CRA & Compliance Officer

For 30 remarkable years, International Finance Bank has been a cornerstone of financial stability and exceptional customer service in Miami, South Florida, Central Florida, and New York City.

We don’t just offer financial services; we create thriving communities, support businesses, and empower professionals. At IFB, we’re not just a bank;

we’re a family, a team, and a force for positive change, providing tailored solutions with a human touch.

Why Join Us?

Here at IFB, we’re more than just a workplace; we’re a community. Our dedication to service excellence has earned us prestigious accolades, including being recognized as a Best Place to Work by the South Florida Business Journal.

We’ve received the DBR Best of badges for Top 3 Best Community Bank, and we’re in the Hall of Fame for Best Business Bank, Best Bank for Commercial Real Estate Lending, Best Bank for Jumbo Loans, and Best Bank for Foreign National Mortgage Lenders.

The CRA & Compliance Officer is responsible for overseeing and ensuring compliance with both the Community Reinvestment Act (CRA) regulations, consumer and other compliance requirements within the bank.

This position involves developing, implementing, and maintaining a comprehensive compliance program to address CRA obligations, including monitoring lending, investments, and services provided by the bank to low and moderate-income communities.

The CRA & Compliance Officer collaborates with internal departments to assess CRA performance, identify areas for improvement, and implement strategies to meet CRA goals and objectives.

Additionally, this role involves ensuring adherence to consumer and other compliance regulations, such as fair lending, anti-discrimination laws, and applicable consumer protection as well as other regulations. T

