Community & Econ. Dev. Mgr. I - Chicago Illinois

Location: Chicago, Illinois
Posted On: 11/05/2024

GENERAL FUNCTION: Responsible for managing Affiliate risk associated with fair lending and CRA practices and policies. Must provide local expertise and effectively communicate with Affiliate senior management team as well as other keyexternalstakeholders. Will lead implementation of Bancorp#s CRA/Fair Lending strategic plan to enhance Affiliate performance and mitigate risk.





ESSENTIAL DUTIES AND RESPONSIBILITIES:


* Analyze and present Quarterly Affiliate Reports (CRA and fair lending) to affiliate senior management.


* Complete and submit quarterly and annual Self-Assessment Reports.


* Complete mandatory CRA & Fair Lending Training (Continuing Education Program).


* Meet all Community Affairs/CRA program deadlines including submission of performance data, i.e., affiliate funded investments, community service activities and CDL reporting.


* Comply with all risk management policies, procedures and standards as outlined in CRA Alerts and directives issued by Community Affairs/CRA.


* Manage Affiliate#s FHLB-AHP process ensuring compliance with risk management procedures as well as leverage business opportunities associated with AHP transitions (engage appropriate sales team members).


* Understand and promote use of FHLB-Welcome Program and other subsidy mortgage financing subsidies that strengthen affiliate#s lending performance.


* Understand and promote use of community development/reinvestment programs/initiatives/subsidies available via state and municipal governments that advance the Affiliate#s community development lending and position the Affiliate as a market leaderincommunity reinvestment matters.


* Serve on community development related board/committee/task force(s) in assigned market(s).


* Meet with Fifth Third CDC representatives to discuss and explore possible lending and investment opportunities in assigned markets.


* Develop and cultivate relationships that lead to measurable lending and deposits opportunities for Fifth Third.


* Communicate and successfully manage issues from the Fifth Third CRA and Fair Lending Risk Management Tracking System.


* Establish and maintain a strong network of market community development intermediaries (including government agencies), and non-profit and for-profit organizations.


* Manage Foundation process for CRA funding and ensure compliance of policies and procedures.


* Manage Bancorp community development service products in compliance with corresponding policies and procedures---eBus, Young Bankers club, Smart Bankers, Latino Initiative (if applicable).





SUPERVISORY RESPONSIBILITIES: This position may manage one or more team members. If so, the position will be responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potentialandprovide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.


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