Apply on Employer Site

Alliant Credit Union · 1 week ago

Lead CRA Advisor

Chicago, IL

Full-time

Hybrid

Senior Level, Lead/Staff

$93K/yr - $144K/yr

8+ years exp

Alliant Credit Union is seeking a Lead CRA Advisor to develop, implement, and maintain elements of their Fair & Responsible Banking program. The role involves serving as a subject matter expert on regulatory compliance, providing guidance to business lines, and ensuring adherence to consumer protection laws.

Financial Services

Responsibilities

Serve as subject matter expert for IL CRA on regulatory compliance, interpret existing and emerging laws, regulatory communications, and enforcement actions to determine the potential impact on various LOBs and vendors

Provide guidance to the LOBs to support achieve IL CRA credit for activities such as consumer lending, residential lending, community development lending, investments, and services

Provide strategic guidance to leaders to optimize and refine processes to comply with IL CRA requirements and drive the expansion and development of the IL CRA program

Lead and manage complex projects and refine processes to strengthen performance in alignment with IL CRA requirements

Analyze lending data for residential, consumer, and commercial to determine if it meets regulatory requirements of the IL CRA and assess areas to improve and provide a better service

Generate reports through CRA wiz, integrate different data sets, build out assessments areas, input data fields, create layered maps, and use report insights to identify enhancement opportunities

Develop written reports and advisory memos to guide, influence, and persuade management, risk partners, and LOB on key IL CRA issues to communicate IL CRA compliance requirements

Supervise, track, and report on LOBs progress toward key lending metrics, and develop tools to ensure IL CRA activities are tracked, analyzed, and modified for ongoing compliance

Partner with the LOBs to identity community development lending opportunities and qualified IL CRA volunteer activities

Collaborate with LOBs to guide the development of retail banking services and products that serve the underbanked and underserved population within the defined assessment area

Advise leaders and LOB's on IL CRA and F&RB initiatives, projects, third-party vendor relationships, ad hoc questions, ensure alignment with consumer protection laws and regulations

Assess IL CRA risks and prepare annual risk assessments from an organizational, LOB, and product and life cycle standpoint

Qualification

IL CRA expertiseFederal CRA knowledgeHMDA complianceECOA understandingData analysisCRCM certificationProject managementCommunication skillsTeam collaboration

Required

Develop, implement and maintain elements of Fair & Responsible Banking (“F&RB”) program

Maintain current knowledge of applicable state and federal consumer protection laws and regulations with focus on the Illinois CRA (IL CRA) and HMDA, but may also include elements of ECOA, ADA, MLA, FCRA, FDCPA, FHA, SCRA, and Dodd-Frank as it relates to fair lending and UDAAP

Act as the subject matter expert (SME) for second line of defense, advise the first line of defense (1LOD), lines of business (LOB), and risk partners to ensure policies, procedures, products, and services remain compliant with evolving laws and regulations

Serve as the Illinois Community Reinvestment Act (CRA) SME for regulatory exams, compliance testing reviews, compliance risk assessments, and audits