CRA & Community Development Reporting Officer

The CRA & Community Development Reporting Officer supports the Bank’s Community Reinvestment Act (CRA) program second line efforts by assisting the Director of CRA and Fair Banking (Director) primarily in matters relating to collection, aggregation, and qualification of Community Development (CD) loans, investments, donations, and services.

Similarly, the Officer is responsible for the validation of the CRA small business register.

Additionally, the incumbent is responsible for keeping current with banking regulations, laws, and best practices in the area of CRA; facilitating regulatory examinations; providing guidance to business units primarily on CD reporting; keeping policies and procedures current; conducting compliance monitoring and/or reviews; and preparing reports to executive management and or sub-committees thereof, such as the CRA Committee.

PRIMARY RESPONSIBILITIES includes the following.

Other duties may be assigned:


* Assist the Director in developing and executing processes designed for the collection and reporting of required data under the CRA, including loans, deposits, investments, donations and services.


* Assist the Director in keeping abreast of CRA reporting laws and regulations, monitor changes in laws, regulations and examination trends through external regulatory services. 


* Responsible for reporting reviews of business unit policies and procedures as related to the Director. 


* Assume responsibility for tracking and reporting of bank employee volunteer activities, with particular emphasis on CD qualified services


* Conducts ongoing compliance monitoring and in-depth file testing of CD loans.


* Assists in review and updating of risk assessments related to CD performance to identified findings or process deficiencies. 


* Under the advisement of the Director, serves as the primary liaison between the bank and 3rd party vendors relating to CD reporting software. 


* Assist with regulatory examinations and internal and/or external audit requests, including requesting and preparing materials, arranging logistics, coordinating meetings, facilitating communication; and developing responses.


* Assist in the preparation of presentations (both verbal and written) and give presentations to internal and external risk stakeholders (e.g., FDIC, Massachusetts Division of Banks, and Internal Audit) during relevant reviews 


* Participate in Fair and Responsible Banking Committee Meetings – serve as the CRA Department representative in presenting aspects of CD reporting at meetings. 


* Build and maintain relationships with key stakeholders and business partners and maintain open communications with assigned business unit managers and regional teams 


* Engage with external community and trade groups, which may include serving on the board or directors/trustees.


* Perform community development service hours on behalf of the bank.


* Periodically attend s...