Job Description
POSITION SUMMARY
The Community Reinvestment Act (“CRA”) and Fair Lending Officer is responsible for the implementation and oversight of the Bank’s CRA and Fair Lending Compliance Programs.
Reasonable Accommodations Statement
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities to perform the essential functions
ESSENTIAL FUNCTIONS
· Develop, enhance and oversee the Bank’s relationships with new and existing CRA outreach partners. Ensure that relationships and volunteer activities are CRA-qualified. Track CRA volunteer hours and donations.
· Collaborate and strategize with lending personnel and outreach partners to increase mortgage application volume received in targeted Low-to-Moderate Income census tracts.
· Assist commercial lenders with the identification and tracking of community development loans.
· Perform annual Fair Lending Risk Assessment.
· Perform Fair Lending Self-Assessments and arrange third-party performance reviews of HMDA data.
· Prepare periodic QuestSoft Management Information Reports (HMDA/CRA/Fair Lending) for Board of Directors and Executive Leadership.
· Conduct Peer Analysis and Matched Pair Analysis on QuestSoft.
· Perform second reviews of denied / withdrawn loans.
· Chair CRA/Fair Lending Committee meetings and associated sub-committees (i.e., UDAAP and Allentown Lending Initiative). Maintain meeting minutes. Participate in Compliance Committee and Strategic Marketing and Outreach Committee meetings.
· Monitor CRA Investments.
· Perform quarterly CRA data scrubs in connection with CRA LAR filings.
· Perform quarterly HMDA data scrubs in connection with the HMDA LAR filings.
· Maintain comprehensive policies for Fair Lending, Community Reinvestment Act and UDAAP.
· Maintain quarterly HMDA and CRA metrics for compliance Dashboard.
· Perform annual Fair Lending – UDAAP – CRA – HMDA employee training.
· Handle formal and informal customer complaints involving Fair Lending, CRA and/or UDAAP.
· Perform special projects as assigned by the SVP / Compliance Officer.
· Provide supervision of the Bank’s Assistant CRA Officer.
· Serve as liaison to Senior Management for applicable regulatory consumer violations.
· Coordinate CRA and Fair Lending Regulatory Examinations, and ongoing work relationships with Federal Examiners.
· Prepare and present to Senior Management a periodic summary of the effectiveness of the Bank’s CRA and Fair Lending Program.
· Assist in developing sound loan programs designed to meet the credit and housing needs of the Bank’s communities.
· Assist in the development of new products to ensure that the Bank’s deposit products and other financial services are designed to meet the needs of the Bank’s communities.
· Provide input regarding fair lending/CRA/UDAAP concerns relevant to the products and services currently offered by the Bank; and changes to these products and services.
· Develop a library of CRA and Fair Lending resources. Collect and distribute information related to these topics to appropriate staff. Provide informational assistance to loan officers, branch personnel, management, auditors, and community groups.
Education: Bachelor's Degree (four year college or university) or equivalent working experience
Experience : Three to seven years related experience
Computer Skills
Microsoft Windows including Word, Excel, Internet Explorer, Outlook, Knowledge of QuestSoft Compliance Relief a plus
Certificates / Licenses / Training
Will be required to complete online banking training courses as directed by management.
Other Requirements
Knowledge of Community Reinvestment Act, Fair Lending Regulations, Home Mortgage Disclosure Act, banking services, policies, and procedures. Knowledge of relevant state, federal, and other government agency laws and regulations for financial institutions.
Company Description
First Northern Bank & Trust will remain an independent, locally owned and operated, tried and true community Bank. Our mission is to profitably serve the financial needs of the people and businesses in each of the eleven communities for which our retail network extends. The Bank will operate as it always has, in a highly prudent and conservative manner that enhances and secures shareholder value with minimal risk, while at the same time promoting a culture intensely focused on the customer experience; and on the retention and addition of long-term relationships through each of its customer interactions, one transaction at a time.
Our Vision Statement:
The vision of the Bank is to become the premier provider of community Bank financial services in each of the markets we serve. We will distinguish ourselves from our competitors by maintaining and marketing those traits, which make us a safer and more secure Bank than any of our peers, both local and national. Specifically, our Bank is extremely well-capitalized, with strong liquidity, in excess of most competitors. Profitable, sustainable, and natural-internal growth will result from a Bank-wide collective effort intensely focused on the “customer experience.” Sound proactive planning, vigilance, and execution, coupled with the continued development and daily improvement of our line and staff, will be the means through which we meet and exceed our goals.
First Northern Bank & Trust will remain an independent, locally owned and operated, tried and true community Bank. Our mission is to profitably serve the financial needs of the people and businesses in each of the eleven communities for which our retail network extends. The Bank will operate as it always has, in a highly prudent and conservative manner that enhances and secures shareholder value with minimal risk, while at the same time promoting a culture intensely focused on the customer experience; and on the retention and addition of long-term relationships through each of its customer interactions, one transaction at a time.\r\n\r\nOur Vision Statement:\r\nThe vision of the Bank is to become the premier provider of community Bank financial services in each of the markets we serve. We will distinguish ourselves from our competitors by maintaining and marketing those traits, which make us a safer and more secure Bank than any of our peers, both local and national. Specifically, our Bank is extremely well-capitalized, with strong liquidity, in excess of most competitors. Profitable, sustainable, and natural-internal growth will result from a Bank-wide collective effort intensely focused on the “customer experience.” Sound proactive planning, vigilance, and execution, coupled with the continued development and daily improvement of our line and staff, will be the means through which we meet and exceed our goals.