Posted in General Business 4 days ago.
The Community Reinvestment Act (CRA) is a regulation that requires banks to invest, lend, and provide other services to low- and moderate-income communities across their footprints.
The CRA Strategy team, a business unit within Corporate Responsibility, is responsible for achieving the highest level CRA regulatory rating for JPMorgan Chase Bank. The unit works with a number of lines of business on CRA strategies and performance targets, monitors and reports performance against those goals and works with the lines of business to devise action plans to address any performance weaknesses. The team is also responsible for ensuring CRA data integrity; managing CRA examinations which are conducted by the Federal regulators; and keeping senior management apprised of on-going performance.
Key elements of this role are executive engagement to convey the contributions lines of business make toward the firm's CRA performance, along with an ability to leverage data and analytics to tell the story of trends and areas that require elevated focus.
This person is responsible for leading a team to develop/manage the CRA strategy and design of the CRA Strategy for several lines of business (e.g., home lending and small business within CCB, Community Development Lending and Investments within Commercial Bank and CIB, etc.). This work includes assessment of the market opportunity, identification of performance trends/opportunities, development of line of business tools to address opportunities, etc.
Additionally, this person will take a leadership role with regard to CRA policy. In this work, the incumbent will engage with lines of business and other colleagues to develop and socialize the firm's CRA policy positions.
The role will report to the Community Reinvestment Strategy Director and requires extensive interactions with multiple functions in lines of business (e.g., Sales, Product, Risk, Marketing, Reporting, Finance).
Responsibilities will include:
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