Regulatory Compliance and CRA Manager
4 days ago
Today's Bank is seeking a highly skilled Regulatory Compliance and CRA Manager to join our team. As a key member of our senior management group, you will be responsible for supervising the overall management of our Compliance and CRA Programs.
Key Responsibilities- We are offering a salary in the range of $120,000 - $160,000 per year, depending on experience and qualifications.
- Develop and Maintain Comprehensive Policies
- Complete annual reviews and re-approval processes of policies, procedures, and internal control functions at the Audit Committee level.
- Design and Implement Effective Training Programs
- Develop training programs to provide ongoing training relating to compliance and CRA issues.
- Oversee monthly training sessions for bank employees and officers, ongoing training for Board Directors, and recommend annual curriculums for online BAI employee training programs.
- Report Compliance Issues
- Report all compliance issues to the Senior Manager Group on a monthly and quarterly basis.
- Internal Compliance Committee meetings.
- Lead the Compliance Committee in discussions about emerging compliance matters, reporting and monitoring efforts.
- Set agenda items for regular committee meetings and document meeting minutes.
- Maintain Compliance Management Program
- Audit areas that have demonstrated a compliance weakness to ensure remediation efforts are effective.
- Attend compliance & regulatory seminars; Stay abreast of emerging compliance issues, new or proposed regulations, and changes to existing regulations.
- Liaison with Regulators
- Function as a liaison with regulatory examiners and/or external auditors relative to periodic compliance audits and examinations.
- Assist senior management in prompt remedial actions to address negative findings resulting from compliance audits and regulatory examinations.
- Support AML/CFT Team
- Support the AML/CFT, BSA Team.
- Assist in the administration of the management of controls for the automated BSA and Fraud Management systems.
- Support the BSA Officer and analysts during complex or sensitive investigations.
- CRA Officer Responsibilities
- Manage and monitor the bank's community lending programs to ensure community delineations are appropriate and the bank is meeting the credit needs of its whole community in a fair and equal manner.
- Maintain records regarding the receipt of all former customer complaints, and in conjunction with senior management derive prompt responsive action plans.
- Pre-Funding Review Functions
- Review loan documents for documentation flaws and regulatory compliance prior to loan closing.
- Review HMDA related loan transactions and ensure prompt and accurate upkeep to the bank's HMDA LAR.
- Submit HMDA LAR according to appropriate calendar deadlines.
- Manage Credit Reporting Operations
- Ensure accurate reporting to credit reporting agencies
- Monitor and respond to any credit reporting disputes
- Senior Management Responsibilities
- Participate as a member of the bank's Senior Management Group.
- Provide on-going input regarding both strategic and daily operational decisions.
- Present compliance risk guidance to the Board of Directors and Senior Management regarding new product development and implementation.
- Identity Theft Officer and Customer Information Security Officer
- Act as Identity Theft Officer and Customer Information Security Officer.
- Act as S.A.F.E. Act Officer and ensure the proper licensing of the institution and all eligible lending officers on an annual basis.
- Maintain and administer Identity Theft Program.
- Ensure all staff and customers are trained on issues relating to identity theft.
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