VP, Fair Lending & CRA Officer

TBK Bank, SSB•Dallas, TX

2d•Onsite

About The Position

Join TBK Bank! At TBK Bank, a subsidiary of Triumph, we're a team of passionate, driven, collaborative, solutions-minded people who want to make a difference in the lives of our customers and communities. Our mission is to do well and to do good at the same time. We accomplish this by working together, because at the end of the day, TBK means striving for excellence, while delivering with humility. We thrive on providing exceptional customer service, and we look for friendly professionals dedicated to helping customers achieve their financial goals. Position Summary: The primary objective of the VP, Fair Lending and CRA Officer is to maintain and continuously improve a robust fair lending and CRA program by working with management to establish effective strategies to meet the needs of the Bank's communities. This individual will partner with key leaders across the enterprise to execute strategies and create accurate and effective reporting to keep management informed of the success of the both the fair lending and CRA programs. This individual must ensure the Bank’s adherence to the regulatory provisions and intent of fair lending and the Community Reinvestment Act.

Requirements

Bachelor's degree is required.
5+ years’ experience in banking compliance, fair banking, or related field
Strong knowledge of the Community Reinvestment Act and regulatory requirements
An extensive knowledge of bank regulations, operations, lending and accounting principles
Advanced written, oral, and interpersonal skills with ability to prepare and present technical presentations and educate Bank staff
Demonstrated ability to actively and effectively interact with the Bank’s regulators, the Board of Directors, and management in other areas of the Bank
Ability to prioritize heavy workloads and meet time sensitive deadlines
Strong collaboration/cooperation skills.
Intermediate skills using Microsoft Office Suite
Experience and good judgment to plan and accomplish goals with a high degree of creativity and autonomy expected
Manage competing priorities under tight deadlines.

Nice To Haves

Certified Regulatory Compliance Manager (CRCM) is preferred

Responsibilities

Research, analyze and interpret all applicable federal and state regulations related to fair lending and CRA, keeping abreast of emerging issues and regulatory perspectives, and communicate to management changes or controls that might need to be implemented to facilitate the Bank’s regulatory compliance.
Coordinate with Credit Compliance Officer on related policies, procedures, and practices and perform routine data integrity reviews and implement changes to enhance existing fair lending and CRA policies processes and procedures when necessary.
Effectively partner with and collaborate with cross-functional leadership to reach alignment on fair lending and CRA strategies, as well as support execution of agreed upon strategies. Be able to evaluate new products to understand potential impact to fair lending and CRA strategies and provide pro-forma reporting, as needed, to be considered for new product roll-outs.
Actively pursue community development lending, investments, and service opportunities within the Bank’s footprint. Cultivate relationships with community based, charitable, and non-profit organizations to aid in the identification of these opportunities.
Prepare, audit, and submit applicable CRA data to FFIEC by March 1 of each year.
Maintain the Bank’s CRA Public File by April 1 of each year.
Oversee fair lending risk assessments and monitoring systems in conjunction with enterprise Compliance team and Credit Compliance Officer.
Monitor and evaluate lending practices to prevent discriminatory practices including redlining. Analyze banking data to identify potential disparities or redlining concerns.
Consider impacts of CRA compliance on the fair lending program and vice versa.
Prepare periodic fair lending and CRA reports for management and CRA Committee to aid in evaluation of the Bank’s program and management’s ability to make informed strategic decisions in support of fair lending and CRA goals. Present to Executive Loan Committee on a period basis and CRA Committee on a semi-annual basis.
Conduct a periodic CRA Self-Assessment to identify potential risk areas through peer analysis and redlining review and to ensure the Bank’s alignment with the CRA goals set by the Board of Directors and CRA Committee.
Serve as the liaison for handling fair lending or CRA complaints and assist in issuing a response to those complaints.
Develop and update the CRA Performance Context to be utilized for the triennial CRA Performance Evaluation by the FDIC.
Participate in regulatory examinations and audits and respond timely and accurately to regulatory inquiries and examination findings.
Develop remediation plans when compliance issues are identified.
Keep staff and Board updated on regulatory changes and compliance requirements, including developing and deploying periodic training, as appropriate.
Provide guidance on fair lending and CRA issues to business units.
Perform other duties as assigned.