VP, Assistant Manager - CRA

Cathay Bank • El Monte, CA

2d

About The Position

As VP, Assistant Manager – CRA, you will assist in leading and managing a superior CRA program for the Bank with oversight responsibilities for the execution and management of an effective CRA compliance program. You will manage all aspects of the 3 CRA “Tests” – Lending, Investment, and Service to ensure compliance with CRA requirements and best practices. You will also be responsible for implementing, coordinating, and maintaining the CRA strategic plan with an emphasis on service activities.

Requirements

• Minimum of 5-7 years of experience in financial services, 3-5 years of which in CRA.
• Management experience required.
• Strong working knowledge of CRA regulations and general banking.
• Proven management skills.
• Strong organizational, analytical, and communications (both written and verbal) skills.
• Ability to communicate well with personnel of all levels, inside and outside the department.
• The ability to facilitate meetings and projects.
• Ability to work independently and meet deadlines.
• Proactive in identifying potential concerns and follow up to resolve issues.
• Strong computer skills – proficient with Microsoft products.

Nice To Haves

• Preferably a bachelor’s degree in Business, Accounting, or Finance.
• Knowledge of CRA data collection and reporting software and SharePoint preferred but not required.

Responsibilities

• Responsible for implementing, coordinating, and maintaining the Bank’s CRA Plan.
• Assist in the establishment and timely tracking of strategic goals for all areas of CRA in order to provide better insight and achievement of a superior CRA program.
• Responsible for oversight of the CRA Department’s day to day functions.
• Oversight of the collection and qualification of small business loan data with a high degree of efficiency and accuracy.
• Purchase small business and mortgage loans as required.
• Oversight of the collection and qualification of service activity data with a high degree of efficiency and accuracy.
• Oversight of the Bank’s CRA Service program; in conjunction with the SVP, Director of Community Development, manage, develop, and organize CD Service initiatives/opportunities.
• Ensure that the Bank will be in compliance with all regulatory deadlines including the submission of CRA lending data by March 1st every year and ensure that the Bank’s Public File is kept current and maintained in compliance with regulatory requirements.
• Oversee the completion of meeting minutes and CRA reports for internal and regulatory purposes.
• Assist in the assessment of the community credit needs; attend at least two community events and functions per quarter.
• Assist with Community Development Investment proposals.
• Develop and conduct CRA training.
• Maintain ongoing awareness of company goals, regulatory and legislative development, and industry trends.
• Assist in the training of department and Bank personnel.
• Contribute to the development and preservation of a strong-performing, goal-oriented team.
• Complete required HR and Compliance training.

Benefits

• This position may be eligible for a discretionary bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 501-1,000 employees