Community Reinvestment Act / CRA Program Manager
Company: Alliance Data
Location: Bowling Green
Posted on: June 9, 2021
Location: 09 - USA Utah Work From Home
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The Community Reinvestment ("CRA") Program Manager is responsible
for supporting and helping grow Comenity Capital Bank's CRA
Program, owning particular program elements, and may have CRA
duties assigned related to sister bank, Comenity Bank, located in
Wilmington, DE (both Limited Purpose institutions). This position
manages data collection, analysis and development of key regulatory
and compliance management reports, documentation, and dashboards.
This position is responsible for preparing presentations,
coordinating community and associate volunteer events, benchmarking
peer bank performance for compliance with the CRA, staying current
on associated trends, and assessing community needs. This position
also assists the CRA Officer in community outreach and establishes,
participates and maintains relationships with community based,
charitable, and non-profit organizations. The ideal candidate
develops and implements innovative volunteer and grant programs, as
well as helps identify qualified investment opportunities, to
ensure the Banks meet the needs of their communities and attain CRA
Executes key elements of the Annual CRA Plan
- Lead compliance of the CRA Service (volunteer) Test.
Create innovative community engagement opportunities for the Bank,
including but not limited to service related
activities. Document and report associate engagement in
qualifying volunteer activities per regulatory standards.
Coordinate the grant making process of CRA qualifying charitable
donations. Review incoming grant requests, develop unique program
opportunities for the Bank's funds, make recommendations to CRA
Officer and CRA Committee, facilitate deployment of funds, manage
annual budget, and maintain accurate records. Assess, research, and
report to CRA Committee ongoing community needs and demographic
trends of the stated assessment area(s) to continuously inform Bank
Leadership of potential CRA Plan adjustments and help keep the
Bank's performance context current. Interface with community groups
to validate the needs of the assessment area(s).
Manage components of the Bank's CRA Goals and Reporting
of overall Goals - Partner with CRA Officer
in preparing for CRA Committee and Board Meetings, including
preparation and analysis of reports and dashboards with key CRA
program indicators and trends. Partner with affiliate teams to
track and report CRA qualifying volunteer work and charitable
donations nationwide. Develop compelling summary stories on the
Bank's community engagement and report as necessary to CRA
Committee and for use at Bank Townhall meetings. Maintain the CRA
Public File. Stay current on the CRA regulation, know the
Q&A's, and monitor early warning signs. Be an ambassador of
information to fellow associates and senior leaders, including
delivering CRA training.
Manage Regulatory and Examination Documentation
- Work with CRA Officer to be "exam ready"
with current self-assessments, performance context, needs
assessment, etc. Document CRA related activities and assist in
preparation of audits/examination of the program, including
procedures. Maintain thorough and complete documentation of
service, grants, and community development investments/loans
including the purpose, area benefitted, and outcomes. Assist CRA
Committee as needed to maintain accurate minutes of Committee
Build relationships in the community
- Conduct CRA-related site visits/assessments as
assigned. Attend CRA-related training and round tables offered by
regulatory agencies and/or industry associations to stay up to date
on regulatory changes. Utilize these trainings as best practice
gathering opportunities and industry research to be reported to CRA
Committee. Serve and actively participate on at least one
non-profit board, or community task force. Represent CRA Officer
and the Bank's CRA Program as needed.
Other Duties as Assigned - Lead the
coordination of special projects and/or segments of the Bank's CRA
Program. Assist in the aggregation of lending data, preparation,
and filing of annual CRA Data Report with Federal Reserve Bank.
Geocode activities and pull U.S. census data as needed. Partner as
needed with ADS Corporate Responsibility team on initiatives
(e.g. fair and responsible banking,
financial literacy programs, etc.). Demonstrate outstanding verbal
and written communication skills when working with internal and
Reports to: CRA Officer
Working Conditions/ Physical Requirements: Normal
office environment, some travel may be required.
Direct Reports: None
Bachelor's Degree or equivalent
experience in Business,
Compliance, Finance, Accounting or
Fiveor more years in
Seven or moreyears experience working
on CRA related projects, compliance, and/or professional
non-profit community based
Bachelor's Degree (Required)
Five or more years
Banking, Community Reinvestment Act, Compliance, Excel Functions,
About Alliance Data Card Services
Alliance Data Card Services provides market-leading private
label, co-brand, general purpose and commercial credit card
programs, digital payments and Comenity-branded financial services.
Using the industry's most comprehensive and predictive data set,
advanced analytics, and broad-reaching capabilities, Alliance Data
Card Services has been helping partners increase sales and provide
greater value to their customers for more than 30 years. Follow
Alliance Data Card Services on Twitter, Facebook, LinkedIn and
A division of Alliance Data, Bread is a leading digital
payments company that works with merchants and partners to
personalize payment options for their customers. Through its
full-funnel recommendation engine, Bread empowers merchants to sell
more, improve conversion and lift average-order-value. Follow Bread
on Twitter, Facebook and LinkedIn.
Alliance Data Card Services and Bread are a proud part of
the Alliance Data enterprise, a FORTUNE 500 and S&P MidCap 400
company headquartered in Columbus, Ohio with approximately 8,000
Alliance Data offers a competitive salary, a comprehensive
selection of benefit options including 401(k).
All job offers are contingent upon successful completion of
credit and background checks.
Alliance Data is an Equal Opportunity
Alliance Data will provide accommodations to applicants
needing accommodations to complete the application
Any applicant offered employment will be required to
establish that they are legally authorized to work in the United
States for Alliance Data.
Alliance Data participates in E-Verify.
Alliance Data will consider for employment qualified
applicants with criminal and credit histories in a manner
consistent with the requirements of all applicable laws, including
the City of Los Angeles' Fair Chance Initiative for Hiring
Alliance Data complies with the Americans with Disabilities
Act (ADA), as amended, and all applicable state/local laws.
Applicants with disabilities may contact Alliance Data to request
an arrange for accommodations. If you need assistance to
accommodate a disability, you may request an accommodation at any
time. Please contact the Recruiting Team at (see application
Keywords: Alliance Data, Bowling Green , Community Reinvestment Act / CRA Program Manager, Other , Bowling Green, Kentucky
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