eligible activities undertaken by other entities within the UHG enterprise. This position follows a hybrid schedule with three in-office days per week. Please note: this position is based out of the Draper, UT office.

Requirements

6+ years of experience working in a bank or other regulated financial institution
4+ years of experience working in a CRA program
Functional knowledge in meeting regulatory expectations for CRA, particularly focused on institutions operating under a CRA Strategic Plan or programs with a primary focus on Community Development
Willingness and ability to travel up to 25%25

Nice To Haves

Bachelor’s degree in Finance, Business, Project Management, or related field
2+ years leading a large bank CRA program
Regulatory experience in Community Reinvestment Act examinations
Experience leading or engaging with CRA-qualified community development agencies with a healthcare focus
Proven credit underwriting and/or investment analysis experience analyzing CRA-qualified credit opportunities
Proven ability to network, build, and advance community networks and coalitions to achieve CRA objectives Assertive self-starter, with solid verbal and written communication skills
Proven ability to analyze, manage and resolve complex issues with attention to detail
Proven ability to analyze and interpret governmental regulations, regulatory guidance, and manuals, and implement appropriate policies and procedures to ensure compliance
Proven excellent people-management, project management, and interpersonal skills, including the ability to work well both individually and in a team (in person and virtual) environment across all organizational levels
Proven ability to appropriately prioritize time, manage multiple tasks and work effectively under tight deadlines
Proven ability to work independently
Demonstrate high integrity and excellent judgment

Responsibilities

Lead execution and management of Bank CRA program according to CRA Strategic Plan objectives, Board directives, and regulatory requirements
Build community partnerships and networks in advancement of Bank CRA objectives (loans, investments, and services)
Provide subject matter expertise to internal Bank and UHG functions on CRA-qualifying activities
Manage and maintain appropriate documentation of CRA-qualified activities, and produce applicable reporting to appropriate stakeholders (Bank committees, Board of Directors, regulatory agencies and examiners, etc.)
Conduct and maintain benchmarking of other CRA programs and activities of peer institutions, and document the Bank CRA Performance Context
Engage and liaise with appropriate regulatory agencies on CRA matters, keeping abreast of regulatory guidance and trends, and advocating on behalf of the Bank with regulators, industry consortia, and community partners on CRA matters
Manage and maintain the Bank’s CRA Strategic Plan, including soliciting community input; preparing new plans for submission and regulatory approval; managing the regulatory approval process, etc.
Source and execute CRA-qualified service opportunities for Bank personnel at various levels (front-line staff; consulting/expertise for CRA-qualified agencies; Board opportunities on CRA-qualified agencies, etc.)
Provide CRA-qualified Board service to CRA-qualified agency(ies) in fulfillment of CRA objectives
Respond to community, regulator, and other stakeholder input on the Bank’s CRA program and efforts
Manage all aspects of CRA examinations by relevant regulatory authorities
Manage annual CRA data reporting
Manage the Bank CRA donation budget, and source and direct CRA donation opportunities through applicable Bank