(CRA) Community Reinvestment Act Officer - Big Bank - REMOTE/HYBRID

About the position

The Community Reinvestment Act (CRA) Officer is responsible for overseeing the compliance program of a Large Bank regarding the Community Reinvestment Act. This role involves developing, implementing, and monitoring the CRA compliance program to ensure the bank meets the credit needs of the communities it serves, particularly low- and moderate-income neighborhoods and communities of color. The CRA Officer acts as the primary contact for CRA-related issues and works closely with various stakeholders to maintain compliance with federal regulations and internal policies.

Responsibilities

• Develop, implement, and monitor the Large Bank's CRA Compliance Program.
• Maintain the CRA strategic program and goals to align with the Bank's overall strategy.
• Perform periodic reviews of the Bank's assessment areas and present changes for Board approval.
• Prepare annual CRA Self-Assessments to achieve satisfactory ratings.
• Supervise the CRA Community Development staff and support their development.
• Ensure maintenance of CRA public files and lobby notices as required.
• Oversee the filing of an error-free CRA-LR by the annual deadline.
• Coordinate annual CRA training for all bank personnel and the Board of Directors.
• Ensure compliance with all CRA regulations and exceed regulatory expectations.
• Oversee data collection and reporting for small business, small farm, and community development loans.
• Assist the CRA Community Development Specialist in reviewing and documenting qualifying loans and services.
• Analyze the bank's performance in loan penetration in assessment areas and report findings.
• Review marketing materials to ensure outreach to low- and moderate-income communities.
• Develop CRA programs to meet credit needs in assessment areas.
• Manage community investment special programs through the FHLB Dallas.
• Generate statistical data to inform sales and marketing campaigns for CRA qualified loans.
• Engage employees in community development services with nonprofit organizations.
• Coordinate financial education activities with the American Bankers Association and Mississippi Bankers Association.
• Serve as the liaison with auditors and examiners during CRA audits and federal examinations.

Requirements

• Bachelor's degree and two or more years of CRA-related experience in a Large Bank ($2 Billion plus).
• Strong competency in Microsoft Office and ability to learn Google Workspace (G Suite).
• Knowledge of consumer, mortgage, and small business lending operations and services.
• Understanding of federal banking regulations, particularly the CRA (Regulation BB).
• Well-organized, efficient, detail-oriented, and able to work independently.
• Strong writing and analytical skills.
• Ability to conduct thorough research and interpret laws and regulations.
• Combination of leadership, organizational, credit, and communication skills.
• Ability to work well under pressure and meet deadlines.

Nice-to-haves

• Knowledge of and experience in CRA programs, affordable housing mortgages, and community development activities.

Benefits

• Competitive salary
• Remote/hybrid work options
• Opportunities for professional development
• Engagement in community service activities