Principal - CRA Compliance

Atlantic Union Bank•Glen Allen, VA

8d•$99,100 - $178,400

About The Position

Community Reinvestment is responsible for supporting the organizational community presence strategy, activities, and reporting to ensure compliance, strengthen community impact, and promote fair and equitable access to financial services. CRA Compliance is responsible for ensuring organizational compliance with Community Reinvestment Act (CRA) requirements and supporting strategies that promote community development and responsible banking practices. As a Principal, this role is recognized as a subject matter expert in a job area typically obtained through advanced education and work experience. Responsibilities typically include managing large projects or processes with limited oversight from manager, coaching, reviewing and delegating work to lower level professionals, and solving difficult and often complex problems.

Requirements

Bachelor's Degree required; equivalent combination of education and experience may be considered
Typically requires 6 - 8+ years prior experience, with deep knowledge of job area

Responsibilities

Collecting, validating, and analyzing community reinvestment related data.
Monitoring community development lending, investments, and services.
Preparing regulatory reports and examination materials.
Implementing processes and controls that ensure accurate tracking of community reinvestment eligible activities.
Collaborating with business units to identify community development opportunities.
Supporting outreach efforts with nonprofit organizations, community partners, and local stakeholders.
Monitoring regulatory requirements and emerging guidance.
Assessing CRA performance and reporting obligations.
Conducting risk assessments and control reviews.
Supporting examinations and regulatory interactions.
Providing guidance to business partners regarding CRA requirements.
Developing policies, procedures, and training programs.
Other duties as assigned.