Job Information
Old National Bank CRA Compliance Manager in St. Paul Park, Minnesota
CRA Compliance Manager Job Locations US-IN-Columbus | US-IN-Evansville | US-IN-Indianapolis | US-KY-Louisville | US-TN-Nashville | US-MN-St Paul Park | US-MI-Grand Rapids Category/Function Risk/Security Position Type Regular Full-Time Requisition ID 2024-15220 Workplace Type On Site Overview Old National Bank has been serving clients and communities since 1834. With $50 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We are currently seeking a CRA Compliance Manager that will be responsible for maintaining and overseeing an enterprise-wide program to adhere to the requirement of the Community Reinvestment Act and the Bank's Community Growth Plan (CGP). The role includes establishing objectives, monitoring performance and advising business areas in developing strategies to achieve the Bank's desired CRA performance rating and satisfying CGP objectives. The role is a specialized senior Compliance role with direct interactions with senior business leaders and the Bank's regulators. Key Accountabilities Maintain a robust CRA Compliance policy and program that ensures the Bank satisfies all aspects of the Community Reinvestment Act, including: evaluating and defining the Bank's assessment area; tracking and review eligible lending, investments and service activities; coordinating the development of CRA training and guides for staff; publishing required disclosures and maintaining the public file; retaining records demonstrating the Bank's performance; and responding to public requests for CRA information. Develop performance objectives designed to achieve the Bank's desired CRA performance rating and satisfy CGP commitments. Such objectives will be developed using analysis of industry best practices, peer group benchmarks and current regulatory or community expectations. Develop and produce ongoing reports to measure performance against objectives and work with stakeholders to recommend appropriate corrective strategies and action plans, when needed. Track and monitor the effectiveness of strategies and actions plans. Present such reports and progress against action plans to various market, management and governance meetings. Conduct periodic CRA self-assessments and peer reviews to evaluate the program's effectiveness. Track and monitor changes in the regulatory environment, including actively participating in industry groups that evaluate proposed rule changes. Review significant CRA community development investments, lending opportunities and other business initiatives or programs to determine the impacts on CRA performance. Serve as a "subject matter expert" on CRA eligibility as it relates to community development investments and lending opportunities and for the evaluation of key business initiatives. Ensure appropriate preparations for, and the coordination of, the Bank's regulatory performance evaluation and provide periodic updates to the Bank's regulators, as may be requested. Also, assist in the preparation of period meetings with, and reports to, community organizations related to CRA and/or the CGP. Partner with the Bank's Community Development (outreach) team and others to identify and promote creative programs to meet community development needs. Be a champion for community engagement. Key Competencies for Position People Leadership: Coach & Empower Others - Provide timely feedback, support and clear guidance to team members to empower them to accompli h tasks, solve problems, and enhance their professional development. The individual must be able to effectively direct staff and establish a positive and inclusive working environment. Culture Leadership: Communication - Communicate results and opportunities through clear and concise written reports, presentations and verbal discussions. Work with stakeholders to develop actions to enhance CRA and CGP performance, in a consultative and professional tone. Collaboration - Promote positive changes in CRA and CGP performance through a high degree of interaction, influence and coordination with key stakeholders, such as the Community Development team, business line executives and managers, investment teams, credit teams and others. Executive Leadership: Drive and Execution - Strategic and tactical capabilities to establish a strong enterprise CRA and CGP program that continuously evolves, as needed. This includes developing key processes and methods for adhering to the CRA requirements and for achieving the desired performance objectives. Sets high personal standards of performance; proactively learns new skills and develops self for current performance and future opportunity; systematically monitors and reviews progress against performance; collaborates with others to improve performance/achieve goals. Technical Knowledge - A strong working knowledge of the CRA and related laws, regulations and regulatory guidelines and familiarity with community benefit plans. The CRA Officer must continuously update their knowledge to keep up with changing requirements, industry trends and regulatory expectations. Also be comfortable using data analysis techniques to evaluate performance across different topics. Qualifications and Education Requirements Bachelor's degree. Minimum 10 years relevant CRA compliance experience. A deep knowledge of CRA banking laws, regulations and regulatory expectations and the ability to accurately evaluate CRA eligibility for bank activities. Strong analytical and technical skills, including the ability to use CRA analytical tools, reporting tools and systems to evaluate CRA performance. Intermediate to advanced Microsoft Office skills, particularly Excel. Very high level of written and verbal communication skills. Strong working knowledge of banking products and services covered by CRA and CRA related investment vehicles. Experience with OCC and CFPB large bank examinations Willingness to travel up to 20% to visit staff and stakeholders in other Bank locations. Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law. We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, to fill a specific position Our culture is firmly rooted in our core values. We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical. We are Old National Bank. Join our team! Need help finding the right job? We can recommend jobs specifically for you! Click here to get started. If you're qualified for a position but need additional help with the application because of a disability, please email HRservices@oldnational.com (This email will respond to accommodation requests only.) EOE/Minorities/Females/Vet/Disability