Community & Econ. Dev. Mgr. II

Location: Cleveland
Posted on: September 17, 2024

Job Description:

GENERAL FUNCTION: Responsible for managing Affiliate and state-wide risk associated with fair lending and CRA practices and policies. Must provide local expertise and effectively communicate with Affiliate senior management team as well as otherkeyexternal stakeholders. Will develop and implement CRA/Fair Lending strategic plan to enhance Affiliate performance and mitigate risk. Assists in driving policy and leading Bancorp strategic projects/initiatives for Bancorp CRA function.Responsiblefor oversight of multiple markets/primary cities and/or a market with increase complexity and inherent risk.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

SEE ACTUAL JOB DESCRIPTION FOR ALL ESSENTIAL DUTIES AND RESPONSIBILITIES

* Significant interface with the regulatory agencies concerning CRA and Fair Lending concerns.

* Participate in the Community Affairs/CRA performance assessment process.

* Take an active, formal role, as chair or co-chair, on projects that relate to CRA and Fair Lending concerns.

* Assist other affiliate CRA Managers on risk/compliance matters, as requested by the Lending Committee or Bancorp CRA leadership.

* Manage affiliate market, maintaining an overall performance rating of high satisfactory or higher.

* Present CRA and Fair Lending risk performance analysis annually to the affiliate Board of Directors.

* Attend advanced training programs on CRA and Fair Lending in an effort to remain current with changing regulations and requirements.

* Analyze and present Quarterly Affiliate Reports (CRA and fair lending) to Affiliate senior management.

* Complete and submit quarterly and annual Self-Assessment Report.

* Complete mandatory CRA & Fair Lending Training (Continuing Education Program).

* Meet all Community Affairs/CRA program deadlines including submission of performance data, i.e., affiliate funded investments, community service activities and CDL reporting.

* Comply with all risk management policies, procedures and standards as outlined in CRA Alerts and directives issued by Community Affairs/CRA.

* Manage affiliate#s FHLB-AHP process ensuring compliance with risk management procedures as well as leverage business opportunities associated with AHP transitions (engage appropriate sales team members).

* Understand and promote use of FHLB-Welcome Program and other subsidy mortgage financing subsidies that strengthen affiliate#s lending performance.

* Understand and promote use of community development/reinvestment programs/initiatives/subsidies available via state and municipal governments that advance the affiliate#s community development lending and position the affiliate as a market leaderincommunity reinvestment matters.

* Serve on community development related board/committee/task force(s) in assigned market(s).

* Meet at least quarterly with Fifth Third CDC representatives to discuss and explore possible lending and investment opportunities in assigned markets.

* Develop and cultivate relationships that lead to measurable lending and deposits opportunities for Fifth Third.

* Communicate and successfully manage issues from the Fifth Third CRA and Fair Lending Risk Management Tracking System.

* Establish and maintain a strong network of market community development intermediaries (including government agencies), and non-profit and for-profit organizations.

* Manage Foundation process for CRA funding and ensure compliance of policies and procedures.

SUPERVISORY RESPONSIBILITIES: Providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential by providing challenging opportunities; developing the appropriate talent pool to ensure adequatebenchstrength and succession planning; recognizing and rewarding employees for accomplishments.

Keywords: , Cleveland Heights , Community & Econ. Dev. Mgr. II, PR / Public Relations , Cleveland, Ohio