Comerica Bank

Community Reinvestment Act Analytical Lead

Comerica Bank

Dallas, TX, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Comerica Bank is seeking a highly motivated and experienced individual to join our team as the Community Reinvestment Act (CRA) Analytical Lead. As a leader in the banking industry, Comerica is committed to providing equal access to financial services and investing in the communities we serve. In this role, you will have the opportunity to make a meaningful impact by ensuring compliance with the CRA and identifying opportunities for community development. We are looking for a passionate and analytical individual with a strong understanding of the CRA and its regulations. If you are dedicated to promoting economic growth and social responsibility, and possess the qualifications outlined below, we encourage you to apply for this exciting opportunity.

  1. Develop and implement strategies to ensure compliance with the Community Reinvestment Act (CRA) and its regulations.
  2. Conduct thorough analysis of community data and market trends to identify potential opportunities for community development.
  3. Collaborate with internal departments and external stakeholders to develop and maintain strong relationships within the community.
  4. Monitor and evaluate the impact of CRA activities and make recommendations for improvement.
  5. Serve as the subject matter expert on CRA regulations and provide guidance and training to colleagues and stakeholders.
  6. Prepare and submit reports to regulatory agencies to demonstrate compliance with the CRA.
  7. Stay current on changes and updates to the CRA and communicate any relevant information to the team.
  8. Develop and maintain internal policies and procedures related to the CRA.
  9. Participate in community outreach and engagement activities to promote awareness and understanding of the CRA.
  10. Foster a culture of social responsibility and community investment within the organization.
Where is this job?
This job is located at Dallas, TX, USA
Job Qualifications
  • Bachelor's Or Master's Degree In A Relevant Field, Such As Finance, Economics, Or Business Administration.

  • Minimum Of 5 Years Of Experience In Community Development Or Community Reinvestment, Preferably In A Banking Or Financial Services Environment.

  • Strong Understanding Of The Community Reinvestment Act And Related Regulations, As Well As Experience With Compliance And Reporting Requirements.

  • Excellent Analytical And Quantitative Skills, With Experience In Data Analysis And Reporting To Assess The Impact Of Community Development Initiatives.

  • Demonstrated Leadership And Project Management Experience, With The Ability To Coordinate And Drive Cross-Functional Teams To Achieve Community Reinvestment Goals.

Required Skills
  • Financial Analysis

  • Strategic Planning

  • Project Management

  • Team Management

  • Report Writing

  • Community Outreach

  • Research skills

  • Risk assessment

  • Data Interpretation

  • Problem-Solving

  • Regulatory Knowledge

  • Compliance Expertise

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Attention to detail

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Community Reinvestment Act Analytical Lead in Dallas, TX, USA is $80,000 - $120,000 per year. This may vary depending on the specific company, level of experience, and additional skills and qualifications.

Additional Information
Comerica Bank is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedApril 8th, 2024
Apply BeforeMay 22nd, 2025
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About Comerica Bank

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

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