Job Description
Job Description
Company: New Hampshire Mutual Bancorp (NHMB)
Title: Vice President, CRA & Fair Lending Officer
Location: New Hampshire (Must be able to report to a NH office as needed)
Position Details: Full Time, Monday-Friday, 8:00AM-5:00PM
FLSA: Exempt, Officer First/Mid-Level Officials and Managers
*Salary negotiable based on level of experience
The VP, CRA and Fair Lending Officer is responsible for developing, implementing and administering all aspects of NHMB Affiliate Banks’ Community Reinvestment Act and Fair Lending policies and programs to ensure NHMB remains compliant with all laws, regulations and guidance. Responsible for reporting on the Bank’s adherence to the regulatory provisions and intent of the CRA, successfully demonstrating the Bank’s responsiveness to the deposit and credit needs of low-to-moderate income individuals and geographies within the Bank’s Assessment Areas.
Accountabilities & Measures
Key Accountabilities
1. Model behaviors consistent with NHMB values and leadership model principles to foster an effective culture.
2. Serves as NHMB’s subject matter expert in Fair Lending and CRA laws and regulation.
3. The NHMB CRA and Fair Lending Programs meet all applicable state and federal laws and regulations.
Success Measures
1. Fostering an effective NHMB and Affiliates workplace culture.
2. Sound design and execution of the CRA and Fair Lending Programs.
3. Demonstrated program effectiveness: A Satisfactory Community Reinvestment Act regulatory rating is maintained with an acceptable low level of exam and audit findings in the CRA and Fair Lending areas.
ESSENTIAL FUNCTIONS
1. Adheres to the NHMB Values: A+ Merits - Accountability, Mutuality, Excellence, Respect, Integrity, Teamwork and Stewardship.
2. Manages assigned staff in accordance with the organization's policies and procedures providing oversight, direction and work assignments to achieve department goals. Provides coaching guidance and identifies appropriate development opportunities and resources for assigned staff to ensure continuous improvement. Conducts regular staff performance discussions, interviews job candidates, and makes hiring, termination and salary recommendations as needed.
3. Serve as in the role of CRA Committee Chair and as the primary point of contact for all CRA and Fair Lending related examinations and audits, oversee all program assessments, provide status updates to key program stakeholders, and own and manage all responses and remediation of any findings.
4. Research, analyze and interpret all applicable federal and state regulations related to CRA and Fair Lending, keeping abreast of emerging issues and regulatory perspectives. Prepare public comments as appropriate. Coordinate regulatory changes within affected lines of business and ensure that changes and controls are implemented to facilitate regulatory compliance.
5. Monitor CRA and Fair Lending policies, procedures, and practices and perform routine data integrity reviews and implement changes to enhance existing CRA policies and procedures when necessary.
6. Prepare, analyze, audit, and submit applicable CRA data to management and the regulatory agency in accordance with required deadlines.
7. Collaborate with Affiliate Bank applicable employee(s) and Management to identify, recommend, and document CRA qualified events, activities, investments and donations, small business and farm loans, flexible lending programs, community development loans and employee volunteer hours are appropriately documented for reporting.
8. Manage the Bank’s CRA Public File in accordance with required deadlines. Manage CRA reporting with effective processes and procedures for tracking performance to ensure compliance with CRA data collection, reporting, and disclosure requirements.
9. Periodic review of Bank's assessment area to ensure reasonableness of the delineation including reviewing branch distribution in the Bank’s assessment area.
10. Conduct a periodic CRA Self-Assessment to identify potential risk areas through peer analysis and redlining review and to ensure the Bank’s alignment with the CRA goals set by the Board of Directors and CRA Committee.
11. Prepare and deliver CRA and Fair Lending related training to employees and Boards of Directors.
12. Develop and update the CRA Performance Context to be utilized for the FDIC’s CRA Performance Evaluation.
13. Serve as the liaison for researching and responding to CRA related complaints.
14. Participates in projects and performs other duties as assigned.
MINIMUM PHYSICAL REQUIREMENTS
Physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazards with moderate level of noise. Minimal physical effort required; normally seated with the freedom of movement on a regular basis, handling of light materials, supplies. May have long periods of time working at a PC terminal. Valid driver's license with ability to frequently travel within NHMB’s footprint as needed.
DESIRED JOB EXPERIENCE
Minimum of 5 years of demonstrated and successful CRA and Fair Lending related leadership including experience working in the role of CRA Officer and a minimum of one year of supervisory experience.
OTHER QUALIFICATIONS
Strong research, analytical and critical thinking skills, and attention to detail; An extensive knowledge of CRA, Fair Lending and other bank regulations, operations and lending; Advanced written, oral, and interpersonal skills with ability to prepare and present technical presentations and educate Bank staff; Demonstrated ability to establish and maintain positive relationships and effectively interact with the Bank’s regulators, Board of Directors, and management in other areas of the Bank; Effective decision-making and problem-solving skills; Exceptional organizational skills and ability to prioritize heavy workloads and meet time sensitive deadlines; Strong working knowledge of Microsoft Office and automated CRA and Fair Lending software programs; Ability to plan and accomplish goals with a high degree of creativity and autonomy.
COMPANY OVERVIEW
New Hampshire Mutual Bancorp (NHMB) is a shared services organization providing operational support for three premier independent mutual savings banks, Meredith Village Savings Bank, Merrimack County Savings Bank and Savings Bank of Walpole, and a financial advisory and trust company, NHTrust. The first relationship of its kind in northern New England, NHMB companies share support services such as human resources, information technology, marketing, finance, risk and compliance, deposit operations, loan operations and digital banking to provide overall efficiencies and best in class solutions for customers. Through this strategic alliance, each affiliate is positioned to leverage each other’s strengths as they work together to advance a shared vision of maintaining and enhancing community banking standards and values.
New Hampshire Mutual Bancorp and its affiliates are an Equal Opportunity Employer. This includes veterans and individuals with disabilities.