First Republic is a high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is to provide unparalleled client satisfaction, which will lead to personal referrals – a significant source of new business.
We recognize that our competitive advantage starts with our people and our culture. 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.
We are seeking a highly qualified Community Lending Officer (CLO) who has in-depth knowledge and experience in serving the low and moderate-income (LMI) and underserved communities. In this capacity, the CLO will serve as the frontline advocate and liaison for the Bank’s ongoing efforts to reach out and lend to this segment of the market. The CLO shall work closely with Relationship Managers, Executive Loan Committee (ELC), Secondary Marketing, Operations and Marketing to develop and implement lending programs and initiatives that help the Bank meet its LMI and minority lending objectives.
Product Manager for LMI/Underserved Markets: The CLO will serve as the frontline product manager for special lending programs targeting the LMI and underserved markets. This entails collaborating with and supporting the Community RM team in their lending effort throughout the Bank’s footprint.
In addition, the CLO will collaborate with other internal key stakeholders to develop new products and/or modify existing products when needed. In this regard, the CLO will be charged with developing and drafting product guidelines and parameters and coordinating the review and approval process for new/enhanced products. The position will serve as the frontline driver for product development and enhancement process from beginning to completion.
Eagle Community Product Manager: The CLO will serve as the frontline product manager for the Eagle Community Loan program targeting underserved minority communities and shall be the central point of contact for Relationship Managers, Operations, Secondary Marketing, ELC and Marketing regarding this product. In this capacity, the CLO shall implement bank-wide and regional lending strategies related to lending within underserved markets.
Operational Enhancement for LMI/Underserved Market Lending: The CLO will work closely with loan operations, the Community RM team and other stakeholders to ensure appropriate procedures are developed and implemented to approve, process, onboard, and service special program loans in accordance with program guidelines.
These programs include first time home buyers, below market rate (BMR) and other mortgage assistance programs offered by local cities and municipalities, as well as loans channeled through community broker relationships and nonprofit organizations such as Habitat for Humanity.
The CLO will collaborate with key stakeholders to ensure FRB positions itself quickly and effectively to take advantage of these special programs, which is an important part of the Bank’s targeted lending program. In addition, the CLO will serve as the frontline liaison for any external broker type relationships that the Bank engages with for underserved community lending and coordinate with appropriate stakeholders to ensure that these relationships are appropriately managed.
Community Development Lending (CDL): CDL is defined as lending to promote affordable housing, economic development, community services targeted to LMI communities, and revitalization and stabilization of LMI neighborhoods within the Bank’s footprint.
CDL is a key component of FRB’s targeted lending program. When the need arises to increase CDL in certain geographic areas, the CLO will work closely with the regional offices to source and actively pursue CDL opportunities in the targeted areas. These opportunities shall include individual transactions as well as community loan pool participation. The CLO will serve as the frontline liaison to coordinate and move these transactions forward in a timely and effective manner.
Perform duties & responsibilities specific to department functions & activities or as assigned by supervisor.
Responsibilities include the following: 1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.
Skills, Knowledge, and Abilities:
The successful candidate must be self-motivated, resourceful and effective in developing and implementing targeted lending initiatives in a dynamic and fast-paced environment.