IL CRA Advisor (#Hybrid - Perm at our Chicago HQ near O'Hare Airport)

In this role, you will be responsible to develop, implement and maintain various elements of Alliant Credit Union's Fair & Responsible Banking ("F&RB") program. Maintain and demonstrate current knowledge of applicable state and federal consumer protection laws and regulations which primarily focus on the IL CRA and HMDA, but may also include elements of ADA, MLA, FCRA, FDCPA, FHA, SCRA, and the portions of Dodd-Frank as it relates to fair lending and UDAAP. As a second line of defense ("2LOD") subject matter expert ("SME"), advise the first line of defense ("1LOD"), lines of business ("LOB"), and risk partners to ensure that Alliant's policies, procedures, products, and services are compliant with the ever-changing aforementioned laws and regulations. Serve as the Illinois CRA SME for regulatory exams, compliance testing reviews, and audits..
Responsibilities

• Assist the F&RB leader with expanding and building out a robust Illinois CRA (IL CRA) program.
• Generate various reports through CRA wiz, input different types of data sets, build out assessment areas/fields, create layered maps, and use the output of said reports to identify enhancement opportunities.
• Analyze lending activity for residential, consumer, and commercial data to determine if data meets the regulatory requirements of the IL CRA and assess if there are areas to improve and and provide a better service.
• Communicate IL CRA compliance requirements to the LOBs and help the LOB's develop processes that meet the regulatory expectations prescribed under the IL CRA.
• Partner with the LOB to help build out community development lending opportunities and identify qualified IL CRA volunteer activities.
• Collaborate with the 1LOD to help guide the development of retail banking services and products that help reach the underbanked and underserved populations within our assessment area/field.
• Ensure that Alliant's IL CRA activities are tracked, analyzed and modified as appropriate to ensure adherence to the IL CRA.
• Advise on various projects, third-party vendor relationships, and ad hoc questions as it relates to the Aliant's IL CRA program, within the F&RB program, and applicable consumer protection laws and regulations.
• Interpret existing and emerging laws, regulations, regulatory communications, and enforcement actions and perform an impact analysis to determine the potential impact on Alliant and the individual LOBs via written reports and/or advisory memos to guide management, risk partners, and the LOBs.
• Assist the HMDA Advisor to perform data integrity validations of HMDA data to ensure the data relied upon for the IL CRA analysis is accurate.
• Assess IL CRA risks by preparing annual risk assessments from an organizational, LOB, and product and life cycle standpoint.

Education:

• High School or Equivalent - Minimum
• Bachelors Degree - Business, Finance, Administration or related - Preferred

Years of Experience:

• 5 years - Federal CRA, HMDA or related - Minimum

License/Certification/Training:

• Preferred: CRCM Certification

You will benefit from:

• Competitive medical, dental, and free vision benefits
• Paid parental leave
• Competitive compensation plan
• Gym memberships discounts
• Generous PTO and banking holidays off
• Tuition reimbursement
• 401k with immediate employer match and vesting

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.