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Community Reinvestment Act Officer - Little Rock or Arkadelphia

Company: Southern Bancorp
Location: Arkadelphia
Posted on: March 17, 2023

Job Description:

Manages the Bank's compliance, data collection, assessment, and reporting related to the Community Reinvestment Act (CRA). Works directly with senior and executive management to establish the strategic direction of CRA activities and remedy identified deficiencies. Manages data collection process from internal and external sources to compile and maintain reports and dashboards that document activities and analyses. Manages bank examination process related to CRA and works directly with regulators and other external parties. Responsibilities:

  • Prepares CRA plan updates and/or reporting of Banks's performance under regulatory standards as requested by Management and required for CRA exams.
  • Maintains the CRA Public Notice and Public File as required.
  • Conducts or oversees all necessary training to assure bank compliance with CRA policies and regulations.
  • Manages coordination and monitoring of data collection for CRA activities with employees to ensure accurate and timely reporting; reviews to determine CRA eligibility and proper coding for CRA reporting.
  • Creates and maintains necessary forms, training materials, reports, and monitoring systems to carry out responsibilities related to CRA.
  • Helps formulate, complies with and stays abreast of all CRA related policies and procedures as well as federal and state laws applicable to the job.
  • Assesses how the bank is responding to the credit needs of low and moderate income members of designated lending areas.
  • Monitors the bank's CRA performance and suggests ideas for improvement.
  • Meets with regional CRA Coordinators to discuss CRA activities and goals.
  • Recommends strategies that will achieve lending, service and investment objectives.Education and Experience
    • Bachelor's degree with an emphasis in compliance, finance, regulatory review, accounting, law, risk management or related discipline; or an equivalent amount of related work experience.
    • Required Qualifications:
      • Prior experience with CRA examination, reporting and evaluations.
      • Minimum of three years prior CRA experience under Large Bank (> $1.5 billion) rules.Other Skills and Abilities:
        • Strong analytical skills with attention to detail and concern for data accuracy.
        • Self-starter who uses time effectively and efficiently meeting required deadlines.
        • Experience with one on one interaction with bank regulators.
        • Demonstrated ability to research, read, and interpret government regulations, technical reports, and legal documents.
        • Working knowledge of bank core systems, queries, CenTrax or other CRA software, Microsoft Office with emphasis in Excel and Word.
        • Strong writing skills to draft clear and concise announcements and reports to management teams, committees, regulators, and employees and communications with external stakeholders.Physical Demand & Work Environment:
          • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functionsWhat we offer our employees:A positive impact on Your Future:
            • 401(k)/Roth plan with immediate eligibility and employer match up to 6%
            • Employee stock ownership plan
            • 1% employee home loan
            • Credit and housing counseling as well as free financial education tools available to customers and employees Benefits to improve your health:
              • No deductible medical insurance plan
              • Dental and vision insurance
              • Employer paid life and long-term disability insurance
              • Flexible Spending AccountsThe opportunity to nurture your well-being:
                • Paid holidays and paid time off
                • Bonus plan
                • Opportunity for merit raises
                • Employee reward and recognition programs
                • Community service opportunitiesSouthern is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, sexual orientation, gender identity, gender expression, status as a protected veteran, among other things, or status as a qualified individual with disability. As a Community Development Financial Institution, Southern Bancorp desires for its workforce to reflect the diversity of the customers and communities that we serve. Racial and ethnic minorities, people from working class backgrounds, women and LGBTQ people are often underrepresented in many financial service industry professions. Therefore, we strongly encourage applications from people with these identities or who are members of other marginalized communities.

Keywords: Southern Bancorp, Little Rock , Community Reinvestment Act Officer - Little Rock or Arkadelphia, Other , Arkadelphia, Arkansas

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