CRA Compliance Specialist III at Bank OZK in Little Rock, Arkansas

Posted in Other 10 days ago.





Job Description:

Position Description:


Job Purpose and Scope:



Responsible for promoting compliance within the Bank's CRA Program including conducting research and interpreting applicable laws and regulations that support the development and implementation of a regulatory change management plan.



Essential Job Functions:


  • Trains, reviews policies and procedures, monitors performance and assists with corrective action(s) related to the CRA Compliance Management System (CMS).

  • Develops a comprehensive change management plan that outlines specific steps, timelines, gap analysis, and resource requirements for successful implementation of the new CRA rule as directed by CRA leadership.

  • Conducts research, interprets application to the Bank, and writes/provides regulatory briefs to management/department as it relates to CRA and other related regulations.

  • Stays abreast and maintains an inventory of regulatory notifications, articles, and alerts of CRA and other related and/or applicable laws and regulations.

  • Reviews and proofs regulatory related correspondence and memorandums.

  • Writes and edits the CRA Self-Assessment(s).

  • Conducts research to support department efforts, such as market studies, economic data, labor and unemployment statistics, housing, etc.

  • Prepares and produces records for CRA Exams.

  • Ensures data integrity and serves as a control function by reviewing and determining CRA eligibility related to CD activities for submission during CRA Examinations.

  • Regularly exercise discretion and judgment in the performance of essential job functions.

  • Maintains good punctuality and attendance to work.

  • Follows Bank policy, procedures, and guidelines.





  • Knowledge, Skills & Abilities:


  • Knowledge of the Community Reinvestment Act, and related laws and regulations.

  • Ability to prepare written documents in regulatory style and format.

  • Ability to self-edit work for spelling, grammatical, and punctuation errors.

  • Ability to demonstrate effective critical thinking, and problem-solving skills.

  • Ability to demonstrate effective research and analytical skills.

  • Ability to demonstrate initiative to accomplish work objectives.

  • Ability to manage multiple tasks with exacting deadlines in a fast-paced environment.

  • Ability to communicate effectively both written and verbal.

  • Ability to work effectively in a team environment.

  • Ability to demonstrate effective use of specialized software.

  • Ability to demonstrate effective planning and organization skills with strong attention to detail, accuracy, and timeliness.

  • Skill in using computer and Microsoft Office products, including Outlook, Word, Excel PowerPoint, and SharePoint.



  • Job Expectations:Operate customary equipment and technology used in a business environment, with or without accommodation.



    Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.


    Position Requirements:


    Basic Qualifications:


  • High school diploma or equivalent, required; bachelor's degree, preferred.

  • 3+ years regulatory compliance, risk, analytics and/or legal support work experience, required.

  • Prior work experience in a financial institution, preferred.



  • Bank OZK is an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.



    More jobs in Little Rock, Arkansas

    Other
    7 minutes ago

    TheCollegeBoard
    Other
    7 minutes ago

    TheCollegeBoard
    Other
    8 minutes ago

    TheCollegeBoard
    More jobs in Other

    Other
    5 minutes ago

    Vector Security
    Other
    5 minutes ago

    Vector Security
    Other
    5 minutes ago

    Vector Security