Responsible for the technical expert who is reliable and knowledgeable resource for Community Reinvestment Act (CRA) reporting requirements. Own the end-to-end CRA data lifecycle: collection, geocoding, aggregation, validation. Will assist with ensuring the Bank meets the regulatory requirements of a large institution in compliance with the Community Reinvestment Act (CRA) through the review and validation of CRA data.WHAT WILL YOU DO?Reviews loan files and validate accuracy and completeness of data collected for CRA regulatory reporting purposeReview community development loans by gathering information, conducting demographic, economic, and market research to determine eligibility.Use CRA Wiz or RiskExec tool to oversee the process and management of data received from assigned CRA data reporting lines of businesses.Log and track data issues detected during monthly processing and data integrity reviews and work to address and resolve issues with LOB and Technology department (TECH)Prepare timely reports on data errors and process deficiencies for distribution to LOB management. Analyze data errors to determine trends and monitor corrective actions to measure performance and responsiveness by business units.Work with the lines of business (LOBs) to improve data quality and integrity through the accurate data collection processes and sound operational controls to mitigate risks.Support the annual submission for a complete and accurate CRA Loan Registers (LRs) to the appropriate regulatory agency.Project design and management, coordinating on behalf of the CRA Department with internal stakeholders.Exercise both thought leadership and initiative in developing and leading the bank’s efforts to implement changes to the CRA program in response regulatory requirements.Stay abreast of CRA related regulatory changes and assist in implementation of requirements for the relevant line of business.WHAT DO YOU NEED TO SUCCEED?Required QualificationsBachelor's Degree or equivalent Economics, Statistics, quantitative research, or a related field7+ years of experience or Compliance function.Additional QualificationsDeep knowledge of Regulation BB (CRA), HMDA/Regulation C, and CRA data collection requirementsSupport OCC examination requests by producing accurate data extracts, assessment area analyses, and lending distribution tablesTrack regulatory changes to CRA data collection and reporting requirements (e.g., interagency Q&A updates, CRA modernization rule changes) and update processes accordinglyExperience in a cross- functional environment working with various consumer and commercial products.Knowledge of CRA reporting software (e.g., Wiz, RiskExed) and designing reports in database such as Tableau.Some knowledge of 1071 RuleProficient with Microsoft office products, such as Word, Excel, PowerPoint and Outlook.Strong attention to detail.Strong verbal and written communication skills.Strong time management, organizational, analytical, and problem-solving skills; attention to detail.Ability to work in a team environment, ability to multi-task and to be flexible.Knowledge of Compliance risk framework.Benefits and PerksBenefitsComprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start dateGenerous 401(k) company matching contributionCareer Development through Tuition Reimbursement and other internal upskilling and training resourcesValued Time Away benefits including vacation, sick and volunteer timeSpecialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programsCareer Mobility support from a dedicated recruitment teamColleague Resource Groups to support networking and community engagementAbout UsSince day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
5 days ago