Are you passionate about creating an exceptional client experience?
Discover your opportunity with Union Bank®, a division of the Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. At Union Bank, we have our clients’ best interest in mind and draw on more than 160 years of experience to understand their distinct needs to tailor our solutions. We’re part of 180,000 colleagues around the globe striving to be the world’s most trusted financial group, knowing that trust starts with a culture of putting people first and empowering you to achieve your potential.
Join Union Bank, where being inspired is expected and creating results is rewarded.
This is a remote position. A member of our recruitment team will discuss location preferences with you in more detail. Job Summary:
Responsible for the management and review of the CRA investment portfolio. Identify the appropriate balance of investments and loan commitments based on community and corporate needs. Establish goals and work closely with the lending, investment, and philanthropic groups to ensure goals are achieved.
The officer must be available to assume outside board and committee memberships and assist in the corporation's federal, state, and local legislative advocacy efforts. Regular and ongoing interaction with banking regulatory agencies is required.
Major Responsibilities:
- Ongoing analysis of current portfolio to ensure optimal performance.
- Support the expectation of the regulatory community to apply innovative and sophisticated approaches to investments in LMI communities.
- Provide an avenue of sophisticated exploration and analysis of investments that will generate an acceptable rate of return.
- Develop and implement new and proprietary investment programs that will contribute to bank earnings and build reputational capital.
- Forecasts the strength and viability of potential CRA investments.
- Support the development and implementation of CRA investment products and programs.
- Support underwriting activities associated with Loans, Lines, and Equity Equivalent Loans to CDFI's, CDC's, and like entities.
- Review operating agreements, other legal documents, and financial statements relating to equity investments to sustain the growth and profitability of the unit.
- Coordinate with Union Bank Equities and perform a qualitative analysis of the potential investment (impact on the Bank, cross-sell, other Bank relationships).
- Complete site inspections and meetings with partners to ensure program compliance and asset quality.
- Prepare and support CRA investment committee (CRAIC) meetings.
- Apprises supervisor, compliance and credit administration, and other appropriate parties of ongoing asset quality performance.
- Implement EQ 2 loan and investment strategy; develop appropriate collateral and application materials.
- Conduct and coordinate initial due diligence meetings or conference calls with representatives from the potential investment. Pre-screen for acceptability based on CRA investment criteria.
- Coordinate with UB Equities counterpart for appropriate Due Diligence Questionnaire template and tailor the questionnaire to the investment.
- Perform periodic quantitative analysis of CRA investment portfolio as designated.
- Perform reviews of audits and financial statements to assess investment quality and risk.
- Submit, update, and manage BASEL II reporting of CRA investment portfolio.
- Research and resolve errors in data from financial reporting systems to protect investment quality.
Qualifications:
- Four-year degree and advanced degree preferred.
- 5+ years in legal/banking regulatory or CRA and small business - consumer lending experience.
- Typically requires a minimum of 10 years of experience as a technical systems manager or coordinator, or equivalent, with related experience in regulatory compliance, community reinvestment, or related experience in mortgage banking, consumer lending, corporate banking, or another related area of banking.
- Strong knowledge of computer systems, networks, databases, and program interaction.
- Proficiency in Microsoft Office suite of applications or equivalent.
- Strong understanding of database technology.
- Ability to analyze and communicate complex regulations to the line personnel.
- Strong presentation skills.
- Thorough knowledge of CDFI, CDC, SBIC is required.
- Knowledge of LIHTC, RTC, and/or NMTC preferred.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.
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