Job Description

The HMDA/CRA Compliance Specialist is responsible for ensuring the Bank's compliance with the Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) reporting requirements. The position is accountable for the compilation, submission and accuracy of the HMDA and CRA Loan Application Registers (LARs), which are the basis of CRA and Fair Lending Compliance Examinations.

RESPONSIBILITIES:

• Assist in creation and maintain the Bank's LARs, including HMDA data and CRA Small Business/Farm loans. Electronically submit required LARs to the Consumer Financial Protection Bureau (CFBP) in timely manner.
• Independently conduct review and validation of loan data to ensure accuracy of LARs and compliance with the HMDA regulation; identify any inconsistencies and recommend improvements.
• Coordinate with business units to obtain data and provide support to ensure compliance with the HMDA regulation. Provide results of testing, assist with developing controls to address inconsistencies or issues identified, and review procedures to ensure business units are accurately collecting and reporting loan data.
• Monitor and review changes in laws and regulations regarding HMDA and CRA.
• Prepare for internal audits and regulatory exams, and aid in the completion of the annual risk assessment.
• As needed, collect data and prepare reports for management including, but not limited to the Fair Lending or CRA departments.
• Serve as a department lead in assisting HMDA/CRA Analysts and Analyst Srs, as well as serve as the point of contact for the department when the Sr HMDA Compliance Manager is unavailable or out of the office.
• Assist the HMDA Compliance Manager with efficient workflow administration and other department responsibilities as needed.
  

Qualifications

• High school diploma or equivalent required.
• Bachelor's Degree in business analytics highly desired,
• Minimum three (3) years' experience in in HMDA and/or CRA operations or audit required.
• Minimum two (2) years' experience and working knowledge of consumer protection laws and regulations that impact financial institutions, including HMDA and CRA required.
• Demonstrated ability to lead teams and supervise workflows required.
• Experience working with HMDA, CRA, and Fair Lending Software is required.
• Ability to work independently with little supervision required.
• Ability to provide guidance on regulations to various business units required.
• Strong technical skill required.
• Advanced proficiency in Microsoft Office applications, particularly Outlook, Excel and Word required.

KEY COMPETENCIES:

• Communication Proficiency
• Accountability
• Judgement
• Regulatory focused
• Problem Solving/Resolution focused
• Analytical and systems thinking
• Detail Oriented

Essential Functions:

• Sitting for extended periods of time.
• Sufficient dexterity of hands and fingers to efficiently operate a computer keyboard, mouse, and other computer components.
• Ability to converse and exchange information with all levels of staff within organization.
• Ability to observe, perceive, identify, and translate data