CRA-HMDA Compliance Specialist
About The Position
Responsible for development and management of CRA and HMDA compliance monitoring and audit programs; under the guidance of the Compliance Officer, maintains and updates related policies and procedures company wide. ESSENTIAL FUNCTIONS This position performs the following duties, including but not limited to: Develops and manages all aspects of the CRA and HMDA compliance monitoring and audit programs. Interprets and applies the CRA and HMDA regulations and provides continuing guidance to employees on compliance matters. Maintains and updates policies and procedures related to CRA and HMDA. Conducts routine and periodic CRA, fair lending and HMDA data analysis. Maintains database of qualified CRA activities and the Bank’s CRA public file. Identifies potential areas of compliance vulnerability and risk; assists Management to develop and implement corrective action plans for resolution of problematic issues. Provides reporting of activities to keep Management informed of the CRA program elements and progress of compliance efforts. Manages and conducts annual CRA and HMDA related training for team members. May assist external review firm during the conduct of their exam. Also participates in the federal regulatory examinations for CRA and HMDA. Develops proficiency with any software needed to aid the compliance department in managing the risks of the bank. Assists other compliance team members as needed. Performs other duties as assigned by supervisor.
Requirements
- High School Graduate
- Minimum of 5 years of banking experience, preferably in loan or compliance related positions
- Good understanding and ability to respond to the application of internal reviews, standards, procedures, and techniques.
- Ability to read, study and understand government regulations.
- Must be able to respond to common inquiries from regulatory agencies and outside consultants.
- Good understanding of human relations and the ability to maintain satisfactory relationships with coworkers.
- Good organizational, time management, and verbal and written communication skills.
- Proficient in Word and Excel software use.
- Some traveling required for branch review and continuing education requirements
- Overtime may be required when involved in reviews, exams, and annual federal submissions.
Responsibilities
- Develops and manages all aspects of the CRA and HMDA compliance monitoring and audit programs.
- Interprets and applies the CRA and HMDA regulations and provides continuing guidance to employees on compliance matters.
- Maintains and updates policies and procedures related to CRA and HMDA.
- Conducts routine and periodic CRA, fair lending and HMDA data analysis.
- Maintains database of qualified CRA activities and the Bank’s CRA public file.
- Identifies potential areas of compliance vulnerability and risk; assists Management to develop and implement corrective action plans for resolution of problematic issues.
- Provides reporting of activities to keep Management informed of the CRA program elements and progress of compliance efforts.
- Manages and conducts annual CRA and HMDA related training for team members.
- May assist external review firm during the conduct of their exam.
- Also participates in the federal regulatory examinations for CRA and HMDA.
- Develops proficiency with any software needed to aid the compliance department in managing the risks of the bank.
- Assists other compliance team members as needed.
- Performs other duties as assigned by supervisor.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
