Community Reinvestment Act (CRA) Compliance Officer
Are you passionate about making a positive impact in your community through responsible and equitable financial practices? Do you have a strong understanding of the Community Reinvestment Act (CRA) and its importance in promoting fair lending and investment opportunities for underserved communities? If so, Truist Financial is seeking a highly qualified and dedicated individual to join our team as a CRA Compliance Officer. In this role, you will play a vital role in ensuring our organization's compliance with the CRA and its regulations, while also fostering meaningful relationships with community organizations and promoting financial inclusion. Our ideal candidate will possess a strong knowledge of CRA regulations, excellent communication skills, and a genuine commitment to promoting economic growth and stability in our communities.
- Ensure compliance with the Community Reinvestment Act (CRA) and its regulations within the organization.
- Develop and implement CRA compliance policies and procedures in alignment with regulatory requirements.
- Conduct regular reviews and audits to assess the organization's CRA compliance and identify any potential areas of improvement.
- Collaborate with various departments and stakeholders to ensure CRA compliance is integrated into all business practices and decisions.
- Serve as a subject matter expert on CRA regulations and provide guidance and support to internal teams.
- Foster relationships with community organizations to identify and evaluate community development opportunities that align with CRA goals.
- Monitor and report on the organization's CRA performance and progress towards meeting its CRA goals.
- Stay updated on any changes in CRA regulations and guidelines and ensure timely implementation of any necessary updates or changes.
- Educate and train employees on CRA regulations and their role in promoting fair lending and investment practices.
- Act as a liaison between the organization and regulatory agencies regarding CRA compliance.
- Develop and maintain a positive reputation and strong partnerships within the community by promoting the organization's commitment to responsible and equitable financial practices.
- Maintain accurate and organized records of CRA compliance activities and reports.
- Continuously assess and improve the organization's CRA compliance program to ensure it remains effective and in line with regulatory requirements.
- Participate in industry conferences and events to stay informed about best practices and emerging trends in CRA compliance.
Knowledge Of Cra Regulations And Guidelines: A Cra Compliance Officer At Truist Financial Should Have A Thorough Understanding Of The Community Reinvestment Act And Its Requirements. This Includes Knowledge Of The Cra Examination Process, Reporting Requirements, And Best Practices For Compliance.
Experience In Banking Or Financial Services: Candidates For This Role Should Have Previous Experience Working In The Banking Or Financial Services Industry. This Experience Helps The Compliance Officer Understand The Operations And Processes Of A Financial Institution And How They Relate To Cra Compliance.
Strong Analytical And Problem-Solving Skills: A Key Aspect Of This Role Is Analyzing Data And Identifying Potential Gaps In Cra Compliance. The Ideal Candidate Should Have Strong Analytical Skills And The Ability To Solve Complex Problems Related To Cra Compliance.
Communication And Collaboration Skills: As A Cra Compliance Officer, You Will Need To Work Closely With Various Teams Within The Organization, Including Lending, Marketing, And Community Outreach Teams. Therefore, Strong Communication And Collaboration Skills Are Essential For This Role.
Attention To Detail And Organizational Skills: A Cra Compliance Officer Must Be Detail-Oriented And Have Excellent Organizational Skills To Ensure That All Cra-Related Activities And Reporting Are Accurate And Timely. This Includes Maintaining Records, Tracking Progress, And Identifying Areas For Improvement.
Research
Project Management
Data Analysis
Communication
Reporting
Community Outreach
Risk assessment
Regulatory compliance
Policy Development
Legal Knowledge
Audit Preparation
Training And Education
Communication
Emotional Intelligence
Leadership
Time management
Interpersonal Skills
creativity
Teamwork
collaboration
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Community Reinvestment Act (CRA) Compliance Officer in Charlotte, NC, USA is between $69,000 and $112,000 per year. This range can vary depending on factors such as experience, education, and the size and location of the company. Some companies may also offer bonuses and other benefits as part of the total compensation package for this role.
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Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks.
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