In this role, you will be responsible and accountable for all aspects of the Community Reinvestment Act (CRA) program for the Ameriprise Federal Savings Bank (FSB). You will ensure the FSB meets the needs of the community and attains CRA goals. Being highly involved in the industry, you will pro-actively seek to understand and be an expert in changes in the regulations on a continual basis, creating and executing sound vision for current and future programs, and advising the FSB leadership on emerging CRA issues.
Key Responsibilities
- Lead the CRA department and ensure the FSB attains all CRA goals. Develop, maintain, and own CRA policies, procedures, and goals. Ensure appropriate monitoring and tracking of lending, investments, grants, and service activities' performance against goals. Assure ongoing CRA goals are appropriate. Maintain clear understanding of the program, current and future projects, and progress toward goals at all times. Administers CRA Committee; prepare and present material to executive leadership of the Bank
- Create and execute vision for future CRA program relative to new OCC guidance. Drive large-scale, cross-functional project to implement changes to ensure the FSB adheres to all regulations. Develop new goals for lending, investments, grants, and service that ensure FSB attains an appropriate overall rating.
- Drive all activities to ensure lending and investment programs to meet the needs of low- and moderate- income households. Partner with FSB leadership, Legal and Compliance, Lending Products, Treasury, Community Relations, and Marketing. Partner with Community Relations and Public Affairs to establish, participate, and maintain relationships with community-based charitable and non-profit organizations. Develop and maintain strong business partner relationships across the business.
- Maintain clear understanding of all applicable CRA regulations and statutes. Implement changes to and/or enhance existing policies, procedures, and goals.
- Provide effective leadership to direct reports incorporating performance management practices through individual performance plans, periodic reviews and feedback sessions, coaching and development, as well as oversee and advise direct reports on the performance management process for associate level employees within their group.
Required Qualifications
- Bachelor's degree or relevant experience
- 10+ years’ relevant experience
Preferred Qualifications
- 3+ years leading a CRA program at another institution strongly preferred
- Experience developing, implementing, and owning CRA policies and procedures
- Strong analytical, quantitative, and problem-solving skills
- Excellent relationship-building skills
- Excellent leadership skills
- Excellent communication skills, with a strong ability to communicate complex topics in a clear and concise manner; well-honed business writing skills
- Experience working with executive leadership
- Self-driven with ability to work and lead in an ambiguous environment
- Exhibit a sense of urgency and detail orientation
- Strong ability to influence decision making across organization and leadership
- Extensive experience with non-profit community organizations
- Strong ability to read, analyze, and interpret financial reports and legal documents
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Base Pay Salary
The estimated base salary for this role is $128,400 - $173,300/ year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Legal Affairs
Line of Business
BANK Bank
What We Do
For over 30 years, Freedom Mortgage has helped millions of Americans achieve their dreams of homeownership and financial betterment. The wellbeing and improvement of our customers' lives and the communities in which they live fuels our ambition. We’re driven by boundless stamina and an unwavering focus on continuous collaboration, relentlessly seeking the right solutions for every customer and loan every day.
Today, we service nearly 1.5 million customers with over $300 billion in mortgage loan assets, and we consistently rank as one of the nation's top 10 lenders. We are over 13,500 team members strong, recognized as a Top Workplace in the U.S., and are continuing on our unprecedented growth trajectory.
Freedom Mortgage is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, disability, or national origin. Local applicants are encouraged to apply. Employment contingent upon successful completion of a background investigation. Smoke-free workplace. Drug-free work environment. Excellent benefits package including medical, dental, vision, and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during this search.
Come #SoarWithUs and be a part of the Freedom family!
Freedom Mortgage Corporation
951 Yamato Road, Suite 175
Boca Raton, FL 33431
Lender NMLS ID: 2767
www.nmlsconsumeraccess.org
