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Berkshire Bank · 1 day ago

Fair Banking Officer

Pittsfield, MA

Full-time

Hybrid

Entry, Mid Level

$52K/yr - $103K/yr

2+ years exp

Berkshire Bank is seeking a Fair Banking Officer to assist the SVP CRA/Fair Lending Officer in overseeing Fair Lending and Community Reinvestment activities. The role involves developing and managing programs to meet the needs of low- and moderate-income individuals and ensure compliance with CRA regulations.

BankingFinancial Services

Responsibilities

Strategically assists in leading the Bank’s CRA and Fair Lending FLEX program. Works with SVP CRA and Fair Lending Officer to proactively achieve satisfactory ratings in regulatory exams

Assists in reporting the Bank’s progress under the CRA and FLEX programs

Collaborate with product development and marketing teams to ensure inclusive access and non-discriminatory practices. Manages the import of monthly CRA extract files of new CRA loans and modifications and import quarterly HMDA files. Eliminate errors and ensure quality control by collaborating with proper business lines. Ensure community development loans include appropriate descriptions as to their community development nature

Assist CRA/Fair Lending Officer in preparing for quarterly CRA/FLEX meetings. Including preparing data analysis and slide decks as well as recording minutes

Work with Regional Managers and local Market Managers as applicable to communicate lending and investment needs that help meet the lending needs of low- and moderate-income households

Interact with community leaders (both public and private) to assess community credit needs, building relationships with local housing and community service agencies. Coordinate training (i.e. classes, programs, and seminars) that is deemed to be needed in the various regions for such things as first-time home buyers, credit counseling, financial literacy, etc

Prepare banks statistics to track adequate loan penetration of low- and moderate-income households and small businesses

Prepare bank data to track adequate loan penetration (including applications taken) from minority borrowers and minority and women-owned businesses

Maintain relevant CRA reports and files, including data and documentation. This includes but is not limited to loans and/or deposits

Work closely with Complaints department to track all CRA public file complaints and complaints that include language around discrimination, as well as any UDAAP complaints

Data collection of a wide variety of reports (including HMDA & CRA), collect data and provide comprehensive reports to management and to the regulators as to the programs in effect, the success of the programs and how the company may data mine to improve programs or develop new programs that fall within CRA monitoring

Execute programs and maintain and provide on-going training and support to each region in all areas affecting CRA and HMDA as well as fair lending

Report, as needed, to the DE&I Committee data that will help the Bank determine if there are demographics of the population that are being excluded from bank credit

Import and report on all AI functions from all 3rd party partners to determine statistical findings in underwriting or pricing when considering the Bank’s traditional factors of approving and pricing loans

Work closely with Compliance Team to assist in any policy or regulatory changes that impact Fair Banking

Provide training and guidance to business units on fair banking principles and regulatory expectations

May serve as a liaison with regulators during fair lending examinations and inquiries

Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties

Qualification

CRA regulations knowledgeFair Lending knowledgeData analysis skillsProject management skillsMicrosoft ExcelPublic speaking skillsRelationship building skillsSelf-motivatedCommunication skillsLeadership skills