Community Reinvestment Act Officer

Taleo; Draper (UT); On-site; USD 135,000 - 231,000; Full time

Job summary

Optum Bank is seeking a Community Reinvestment Act Officer in Draper, UT to lead the CRA program, ensure regulatory compliance, and drive lending, investments, and services aligned with the CRA Strategic Plan.

This role requires 7+ years in banking, 5+ years in CRA, travel up to 25%, and the ability to work in the Draper office; salary range is $134,600 to $230,800 annually, with comprehensive benefits.

Qualifications

• 7+ years of experience in a bank or other regulated financial institution.
• 5+ years of experience working in a CRA program.
• Proven knowledge in meeting regulatory expectations for CRA, particularly focused on institutions operating under a CRA Strategic Plan or programs with a primary focus on Community Development.
• Willingness and ability to travel up to 25%
• Ability and willingness to work in our Draper, UT office
• Driver’s License and access to reliable transportation

Responsibilities

• Lead execution and management of Bank CRA program according to CRA Strategic Plan objectives, Board directives, and regulatory requirements
• Build community partnerships and networks in advancement of Bank CRA objectives (loans, investments, and services)
• Provide subject matter expertise to internal Bank and UHG functions on CRA-qualifying activities
• Manage and maintain appropriate documentation of CRA-qualified activities, and produce applicable reporting to appropriate stakeholders (Bank committees, Board of Directors, regulatory agencies and examiners, etc.)
• Conduct and maintain benchmarking of other CRA programs and activities of peer institutions, and document the Bank CRA Performance Context
• Engage and liaise with appropriate regulatory agencies on CRA matters, keeping abreast of regulatory guidance and trends, and advocating on behalf of the Bank with regulators, industry consortia, and community partners on CRA matters
• Manage and maintain the Bank’s CRA Strategic Plan, including soliciting community input; preparing new plans for submission and regulatory approval; managing the regulatory approval process, etc.
• Source and execute CRA-qualified service opportunities for Bank personnel at various levels (front-line staff; consulting/expertise for CRA-qualified agencies; Board opportunities on CRA-qualified agencies, etc.)
• Provide CRA-qualified Board service to CRA-qualified agency(ies) in fulfillment of CRA objectives
• Respond to community, regulator, and other stakeholder input on the Bank’s CRA program and efforts
• Manage all aspects of CRA examinations by relevant regulatory authorities
• Manage annual CRA data reporting
• Manage the Bank CRA donation budget, and source and direct CRA donation opportunities through applicable Bank

Skills

CRA program experience

Regulatory compliance

Stakeholder communication

Travel up to 25%

Draper office

Driver's license

Job description

Improve the lives of others while Caring. Connecting. Growing together.

Job Description - Community Reinvestment Act Officer (2385389)

Community Reinvestment Act Officer - 2385389

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together.

The Optum Bank Community Reinvestment Act Officer will lead all aspects of the Optum Bank Community Reinvestment Act (“CRA”) program according to regulatory requirements and the approved CRA Strategic Plan. This position will ensure that the Bank meets or exceeds its annual CRA goals in lending, investments, and services; manage documentation of Bank CRA efforts for qualifying activities to ensure regulatory requirements and expectations are met; and proactively engage community partners and agencies which promote CRA objectives to source CRA opportunities in fulfillment of Bank CRA objectives. This position will also interface and coordinate with other Optum and UHG entities to identify and document qualifying CRA-eligible activities undertaken by other entities within the UHG enterprise.

Please note: this position is based out of the Draper, UT office and follows an office-based schedule with four in-office days per week.

Primary Responsibilities:

• Lead execution and management of Bank CRA program according to CRA Strategic Plan objectives, Board directives, and regulatory requirements
• Build community partnerships and networks in advancement of Bank CRA objectives (loans, investments, and services)
• Provide subject matter expertise to internal Bank and UHG functions on CRA-qualifying activities
• Manage and maintain appropriate documentation of CRA-qualified activities, and produce applicable reporting to appropriate stakeholders (Bank committees, Board of Directors, regulatory agencies and examiners, etc.)
• Conduct and maintain benchmarking of other CRA programs and activities of peer institutions, and document the Bank CRA Performance Context
• Engage and liaise with appropriate regulatory agencies on CRA matters, keeping abreast of regulatory guidance and trends, and advocating on behalf of the Bank with regulators, industry consortia, and community partners on CRA matters
• Manage and maintain the Bank’s CRA Strategic Plan, including soliciting community input; preparing new plans for submission and regulatory approval; managing the regulatory approval process, etc.
• Source and execute CRA-qualified service opportunities for Bank personnel at various levels (front-line staff; consulting/expertise for CRA-qualified agencies; Board opportunities on CRA-qualified agencies, etc.)
• Provide CRA-qualified Board service to CRA-qualified agency(ies) in fulfillment of CRA objectives
• Respond to community, regulator, and other stakeholder input on the Bank’s CRA program and efforts
• Manage all aspects of CRA examinations by relevant regulatory authorities
• Manage annual CRA data reporting
• Manage the Bank CRA donation budget, and source and direct CRA donation opportunities through applicable Bank

You’ll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications:

• 7+ years of experience working in a bank or other regulated financial institution
• 5+ years of experience working in a CRA program
• Proven functional knowledge in meeting regulatory expectations for CRA, particularly focused on institutions operating under a CRA Strategic Plan or programs with a primary focus on Community Development
• Willingness and ability to travel up to 25%
• Ability and willingness to work in our Draper, UT office
• Driver’s License and access to reliable transportation

Preferred Qualifications:

• 2+ years leading a large bank CRA program
• Regulatory experience in Community Reinvestment Act examinations
• Experience leading or engaging with CRA-qualified community development agencies with a healthcare focus
• Proven credit underwriting and/or investment analysis experience analyzing CRA-qualified credit opportunities
• Proven ability to network, build, and advance community networks and coalitions to achieve CRA objectives Assertive self-starter, with solid verbal and written communication skills
• Proven ability to analyze, manage and resolve complex issues with attention to detail
• Proven ability to analyze and interpret governmental regulations, regulatory guidance, and manuals, and implement appropriate policies and procedures to ensure compliance
• Proven excellent people-management, project management, and interpersonal skills, including the ability to work well both individually and in a team (in person and virtual) environment across all organizational levels
• Proven ability to appropriately prioritize time, manage multiple tasks and work effectively under tight deadlines
• Proven ability to work independently
• Demonstrated high integrity and excellent judgment

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you’ll find a far-reaching choice of benefits and incentives. The salary for this role will range from $134,600 - $230,800 annually based on full‑time employment. We comply with all minimum wage laws as applicable.

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone–of every race, gender, sexuality, age, location and income–deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes — an enterprise priority reflected in our mission.

UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.

UnitedHealth Group is committed to working with and providing reasonable accommodations to individuals with physical and mental disabilities. If you need special assistance or accommodation for any part of the application process, please call 1-866-566-8715 to be connected to Recruitment Services. Recruitment Services hours of operation are 7 a.m. to 7 p.m. CT, Monday through Friday.

UnitedHealth Group is a registered service mark of UnitedHealth Group, Inc. The UnitedHealth Group name with the dimensional logo, as well as the dimensional logo alone, are both service marks for the UnitedHealth Group, Inc.

Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.

UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.