VP/CRA Officer
About The Position
Commercial Bank of California is hiring a VP/CRA Officer to lead and contribute to implementation and maintenance of the Bank’s effective Community Reinvestment Act (CRA) compliance program. The role develops, oversees, and quantifies small business and community development initiatives suited to the Bank’s Large Bank CRA needs and assists with CRA data collection and reporting in accordance with requirements and best practices. The position is located in California and is hybrid eligible. The officer oversees daily CRA Department functions across lending, investment, and service; manages small business loan data collection and qualification; analyzes and reports on CRA performance; and ensures compliance with regulatory deadlines. The role also supports staff training, charitable grant functions, audits and examinations, maintenance of the CRA Public File, and relationships with community organizations. Additional duties include assessing community credit needs, overseeing mortgage loan purchases and associated due diligence, developing Federal Home Loan Bank community programs, supervising the Bank’s Assistance Program, and providing backup support to CRA staff while prioritizing requests from the CRO. The position includes community involvement through board service, participation in CRA and Risk meetings, nonprofit volunteering, support for qualifying low- and moderate-income loans and investments, and participation in the FDIC’s Alliance for Economic Inclusion. Candidates need a bachelor’s degree in business administration, marketing, or a closely related field; alternatively, eight years of related sales, account management, lead or supervisory, and banking operations experience and/or training, or an equivalent combination of education and experience. Proficiency in common Microsoft Office programs and working knowledge of CRA Wiz and nContracts are also required.
Requirements
- Bachelor’s degree in business administration, marketing, or a closely related field; or eight years of related sales, account management, lead or supervisory, and banking operations experience and/or training; or an equivalent combination of education and experience.
- Proficiency in software programs such as MS Outlook, Word, Excel, and PowerPoint.
- Working knowledge of CRA Wiz and nContracts.
Responsibilities
- Oversee the CRA Department’s day-to-day functions in lending, investment, and service.
- Oversee efficient and accurate collection and qualification of small business loan data.
- Review, determine, and collect data for small business and community development loans.
- Prepare CRA performance analysis and an annual assessment of the Bank’s prior-year performance, and present reports to Senior Management.
- Ensure compliance with regulatory deadlines, including submission of CRA data by March 1 each year.
- Train CRA Department staff and Bank personnel.
- Assist in managing charitable grants and contributions.
- Interact with auditors and examiners during audits and examinations.
- Update and maintain the Bank’s CRA Public File.
- Establish and maintain relationships with community-based charitable and nonprofit organizations and activities.
- Assist in assessing community credit needs and attend community events and functions.
- Prepare an assessment-area loan-purchase budget and obtain Senior Management approval.
- Lead and manage purchases of mortgage loans made to low- and moderate-income borrowers from third-party sellers as needed, including due diligence, receipt of loan documents, OFAC checks, and HMDA data.
- Develop Federal Home Loan Bank community programs, including WISH, Middle-Income Downpayment Assistance, AHEAD, and the Empowering Homeownership matching grant program.
- Supervise the Bank’s Assistance Program, including reviewing documentation to ensure loans qualify for grants.
- Provide backup for CRA staff and prioritize requests made by the CRO.
- Serve on Community Development Boards and participate in CRA and Risk meetings.
- Volunteer with qualifying nonprofits to secure adequate service hours.
- Participate in facilitating qualification of low- and moderate-income loans and investments.
- Participate in the FDIC’s Alliance for Economic Inclusion (AEI).
Benefits
- Competitive employer contribution to medical, dental, and vision coverage.
- 401(k) plan with employer match.
- Flexible Spending Accounts (FSA) and Dependent Care Accounts.
- Employee Assistance Program (EAP).
- Employer-provided Calm subscription.
- Employer-provided mental health benefits through Teladoc.
- Life, AD&D, and disability insurance.
- Minimum 15 days of vacation.
- 11 paid federal holidays.
- Paid time off to volunteer.
- Online discount program.
- Tuition reimbursement program.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
