VP, CRA Officer
About this role
Location: Los Angeles, California
Hybrid Eligibility: Yes
Essential Duties:
Assures compliance with all Bank policies and procedures and all applicable state and federal banking laws, rules and regulations.
Plans and executes CRA activities based on framework and criteria assessed by regulators to satisfactorily meet the credit needs of the community, including low and moderate-income neighborhoods, consistent with the safe and sound operation of the Bank.
Analyzes lending data to assess and ensures the Bank’s lending activities support a fair and responsible lending environment, which enables the Bank’s community neighbors to conduct business and build financial security with safe and sound lending practices.
Collects and maintains CRA data. Reviews and recommends CRA qualified investments, loans, and service activities. Reports and presents CRA activities and data to management, auditors, regulators, Board of Directors, and others as required. Partners with the Chief Financial Officer and Investments department to identify CRA investments for proper vetting and documentation to support eligibility determination. Collaborates with the Corporate Banking division and its Executive Vice Presidents to identify qualified and deserving organizations to receive donations in accordance with the Bank’s CRA Program objectives.
Leads coordination of community outreach efforts on behalf of the Bank to community-based organizations.
Evaluates the necessity of any branch closing in relation to any adverse impact that it may have on the local community it serves, particularly low to moderate-income geographies.
Receives compliant notifications related to CRA; contributes to resolves, researches, and documents as part of the Compliant Management process; and ensures complaints are reflected in the CRA Public File as required.
Researches, analyzes and interprets lending compliance and regulations. Recommends action and changes based on analysis.
Maintains the Bank’s CRA Public File, its accessibility to the public, and updates at least annually as required to adhere to regulatory standards.
Reviews and analyzes HMDA activity when appropriate
Prepares and executes a CRA strategic plan annually, including conducts CRA Program self-assessments and evaluations biannually.
Ensures annual regulatory reporting of CRA and HMDA data information is accurate and reported timely.
Interfaces with regulators or designates a qualified individual in their stead.
Responsible for maintaining a current and adequate CRA Policy and related procedures.
Works with the Risk & Compliance Manager to ensure the Bank maintains current and adequate policies and procedures related to Fair Lending and UDAAP.
Assumes responsibility for special projects; gathers data and prepares reports for Executive Management, auditors and other personnel.
Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions.
Company at a glance
Inspired by the philosophy that a Bank could be more than the sum of its siloed parts, our founders set out to build a new kind of Bank; one that worked as a singular entity, acting as a complete banker on behalf of its clients — in 1998 American Business Bank was born.
Unlike their mega-corporate counterparts, our founders recognized that middle market companies were in need of bankers that could do more for their business, so ABB took action, fostering long-lasting relationships with businesses across the southland. Today, that genuine interest and passion remains the driving force of our success, and it’s how we continue to build a legacy that quietly influences the way premier Southern California businesses operate and grow for years to come.
Never promise what you can’t deliver. These are the words we bank on. At American Business Bank, people are our greatest asset. We believe in building honest relationships — not client rosters — and we work relentlessly to protect our clients’ interests, while driving their businesses forward through strong balance sheets and stable practices.
We want our approach to be as unique as our client’s objectives and that starts with trust. It’s how we earn our seat at the table and instill our clients with the confidence to seize the right opportunity or practice patience when needed. Face-to-face, side-by-side, we are there every step of the way. It’s why we built our bank and how we’ve always done business.
Member FDIC
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