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Director, Community Reinvestment Act Officer

Company: First National Bank of Omaha
Location: Omaha
Posted on: September 17, 2020

Job Description:

Association of Certified Financial Crime Specialists Director, Community Reinvestment Act Officer

F Director, Community Reinvestment Act Officer Description

At FNBO, our employees are the heart of our story--and we're committed to their success! Please see below the details of this career opportunity and how it fits into our organization's success. The Community Reinvestment Act (CRA) Officer reports directly to the Chief Compliance Officer and is responsible for maintaining First National Bank of Omaha's compliance with CRA by proactively understanding emerging risks, adapting program components to address gaps, and engaging audiences at all organizational levels in practices that align with CRA objectives. The CRA Officer is responsible for maintaining proficient knowledge of CRA, the clarifying CRA questions and answers, and other CRA-related guidance.

Critical to the success of the role, the CRA Officer will need to:

* Demonstrate superior leadership and management skills, as well as a command of technical requirements;

* Relate technical knowledge to business strategies, challenges and opportunities, and

* Leverage expertise to align the CRA Strategy with business goals and community needs.

Key Accountabilities:

Lead the Bank to its third-consecutive Outstanding CRA rating.

Complete the annual Self-Assessment, quarterly performance monitoring, and ad hoc reporting of lending, investment, and service activity.

Set annual goals designed to achieve an Outstanding CRA rating.

Coordinate with key stakeholders to ensure loan, investment, and service activity produces desired CRA outcomes.

Ensure small business and small farm data is accurate and community development loans, investments, and services are qualifying and appropriately documented.

Review performance context and connect context to opportunities and challenges in relation to CRA performance.

Engage with regulators and internal auditors for CRA-related examinations, audits, and ad hoc requests.

Serve as CRA subject matter expert, acting as a trusted advisor to business lines and risk management.

Review relevant regulatory and industry publications, and regularly participate in relevant conferences and educational programs to stay abreast of changes to CRA requirements, emerging risks and evolving industry best practices.

Maintain (or contribute to) CRA training programs by coordinating with business line management and other compliance constituencies to ensure appropriate scheduling, audience identification, and overall effectiveness.

Develop and maintain a broad understanding of all lines of business, key business drivers, overarching strategy of applicable divisions and compliance subjects with focus on lines of business impacting Bank CRA compliance.

Proactively identify and communicate CRA performance issues, deficiencies, gaps, etc. that impact divisions' and the Bank's ability to meet strategic CRA objectives.

Develop and promote recommendations to implement CRA initiatives and strategies and best practices that align with division work and support the achievement of business objectives.

Advise on and prepare CRA analysis of Bank location openings, closings, and relocations. Complete ongoing monitoring of CRA impact of location closings to inform future decisions.

Detect issues and recommend solutions or enhancements to enterprise processes and policies impacting CRA compliance.

Identify and recommend opportunities to improve, align, standardize and streamline the overarching effectiveness of CRA performance across the organization.

Continuously monitor and recommend changes to existing processes, systems and standards to improve CRA activity reporting and identification.

Present ideas for process improvement and actively lead efforts to solve problems when identified.

Ensure recommendations are consistent with industry CRA best practices.

Promote an environment that supports collaboration and partnership.

Foster positive working relationships with business units, internal audit and appropriate senior management stakeholders to support adherence to regulation(s), regulatory requirements, and/or compliance risks.

Assist with monitoring, in coordination with the business units, the status of any related material compliance issues identified and reported by Compliance Testing, regulators, or internal audit and provide updates to business unit management as necessary.

Set Program priorities and make day-to-day decisions. Escalate matters to senior management as needed.

Provide leadership, motivation, coaching and assessment to ensure high performance in support of company and department goals.

Support business unit-specific and enterprise-wide goals and strategic plans.

Lead the CRA team to execute deliverables accurately and within defined timelines of completion.

Understand and comply with Bank policy, laws, regulations, and the Bank's BSA/AML Program, as applicable to your job duties.

Complete compliance training and adhere to internal procedures and controls, as required.

Report any known violations of compliance policy, laws, or regulations.

Report any suspicious customer and/or account activity.

Ensure direct reports meet the above requirements and take action to address employee performance issues.

Knowledge, Skills, Education and Experience

Required:

Bachelor's degree in banking, business, data analytics or related field or equivalent experience

7+ years of CRA experience

Expert knowledge of the CRA and all its technical components

Strong understanding of bank products and services offered to consumers, businesses, and communities

Excellent interpersonal skills and ability to lead in a team environment

Able to establish solid relationships within the bank as well as in the community

Excellent oral and written communication skills. Must be able to translate CRA knowledge to someone not as well versed in CRA.

Strong analytical skills with high attention to detail and accuracy

Advanced in Microsoft Office Suite (Excel, Word, Power Point, Outlook)

Experience building consensus, gaining buy-in and addressing complex issues within all levels of an organization

Ability to accurately identify the root cause of issues and develop solutions

Ability to multi-task assigned projects and daily workload while adhering to multiple timetables of completion

Desired:

Prior experience as a regulatory examiner

Prior experience effectuating Outstanding-rated CRA Program in OCC-regulated Large Bank

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.

Click here to download 'EEO is The Law' Self-Print Poster

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Position Title: Director, Community Reinvestment Act Officer

Company Name: First National Bank of Omaha

Keywords: First National Bank of Omaha, Omaha , Director, Community Reinvestment Act Officer, Other , Omaha, Nebraska

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