FVP/SVP, Director of Community Development

FVP / SVP, Director ofmunity DevelopmentPeople Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes,e join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success.

We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals.

We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of ourmunities.

Apply today!

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GENERAL SUMMARY

The Director ofmunity Development is responsible for developing, implementing, and administering the Bank'smunity Reinvestment Actpliance Program.

This position establishes, participates, and maintains relationships withmunity based, charitable, and non-profit organizations.

Develops and implements programs to ensure the Bank meets the needs of themunity and achieves Cathay Bank's CRA performance goals.

DIRECT REPORTS

Manages all team members in the department.

ESSENTIAL FUNCTIONS

• Develops, implements, and administers the Cathay Bankmunity Reinvestment Actpliance Program, including but not limited to, developing, and implementing appropriate polices, standards, and procedures.
• Partners with the line of business to create and maintain a strong, proactive culture of CRApliance.
• Establishes and maintains relationships with variousmunity based charitable, and non-profit organizations and activities.
• Participates in at least twelve (12) events / visits to / for various organizations to support the CRA efforts of the Bank.
• Develops and implements lending and deposit programs, products, and services for low to moderate ie customers; ensures the Bank meets the needs of themunity it serves and achieves CRA performance goals;

develops and responds tomunity concerns as they arise.

Assists loan and relationship officers in building and maintaining amunity development loan and investment portfolio for the Bank by seeking, analyzing, proposing, and originating lending and investment opportunities;

ensures opportunities for grants, investments, or loans to qualify under CRA guidelines.

• Develops data principles for ongoing analysis and outreach efforts.
• Assists in the development of presentation materials for management, Board of Directors, and regulatory agencies, at least quarterly.

Participation in joint calls may be required.

As requested, makes necessary preparations for CRA audits or exams; responds to external auditors and regulatory examiners when appropriate as related to CRA statistical and performance data;

partner in remediation efforts as appropriate.

• Assists in or conducts CRA training to Bank personnel when required or as needed. If budget permits, may need to travel to various business locations including out of state, otherwise utilize other mediums such as video or telephone conferencing to ensure the effectiveness of an enterprise CRA.
• Responsible for management of Cathay Bank Foundation grant charitable contribution functions.municates the availability of grants and low-cost financing to qualified CRA individuals and organizations through the Bank's programs, products, and services and with state and federal programs;

provides technical assistance and guidance in the preparation of applications to maximize the rate of approval. Ensures timely distribution of related materials and publications to designated personnel related to CRA grants and services andmunity Development activities / sponsorships.

• Reconciles and handles the Cathay Bank Foundation checking account, manages the Foundation budget, track and monitor account activity, and disburses funds.
• Assists the line of business Senior Management in identifyingpliance risks and emerging issues applicable to their ongoing and proposed business activities.
• Collaborates with Business Line to design processes thatply with applicable laws and regulations, regulatory guidance, and emergingpliance trends, including creating and implementing effective preventive and detective internal controls.
• Develops risk-based monitoring programs to measurepliance risk.
• Develops and maintains expertise on laws and regulations applicable tomunity Reinvestment Act.
• Collaborates with the line of business on corrective action or remediation plans for identifiedpliance weaknesses.
• Develops annualpliance plans and quarterly risk ratings.
• Reports the level ofpliance risk, significantpliance issues, and risk trends to the Chiefpliance Officer, the Business Line Senior and Executive Management, the Board of Directors, or othermittees operating on behalf of the Cathay Bank Board, as required.
• Tracks regulatory issues and risks.

QUALIFICATIONS

Education :

Bachelor's degree preferred but not mandatory.

Experience :

Minimum 7-10 years of practical CRApliance experience in bank of similar size andplexity required to perform duties effectively.

pliance expertise in the CRA regulatory requirements, regulatory guidance, and emergingpliance trends.

Skills / Ability :

• Ability to work independently and as a team to solve problems efficiently, effectively, and on-time.
• Strong oral and writtenmunications skills.
• Ability to focus on and remain current on recentpliance issues by reading regulatory bulletins, industry papers, and other related materials.
• Ability to function as a leader, influence others and provide guidance and consultation as a subject matter expert.
• Ability to deal withplex problems involving multiple facets and variables in non-standardized situations.

OTHER DETAILS

$130K - $175K / year

Pay determined based on job-related knowledge, skills, experience, and location.

Cathay Bank offers its full-time employees apetitive benefits package which is a significant part of their totalpensation.

It is our goal to provide employees with aprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) withpany contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace.

We wee applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

Click here to view the EEO is the Law poster in English. Poster- English

Click here to view the EEO is the Law supplement in English.Supplement- English

Clic aquí para ver la EEO es la Ley póster en español. Poster- Spanish

Clic aquí para ver la EEO es la Ley suplemento en español.Supplement- Spanish

点击这里查看EEO是法律海报的中文Poster- Chinese

点击这里查看EEO是法律和补充條例的中文"Supplement- Chinese

Cathay Bank endeavors to make CathayBank accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistancepleting the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or This contact information is for amodation requests only and cannot be used to inquire about the status of applications.

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