CRA Advisor (#Hybrid - Perm at our HQ O'Hare Airport
Position: CRA Advisor (#Hybrid - Perm at our Chicago HQ near O'Hare Airport)
In this role, you will be responsible to develop, implement and maintain various elements of Alliant Credit Unions Fair & Responsible Banking (F&RB) program. Maintain and demonstrate current knowledge of applicable state and federal consumer protection laws and regulations which primarily focus on the Federal Community Reinvestment Act(CRA), as well as the IL CRA and HMDA, but may also include elements of ADA, MLA, FCRA, FDCPA, FHA, SCRA, and the portions of Dodd-Frank as it relates to fair lending and UDAAP.
As a second line of defense (2
LOD) subject matter expert (SME), advise the first line of defense (1
LOD), lines of business (LOB), and risk partners to ensure that Alliant's policies, procedures, products, and services are compliant with the ever-changing aforementioned laws and regulations. Serve as the Illinois CRA SME for regulatory exams, compliance testing reviews, and audits.
Responsibilities
Execute the implementation of the Federal Community Reinvestment Act (CRA) and assist the F&RB leader with expanding and building out a robust Illinois CRA (IL CRA) program.
Generate various reports through CRA Wiz, input different types of data sets, build out assessment areas/fields, create layered maps, and use the output of said reports to identify enhancement opportunities.
Analyze lending activity for residential, consumer, and commercial data to determine if data meets the regulatory requirements of the IL CRA and assess if there are areas to improve and provide a better service.
Communicate IL CRA compliance requirements to the LOBs and help the LOBs develop processes that meet the regulatory expectations prescribed under the IL CRA.
Partner with the LOB to help build out community development lending opportunities and identify qualified IL CRA volunteer activities.
Collaborate with the 1
LOD to help guide the development of retail banking services and products that help reach the underbanked and underserved populations within our assessment area/field.
Ensure that Alliants IL CRA activities are tracked, analyzed, and modified as appropriate to ensure adherence to the IL CRA.
Advise on various projects, third-party vendor relationships, and ad hoc questions as it relates to Alliants IL CRA program, within the F&RB program, and applicable consumer protection laws and regulations.
Interpret existing and emerging laws, regulations, regulatory communications, and enforcement actions and perform an impact analysis to determine the potential impact on Alliant and the individual LOBs via written reports and/or advisory memos to guide management, risk partners, and the LOBs.
Assist the HMDA Advisor to perform data integrity validations of HMDA data to ensure the data relied upon for the IL CRA analysis is accurate.
Assess IL CRA risks by preparing annual risk assessments from an organizational, LOB, and product and life cycle standpoint.
Education:
High School or Equivalent - Minimum
Bachelors Degree - Business, Finance, Administration or related - Preferred
Years of Experience:
5 years - Federal CRA, HMDA or related - Minimum
License/Certification/Training:
Preferred: CRCM Certification
Compensation & Benefits:
Typical hiring range: $87,100 - $123,000 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Additional Compensation: Annual performance bonus
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.
Additional Benefits:
Work from home up to 3 days a week
Paid parental leave
Employee discount programs
Time off including paid personal and sick days
11 paid holidays
Education reimbursement
Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
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In this role, you will be responsible to develop, implement and maintain various elements of Alliant Credit Unions Fair & Responsible Banking (F&RB) program. Maintain and demonstrate current knowledge of applicable state and federal consumer protection laws and regulations which primarily focus on the Federal Community Reinvestment Act(CRA), as well as the IL CRA and HMDA, but may also include elements of ADA, MLA, FCRA, FDCPA, FHA, SCRA, and the portions of Dodd-Frank as it relates to fair lending and UDAAP.
As a second line of defense (2
LOD) subject matter expert (SME), advise the first line of defense (1
LOD), lines of business (LOB), and risk partners to ensure that Alliant's policies, procedures, products, and services are compliant with the ever-changing aforementioned laws and regulations. Serve as the Illinois CRA SME for regulatory exams, compliance testing reviews, and audits.
Responsibilities
Execute the implementation of the Federal Community Reinvestment Act (CRA) and assist the F&RB leader with expanding and building out a robust Illinois CRA (IL CRA) program.
Generate various reports through CRA Wiz, input different types of data sets, build out assessment areas/fields, create layered maps, and use the output of said reports to identify enhancement opportunities.
Analyze lending activity for residential, consumer, and commercial data to determine if data meets the regulatory requirements of the IL CRA and assess if there are areas to improve and provide a better service.
Communicate IL CRA compliance requirements to the LOBs and help the LOBs develop processes that meet the regulatory expectations prescribed under the IL CRA.
Partner with the LOB to help build out community development lending opportunities and identify qualified IL CRA volunteer activities.
Collaborate with the 1
LOD to help guide the development of retail banking services and products that help reach the underbanked and underserved populations within our assessment area/field.
Ensure that Alliants IL CRA activities are tracked, analyzed, and modified as appropriate to ensure adherence to the IL CRA.
Advise on various projects, third-party vendor relationships, and ad hoc questions as it relates to Alliants IL CRA program, within the F&RB program, and applicable consumer protection laws and regulations.
Interpret existing and emerging laws, regulations, regulatory communications, and enforcement actions and perform an impact analysis to determine the potential impact on Alliant and the individual LOBs via written reports and/or advisory memos to guide management, risk partners, and the LOBs.
Assist the HMDA Advisor to perform data integrity validations of HMDA data to ensure the data relied upon for the IL CRA analysis is accurate.
Assess IL CRA risks by preparing annual risk assessments from an organizational, LOB, and product and life cycle standpoint.
Education:
High School or Equivalent - Minimum
Bachelors Degree - Business, Finance, Administration or related - Preferred
Years of Experience:
5 years - Federal CRA, HMDA or related - Minimum
License/Certification/Training:
Preferred: CRCM Certification
Compensation & Benefits:
Typical hiring range: $87,100 - $123,000 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Additional Compensation: Annual performance bonus
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.
Additional Benefits:
Work from home up to 3 days a week
Paid parental leave
Employee discount programs
Time off including paid personal and sick days
11 paid holidays
Education reimbursement
Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
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Apply Now