Job Description

Job Description

Job Description

Job Title

VP, CRA Officer

Banesco USA is seeking a VP, CRA Officer for our Compliance Business Unit.

The position of the VP, CRA Officer is responsible for the oversight of a Consumer Compliance and Community Reinvestment Act (CRA) program for the Bank. As the CRA Officer, the primary responsibility is to develop, implement, maintain, continually update, and administer all aspects of the Bank’s CRA Program. The VP, CRA Officer performs direct supervisory duties for the VP-Compliance Officer and of assigned staff, coordinates staff for coverage in assigned areas of the department, and is required to be fully knowledgeable and skilled in all areas of the department. The Board has designated the VP, CRA Officer to receive Service of Process for Banesco USA.

Primary Job Duties:

• Reports CRA qualifying activities to the Compliance and CRA Committee by identifying all CRA reportable loans. This includes but is not limited to, obtaining all applicable documents and information necessary to qualify loans that are identified as possible Community Development loans, identify and review internal reports that list small business loans, tablulate all residential mortgage loans originated or purchased by the bank to low- or moderate- income borrowers and/or in low- or moderate-income census tracts, tablulate all investments that qualify for CRA as reported by Treasuary Management and tablulate all CRA qualified donations and service hours as reported by CRA Community Relations Director, Accounting and Marketing.

• Works with the Bank’s CRA Community Relations Director to set targets for CRA lending, investment, and service test activities, and creates and maintains reports for progress to goal reporting to the CRA Committee. Works with the Bank’s CRA Community Relations Director to create the Performance Context Report for each exam cycle and conducts periodic self-assessments for CRA performance.

• Reviews the delineation of the bank's CRA assessment areas as needed.

• Prepares monthly reports for presentation to the Consumer Compliance Committee concerning the Bank’s record of CRA compliance.

• Maintains and updates the CRA Public at least annualy or as needed.

• Prepares and submits CRA data annually. Annual submissions must be completed by March 1.

• Assists in the development of new products to ensure that the Bank’s lending programs, deposit products, and other financial services are designed to enable the Bank’s community neighbors to build financial security.

• Advises the Bank’s Senior Management of emerging CRA and HMDA issues to ensure the Bank meets the needs of the community and attains CRA compliance goals.
• Works with the Bank’s approved CRA Community Relations Director to ensure proper updated procedures and regulations are being implemented and followed correctly.
• Assists in any regulatory exam or audit associated with the Community Reinvestment Act (CRA) and may assist in regulatory exams or audits associated with consumer regulatory regulations if needed.

• Works with Branch Operations on proper regulatory CRA and HMDA Public Notices.

• Assists the VP-Consumer Compliance Officer with any deposit and lending monitoring reviews as necessary as well as the monitoring of HMDA requirements.

• Works with the Bank’s CRA Community Relations Director to establish, participate, and maintain relationships with community based, charitable, and non-profit organizations.

• Remains fully knowledgeable, updated, and skilled in all aspects of the CRA and HMDA.

• Reinforces the application of superior customer service through his or her own example along with appropriate follow through with employees; conducts specific periodic meetings and presentations on this topic with all staff members.

• Stays abreast of all Consumer and regulatory changes for maximum results.

• Consistently applies superior decision making techniques pertaining to inquiries, approvals, requests as they apply to existing policies and procedures.

• Assists administration and other Bank personnel on department business to coordinate inter and intra-departmental activities; resolves inquiries or issues relating to CRA/Compliance matters; participates in various internal committees assigned by the Board of Directors.

• Responsible for the development of CRA AND HMDA COMPLIANCE training materials for Banesco USA’s personnel and Management.

• Will execute related tasks assigned by the VP-Consumer Compliance Officer and/or Board of Directors.

• Responsible to develop, review and/or provide responses to Auditors and Regulators, both verbal and/or written, as requested by VP-Consumer Compliance Officer, EVP-Chief Risk Officer, and/or Compliance Committee or Board of Directors.

• Plays a positive role in the development and growth of assigned department staff through excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross-trained staff.

• Processes, solves and answers complex customer transactions, problems or inquiries.

• Treats people with respect; keeps commitments; Inspires the trust of others; works with integrity and ethically; upholds organizational values; accepts responsibility for own actions.

• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.

• Follows policies and procedures; completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the bank through outside activities.

• Performs the position safely, without endangering the health or safety to himself or herself or others, will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

• Must ensure compliance with Banesco USA's Consumer Compliance Programs.

• Must ensure compliance with Banesco USA's Consumer Compliance Programs.

• Responsible for completing annual training program assigned.

• Performs other functions and/or duties as assigned.

Job Requirements:

• Education: Bachelor’s degree in Finance or Business Administration from a four-year college or university and/or a minimum of five years of banking experience with at least ten years in compliance or regulatory management. Certified Regulatory Compliance Manager (CRCM), is preferable.
• Knowledge of Wolters Kluwers, CRA Wiz/SAAS and Kadince, CRA reporting and Management software, preferable. Knowledge of Microsoft Office Suite, is necessary.

• Intermediate experience, knowledge, and training in all operational and lending activities and terminology.

• Advanced knowledge of related state and federal banking compliance regulations, Bank operational policies and procedures, and the Bank’s products and services.
• Advanced Microsoft Office skills, especially with Excel (e.g., pivot tables, v-lookups).
• Ability to work independently and as part of a team.
• Bilingual in both English and Spanish preferably.
• Strong verbal and written communication skills, as well as the ability to communicate at all levels of the organization.
• Strong attention to detail and accuracy.
• Ability to multi-task, with strong organization, time-management, and prioritizing skills.
• Strong customer service skills, ensuring satisfaction of both internal and external customers.
• Ability to be adaptable and flexible to change; comfortable with ambiguity when dealing with new tasks.
• Strong interpersonal skills, working with integrity and ethically, upholding the organizational values.
• Strong presentation skills to all levels of the organization.
• Ability to handle multiple assignments concurrently ensuring timely deliverables.
• Ability to work independently and take initiative in daily tasks ensuring assignments are completed accurately and on time.

Benefits:

• Competitive base salary.
• PTO
• Hybrid Work Model (remote and on-site work)
• Tuition Reimbursement.
• Paid Parental Leave
• Medical, Dental, Vision
• 401k
• Life Insurance
• Supplemental Insurances
• Short-Term & Long-Term Disability

About Us:

Banesco USA is part of Banesco International, a worldwide group of financial institutions with a presence in 14 countries.

As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today’s world. We aim to develop integral human beings, committed to making a difference at the workplace and out in the world.

Our actions are rooted in our Values: Reliability, Responsibility, Quality, and Innovation. We believe that we all have the same ability to transform our daily tasks into significant contributions, and therefore, Leave Our Mark.

At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world. Together, our team has made us a market leader and we invite you to join us.

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