FVP & Community Development Officer IV Job at Open Bank, Los Angeles, CA

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  • Open Bank
  • Los Angeles, CA

Job Description

At Open Bank, we pride ourselves on being different and OPEN to new ideas and opportunities for our clients and employees.

We celebrate innovation, diversity, teamwork, excellence and integrity. We are an equal opportunity employer and offer competitive compensation and benefits package to recruit, retain and reward top talent. We would like to be your partner in success and happiness!

Join our TEAM - T ogether E veryone A chieves M ore

Job Title: FVP & Community Development Officer IV

Department: Risk & Compliance

We are looking for FVP & Community Development Officer IV to join the Risk and Compliance team! The Community Development Officer is responsible for developing, implementing, and administering all aspects of the Bank's CRA Policy and Program. This position plans, organizes, and controls the Bank's overall compliance and CRA activities; collaborates with the business units in the overall administration of these directives for the Bank.

Key Responsibilities:
  • Evaluate the legal and regulatory environment pertaining to the Bank's CRA obligations, including FDIC, FRB, CA DFPI and State compliance examination procedures; prepare and disseminate the Bank policies and procedures necessary to ensure CRA requirements are met.
  • Receive continuous CRA training, sufficient time and adequate resources to effectively oversee, coordinate and implement the Bank's CRA goals and plans.
  • Develop and implement an on-going CRA training program to ensure that directors, senior management, and all employees receive adequate training with regards to their respective position and are well aware of CRA requirements pertaining to their function within the Bank.
  • Prepare and provide management and Board or designated committees with the information necessary to approve CRA plans and policies, understand regulatory requirements; and review results of operational efforts to meet CRA goals; report significant or sensitive information directly to the Board, as necessary.
  • Direct and work in coordination with the line area officers in charge of day-to-day compliance for their respective areas, develop, administer and maintain adequate internal controls to ensure full compliance with all applicable CRA laws and regulations.
  • Attend CRA-related events, functions, training, and community outreach activities as required, including necessary travel to represent the Bank and meet CRA objectives.
Requirements/Qualifications:
  • Bachelor's degree in Business Administration or related field or equivalent experience.
  • Minimum ten years of experience in banking compliance related position and five years in a CRA-related management position.
  • Direct experience with regulators, auditors, and other consultants in the industry.
  • Broad knowledge of tasks performed in banking operations and CRA functions.
  • Ability to analyze and organize CRA-related information and perform calculations.
  • General knowledge of banking laws, CRA regulations, and community development practices.
  • Present a professional image in dealing with clients, interdepartmental and external representatives.
  • Good written and oral communication skills; ability to communicate effectively and project a professional image in writing, in person, and phone interactions.
  • Ability to respond effectively to inquiries or customer complaints, especially in sensitive situations related to CRA.
  • Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, and e-mail.
  • Familiarity with CRA reporting tools and database management systems.
  • Ability and willingness to travel as needed to attend CRA-related events, functions, training, and community outreach activities.
Employee Benefits & Perks
  • Medical, Dental, & Vision : Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members. Employees become eligible for insurance benefits on the first of the month following their hire date.
  • Life, Accidental Death & Dismemberment, & Long-Term Disability : Open Bank pays 100% of the cost.
  • Flexible Spending Account (FSA) : Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
  • 401(k) Retirement Savings Plan : Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.
  • Paid Time Off (PTO) : Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
  • Employee Assistance Program (EAP) : The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
  • Company Paid Lunch: Open Bank provides company paid lunch twice a week.

To view current job openings, please visit Open Bank Careers Page : about/#

Job Tags

Full time, Bank staff, Immediate start, Flexible hours,

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