Ameriprise Financial
Director, Community Reinvestment Act
Minneapolis, MN
Oct 4, 2024
Full Job Description
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 managing CRA at another institution strongly preferred
  • Experience leading a CRA program for a Bank
  • 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 extremely detail oriented
  • 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.

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 BankPDN-9d2959cc-c269-4662-9bef-397f240fd1eb
Job Information
Job Category:
Finance
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Director, Community Reinvestment Act
Ameriprise Financial
Minneapolis, MN
Oct 4, 2024
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