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Columbia Bank New Jersey · 3 weeks ago

SVP, Community Development and CRA Officer

Fair Lawn, NJ

Full-time

Hybrid

Senior Level, Lead/Staff

$163K/yr - $245K/yr

10+ years exp

Columbia Bank New Jersey is focused on community development and compliance with banking regulations. The SVP, Community Development and CRA Officer will ensure adherence to the Community Reinvestment Act while developing new business and maintaining relationships with community leaders.

BankingFinancial ServicesMortgage

Responsibilities

Maintains proficiency in the use of the Bank’s compliance software to track and evaluate all HMDA lending, small business lending and community development activity

Conducts quarterly analysis to monitor and present on the Bank’s CRA performance and compliance

Conducts self-exams to determine level of compliance as it relates to lending, service and investment performance

Researches and recommends special lending programs for housing, construction, purchase, rehabilitation, small and minority businesses and industrial development, particularly in low/moderate areas

Develops and monitors the Bank’s CRA strategy

Annually reports HMDA and Small Business data to federal government

Chairs the CRA Committee Meetings

Prepares CRA reports and presents them directly to the Board of Directors on a quarterly basis

Annually updates the Performance Context with the latest market conditions and trends

Serves as a direct liaison to OCC CRA examiners and provides direct assistance as required. Ensures the CRA examination is carried out in a timely and accurate manner

Develops new business in community development target markets

Represents Columbia at various civic and community functions for the purpose of enhancing the Bank’s image in the community

Identifies opportunities for the Bank to provide low-cost housing in low to moderate income areas through special grants and low-rate loan programs

Works with Commercial Lenders, Business Development Officers, Branch staff, and others to increase visibility in targeted markets

Oversees the Columbia Bank employee volunteer program 'Team Columbia' community events

Promotes financial literacy throughout the Bank

Maintains records and documentation on all community development activities and programs

Analyzes addition of proposed branch locations and the impact of growth on assessment areas

Keeps up to date with changes in federal and state banking laws and regulations pertaining to CRA

Reviews and interprets changes in CRA laws and regulations and keeps management informed. Ensures changes are implemented accurately and on a timely basis

Ensures Bank personnel are adequately trained and aware of applicable laws and regulations. Assists the Training Department with the development of training curriculums

Supervises team members supporting the development and implementation of the Bank’s CRA program

Establishes clear goals for the staff, ensuring accountability for performance

Promotes a culture of continuous improvement, professional development, and diversity

Exercises the usual authority of a Department Head concerning staffing, performance evaluations, salary recommendations, promotions, demotions, transfers, and terminations. Communicates performance to executive management

Works directly with Federal Home Loan Bank and prospective grantees to complete application packages for submission. Conducts periodic reviews on outstanding grants as required

Measures the performance of the Bank’s down payment and closing cost assistance programs and makes recommendation for change as needed

Performs other job-related duties as assigned

Qualification

CRA compliance knowledgeCRA Strategic Plan executionPublic sector financing programsGrant program managementCommunity development experienceMicrosoft Office proficiencyCommunication skillsLeadership skillsProblem-solving skillsOrganizational skills

Required

Bachelor's degree and ten or more years CRA and community development experience or equivalent combination of education and experience

Thorough knowledge of federal regulations pertaining to CRA

Experience in the preparation and execution of a CRA Strategic Plan

Experience with public sector financing programs that support the CRA lending and investment products and understanding of the benefits of the public-private partnership

Experience in evaluating credit facilities to ensure CRA eligibility

Ability to travel to and participate in frequent civic and community functions and events within the metropolitan area

Strong verbal/written communication and interpersonal skills

Strong Microsoft Word, Excel and PowerPoint skills

Exercise sound judgment, leadership, multi-tasking and problem-solving skills

Must be a self-starter and able to work independently

Must be well-organized, accurate and have a high attentive to detail