CRA & Fair Lending Analyst
How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees’ experience.
Job Duties and Responsibilities:
The CRA and Fair Lending Analyst is responsible for managing CRA data processes including validating CRA eligible activities - creating analytic reports - and managing data quality control. The role will also assist with acquiring data from primary or secondary data sources - reviewing transaction documentation for data accuracy and creating and validating management reports.
- Support the implementation and administration of all aspects of the Banks CRA Program designed to ensure that the Bank complies with the technical and substantive provisions of the CRA and Fair Lending laws and regulations.
- Utilize NContracts software to produce and analyze CRA performance reports for Lending (Community Development and Small Business).
- Review community development loans - investments - grants - and services for CRA eligibility
- And ensure accurate data collection. Participate in data quality control process for CRA reporting and examinations and work with the business lines and operations to ensure data accuracy and documentation of CRA eligible activities.
- Participate in planning for the regulatory change management process resulting from CRA Reform.
- Partner with the broader compliance team to assess and evaluate CRA and Fair Lending performance, perform transactional testing, identify, and resolve control deficiencies, and execute remediation plans.
- Perform special projects and additional duties and responsibilities as assigned by the Director of CRA
SKILLS AND TRAINING:
- Ability to work independently and in collaboration with other team members and external partners
- Banking experience and/or general knowledge of banking regulations a plus
- Ability to effectively communicate with stakeholders
- Ability to operate independently
- This position requires a strong analytical background, excellent problem-solving skills, and the ability to work with complex datasets.
EDUCATION:
- Bachelors Degree or 5 plus years of relevant work experience in a corporate compliance function.
WORK EXPERIENCE:
- Experience with development of testing methodologies and creation of working papers
- Expertise in utilizing various monitoring software programs, such as Questsoft and NContracts to perform thorough compliance assessments and reviews.
LICENSES AND/OR CERTIFICATES: Specialty licensing or certifications a plus
WORKING CONDITIONS: Work is performed in a normal office environment. Noise levels are usually moderate. May also involve travel to customers and property locations.
Hazards: The hazards are mainly those present in a normal office setting and those present in commuting by car. Occasionally may be exposed to those conditions present in public forums and meeting places.
TRAVEL REQUIREMENTS: May require travel between Customer sites, Provident Offices, or Branches
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. Job descriptions and duties may be modified when deemed appropriate by management.
Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.
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