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Fair and Responsible Banking Officer

Northwest Bank Warren, PA, PA Full-Time
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This position is responsible for:


  • Developing, coordinating, scheduling and implementing an enterprise wide fair banking initiatives commensurate with the size and complexity of the organization
  • Strategic understanding of primary regulations including the Equal Credit Opportunity Act, Fair Housing Act, Fair Credit Reporting Act, Community Reinvestment Act, Home Mortgage Disclosure Act, Service Members Relief Act, Unfair and Deceptive Abusive Acts or Practices to bolster the Bank’s CRA and Fair Lending activities
  • Informing the Chief Compliance Officer of changes in relevant laws and regulations pertaining to fair lending, UDAAP, community reinvestment and other fair banking laws and regulations
  • Developing and submitting proposed policies on fair banking, fair lending, resolution complaint management, UDAAP risk management and community reinvestment issues for consideration by the Chief Compliance Officer and Board of Directors
  • Developing and preparing procedures to implement policies adopted for fair banking, fair lending, resolution management, UDAAP risk management and community reinvestment
  • Develop and administer enterprise compliance communications plan
  • Promote culture of compliance in conjunction with strategy objectives of CCO and senior management and Board of Directors
  • Develop and ensuring an adequate fair banking training program is maintained which includes far lending, UDAAP, CRA and diversity
  • Develop and implement strategies to oversee the Bank’s Fair and Equal treatment of lending products and services
  • Develop and maintain a monitoring plan for Northwest’s  adherence to fair banking regulations
  • Proactively provide consultative compliance guidance to business line managers
  • Assist CCO in reviewing Marketing materials, internal and external for regulatory compliance for all operating units including insurance, brokerage and trust
  • Other regulatory compliance functions as the organization may prescribe
  • Perform the duties of the CRA Officer including:
    • Develop and implement strategies to oversee the Bank’s Community Reinvestment Act program in an efficient cost effective manner
    • Develop efforts and provide guidance to management to maintain at least a satisfactory CRA performance rating from our prudential regulator regarding CRA examinations
    • Indirectly manage efforts of Regional Presidents and their teams to align goals regarding community efforts including grants to assure maximum CRA credit
    • Manage Northwest Charitable Foundation Funds allocated to CRA Officer to assure 100% qualifying grants
    • Develop, implement, communicate and manage CRA investment strategy with Corporate Treasurer
    • Develop, implement, communicate and monitor strategies to reduce reasonable expected market area risk with Chief Retail Loan Officer regarding LMI and diversity in the mortgage and consumer loan products
    • Develop, implement, communicate and monitor strategies to improve and enhance LMI and diversity inclusion for the Bank’s products and services
    •  Coordinate CRA and Fair Banking activities throughout the Bank’s footprint and among the various operating units of the Bank
    • Responsibly budget CRA resources including both monetary and human resources to maximize efforts
  • Working as part of a team
  • Working with onsite equipment


PREFERRED EDUCATION, TRAINING AND EXPERIENCE: 4 year business related degree preferred, thorough understanding of regulatory compliance regulations and Federal agency guidance documents,  8 years Compliance / business related experience essential, national regulatory compliance certification, 4 years customer service experience preferred


 


NEW HIRE EXCEPTIONS AND REQUIREMENTS:  CRCM certification or professional equivalent.  If an individual has 3+ years of experience within a compliance role within the Company when being placed in this position, he or she will have 3 months to acquire their CRCM certification. New hires or individuals with less than 3 years of experience will have up to 39 months within a compliance role within the Company to acquire their CRCM certification.




  • This position is responsible for:

    • Developing, coordinating, scheduling and implementing an enterprise wide fair banking initiatives commensurate with the size and complexity of the organization
    • Strategic understanding of primary regulations including the Equal Credit Opportunity Act, Fair Housing Act, Fair Credit Reporting Act, Community Reinvestment Act, Home Mortgage Disclosure Act, Service Members Relief Act, Unfair and Deceptive Abusive Acts or Practices to bolster the Bank’s CRA and Fair Lending activities
    • Informing the Chief Compliance Officer of changes in relevant laws and regulations pertaining to fair lending, UDAAP, community reinvestment and other fair banking laws and regulations
    • Developing and submitting proposed policies on fair banking, fair lending, resolution complaint management, UDAAP risk management and community reinvestment issues for consideration by the Chief Compliance Officer and Board of Directors
    • Developing and preparing procedures to implement policies adopted for fair banking, fair lending, resolution management, UDAAP risk management and community reinvestment
    • Develop and administer enterprise compliance communications plan
    • Promote culture of compliance in conjunction with strategy objectives of CCO and senior management and Board of Directors
    • Develop and ensuring an adequate fair banking training program is maintained which includes far lending, UDAAP, CRA and diversity
    • Develop and implement strategies to oversee the Bank’s Fair and Equal treatment of lending products and services
    • Develop and maintain a monitoring plan for Northwest’s  adherence to fair banking regulations
    • Proactively provide consultative compliance guidance to business line managers
    • Assist CCO in reviewing Marketing materials, internal and external for regulatory compliance for all operating units including insurance, brokerage and trust
    • Other regulatory compliance functions as the organization may prescribe
    • Perform the duties of the CRA Officer including:
      • Develop and implement strategies to oversee the Bank’s Community Reinvestment Act program in an efficient cost effective manner
      • Develop efforts and provide guidance to management to maintain at least a satisfactory CRA performance rating from our prudential regulator regarding CRA examinations
      • Indirectly manage efforts of Regional Presidents and their teams to align goals regarding community efforts including grants to assure maximum CRA credit
      • Manage Northwest Charitable Foundation Funds allocated to CRA Officer to assure 100% qualifying grants
      • Develop, implement, communicate and manage CRA investment strategy with Corporate Treasurer
      • Develop, implement, communicate and monitor strategies to reduce reasonable expected market area risk with Chief Retail Loan Officer regarding LMI and diversity in the mortgage and consumer loan products
      • Develop, implement, communicate and monitor strategies to improve and enhance LMI and diversity inclusion for the Bank’s products and services
      •  Coordinate CRA and Fair Banking activities throughout the Bank’s footprint and among the various operating units of the Bank
      • Responsibly budget CRA resources including both monetary and human resources to maximize efforts
    • Working as part of a team
    • Working with onsite equipment

Recommended skills

Lending Products
Insurance
Mortgage Loans
Equal Credit Opportunity Act
Banking
Scheduling
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