Job Description

Job Description

Job Description

Job Title

AVP, CRA & Consumer Compliance Officer

Banesco USA is seeking an AVP, CRA & Consumer Compliance Officer for our Compliance Business Unit.

Primary Job Duties:

• Reports CRA qualifying activities to the Compliance and CRA Committee by identifying all CRA reportable loans. This includes but is not limited to, obtaining all applicable documents and information necessary to qualify loans that are identified as possible Community Development loans, identifying and reviewing internal reports that list small business loans, tabulating all residential mortgage loans originated or purchased by the bank to low- or moderate- income borrowers and/or in low- or moderate-income census tracts, tabulate all investments that qualify for CRA as reported by Treasury Management and tabulate all CRA qualified donations and service hours as reported by CRA Consultant, Accounting and Marketing.

• Works with the Bank’s CRA Consultant to set targets for CRA lending, investment, and service test activities, and creates and maintains reports for progress to goal reporting to the CRA Committee. Works with the Bank’s CRA Consultant to create the Performance Context Report for each exam cycle and conducts periodic self-assessments for CRA performance.

• Review the delineation of the bank's CRA assessment areas as needed.

• Prepares monthly reports for presentation to the Consumer Compliance Committee concerning the Bank’s record of CRA compliance.

• Maintains and updates the CRA Public at least annually or as needed.

• Prepares and submits CRA data annually. Annual submissions must be completed by March 1.

• Is responsible for ascertaining compliance with the Home Mortgage and Disclosure Act (HMDA). Specifically, identifies reportable loans and ascertains the data integrity of these loans on a quarterly basis, provides training to employees responsible for HMDA reporting when errors are noted, and performs a reconcilement on a quarterly and annual basis to ascertain that all reportable loans are included in the HMDA LAR, coordinates an annual, third-party data integrity review of the HMDA LAR and submits HMDA LAR on an annual basis.

• Assists in the development of new products to ensure that the Bank’s lending programs, deposit products, and other financial services are designed to enable the Bank’s community neighbors.

• Advises the Bank’s Senior Management of emerging CRA and HMDA issues to ensure the Bank meets the needs of the community and attains CRA compliance goals.

• Works with the Bank’s approved CRA Consultant to ensure proper updated procedures and regulations are being implemented and followed correctly.

• Assists in any regulatory exam or audit associated with the Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act (HMDA).

• Works with Branch Operations on proper regulatory CRA and HMDA Public Notices.

• Assists the VP-Consumer Compliance Officer with any deposit and lending monitoring reviews as necessary.

• Works with the Bank’s CRA Consultant to establish, participate, and maintain relationships with community-based, charitable, and non-profit organizations.

• Remains fully knowledgeable, updated, and skilled in all aspects of the CRA and HMDA.

• Stays abreast of all Consumer and regulatory changes for maximum results.

• Assists administration and other Bank personnel on department business to coordinate inter and intra-departmental activities; resolves inquiries or issues relating to CRA/Compliance matters; participates in various internal committees assigned by the Board of Directors.

• Responsible for the development of CRA and HMDA compliance training materials for Banesco USA’s personnel and Management.

• Will execute related tasks assigned by the VP, Consumer Compliance Officer and/or Board of Directors.
• Responsible to develop, review and/or provide responses to Auditors and Regulators, both verbal and/or written, as requested by the VP, Consumer Compliance Officer, EVP-Chief Risk Officer, and/or Compliance Committee or Board of Directors.

• Plays a positive role in the development and growth of assigned department staff through excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross-trained staff.

• Must ensure compliance with Banesco USA's Consumer Compliance Programs.
• Responsible for completing annual training program assigned.
• Performs other functions and/or duties as assigned.

Job Requirements:

• Education: Bachelor’s degree in Finance or Business Administration from a four year college or university and/or a minimum of five years banking experience with at least ten years in compliance or regulatory management. Certified Regulatory Compliance Manager (CRCM), preferable.
• Knowledge of Wolters Kluwers, CRA Wiz/SAAS and Kadince, CRA reporting and Management software, preferable. Knowledge of Microsoft Office Suite, necessary.

• Intermediate experience, knowledge and training in all operational and lending activities and terminology.

• Advanced knowledge of related state and federal banking compliance regulations, Bank operational policies and procedures, and the Bank’s products and services.
• Advanced Microsoft Office skills, especially with Excel (e.g., pivot tables, v-lookups).
• Ability to work independently and as part of a team.
• Bilingual in both English and Spanish preferably.
• Strong verbal and written communication skills, as well as the ability to communicate at all levels of the organization.
• Strong attention to detail and accuracy.
• Ability to multi-task, with strong organization, time-management, and prioritizing skills.
• Strong customer service skills, ensuring satisfaction of both internal and external customers.
• Ability to be adaptable and flexible to change; comfortable with ambiguity when dealing with new tasks.
• Strong interpersonal skills, working with integrity and ethically, upholding the organizational values.
• Strong presentation skills to all levels of the organization.
• Ability to handle multiple assignments concurrently ensuring timely deliverables.
• Ability to work independently and take initiative in daily tasks ensuring assignments are completed accurately and on time.

Benefits:

• Competitive base salary.
• PTO
• Hybrid Work Model (remote and on-site work)
• Tuition Reimbursement.
• Paid Parental Leave
• Medical, Dental, Vision
• 401k
• Life Insurance
• Supplemental Insurances
• Short-Term & Long-Term Disability

About Us:

Banesco USA is part of Banesco International, a worldwide group of financial institutions with a presence in 15 countries.

As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today’s world. We aim to develop integral human beings, committed to making a difference at the workplace and out in the world.

Our actions are rooted in our Values: Reliability, Responsibility, Quality, and Innovation. We believe that we all have the same ability to transform our daily tasks into significant contributions, and therefore, Leave Our Mark.

At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world. Together, our team has made us a market leader and we invite you to join us.

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