CRA Officer Job at First Federal Bank, Lake City, FL

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  • First Federal Bank
  • Lake City, FL

Job Description

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Full-Time

Duties and Responsibilities: • Monitor policies, procedures and practices to ensure adherence to the technical requirements applicable to CRA reporting requirements.
• Periodic review of Bank's assessment area to ensure reasonableness of the delineation. This includes reviewing branch distribution in the Bank’s assessment area.
• Update CRA Public File annually by April 1st.
• Oversee and coordinate CRA Committee meetings.
• Ensure CRA qualified investments and donations, HMDA, small business and farm loans, flexible lending programs, community development loans and employee volunteer hours are appropriately documented for reporting. This includes updating the CRA landing page.
• 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 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 identify and recommend CRA qualified investment opportunities.
• Maintain and report key performance indicators used to monitor the Banks' CRA performance against established benchmarks.
• Monitor policies, procedures and practices to ensure adherence with federal and state regulations related to CRA, including ensuring functions performed by vendors are effectively tested.
• Annually perform CRA self-assessment to update the CRA Performance Context and identify potential risk areas through statistical analysis and review using the CRA software application.
• Prepare monthly reports for presentation to the Board concerning the Bank’s record of CRA compliance.
• Ensure compliance with the CRA data collection, reporting, and disclosure requirements, including conducting CRA data integrity reviews amongst all lines of business.
• Prepare and submit CRA data annually. Annual submissions must be completed by March 1st.
• Visit branch locations periodically to promote CRA activity awareness and involvement.
• Perform CRA training for all lines of business at least annually.
• Monitor regulatory developments and coordinate regulatory changes within affected lines of business and ensure that changes and controls are implemented to facilitate regulatory compliance.
• Maintain applicable risk assessments to include annual review and recommended updates based on regulatory, industry, and Bank changes.
• Serve as the primary Bank liaison for CRA audits and exams.
• Serve as a resource and be available to answer general compliance questions from employees in all lines of businesses.
• Responsible for adherence to First Federal’s Code of Professional Ethics and Conduct as well as observing and promoting compliance with the Code among fellow bank personnel, customers, and vendors.

Job Requirements: • Associate’s or Bachelor’s degree preferred.
• Minimum of 5 years in regulatory compliance of banking laws and regulations or other related experience.
• Strong knowledge of state and federal banking laws and regulations, specifically: HMDA, ECOA, FHA, SCRA, UDAAP and other laws.
• Strong understanding of bank systems and processes; strong computer knowledge; excellent MS Word, Excel, and PowerPoint skills. Working knowledge of automated CRA and Fair Lending software a plus.
• Data analysis experience a plus.

Bilingual candidates encouraged to apply.

Job Tags

Full time, Flexible hours,

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