HMDA & CRA Data Analyst

Provident Bank-posted 8 months ago
Full-time • Entry Level
Woodbridge Township, NJ
Credit Intermediation and Related Activities
Resume
Match Score
Upload and Match ResumeTrack Jobs with Teal

The HMDA & CRA Data Analyst is responsible for collecting, reviewing, and analyzing data from different lending departments, including residential mortgage, consumer loans, small business, and commercial loan data from various internal sources to ensure compliance with Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and 1071 Small Business Lending regulations, identifying potential issues with data integrity, and working with relevant departments to rectify discrepancies, ultimately producing accurate reports for regulatory submissions. This position is also responsible for assisting with internal data analysis and reporting and maintaining documentation regarding Community Development activities that will impact the CRA Compliance Program. The ideal candidate will have a strong understanding of federal and state law regulations such as Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), 1071 Small Business Lending and other applicable laws including the Equal Credit Opportunity Act (ECOA) and Fair Housing Act (FHA). Additionally, the candidate must possess a strong understanding of the detail information that needs to be captured by HMDA, CRA, and 1071-SB Lending regulations including applicant demographics, loan details, action taken on the application and other regulatory data fields mandated by HMDA, CRA, and 1071-SB Lending regulations.

  • Perform quality control, second line reviews, and data scrubs on all CRA and HMDA data streams including but not limited to HMDA- Mortgage Lending, CRA Lending, 1071-SB Lending.
  • Perform credit or lending data entry into the compliance software.
  • Provide a clean Loan Application Register (LAR) 30 days after quarter end for analysis of HMDA and CRA data.
  • Provide monthly data reporting from compliance software.
  • Provide quarterly benchmark reports vital for management reporting.
  • Assist to log, track and resolve errors on data.
  • Lead second line data quality and integrity reviews of first line data.
  • Maintain procedural manuals, job aides, and tools.
  • Other compliance-based monitoring duties to be determined.
  • Contribute to other areas, as needed.
  • Work closely with the CRA Officer Chief Compliance Officer and Fair and Responsible Banking Officer to address HMDA, CRA, and Fair Lending concerns and assist in developing strategies for improvement.
  • Participate in community outreach initiatives to promote CRA activity.
  • Assist in developing and delivering training programs to Bank staff on HMDA, CRA, and 1071-SB Lending laws, regulations, and best practices.
  • Serve as a resource for staff questions regarding HMDA, CRA, and 1071-SB Lending issues and policies as well as a resource for regulatory matters and compliance related initiatives and responds to questions from business line regarding interpretations of regulatory requirements and applicable guidance.
  • Proficient in utilizing statistical analysis tools such as QuestSoft, CRA Wiz, and NContracts software.
  • Support the Compliance team in preparing for and managing Compliance audits and examinations and tracking any noted exceptions and execute remediation plans.
  • Maintain and enhance knowledge of regulatory compliance requirements by participating in workshops, webinars, conferences, and meetings.
  • Perform special projects and additional duties and responsibilities as assigned by the CRA Officer and/or Chief Compliance Officer.
  • Ability to work independently and in collaboration with other team members and external partners.
  • Banking experience and/or general knowledge of banking regulations a plus.
  • Ability to effectively communicate with stakeholders.
  • Expert knowledge and skillset of all applicable HMDA and CRA laws, rules, and regulations, including, but not limited to, Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) and State and local Fair Lending Laws and Regulations.
  • Expert knowledge of bank regulatory examination procedures and techniques including preparation and submission of the Loan Application Register (LAR), including applicant demographics, loan details, and action taken on the application as mandated by HMDA, CRA, and 1071-SB Lending regulations.
  • Working knowledge of banking operations and banking policies and procedures.
  • This position requires a strong analytical background, excellent problem-solving skills, self-motivated and the ability to work with complex datasets.
  • Basic knowledge of and proficiency with Microsoft Word and Excel is required.
  • 401k
  • health_insurance
  • dental_insurance
  • vision_insurance
  • paid_holidays
  • paid_volunteer_time
  • tuition_reimbursement
  • professional_development
Track Jobs with Teal

Job Search Resources

•
AI Resume Builder
•
Data Analyst Resume Examples
•
Data Analyst Cover Letter Examples

Tools

Career Hubs

Guides

Company

© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service