VP, Community Reinvestment (CRA) Officer

Axos Bank

Target Range:$100,000.00/Yr. - $115,000.00/Yr.

Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 10%

Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 10%

These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

About This JobIf you have community engagement experience and want to have a wider impact, this opportunity is also for you.

The VP, Community Reinvestment Act (CRA), under the direction of the SVP Lending Compliance & LQC, is responsible for day-to-day management of the Bank's CRA strategy, planning and oversight program. Maintain the Bank's CRA Performance Context Report outlining results for Lending, Services, and Investments. Serve as Co-Chair for the CRA Management Committee.

The Compliance team works to ensure compliance with applicable laws and regulations, which enables the bank to operate successfully and to continue the bank’s growth and innovation in a highly regulated environment. Consistent with its expertise, Compliance also leads the CRA, Fair Lending, Training, and Policy development at the bank. The Compliance division is a small, nimble group of Subject Matter Experts (SMEs) that provides sound guidance to Business Units in support of the Unit’s growth and innovation objectives.

This Lending Compliance sub-division works to ensure compliance with the Bank’s credit policies, underwriting guidelines, and applicable federal laws and regulations which guide the Bank’s lending operations to allow successful continuance of the bank’s growth and innovation in a highly regulated environment. Consistent with its expertise, the Lending Quality Control (LQC) division is a small group of experienced underwriting/compliance staff that produces focused reports to the Lending Compliance Division and the applicable Business Units regarding the results of their review activity.

Responsibilities:

Prepare Annual CRA report to the FFIEC.

This encompasses preparing the raw data, verifying accuracy, submission and providing responses to queries from the FFIEC.

Maintain the Bank's CRA Public File according to regulatory requirements.

Engage and identify various internal or external lending programs that can be developed and initiated to positively impact the Bank's CRA ratings.

Prepare grant proposals for new Community Development service opportunities for approval.

Ensure community development lending and banking relationships are fully developed including retail banking needs.

Update as necessary the Community Development lead sheets, the CRA Scorecard, and its varying components.

Engage and coordinate with the Treasury Department to recommend or validate additional opportunities for Community Development investment activities of third party organizations dedicated to providing loans and/or engaged in development of LMI housing, particularly in LMI areas.

Supports Bank's efforts on all corporate compliance audits and Agency compliance examinations, including advance preparation, coordination of all information gathering between business units during the audit/exam and remediation actions.

Requirements:

Bachelor's degree.

3+ years experience in banking or mortgage banking or audit or regulatory compliance, with CRA regulation experience. Alternatively, 3+ years experience in community outreach and engagement work in CDFI, MDI or Non-Profits, preferably in fundraising, and project work, with some familiarity with financial CRA regulation.

Strong analytical skills and attention to detail.

Strong organization, project leading and planning, and communications skills are required.

Experience with Microsoft Excel desirable.

Preferred Experience:

Charitable and community outreach experience

CRA and regulatory compliance experience

Project management experience

Axos Employee Benefits May Include:

Medical, Dental, Vision, and Life Insurance

Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)

HSA or FSA account and other voluntary benefits

401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan

Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading

About Axos

Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.

Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).

Learn more about working at Axos

Pre-Employment Background Check and Drug Test:

All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.

Equal Employment Opportunity:

Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.

Job Functions and Work Environment:

While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.

The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

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