CRA DATA ANALYTICS MANAGER
WHAT IS THE OPPORTUNITY?
The CRA Data Analytics Manager will be the technical expert who is reliable and knowledgeable resource for Community Reinvestment Act (CRA) reporting requirements. This position will assist with ensuring the Bank meets the regulatory requirements of a large institution in compliance with the Community Reinvestment Act (CRA) and directing and coordination of day-to-day regulatory changes to the new CRA Modernization. Develops and oversees the CRA data reporting of CRA Lending, Investment, and Service.
What you will do
- Demonstrate a comprehensive understanding of how areas of CRA analysis collectively integrate to contribute to achieving the Bank's overall CRA performance goals.
- Manage the development of CRA regulatory strategic planning related to changes to CRA Regulation.
- Project design and management, coordinating on behalf of the CRA Department with internal stakeholders.
- Exercise both thought leadership and initiative in developing and leading the bank's efforts to implement changes to the CRA program in response regulatory requirements.
- Stay abreast of CRA related regulatory changes and assist in implementation of requirements for the relevant line of business.
- Use CRA Wiz or RiskExec tool to oversee the process and management of data received from assigned CRA data reporting lines of businesses.
- Oversee loan file reviews and validate accuracy and completeness of data collected for CRA regulatory reporting purpose.
- Work with the lines of business (LOBs) to improve data quality and integrity through the accurate data collection processes and sound operational controls to mitigate risks.
- Log and track data issues detected during monthly processing and data integrity reviews and work to address and resolve issues with LOB and Technology department (TECH)
- Oversee the annual submission for a complete and accurate CRA Loan Registers (LRs) to the appropriate regulatory agency.
- Prepare timely reports on data errors and process deficiencies for distribution to LOB management. Analyze data errors to determine trends and monitor corrective actions to measure performance and responsiveness by business units.
- Oversee the analysis on community development loans by gathering information, conducting demographic, economic, and market research to determine eligibility.
Must-Have*
- Bachelor's Degree or equivalent Economics, Statistics, quantitative research, or a related field
- 5+ years of experience in Data Reporting, CRA or Compliance function
- Prior management experience
- Experience in a cross- functional environment working with various consumer and commercial products
- Knowledge of CRA reporting software and designing reports in database such as Tableau
Skills and Knowledge
- Some knowledge of 1071 Rule.
- Proficient with Microsoft office products, such as Word, Excel, PowerPoint and Outlook.
- Strong attention to detail.
- Strong verbal and written communication skills.
- Strong time management, organizational, analytical, and problem-solving skills; attention to detail.
- Ability to work in a team environment, ability to multi-task and to be flexible.
- Knowledge of Compliance risk framework.
Compensation
Starting base salary: $122,535.00 - $208,715.00 per year. Exact compensation may vary based on skills, experience, and location.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks .
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
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What We Do
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
For more information about City National, visit the company’s website at cnb.com.
*City National Bank does business in Miami and the state of Florida as CN Bank.
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