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TBK Bank, SSB · 1 week ago

VP, Fair Lending and CRA Officer

Dallas, TX

Full-time

Onsite

Mid, Senior Level

5+ years exp

TBK Bank, SSB is seeking a VP, Fair Lending and CRA Officer to enhance their fair lending and CRA programs. This role involves collaborating with management and community organizations to ensure compliance with regulations and improve strategies for community engagement and lending practices.

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Responsibilities

Research, analyze and interpret all applicable federal and state regulations related to fair lending and CRA, keeping abreast of emerging issues and regulatory perspectives, and communicate to management changes or controls that might need to be implemented to facilitate the Bank’s regulatory compliance

Coordinate with Credit Compliance Officer on related policies, procedures, and practices and perform routine data integrity reviews and implement changes to enhance existing fair lending and CRA policies processes and procedures when necessary

Effectively partner with and collaborate with cross-functional leadership to reach alignment on fair lending and CRA strategies, as well as support execution of agreed upon strategies. Be able to evaluate new products to understand potential impact to fair lending and CRA strategies and provide pro-forma reporting, as needed, to be considered for new product roll-outs

Actively pursue community development lending, investments, and service opportunities within the Bank’s footprint. Cultivate relationships with community based, charitable, and non-profit organizations to aid in the identification of these opportunities

Prepare, audit, and submit applicable CRA data to FFIEC by March 1 of each year

Maintain the Bank’s CRA Public File by April 1 of each year

Oversee fair lending risk assessments and monitoring systems in conjunction with enterprise Compliance team and Credit Compliance Officer

Monitor and evaluate lending practices to prevent discriminatory practices including redlining. Analyze banking data to identify potential disparities or redlining concerns

Consider impacts of CRA compliance on the fair lending program and vice versa

Prepare periodic fair lending and CRA reports for management and CRA Committee to aid in evaluation of the Bank’s program and management’s ability to make informed strategic decisions in support of fair lending and CRA goals. Present to Executive Loan Committee on a period basis and CRA Committee on a semi-annual basis

Conduct a periodic CRA Self-Assessment to identify potential risk areas through peer analysis and redlining review and to ensure the Bank’s alignment with the CRA goals set by the Board of Directors and CRA Committee

Serve as the liaison for handling fair lending or CRA complaints and assist in issuing a response to those complaints

Develop and update the CRA Performance Context to be utilized for the triennial CRA Performance Evaluation by the FDIC

Participate in regulatory examinations and audits and respond timely and accurately to regulatory inquiries and examination findings

Develop remediation plans when compliance issues are identified

Keep staff and Board updated on regulatory changes and compliance requirements, including developing and deploying periodic training, as appropriate

Provide guidance on fair lending and CRA issues to business units

Perform other duties as assigned

Qualification

Fair Lending KnowledgeCRA ComplianceRegulatory AnalysisBanking Compliance ExperienceData AnalysisMicrosoft Office SuiteInterpersonal SkillsPresentation SkillsCollaboration Skills

Required

Bachelor's degree is required

5+ years' experience in banking compliance, fair banking, or related field

Strong knowledge of the Community Reinvestment Act and regulatory requirements

An extensive knowledge of bank regulations, operations, lending and accounting principles

Advanced written, oral, and interpersonal skills with ability to prepare and present technical presentations and educate Bank staff

Demonstrated ability to actively and effectively interact with the Bank's regulators, the Board of Directors, and management in other areas of the Bank

Ability to prioritize heavy workloads and meet time sensitive deadlines

Strong collaboration/cooperation skills

Intermediate skills using Microsoft Office Suite

Experience and good judgment to plan and accomplish goals with a high degree of creativity and autonomy expected

Manage competing priorities under tight deadlines