Community Reinvestment Act (Cra) Compliance Officer I
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Overview
Job Description
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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Facilitate the administration of Truist's Community Reinvestment Act ("CRA") compliance and performance. Ensure applicable laws and regulations are met by transactional testing and ongoing internal assessments of the institution's CRA performance. Provide compliance guidance to internal management based on analysis and interpretation of the regulation and Truist's CRA performance.
Position has in office expectations and must sit in one of the Truist HUB locations in Charlotte, NC, Atlanta, GA, Winston Salem, NC, Raleigh, NC or Orlando, FL.*
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Maintain a high-level of knowledge concerning the CRA regulation.
Research demographic, political and economic variables to support and qualitatively assess Community Development loans, services, and qualified contributions / investments.
Conduct research on market conditions, risks, and trends to maximize the qualitative aspect of Community Development efforts.
Identify key risk assessment areas in the bank's CRA and HMDA performance and retail distribution; participate in remediation efforts, as applicable.
Conduct ongoing and ad hoc assessments of the bank's CRA performance to update internal and Business Unit leadership on projected CRA Rating.
Communicate with internal and external clients regarding performance assessments; disseminate reports detailing progress and gaps.
Serve as subject matter expert for associate inquiries regarding CRA technical compliance, internal reporting systems, and the Bank's CRA performance.
Fulfill requests based on regulatory compliance from the public for information from the CRA Main Office Public File.
Develop, update, and maintain a Procedures Manual for all established processes.
Provide training to less experienced teammates and may be responsible for specific programs/functions.
QUALIFICATIONS
Required Qualifications: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor's degree in business or comparable field, or equivalent education and related training
2 years of experience in Banking, Audit or Compliance
Demonstrated ability to handle multiple priorities under time constraints
Well-organized with keen attention to detail
Strong writing skills
Preferred Qualifications:
Detailed understanding of Community Development, CRA, and HMDA regulations
Strong conceptual problem-solving skills including ability to organize, direct and perform highly complex analysis
Experience with CRA compliance software
Knowledge and understanding of bank's computer systems and database applications
Strong verbal and written communication skills
OTHER JOB REQUIREMENTS / WORKING CONDITIONS
Sitting / Standing / Walking / Bending / Lifting
Able to sit for extended periods of time and periodically move about during the work day.
Visual / Audio / Speaking
Able to access and interpret client information received from the computer and be able to hear and speak with individuals in person and on the phone
Manual Dexterity / Keyboarding
Able to work standard office equipment, including PC keyboard and mouse, copy/fax machines, and printers.
Mental
Able to focus, interpret information logically to solve problems, and answer customers' questions appropriately.
Availability
Able to work all hours scheduled, including overtime as directed by manager/supervisor and required by business need.
Travel
Minimal and up to 10%
Physical Conditions / Environment
Normal office environment where there is little or no discomfort due to temperature, dust, noise, or other disagreeable elements.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
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