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Analyst Compliance Community Reinvestment Act (CRA)

Company: Bank of Hawaii
Location: Honolulu
Posted on: February 10, 2024

Job Description:

Job Description

Under the direction of the Manager, this position is responsible for Community Reinvestment Act (CRA) data collection, evaluation, reporting and administrative support. Supports training on topics related to CRA and community development. If applicable or appropriate, assists in business unit's compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to CRA, Fair Banking, Fair Lending, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act

Responsibilities

Coordinates CRA data collection analysis. Provides reports and documentation and collaborates with departments to ensure accurate collection and input of CRA data, including community development lending, Small Business Data Collection, Community development service hours and Community development donations/ grants. Performs monthly analysis from geographic, income and other demographic patterns. Reviews annual CRA data submissions prior to submission to the federal government. Maintains ongoing communication with business unit managers to implement CRA goals and programs. Analyzes and communicates CRA compliance requirements for new and revised products, services, systems and subsidiaries to division and department management. Assists with fair lending reviews and associated data reconciliation processes.

Produces and creates reports for Operating Risk Committee, Risk Council, Audit/Risk Committee, and Board, as appropriate. Prepares reports and correspondence for the CRA Task Forces and CRA Advisory Committee including scheduling meetings, agendas, minutes and other necessary documentation.

Assists with the preparation of the annual CRA Self Assessments, which analyzes, summarizes and communicates the bank's small business, consumer and HMDA lending performance as it relates to CRA as well as the Bank's qualified CRA service and investment activities. Researches CRA information/data concerning income levels, housing activity, demographic trends and other factors that affect bank lending programs. Stays apprised of general economic conditions and trends impacting community development, non-profit projects and activities.

Supervises the maintenance and documents of the Bank's CRA public disclosure files per requirements of federal regulations. Ensures policies, procedures, forms and training meet all new and amended CRA regulatory requirements and deadlines.

Assists in developing relationships with community-based organizations, government agencies, intermediaries, professional and non-profit organizations involved in community development activities, programs and initiatives. Participates in community and/or trade organizations. Assists in planning meetings with representatives of local government agencies, community-based organizations and others to investigate and develop opportunities for collaborative community development partnerships and programs in which the Bank can lead or participate in.

Conducts research on new programs for possible bank involvement and to fill financial gaps in community development projects.

Performs all other miscellaneous responsibilities and duties as assigned

This position requires use of a personal computer and other standard office equipment.

Qualifications

Education: Bachelor's degree from accredited institution with major in business, legal or related field, or equivalent work experience.

Experience: Minimum 5 years of experience in regulatory compliance of banking laws and regulations or equivalent. Must have good knowledge and understanding of CRA, the USA PATRIOT Act, OFAC and other related laws and regulations

Technical Skills: Demonstrated proficiency and expertise with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel, Access and PowerPoint) or similar software. Knowledge of or ability to use Bank software. Must have working knowledge of complex database systems.

Other Job Qualifications: Demonstrated verbal and written communication skills. Able to work effectively with department staff, as well as those outside the division. Must be analytical, detail oriented, organized. Able to meet deadlines and handle multiple priorities. Must be able to analyze large amounts of data quickly, research effectively, draw conclusions from information, identify problems and make good decisions. Should be a self-starter with the ability to work independently and collaboratively on teams with others. Able to solve problems creatively and decisively. Must be able to recommend solutions and alternatives. Able to work flexible hours including weekends and evenings a necessary. Able to provide own transportation or to operate a vehicle with a valid driver's license, and arrive at intended destination in a timely manner

As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act. Delivering exceptional customer experiences is at the heart of what we do at Bank of Hawaii. We listen, understand and deliver what our customers need to help them build a better tomorrow. We are an EEO/AA employer, including disability and veterans. For Bank of Hawaii's full EEO statement, please visit https://www.boh.com/careers.

Keywords: Bank of Hawaii, Honolulu , Analyst Compliance Community Reinvestment Act (CRA), Professions , Honolulu, Hawaii

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