Community Development Loan Officer oversees the bank's CRA Programs and policies to ensure compliance with federal Community Reinvestment Act banking regulations to meet the credit needs of the area's low to moderate-income populations. Serves as the subject matter expert of CRA laws, rules, and regulations by maintaining a deep and up-to-date knowledge of regulatory requirements, proposed legislation, and announcements. Being a Community Development Loan Officer reviews and analyzes lending activity data and practices to ensure compliance with CRA policies. Develops, implements, and administers the overall corporate CRA plan and localized or remedial plans with guidelines and standards to assist with compliance. Additionally, Community Development Loan Officer advises management and coordinates with legal staff on the potential impact of actions. Coordinates and delivers reports to bank leadership and regulatory agencies. Ensures the bank has a positive and visible role in community economic development activities, events, and initiatives. Requires a bachelor's degree or equivalent. Typically reports to a director. The Community Development Loan Officer work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Community Development Loan Officer typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)
Why Broadway Bank:
We are one of the largest independently owned banks in Texas with offerings in personal and private banking, wealth management, business banking and mortgage lending.
Purpose of the Position:
The Community Development Officer (CDO) position will be responsible for bringing new small business relationships to the bank, maintain and grow existing small business relationships, sourcing and identifying community development loans, investments and service opportunities within the Austin CRA Assessment Area. The CDO will be the person assigned to meet with local nonprofit organizations, community development agencies, community stakeholders, and school districts/universities to promote Broadway’s CRA products, services, and community partnerships that are beneficial to LMI individuals and help revitalize LMI communities. Additionally, the position will be responsible for sourcing, coordinating and tracking CRA eligible service hours and facilitating CRA service activities.
Key Accountabilities:
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