Community Development Loan Review Specialist

BMO Financial Group; United States; Remote; USD 51,000 - 96,000; Full time

Job summary

A leading financial institution is seeking a CRA Community Loan Review Specialist to act as a Subject Matter Expert in Community Development lending. The role involves qualifying loans, providing reporting, and supporting examination documentation. Candidates should have 4-6 years of relevant experience and strong analytical and communication skills. This position offers comprehensive compensation and benefits.

Benefits

Health Insurance

Tuition Reimbursement

Accident and Life Insurance

Retirement Savings Plans

Performance-based incentives

Qualifications

• Typically 4-6 years of relevant experience.
• Technical proficiency via education or business experience.
• Strong understanding of Community Development Activities.

Responsibilities

• Capture, qualify, and document community development loans.
• Provide reporting streams to lines of businesses.
• Coordinate examination documentation and respond to examiners.

Skills

Verbal communication

Written communication

Collaboration

Analytical skills

Problem-solving skills

Influence skills

Data driven decision making

Community Reinvestment Act understanding

Risk/compliance/audit practices knowledge

Excel skills

Word skills

PowerPoint skills

Knowledge in PowerBI

Education

Post-secondary degree in a related field

Tools

PowerBI

Job description

Application Deadline: 10/30/2025

Address: VIRTUAL(R)13 - HomeRes - IL

Job Family Group: Business Management

The CRA Community Loan review Specialist is an important role within the CRA Governance Team. This role will act as a Subject Matter Expert for Community Development (CD) Activities with a focus on Community Development lending and will partner with internal lines of business to identify and qualify CD loans for the bank’s CRA exam.

Key Accountabilities

Key Accountabilities

• 65%: Capture, qualification and documentation of community development loans and loans for other internal initiatives as needed:
• Work with internal lines of business to identify, qualify and document community development loans.
• Review monthly reports and decision loans accordingly
• Gather documentation that supports the loan qualification in a consistent and thorough format
• Track loans within internal data repository ensuring data accuracy
• Streamline internal processes and technology keeping in mind current CRA rule

20%: Provide reporting stream to lines of businesses.

• Develop community development lending reporting, including development of annual goals by Assessment Areas
• Responsible for the development and fulfillment of ad hoc reporting as needed
• Responsible for the development and maintenance of community development loan procedures

15%: Direct Examination Support

• Coordinate and develop examination documentation; assist the manager in responding to examiner inquiries; work with lines of business to produce data documentation; and work with the CRA Governance team to coordinate exam specific information as it relates to CRA.
• Develop the Community Development Lending Performance Contexts for each identified assessment area in partnership with the CRA Strategy and Initiatives Manager

Additional duties may include:

• Act as a backup and quality reviewer for CD Service Activities and CD Investments
• Compliance monitoring
• Other tasks as assigned by manager

Qualifications

Qualifications:

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Technical proficiency gained through education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.
• Strong understanding the Community Reinvestment Act with a focus on Community Development Activities and qualification
• Thorough knowledge of risk/compliance/audit practices
• Strong Excel, Word and PowerPoint skills
• Knowledgeable in PowerBI and other reporting technologies preferred

Salary:

$51,800.00 - $95,900.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [e-mail] and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.