CRA Analyst, AT

Apple Bank•New York, NY

1d•$80,000 - $100,000

About The Position

The CRA Analyst supports Apple Bank’s Community Reinvestment Act (CRA) Program by collecting and reporting data accurately and on time, collaborating with business leaders, and coordinating with compliance partners on project management tasks related to CRA compliance and community development initiatives. The Analyst is responsible for managing data reporting tools that effectively present and communicate information related to Community Development (CD) investments, loans, and services. Additionally, this role ensures the department’s operations comply with internal policies and requirements. The position leverages internal CRA CD data tracking systems to produce analytical reports and works with the CRA Officer to identify organization-wide CD-eligible activities. Furthermore, the Analyst develops and implements mechanisms and processes for interdepartmental data sharing as well as data validation and quality management. The incumbent will gather data from both internal primary and secondary sources, review transaction documentation for accuracy, build databases, and set up management reporting. Data reporting lines may include departments such as Loan Servicing, Commercial Real Estate, Commercial Banking, Portfolio Management, Credit Risk, Consumer Banking LOD Functions, Consumer Banking Risk & Analytics, and the Bank Investments Team. The Analyst also ensures that the CRA Department will meet, as well as address Internal Audit, IT, and Credit Risk requirements and inquiries.

Requirements

Bachelor’s degree required; master’s degree preferred.
3 + years of direct CRA experience.
Demonstrated expertise with CRA Service Test requirements, including collaborating to identify candidates for eligible nonprofit board placements, identifying and promoting volunteer opportunities, and organizing internal volunteering initiatives.
Proven experience with Apple Bank’s CRA Community Development Product Program, such as assembling necessary fiscal and corporate governance documents from applicants and distributing materials to C&I for review.
Familiarity with the Federal Home Loan Bank of New York (FHLBNY), specifically relating to the Affordable Housing Program and the Small Business Recovery Grant Program.
Experience partnering with Apple Bank’s Risk and Audit teams regarding CRA Program reviews.
Understanding of CRA test volunteer requirements.
Proficiency in utilizing analytical tools to conduct data mining and complex analyses, manage large datasets, generate reports, and deliver actionable business insights.
Working knowledge of CRA regulatory requirements and community development is preferred.
Ability to consistently maintain proficiency across multiple systems and databases.
Strong analytical capabilities, with attention to detail and commitment to accuracy in collecting, organizing, analyzing, and disseminating information.
Proficiency in Microsoft Office applications (Excel, Word, PowerPoint, Outlook) and PDF management software.
Exceptional organizational skills, with the ability to efficiently track projects, requests, and reporting obligations.
Sound business judgment and dedication to profitably serving low-to-moderate-income communities through innovative approaches.
Service-oriented mindset, excellent time management abilities, and adeptness at prioritizing, critical thinking, identifying potential issues, and proposing solutions.
Ability to collaborate effectively within a team setting and cultivate relationships with both internal and external stakeholders.
Excellent interpersonal and communication skills, both verbal and written.
Some travel for mandatory training may be required.

Nice To Haves

Experience with Track It Forward, Access, and Remote Lender platforms is advantageous.

Responsibilities

Contribute to the development, execution, and oversight of CRA strategies and initiatives.
Oversee the CRA service test and monitor CRA volunteer activities, tracking and reporting as required; administer the Bank’s Consumer Banking financial literacy partnership to ensure each branch delivers at least one financial literacy class annually.
Manage two distinct volunteer databases on Track it Forward, including staff participation on boards and committees of CD-eligible nonprofit organizations.
Maintain records and reporting of volunteer activities across the bank.
Support engagement with Federal Home Loan Bank of New York (FHLBNY) funding to secure CRA service test credit.
Provide administrative support for Community Development Financial Institutions (CDFI)/Nonprofit CD Product Program and CDFI/nonprofit loans.
Facilitate CRA-approved grant processes, confirming receipt of required corporate documentation from grantees.
Prepare and distribute transmittal letters for grant checks and coordinate event-related grants by gathering advertisements/logos, distributing materials, monitoring RSVPs, and managing calendar invitations.
Ensure departmental adherence to Bank data reporting standards and regulatory requirements.
Verify compliance with new Anti-Financial Crime (AFC) regulatory mandates affecting CD CRA grants.
Participate in review of community development loans, investments, grants, and services for CRA eligibility.
Collect data accurately and carry out quality control tasks for CRA reporting and audits.
Collaborate with internal business lines to validate their contributions to the CRA program.
Review, refine, and perform validation testing on CRA-related data from core systems utilizing analytical methods and statistical tools.
Provide comprehensive reporting on CRA activities using graphics, photography, and creative communication approaches to showcase initiatives.
Assist in identifying CRA CD activities relevant to climate remediation or issues of racial and income equity.
Support internal audits, risk assessments within the CRA Department, and external CRA regulatory examinations.
Address internal requests concerning application access, vendor management, and secure data destruction.
Represent the Bank at external events related to the CRA program as designated by the CRA Officer.
Build partnerships with community organizations, government entities, and stakeholders to advance community development initiatives.
Deliver training and guidance to staff regarding CRA compliance and best practices in community development.
Monitor payments to Wolters Kluwer for contractual CRA commitments.
Keep up to date with changes and improvements in database features that impact CRA functions.
Perform additional responsibilities as assigned.