The CRA (Community Reinvestment Act) and Fair Lending Officer is responsible for developing, implementing and administering all aspects of the bank’s CRA and Fair Lending Programs for the Bank, including elements relating to Banking as a Service partners, and their products and programs.
Develop and maintain the bank’s CRA program.
Ensure that the bank’s Main and Branch CRA Public Files are current, accurate and made available as required.
Work collaboratively with the Bank Compliance Officer to ensure data integrity of CRA and HMDA data; as required, submit reports to meet Federal filing requirements.
Compile bank records of CRA activities, including Community Development lending, Small Business/Small Farm lending, Bank Services and Bank Investments.
Manage CRA prior to and during compliance exams or audits. Conduct periodic reviews and assessment of CRA activity, including Banking as a Service partners, and report results to the bank’s Compliance Committee, Executive Management, and the Board of Directors.
Develop and maintain the Bank’s Fair Lending program.
Provide job-specific training and communication to lending staff, as needed, providing guidance on Fair Lending regulations to various business units.
Develop and perform fair lending monitoring and testing, to identify risks, by working with CRA and Fair Lending software to monitor the Bank’s compliance with fair lending laws.
Manage Fair Lending prior to and during compliance exams or audits.
Perform periodic analysis of lending and denial activity to document fair lending risks.
Develop and update the Bank’s fair lending risk assessment to include Bank products & services and Banking as a Service (BaaS) partners.
Work collaboratively with the Bank Compliance Officer to ensure the timely and satisfactory resolution of consumer complaints relating to Fair Lending issues.
Prepare periodic fair lending reports for senior management, and the Board of Directors that includes significant fair banking developments, fair banking risk monitoring and testing results, and fair banking key risk indicators, including the impact of BaaS partners on the Bank’s Fair Lending program.
Advanced knowledge of related state and federal banking compliance regulations
Expert of consumer protection laws and regulations that impact financial institutions, including CRA, HMDA, FCRA, and UDAAP. Knowledge of both lending and deposit-related laws is required
Exceptional verbal, written and interpersonal communication
General understanding of the digital payment processing environment
Excellent analytic skills and advanced math
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
Ability to handle multiple tasks at the same time successfully
Must have excellent attention to detail to ensure timely and effective communication
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions
Demonstrates knowledge of, and adherence to EEO policy
Strong research skills involving customer and transactions using core system, BSA software, social media, and internet
Advanced skills with personal computers and Microsoft Office.
Perform additional duties as assigned
Follow and comply with all regulatory and compliance regulations
About Coastal Community Bank
Here at Coastal Community Bank we take pride in our roots which is why Community is more than just our middle name it’s how we do business. We have a strong entrepreneurial strategic mind set and we aren’t like other banks, in fact we’re quite different and our core values speak for themselves: Stay Flexible, Take Care of Each Other, Embrace Gray Thinking, Be Relentless, Be the Best, and Be Un-Bankey.