Washington Financial Bank Looking for Community Reinvestment Act (CRA) Officer at Pittsburgh, Pennsylvania Full Time

This position is responsible for developing, implementing and administering all aspects of a Large Bank’s Community Reinvestment Act (CRA) Compliance Program so that the goals of meeting the credit needs of the communities the Bank serves, including low- and moderate-income neighborhoods, are met. The CRA Officer develops and implements programs to ensure the Bank meets the needs of the community and attains CRA compliance goals and acceptable federal examination ratings. Intermediate Small (ISB) or Large Bank CRA knowledge is a must.

Essential Duties

CRA Compliance (60%):

• Serve as the Bank’s CRA Officer.
• Responsible for the collection of all CRA data, including but not limited to: working with the Bank’s Senior Management regarding CRA qualified investments, all HMDA loan data, all CRA qualified community support donations and all employee hours donated in support of our community.
• Coordinates, documents and reviews lending, investment and service activity related to the requirements of the CRA Act.
• Serves as the Bank’s principle liaison with external CRA compliance auditors, examiners and regulators.
• Maintains relevant CRA reports and files such as the public CRA file including data and documentation.
• Prepares, analyzes and monitors the Bank’s statistics to determine adequate loan penetration of low and moderate income households and small businesses.
• Works with the Bank’s various departments to develop lending, investment, and service programs that help meet the lending needs of low and moderate income households.
• Designs, develops and maintains a risk-based action plan framework around the laws, regulations and issues relating to CRA, Fair Lending, Home Mortgage Disclosure Act (HMDA), Fair Housing Act (FHA) and other regulations as applicable.
• Monitors the Bank’s CRA performance and suggests program modifications and improvements.
• Analyzes and documents components of the lending test utilizing Ncontracts software (as well as other technical resources) to track CRA performance and present reports to management.

Community Outreach (20%):

• Represents the Bank in appropriate forums for community outreach and lending opportunities.
• Manages the Bank’s CRA database for collection of volunteer hours and donations including determination of CRA eligibility.
• Assists in developing sound loan programs designed to meet the credit and housing needs of the Bank’s communities.
• Assists in the development of new products to ensure that the Bank’s lending programs, deposit products and other financial services are designed to enable the Bank’s community to purchase businesses and build financial security.
• Handles any verbal or written complaints received that impacts the Bank’s CRA performance and issues a response to the complaint.

Additional Compliance Related Functions (15%):

• Performs monthly HMDA reviews and annual filing.
• Performs special projects and research as assigned.
• Performs other compliance duties as assigned.

Training of Internal Staff (5%):

• Acts as the key educational resource for all departments on affordable products, guidelines and outreach, and offers to be a resource for their clients.
• Works with the Training department to develop formal Bank wide CRA training.
• Builds awareness and provides training to Retail and Marketing to promote affordable products and marketing collateral.
• Develops a library of CRA resources. Collects and distributes information related to the CRA and other topical subjects to appropriate staff. Provides informational assistance to loan officers, branch personnel, Management and the Board of Directors.

Required Knowledge, Skills and Abilities:

• Knowledge of the CRA and related regulations.
• Knowledge of operating areas, functions, products and services, and the laws and regulations which apply to commercial banks as they relate to credit administration and lending activities.
• Knowledge of loan compliance practices and procedures.
• Knowledge of internal audit practices and perspectives.
• Knowledge of risk and controls, including tests for design and operating effectiveness and controls.
• Skills necessary to explain and implement marketing tools.
• Skills necessary to perform independent reviews and provide recommendations for risk management.
• Skills necessary to operate a personal computer including word processing, spreadsheets and presentation software.
• Knowledge of banking applications and proficient in Microsoft suite of products (Word, Excel, Outlook, etc.)
• Ability to work with all levels of management and Bank staff, as well as, the Board of Directors.
• Ability to conduct thorough research, interpret and understand laws and regulations, and provide workable recommendations and solutions to problems.
• Ability to articulate the community outreach and affordable lending goals of the Bank.
• Ability to work with community groups and government agencies.
• Strong working knowledge of various risks related to lending, and deposit laws and regulations.

Additional Skills:

• Organizational skills, including attention to detail and follow through.
• Strong analytical skills, including creative problem-solving abilities.
• Good communication skills, both verbal and written.
• Team oriented mindset.

Required Education and Experience Requirements:

• A B.S. or B.A. degree in a related field, or equivalent job experience.
• A minimum of 3 years’ of compliance or audit experience with a financial institution, and a minimum of 5 years’ banking experience which includes having successfully assisted in and/or managed a Bank’s CRA program.

Washington Financial offers a very competitive compensation and benefits package which includes paid vacation, holiday and sick time; affordable group benefits (medical, dental, vision); a 401(k) plan; and employee discounts on products and services. Apply online at and attach a resume to the application, or by mail to 190 N. Main Street, 4 th Floor, Washington.
Equal Opportunity Employer

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