What are the responsibilities and job description for the Senior Compliance Advisor - Community Reinvestment Act position at Santander Bank, N.A.?
Harrisburg, United States of America
The Sr. Compliance Advisor serves as a Community Reinvestment Act (CRA) subject matter expert to ensure the Bank is able to comply with regulatory and legal requirements outlined in the Community Reinvestment Act. The candidate will be proficient in performing qualitative analysis used to develop performance by utilizing internal and external resources. Additionally, the candidate will develop, maintain and manage quantitative analysis required to assess overall performance of the Bank’s CRA Compliance program. The ideal candidate will have experience in regulatory reporting and data maintenance requirements outlined in the CRA, have fluency in technology solutions used for overall CRA Compliance program management (e.g. CRAWiz and Kadince), and have experience with third-party vendor management.
The Sr. Compliance Advisor will routinely monitor CRA-related activities to ensure compliance with the requirements outlined in the regulation. The ideal candidate will be an expert in reviewing, qualifying and documenting Community Development Activities (e.g. lending and investments). The candidate will act as a support function with key business lines that have CRA responsibilities and provide advisory guidance as needed. While this role is primarily focused on administering the CRA compliance program it is likely that the compliance advisor may support other consumer related compliance programs, as necessary. The hybrid position will be located in either Boston, Miami, or Dallas area in office three days a week.
Duties & Responsibilities
Qualifications
Education:
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
- Hybrid
Primary Location: Boston, MA, State Street-Corp
Other Locations: Pennsylvania-Harrisburg,Texas-Dallas,Florida-Coconut Grove
Organization: Santander Holdings USA, Inc.
Salary: $90,000 - $165,000/year
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO
The Sr. Compliance Advisor serves as a Community Reinvestment Act (CRA) subject matter expert to ensure the Bank is able to comply with regulatory and legal requirements outlined in the Community Reinvestment Act. The candidate will be proficient in performing qualitative analysis used to develop performance by utilizing internal and external resources. Additionally, the candidate will develop, maintain and manage quantitative analysis required to assess overall performance of the Bank’s CRA Compliance program. The ideal candidate will have experience in regulatory reporting and data maintenance requirements outlined in the CRA, have fluency in technology solutions used for overall CRA Compliance program management (e.g. CRAWiz and Kadince), and have experience with third-party vendor management.
The Sr. Compliance Advisor will routinely monitor CRA-related activities to ensure compliance with the requirements outlined in the regulation. The ideal candidate will be an expert in reviewing, qualifying and documenting Community Development Activities (e.g. lending and investments). The candidate will act as a support function with key business lines that have CRA responsibilities and provide advisory guidance as needed. While this role is primarily focused on administering the CRA compliance program it is likely that the compliance advisor may support other consumer related compliance programs, as necessary. The hybrid position will be located in either Boston, Miami, or Dallas area in office three days a week.
Duties & Responsibilities
- Monitors policies, procedures and practices to ensure adherence to the technical reporting and data maintenance requirements outlined in the CRA.
- Ensures compliance with the CRA data collection, reporting and disclosure requirements, including conducting CRA data integrity reviews amongst all lines of business with CRA responsibilities.
- Experience in managing third-party vendor relationships and executing business as usual quantitative reviews in regulatory reporting systems like CRAWiz, Rata Comply or RiskExec.
- Ensures all CRA and Community Development related activities are appropriately tracked, monitored and documented for reporting purposes.
- Conducts routine compliance monitoring reviews for CRA and other associated regulations as needed.
- Provide comprehensive support for the First Line of Defense during the annual CRA Data Submission.
- Performs periodic reviews of the Banks assessment areas to ensure they are conforming with the regulatory requirements and are delineated appropriately.
- Maintains and makes periodic updates to the Bank’s Public File.
- Collaborates with management and other key stakeholders to identify areas of opportunity for CRA activities to ensure the bank is able to meet a minimum of a Satisfactory enterprise CRA Rating.
- Takes a lead role acting as a primary resource for team members and key stakeholders with CRA related questions, specifically around qualification criteria of Community Development Lending and other activities.
- Create training materials, presentations, and develop workshops that effectively communicate regulatory requirements and their practical implications for different departments and roles within the bank.
- Performs CRA self-assessment annually, update CRA performance context as needed and identifies potential risk areas / areas of opportunity through statistical analysis and review using CRA reporting software (CRAWiz)
- Identifies systemic procedural weaknesses and additional training requirements needed to ensure compliance.
- Responds to regulatory inquiries, third-party examiners and internal reviews like audits/compliance testing reviews.
- Collaborates across business units within the organization to ensure consistency in policies and procedures.
Qualifications
Education:
- Bachelor’s degree or equivalent work experience in Business, Finance, or equivalent degree is required.
- Master’s degree in business, finance, or equivalent field preferred but not required.
- Certified Regulatory Compliance Manager (CRCM) preferred but not required.
- 9 Years in Compliance, Legal, Regulatory, or Financial Services.
- 5 years working in CRA Compliance for a large bank – preferably with an OCC regulated bank.
- 3 years working in a Community Development related role preferrable for a large bank.
- Managing third-party vendors and software.
- Proficiency in utilizing software programs such as Microsoft Office (e.g. excel, word and power point) and specialized compliance software used for regulatory reporting (e.g. CRAWiz)
- Experience executing geospatial analysis in GIS software like ArcMap or ArcPro – preferred but not required.
- Experience in qualifying Community Development Activities like CD loans, investments, grants and service events.
- Strong knowledge of federal banking laws and regulations specifically: CRA, HMDA, ECOA, FHA, FCRA and UDAAP.
- Meticulous attention to detail and strong problem-solving ability.
- Proven communication, analytical research and project management skills.
- Excellent written and verbal communication skills.
- Must be a self-starter and able to work independently.
- Detail orientated with the ability to also understand overall bank strategy.
- Demonstrated experience facilitating change to achieve measurable results.
- Ability to build and foster internal and external relationships.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
- Hybrid
Primary Location: Boston, MA, State Street-Corp
Other Locations: Pennsylvania-Harrisburg,Texas-Dallas,Florida-Coconut Grove
Organization: Santander Holdings USA, Inc.
Salary: $90,000 - $165,000/year
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO
Salary : $90,000 - $165,000