IV. Primary Duties

• Develop, implement, and maintain a comprehensive compliance program to address all regulatory requirements, including but not limited to Regulation O, Regulation W, and Community Reinvestment Act (CRA) regulations.
• Stay current with changes in financial regulations and ensure the institution’s policies and procedures remain up to date.
• Conduct regular risk assessments to identify potential compliance vulnerabilities and recommend corrective action.
• Collaborate with relevant departments to mitigate compliance risks.
• Develop and maintain compliance policies, procedures, and guidelines to ensure all employees are aware of and adhere to these policies.
• Prepare and submit regulatory reports accurately and within specified timeframes.
• Work with Management and various Bank Departments to address compliance-related questions, issues, and concerns.
• Remain abreast of new and amended laws and regulations and lead the Bank’s related compliance change management processes.
• Maintain a thorough understanding of Regulation O, Regulation W, and CRA requirements, ensuring compliance with their respective requirements, including insider lending restrictions, affiliate transactions, reporting obligations, and CRA performance evaluations.
• Provide internal compliance training to employees to ensure a clear understanding of regulations and CRA requirements.
• Ensure compliance with regulations such as the Truth in Savings Act (TISA), Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), Fair Debt Collection Practices Act (FDCPA), Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Home Mortgage Disclosure Act (HMDA), and Fair Housing Act (FHA).
• Review and approve consumer lending products and marketing materials to ensure compliance with regulatory requirements and consumer protection laws.
• Monitor the bank’s practices related to loan servicing, debt collection, and credit reporting.
• Review and ensure accuracy of loan disclosures, including Loan Estimates and Closing Disclosures, .
• Monitor underwriting and loan origination processes to ensure adherence to fair lending practices and anti-discrimination laws.
• Participate in Compliance Board Reporting.
• Assist with the review and resolution of consumer complaints received by the Bank.
• Participate in FDIC and State Compliance Examinations (FL and NY).
• Coordinate and manage regulatory audits and examinations.
• Respond to regulatory inquiries and findings, implementing necessary corrective actions.
• Establish and conduct ongoing monitoring and testing of compliance controls.
• Identify and resolve compliance issues as they arise.
• Maintain accurate and organized records of compliance-related activities.
• Ensure the Bank displays appropriate CRA Lobby Notice and maintains the Bank’s CRA Statement and Public File in accordance with CRA requirements.
• Ensure the Bank’s CRA Statement is readily available to the public upon request.
• Maintain records of CRA Public Comments and ensure they are promptly forwarded to the CRA Officer for investigation and action.
• Schedule and perform internal CRA Performance Evaluations (Self-Assessments) in a timely manner.
• Maintain an appropriate CRA strategic plan to meet the lending, investments, and services needs of the Bank’s designated assessment areas.
• Ensure all required documentation is readily accessible for audits and examinations.
• Document findings by preparing reports that are clear and comprehensible to managers, internal auditors, and regulatory examiners.
• Communicate effectively with peers, frontline, and management when requesting information or documentation and addressing concerns or findings.
• Adhere to Bank policy, procedure, and regulatory requirements.
• Manage workflow to specified deadlines and complete responsibilities satisfactorily.
• Maintain strict confidentiality.
• Complete all job-related training in a timely manner and attend seminars or continuing education as directed.
• Perform any other assignments as directed by the Chief Compliance Officer.
• Develop, implement, and maintain a comprehensive compliance program to address all regulatory requirements, including but not limited to Regulation O, Regulation W, and Community Reinvestment Act (CRA) regulations.
• Stay current with changes in financial regulations and ensure the institution’s policies and procedures remain up to date.
• Conduct regular risk assessments to identify potential compliance vulnerabilities and recommend corrective action.
• Collaborate with relevant departments to mitigate compliance risks.
• Develop and maintain compliance policies, procedures, and guidelines to ensure all employees are aware of and adhere to these policies.
• Prepare and submit regulatory reports accurately and within specified timeframes.
• Work with Management and various Bank Departments to address compliance-related questions, issues, and concerns.
• Remain abreast of new and amended laws and regulations and lead the Bank’s related compliance change management processes.
• Maintain a thorough understanding of Regulation O, Regulation W, and CRA requirements, ensuring compliance with their respective requirements, including insider lending restrictions, affiliate transactions, reporting obligations, and CRA performance evaluations.
• Provide internal compliance training to employees to ensure a clear understanding of regulations and CRA requirements.
• Ensure compliance with regulations such as the Truth in Savings Act (TISA), Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), Fair Debt Collection Practices Act (FDCPA), Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Home Mortgage Disclosure Act (HMDA), and Fair Housing Act (FHA).
• Review and approve consumer lending products and marketing materials to ensure compliance with regulatory requirements and consumer protection laws.
• Monitor the bank’s practices related to loan servicing, debt collection, and credit reporting.
• Review and ensure accuracy of loan disclosures, including Loan Estimates and Closing Disclosures, .
• Monitor underwriting and loan origination processes to ensure adherence to fair lending practices and anti-discrimination laws.
• Participate in Compliance Board Reporting.
• Assist with the review and resolution of consumer complaints received by the Bank.
• Participate in FDIC and State Compliance Examinations (FL and NY).
• Coordinate and manage regulatory audits and examinations.
• Respond to regulatory inquiries and findings, implementing necessary corrective actions.
• Establish and conduct ongoing monitoring and testing of compliance controls.

Skills / Education / Experience

VII. Education and / or Experience

• Bachelor’s degree from four-year college or university preferred.
• Five (5) to ten (10) years of related regulatory compliance regulations experience.
• A deep understanding of relevant regulations and industry best practices.

VIII. Language Skills

• Ability to speak, read, write and understand English and Spanish.
• Ability to interpret account documents presented by clients in English or Spanish.
• Ability to respond to complex inquiries from customers on administrative matters on their accounts.
• Ability to relate well with others and quickly creating a working teamwork environment.

IX. Other Skills and Abilities

• Strong interpersonal and communication skills.
• Excellent organizational skills.
• Ability to operate a personal computer, including Microsoft Word, Excel, Outlook, and Teams.
• High regard to the importance of confidentially.
• Professional and service-oriented demeanor.
• Strong problem-solving skills.
30+ days ago