CRA Compliance Manager - Chicago Illinois

Company: Old National Bank
Location: Chicago, Illinois
Posted On: 11/20/2024

CRA Compliance Manager



Job Locations

US-IL-Chicago - US-IN-Evansville - US-IN-Indianapolis - US-KY-Louisville - US-TN-Nashville - US-MI-Grand Rapids - US-MN-St Louis Park






Category/Function

Risk/Security



Position Type

Regular Full-Time



Requisition ID

2024-15220



Workplace Type

On Site






































Overview









Old National Bank has been serving clients and communities since 1834. With $50 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We are currently seeking a CRA Compliance Manager that will be responsible for maintaining and overseeing an enterprise-wide program to adhere to the requirement of the Community Reinvestment Act and the Bank's Community Growth Plan (CGP). The role includes establishing objectives, monitoring performance and advising business areas in developing strategies to achieve the Bank's desired CRA performance rating and satisfying CGP objectives. The role is a specialized senior Compliance role with direct interactions with senior business leaders and the Bank's regulators. Key AccountabilitiesMaintain a robust CRA Compliance policy and program that ensures the Bank satisfies all aspects of the Community Reinvestment Act, including: evaluating and defining the Bank's assessment area; tracking and review eligible lending, investments and service activities; coordinating the development of CRA training and guides for staff; publishing required disclosures and maintaining the public file; retaining records demonstrating the Bank's performance; and responding to public requests for CRA information.Develop performance objectives designed to achieve the Bank's desired CRA performance rating and satisfy CGP commitments. Such objectives will be developed using analysis of industry best practices, peer group benchmarks and current regulatory or community expectations.Develop and produce ongoing reports to measure performance against objectives and work with stakeholders to recommend appropriate corrective strategies and action plans, when needed. Track and monitor the effectiveness of strategies and actions plans. Present such reports and progress against action plans to various market, management and governance meetings.Conduct periodic CRA self-assessments and peer reviews to evaluate the program's effectiveness.Track and monitor changes in the regulatory environment, including actively participating in industry groups that evaluate proposed rule changes.Review significant CRA community development investments, lending opportunities and other business initiatives or programs to determine the impacts on CRA performance. Serve as a "subject matter expert" on CRA eligibility as it relates to community development investments and lending opportunities and for the evaluation of key business initiatives.Ensure appropriate preparations for, and the coordination of, the Bank's regulatory performance evaluation and provide periodic updates to the Bank's regulators, as may be requested. Also, assist in the preparation of period meetings with, and reports to, community organizations related to CRA and/or the CGP. Partner with the Bank's Community Development (outreach) team and others to identify and promote creative programs to meet community development needs. Be a champion for community engagement. Key Competencies for Position People Leadership: