Compliance and CRA Officer Position Available In Hillsborough, New Hampshire

Compliance and CRA Officer Primary Bank – 4.1

Bedford, NH Job Details Full-time Estimated:

$68.2K – $89.5K a year 1 day ago Benefits Health insurance Dental insurance 401(k) Flexible spending account Paid time off Employee assistance program Vision insurance 401(k) matching Life insurance Referral program Qualifications Fair Housing regulations Regulatory reporting Anti-money laundering Financial software SOX Supervising experience Compliance management Bachelor’s degree GAAP Financial concepts Accounting Risk management TILA Securities law Fraud prevention and detection Senior level Bank Secrecy Act 2 years Banking Technical accounting Full Job Description

JOB SUMMARY

The Compliance & CRA Officer is responsible for overseeing the Bank’s comprehensive regulatory compliance programs as well as for acting as the Bank’s CRA Officer. This role creates, implements, and leads the regulatory processes and training programs for the Bank; continuously assessing and evaluating the adequacy and effectiveness of internal controls via internal monitoring procedures. The position also ensures appropriate and diligent monitoring of systems, transactions, risk assessments, tracking, internal and external reporting.

ESSENTIAL FUNCTIONS

(Duties are illustrative and not inclusive and may vary with individual assignment.)

Compliance Program and Internal Audit Oversight:

 Oversee and facilitate all compliance activities for the Bank; directs the Bank’s Compliance Program.  Chair the Bank’s Compliance, CRA, BSA & Risk Committee.  Serve as a resource for resolution of complex issues and advise Bank staff with Compliance and CRA related questions and problems.  Ensure continued regulatory compliance as Bank’s products and services change and evolve.  Review audit findings, investigate deficiencies, make recommendations to Department Manager for addressing deficiencies; provide support to Management in identifying and implementing actions to address deficiencies.  Perform annual Risk Assessments for UDAAP, Fair Lending, and other regulations as required.  Maintain all related policies and procedures.

CRA Officer Primary Responsibilities:



Compliance Oversight:

The main responsibility is to ensure the financial institution adheres to all provisions of the CRA program and related regulations. 

Policy and Procedure Development:

develop, implement, and maintain the institution’s CRA program, policies, and procedures. 

Performance Monitoring and Analysis:

monitor and analyze the institution’s CRA performance, identifying areas for improvement and recommending corrective actions. 

Reporting:

prepare and submit CRA performance evaluations and reports to CRA Committee and regulatory agencies. 

CRA Exam Management:

assist in the administration of CRA exams conducted by regulatory agencies. 

Internal Collaboration:

collaborate with various departments within the Bank, such as lending, retail, and marketing, to integrate CRA objectives into business strategies. 

Training:

provide training and guidance to bank staff on CRA regulations and performance requirements. 

Product Development Input:

may provide input on new product development to ensure alignment with CRA goals.  Conducting risk assessments related to Fair Lending and CRA.

Regulatory Monitoring & Examination:

 Maintain expertise in all the required Federal and State compliance programs and regulations; monitor legislative and regulatory developments, investigate implications to current bank operations and programs, and provide recommendations on compliance developments to Bank Management.  Serve as the primary contact for the independent audit and regulatory Compliance and CRA examinations. Provide all required documentation to the audit staff and regulators within deadlines. Provide reports, information, and questionnaires in support of the

FDIC BSA

regulatory examination process. Coordinate Bank participation for regulatory compliance review and internal audit process

Training:

 Ensure annual staff and Board Compliance and

BSA/AML/OFAC

training is sufficient per job group and completed by all employees.

Other:

 Performs other duties as requested. Qualifications In-depth knowledge of the Bank Secrecy Act and securities law Proven experience in fraud prevention and detection Strong skills in regulatory reporting and compliance management Familiarity with SOX and internal audits Proficient in financial concepts and GAAP Experience with financial software and technical accounting Understanding of Fair Housing regulations and

TILA Job Type:

Full-time Benefits:

401(k) 401(k) matching Dental insurance Employee assistance program Flexible spending account Health insurance Life insurance Paid time off Referral program Vision insurance

Schedule:

8 hour shift Day shift Monday to Friday No weekends

Education:

Bachelor’s (Preferred)

Experience:

Banking:

7 years (Required)

Banking Compliance:

2 years (Required)

Supervisory:

2 years (Preferred) Ability to

Commute:

Bedford, NH 03110 (Required) Ability to

Relocate:

Bedford, NH 03110: Relocate before starting work (Required)

Work Location:

In person