Compliance Risk Manager
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About the Position
This position is responsible for performing various risk functions which support compliance with laws, rules and regulations associated with Corporate Compliance, the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, the USA Patriot Act, Customer Identification Program, Beneficial Ownership and Office of Foreign Asset Control (OFAC) requirements, as well as maintaining day-to-day regulatory and compliance tasks to include the regulatory systems and notifications, compliance notices.
The position will report to the Director of Risk & Compliance and will work closely with teams across the organization including the Lending team, Credit team, Legal, Finance, and focused on risk and compliance. The successful candidate may be required to provide additional support and/or perform tasks as requested in the areas of audit, risk, third-party vendors, and process governance.
Key Responsibilities & Accountabilities
- Contribute to administering, coordinating, developing, implementing, and maintaining policies and procedures as part of the compliance department’s oversight of risk and compliance framework.
- Design and perform Monitoring & Testing Activities including controls evaluation/testing, triggers monitoring to measure adequate threshold, taking into consideration impacts to control environment.
- Participate in license acquisition and maintenance as required on a quarterly, annual or ad hoc basis using the NMLS system and/or state regulator license maintenance procedures.
- Support the Director of Risk and Compliance with tasks associated with risk assessment including risk inventory, review of policies and procedure, and analysis of identified risks.
- Support internal and external audit deliverables including responding to RFIs, remediation of findings, among others.
- Conduct ad hoc projects that involve conducting research and data gathering for the completion of compliance requirements for new products & services.
- Coordinate and submit the quarterly Securities and Exchange Commission Reporting related to CRF Asset Backed Securities.
- Knowledge of CDFI and CRA requirements desired as successful candidate will participate in the Maintenance and collection of documentation to support CDFI certification related to governing board accountability and CDFI Financing Entity Test.
- Support in administrating and monitoring compliance requirements for the Credit and Lending verticals.
- Contribute to the oversight of BSA/AML for the commercial loan programs.
About You
- A minimum of 5 years of experience in regulatory compliance in the banking/commercial lending industry.
- Experience with small business lending.
- Solid understanding of commercial lending compliance, NMLS, and CRA.
- Exhibits excellent written and verbal communication, decision quality, interpersonal skills and a high level of attention to detail – strong commitment to internal stakeholders.
- Proactive in identifying and resolving issues.
- Able to assess risks and provide thoughtful advice in a fast-paced environment
- Work collaboratively on cross-functional teams in an efficient and productive manner to effect change and achieve common goals.
- Experience managing license acquisition and maintenance related to NMLS and other state regulator licensing requirements.
- Well-versed in regulatory reporting requirements.
- Able to independently solicit information and input from different stakeholders as necessary and appropriate
- Proactive in identifying compliance gaps and implementing corrective actions.
- Highly skilled in managing compliance related projects such as audits, policy rollouts and updates, and enhancements.
- Proficient user of Excel and reporting software for data analysis to monitor compliance trends and identify risks.
- Strong ability to identify, assess, and mitigate compliance risks and implement risk control processes.
- Possess an interest in and willingness to learn new skills
- Understand and follow complex workflow processes and organizational policies
- Experience working with or knowledge of Community Development Finance Institutions (CDFIs) or industry
- Ability to thrive in a fast-paced environment and successfully manage tight deadlines with minimal to no supervision and across multiple time zones
Key Competencies & Preferences
Bachelor’s degree in Business Administration, Finance, or other closely related field of study and/or equivalent education and working experience.
Organizational Policies
Community Reinvestment Fund USA, Inc is an affirmative action equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status or any other characteristic protected by law.
Candidates must reside in and be authorized to work in the United States without sponsorship.
CRF’s Theory of Change
CRF’s Theory of Change is the strategic framework used to guide its work. While CRF’s mission remains constant, the Theory of Change outlines how it contributes to the changes it seeks.
The challenge CRF works to address
The current economic system, perpetuated by institutional racism, individual biases and disparities, is unjust. It fosters the inequities that are causing widening disparities in incomes, wealth, and opportunity gaps.
A just economy that works for all
CRF’s Theory of Change is underpinned by the conviction that small businesses are the backbone of our economy, employing nearly half of the U.S. workforce and generating two-thirds of new jobs. CRF believes that providing small businesses equitable access to capital and support services is essential to creating a just economy that works for all.
CRF activates its mission by:
- Co-creating and deploying innovative financial products and services that address the barriers and inequities small businesses operated by historically excluded people face.
- Designing and managing financial programs that attract incremental impact capital to communities with a history of underinvestment.
- Orchestrating a network of trusted small business support organizations enabled by technology.
- Growing the capacity of community development finance organizations.
- Helping small businesses navigate the complexities of the small business support ecosystem.
CRF STANDS IN SOLIDARITY
Community Reinvestment Fund, USA (CRF) stands in solidarity with all fighting for social justice, equity, and transformational change. They know that the social changes taking place today will yield a lasting positive impact on the lives of millions.
DIVERSITY, EQUITY & INCLUSION:
CRF is dedicated to building and sustaining a truly diverse, equitable, and inclusive culture. These are not just words on a page – Diversity, Equity & Inclusion are top priorities for the organization, and tie deeply to each of their core values and overall vision for the future. CRF is an equal opportunity employer that evaluate applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity, or other characteristics protected by law.
CORE VALUES
Create Equitable Economic Opportunities, Lead Through Collaboration, Transform Through Innovation, Excel In All They Do, Act with Integrity.
How We Help
Together with its partners – including community leaders, nonprofit lenders, financial institutions, foundations and more – CRF is creating new strategies and technologies that build stronger local economies, create jobs and support economic mobility.
CRF is headquartered in Minneapolis, Minnesota. For a more detailed description of the incredible work we do, how we do it, and who we are, please visit www.crfusa.com.
What We Offer
- Most positions offer flexibility for remote work
- Health, dental, and vision insurance
- 401K with a 5% match – eligible to participate after 6 months
- Paid Time Off (PTO)
- Hybrid Reimbursement Program
- Educational Assistance
- Long-Term and Short-Term Disability
- Life Insurance
- 10 Federal Holidays plus 2 Floating Holidays
How to Apply
Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to improve lives and strengthen communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF supports mission-driven organizations, increases economic mobility, and builds strong local economies through the development of solutions aimed at creating an equitable financial system. CRF has injected more than $3.6 billion to stimulate job creation and economic development and support community facilities.