Community Reinvestment Act (CRA) Advisor (Perm - Remote or #Hybrid at our Chicago HQ near O'Har[...]

Alliant; Chicago (IL); Remote; USD 125,000 - 150,000; Full time

Job description

In this role, you will be responsible for developing, implementing, and maintaining various elements of Alliant Credit Union’s Fair & Responsible Banking (F&RB) program. Maintain current knowledge of applicable state and federal consumer protection laws and regulations, primarily focusing on the Federal Community Reinvestment Act (CRA), as well as the IL CRA and HMDA. The role may also involve elements of ADA, MLA, FCRA, FDCPA, FHA, SCRA, and parts of Dodd-Frank related to fair lending and UDAAP.

Responsibilities

1. Execute the implementation of the Federal Community Reinvestment Act (CRA) and assist the F&RB leader in expanding the Illinois CRA (IL CRA) program.
2. Generate reports using CRA Wiz, input data, build assessment areas/fields, create layered maps, and analyze outputs to identify improvement opportunities.
3. Analyze lending activity across residential, consumer, and commercial data to ensure compliance with IL CRA requirements and identify areas for service improvement.
4. Communicate IL CRA compliance requirements to lines of business (LOBs) and assist in developing processes that meet regulatory expectations.
5. Partner with LOBs to develop community development lending opportunities and identify qualified volunteer activities under IL CRA.
6. Collaborate with the first line of defense (1LOD) to guide the development of retail banking services and products aimed at underbanked and underserved populations.
7. Ensure that all IL CRA activities are tracked, analyzed, and adjusted as needed for compliance.
8. Advise on projects, third-party vendors, and ad hoc questions related to IL CRA, F&RB, and applicable laws.
9. Interpret laws, regulations, and enforcement actions, performing impact analyses and preparing reports or memos to inform management and risk partners.
10. Assist the HMDA Advisor in validating HMDA data for accuracy in IL CRA analysis.
11. Assess IL CRA risks by preparing annual risk assessments from organizational, LOB, and product perspectives.

Qualifications

• High School diploma or equivalent (minimum)
• Bachelor’s degree in Business, Finance, Administration, or related field (preferred)
• At least 5 years of experience with Federal CRA, HMDA, or related areas (minimum)
• Preferred: CRCM Certification

Compensation & Benefits

Typical hiring range: $87,100 - $123,000 annually, determined by experience and skills.

Additional compensation includes an annual performance bonus.

• Health care, vision, dental, and 401k with employer match
• Work from home up to 3 days a week
• Paid parental leave
• Employee discount programs
• Paid time off, including personal, sick days, and 11 paid holidays
• Education reimbursement

*Note: Benefits eligibility and costs vary based on employment status and hours.

Other Responsibilities

Ensure compliance with the Bank Secrecy Act and all applicable laws, policies, and procedures. Maintain integrity and ethics in all interactions, ensuring confidentiality and compliance with the Privacy Act.

The listed responsibilities are not exhaustive; duties may change without notice.