Community Reinvestment Analyst (HYBRID)

ID
2022-16027
Job Locations
US-CA-San Francisco

 

At First Republic, we care about our people. We offer extraordinary client service in private banking, private business banking and private wealth management. Founded in 1985, we believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued at First Republic.

Incredible teams doing exceptional work, every day. We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

 

This multi-faceted position offers great exposure for an experienced, high performing individual to develop a career in the community reinvestment area.

 

Major responsibilities include performing ongoing, in-depth analysis for CRA lending, investment, and services activities; and preparing community development, and compliance-related reports and presentations for senior management and Federal regulators.The individual will assist in managing CRA data processes, including validating CRA eligible activities, creating analytic reports, and managing data quality control; lead efforts to acquire data from primary and secondary sources, review documentation for data accuracy, and creating reports.  The position will also maintain existing databases, intrepret data, and analyze results. Additional duties will include working with the business teams to increase process efficiency, assist with exam preparation and management and participe in planning for the regulation change management process resulting from CRA reform.

 

The candidate will contribute to internal CRA policy and strategy discussions, and be proficient in using CRA Wiz and the Microsoft Office suite of products to analyze competitive, demographic, and economic data in order to develop a proper framework for FRB's CRA performance.

 

What you'll do as a Community Reinvestment Associate:

  • Assist in the analyzing, reporting, and monitoring of CRA and HMDA reportable activities using CRA Wiz or equivalent software to geocode, generate reports and provide analyses of CRA-qualified activity at the Bank and regional levels on a monthly and/or as needed basis. Assist senior CRA personnel in the analysis and reporting of CRA-qualified activities to key business partnes in fulfilling CRA goals. CRA or commercial lending and/or HMDA experience is preferred. 
  • CRA Investment: Assist in the validating, collecting, monitoring, and maintaining existing database of a large and complex CRA investment portfolio with a focus on documenting, identifying, and communicating risks to the Community Reinvestment group and key business partners using Excel and/or MS Office Suite applications as needed.
  • Conduct Community Development Loan (CDL) Analyses and Validation: On a monthly basis, perform detailed analyses, monitor, and document community development loans originated by the Bank. This involves gathering information on loan transactions, conducting online research, prepare written analyses to determine eligibility of CRA-qualified loans using Excel and other MS Office Suite applications on an ongoing basis. Assist in the monitoring and reporting of CRA-qualified activities compared to market performance at Bank and regional levels for Committee, regional and/or executive management reports and the Bank's annual submission to the Fed.
  •  CRA-related programs and initiatives: Assist in coordinating, monitoring, collecting, and documenting CRA-related programs and initiatives on an on-going basis while collaborating with internal key stakeholders, external community partners, and regulatory examinations as requested in a timely manner. Familiarity with affordable housing down payment assistance programs provided by the Federal Home Loan Bank of San Francisco (FHLBSF) such as: AHP, WISH/IDEA, AHEAD, local municipalities and/or state/federal programs is preferred to assist in the analysis and application process.
  • Small Business Loan (SBL) validation reviews: Assist in performing detailed and accurate independent reviews of CRA-reportable small business loans (in Excel). This involves retrieving and gathering loan data on each loan transaction, conduct and verify first-round information reviews to ensure data integrity, monitor and document reporting errors and make necessary corrections. Provide support and assist in the preparation of the Bank's annual submission to the FFIEC as required.  
  • CRA Technical Compliance: Assist the CRA group to ensure the Bank complies with the technical elements of the CRA regulation. This includes assisting in the annual update of the Bank's electronic CRA Public File in the CRA aspect of branch openings, conducting a CRA impact analysis assessment areas, proposed branch closing in low-or modertate-income (LMI) areas, conducting loan-to-deposit ratio analyses by state to ensure compliance with the Interstate Banking and Branching Efficiency Act (IBBEA) using Excel.
  • Other job functions: Assist in preparation of CRA training materials as necessary. Represent the Bank at various meetings, community functions, events, and/or seminars Handle various admininstrative duties. Provide assistance in ad hoc and special projects.
  • Perform duties & responsibilities specific to department functions & activities.
  • Performs other duties & responsibilities as required or assigned by supervisor.
  • Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank

Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

 

You could be a great fit if you have:

  • General to working knowledge and understanding of the Community Reinvestment Act, with data management or compliance experience
  • Possess organizational/project management skills, analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
  • General to working knowledge of banking industry and services
  • Strong written and verbal communication skills
  • Strong PC skills (Word, Excel, Power Point) and navigation of Internet
  • Strong organization and ability to track projects, requests and reporting requirements
  • Experience with statistical analysis, visual presentation and communicating results in presentations and reports
  • Possess strong analytical and problem solving skills and experience.
  • Team player
  • Provides extraordinary service

  • Furthers the First Republic Bank culture and values

  • The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.

Job Demands:

  • Must be able to review and analyze data reports and manuals; must be computer proficient
  • Must be able to communicate effectively via telephone and in person

 

Own your work and your career — apply now

Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career?  If so, then come join us.

 

We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability — that’s the First Republic way.

 

We believe that a diverse range of backgrounds and ideas has and will continue to be fundamental to the future success of First Republic.

 

If you are curious to learn more about this opportunity, we'd love to hear from you.

 

This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.

 

First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.

 

For New York City-based roles: Mayor Bill de Blasio announced that, effective December 27, 2021, all private sector employers?in New York City will be required to ensure that their employees are vaccinated against COVID-19 to attend work in the office. Reasonable Medical or Religious Accommodations may be requested if applicable to you. Please view New York’s Guidance on Accommodations for Workers for more information.

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