Full-Time

Community Development Qualification Manager

Confirmed live in the last 24 hours

Fifth Third Bank

Fifth Third Bank

10,001+ employees

Offers diverse banking and financial services

Fintech
Financial Services

Senior, Expert

Cincinnati, OH, USA

Category
Commercial Banking
Risk Management
Finance & Banking
Required Skills
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Bachelor's degree in finance, business administration, public administration, or equivalent work experience required.
  • Master’s degree or designation as a Certified Regulatory Compliance Manager (CRCM) preferred.
  • Minimum of 7 years’ experience in community development, CRA compliance, or a related field.
  • Advanced working knowledge of CRA regulations with a focus on community development activities.
  • Experience preferred in CD data validation or operational risk management. Must understand analytics and compliance risk framework. Experience in a cross-functional environment working with various consumer products and constructing and explaining CRA requirements are essential.
  • Demonstrated ability to lead a team in planning and accomplishing projects, identifying responsibilities, tasks, deadlines and pursuing their timely completion while producing a high-quality work product and summarizing large amounts of information in a concise manner.
  • Strong communication, time management, organizational, analytical, and problem-solving skills; attention to detail.
  • Proficient with Microsoft office products, such as Word, Excel, PowerPoint and Outlook.
Responsibilities
  • Evaluate and qualify community development (CD) loans, services, and investments to ensure compliance with CRA regulations.
  • Establish and maintain a first line testing process for CD activities, including robust data integrity quality control (QC) processes.
  • Maintain up-to-date knowledge of CRA regulations and guidelines.
  • Prepare and submit required documentation and reports to regulatory agencies.
  • Collaborate with internal departments, including lending, investment, and compliance teams, to identify and qualify CRA-eligible activities.
  • Build and maintain relationships with community organizations, government agencies, and other external stakeholders to identify community development opportunities.
  • Monitor the performance of qualified community development activities and ensure they meet CRA goals and objectives.
  • Prepare regular reports on the status of community development activities and their impact on CRA performance.
  • Provide training and guidance to internal teams on CRA qualification criteria and best practices.
  • Stay informed about industry trends and best practices in community development and CRA compliance.

Fifth Third Bank provides a variety of financial services to individual consumers, small businesses, and commercial clients. Its offerings include personal banking products like checking and savings accounts, mortgages, personal loans, and insurance options such as life and health coverage. For businesses, the bank offers services including business accounts, commercial loans, and treasury management. Fifth Third Bank's revenue comes from interest on loans, account service fees, and commissions from insurance and wealth management services. The bank aims to help clients achieve their financial goals through comprehensive financial planning and retirement services.

Company Stage

IPO

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • The bank's adoption of digital disbursements and treasury management solutions can enhance operational efficiency and attract tech-savvy clients.
  • Fifth Third Bank's diverse product offerings, including specialized services like down payment assistance, provide ample opportunities for career growth and specialization.
  • The focus on digitization and instant payments can lead to increased customer satisfaction and retention, driving long-term growth.

What critics are saying

  • The lawsuit alleging the opening of fake accounts could damage Fifth Third Bank's reputation and lead to regulatory scrutiny.
  • The competitive landscape in the B2B payments sector requires constant innovation to maintain market share, posing a challenge for sustained growth.

What makes Fifth Third Bank unique

  • Fifth Third Bank's focus on digital treasury and instant payment solutions positions it as a forward-thinking player in the financial services sector, adapting to pandemic-driven trends.
  • The bank's comprehensive range of services, from personal banking to wealth management, allows it to cater to a diverse clientele, unlike competitors with a narrower focus.
  • Fifth Third Bank's involvement in the B2B payments sector, particularly through the use of APIs, highlights its commitment to innovation and efficiency in financial transactions.

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