Compliance Officer - CRA and Fair Lending

The CO is responsible for performing analysis and reviews to ensure compliance with the Community Reinvestment Act, aiding the MCO in maintaining Satisfactory or better Community Reinvestment Act regulatory ratings; and administering the Compliance management strategy.

Compliance Management

Maintain an ongoing monitoring program which will provide management with timely information about the Bank's CRA compliance position and gaps, if any, in CRA delivery, marketing, and outreach regarding the Bank's services, products, and investments to allow management to modify its goals and activities as required to maintain a Satisfactory CRA compliance rating
• Perform complex analysis of CRA and Fair Lending data, reporting and documentation, in accordance with department and professional standards, to ensure the Bank is meeting requirements; perform periodic CRA self-assessments to identify potential risk areas through statistical analysis, redlining review and the use of the fair lending software application
• Maintain records of CRA qualified products delivered, loans applied for and granted, and services provided within the CRA assessment area to facilitate periodic review of the bank's CRA compliance level and CRA performance
• Prepare materials, facilitate, and record minutes for department-led meetings, including Compliance Committee and CRA & Fair Lending meeting
• Serve as CRA Officer
• Develop and provide guidance on the execution of the annual CRA performance plan
• Maintain and report key performance indicators used to monitor the Bank's CRA performance against prior performance or established benchmarks
• Maintain and deliver reports to the Board concerning the Bank's record of CRA Compliance
• In collaboration with Marketing, Lending and Retail, support development of community outreach opportunities and identify CRA pertinent needs of our assessment area
• In collaboration with Compliance Officer Lending, Retail, & Marketing, support development of sound loan programs designed to meet the credit and housing needs of the Bank's communities
• Support 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 purchase businesses and build financial security
• Collaborate with management to confirm CRA qualified investment opportunities
• Monitor policies, procedures, practices, and vendors (including vendor testing?) to ensure adherence with federal and state regulations related to CRA.
• Develop and deliver (and/or coordinate development and delivery) of CRA training to bank staff for their CRA activities
• Prepare, including collation of bank wide responsive materials, and deliver reporting and responses to regulatory entities
• Assist with data collection for Compliance, Fraud & Security, and BSA Risk Assessments
• Develop and maintain a broad knowledge of the Bank's policies and procedures necessary to identify deviations from policy and recommend appropriate modifications
• Using information from Compliance Officer (Lending, Retail & Marketing) analyze and update monitoring programs in response to pending and new regulatory changes and their impact on the Bank
• Develop and maintain a broad knowledge of regulatory requirements to perform assigned tasks at an appropriate level
• Recommend and effect updates to policies and procedures, as needed

Regulator & Exam Management

• Actively support Manager of Compliance Operations in the coordination and management of all Bank regulatory exams
• Manage exam document collection process at the direction of the Manager of Compliance Operations
• Serve as day to day operational manager with FDIC, Pennsylvania Department of Banking and Securities, FRB (to extent required) and other regulatory entities with oversight of the institution
• Prepare for review and approval by Manager of Compliance Operations, Executive Leadership, or Board, as applicable, regulatory exam or other oversight responses, updates and cyclical reporting

Training

• In collaboration with Manager of Compliance Operations deliver or manage delivery of CRA and Fair Lending related training curriculum for Board, executives, and team members based on roles and responsibilities

Governance

• Prepare, including collation of bank wide responsive materials, and deliver Management Committee, Board Committee, and Board materials, as needed

Record retention

• Manage record retention policy and program; review and research to update the policy as necessary

Model Validation

• Perform or oversee outsourced Model Risk Management for the department's models: Verafin, CRA & Fair Lending Wiz, and CLEAR

Education and Experience

• Minimum 3 years audit and/or compliance industry experience required
• Bachelor's degree in Business or related field preferred

• Experience with Encompass, preferred
• Experience with CRA Wiz, preferred
• CRCM certification preferred, but may also work toward attaining such.

Skills and Competencies

• Broad knowledge of banking regulations pertaining to Lending, Marketing, and Retail Operations
• Knowledge of Bank policies and procedures in lending, deposit operations, and branch operations, and compliance requirements of marketing and disclosures
• Strong Analytical skills
• Ability to prioritize tasks and manage multiple projects at one time
• Ability to interact effectively with all levels of staff and management
• Excellent interpersonal skills
• Strong problem solving skills
• Effective oral and written communication skills
• Willingness to work flexible hours if necessary
• Ability to work with a diverse group of professionals
• Advanced computer skills utilizing Microsoft Word and Excel

Working Conditions

Traditional office environment with ability to work remotely on a hybrid basis; the office maintains five day a week operations (Monday - Friday) with operational hours of 8:00am - 5:00pm. Must be available to attend events on evenings and weekends as necessary.

Physical Demands

Penn Community promotes an equal opportunity workplace, which includes reasonable accommodations of otherwise qualified disabled applicants and employees. Please contact Human Resources with questions regarding the physical demands of this position.

• Lifting/carrying up to 10 lbs.
• Manual dexterity for computer work
• Speaking, hearing, and vision are required to perform essential functions

Equal Employment Opportunity

It is the policy of Penn Community to provide equal employment and advancement opportunities to all individuals. For this reason, employment decisions at Penn Community will be based on merit, qualifications, and abilities. Except where required or permitted by law, employment practices will not be influenced or affected by an applicant's or Team Member's race, color, religion, sex, national origin, age, sexual orientation, physical or mental disability, veteran status, or any other characteristic protected by law.