Varo Money, Inc.
Community Reinvestment Act Officer
Varo Money, Inc., Salt Lake City, Utah, United States, 84193
Overview
Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.
Varo’s Legal team is responsible for all things “legal” at Varo. This includes supporting the business by identifying and highlighting legal risks, interpreting laws and providing compliance recommendations, conducting contract reviews and negotiations, supporting licensing, Varo IP asset management, Varo product reviews, drafting product disclosures, supporting corporate financing rounds, managing shareholder communications, engaging with regulatory bodies, and more. We also manage our team of outside counsels, maintain a repository of all legal documents, and are responsible for Varo’s Privacy and other policies.
We’re looking for a Community Reinvestment Act Officer who will lead the management and execution of Varo Bank’s Community Reinvestment Act Strategic Plan and play a leading role in advancing Varo’s Social Impact efforts more broadly. The role offers a unique opportunity to drive change and have a major impact on low and moderate income communities.
What you'll be doing
Set the direction and implement the CRA Strategic Plan by identifying opportunities for Varo and its employees to make a difference and support Varo’s mission
Identify and implement programs in both SLC and in the Western Region of the US for Varo employees to engage with their communities while fulfilling Varo’s Strategic Plan, with a primary focus on youth financial literacy in schools and adult personal finance
Manage the Community Reinvestment Act Plan exam and ad hoc inquiries about our Plan or the bank’s latest CRA evaluation
Identify and build relationships for Varo Bank in the community, with consumer groups and regulators, focusing on our Designated Assessment Areas, and regularly participate in organizations and events to increase the bank’s visibility
Identify and make recommendations for investment opportunities that will fulfill the CRA Strategic Plan
Support overall impact work at Varo, serve as a key member of Varo’s Social Impact Working Group, coordinating and/or overseeing Varo’s volunteerism and financial education programming and related events
Support Varo’s Head of Public Policy and Social Impact, advancing Varo’s public policy agenda and related advocacy around financial inclusion, financial education, and other issues that may impact Varo’s business activities
You'll bring the following required skills and experiences
Prior experience with the implementation, management, and examination of the Community Reinvestment Act is essential
Build and maintain strong relationships with regulators, other banks’ CRA officers, banking trade associations, and other CRA industry experts or practitioners
Working with community groups, particularly around youth financial literacy or financial access and inclusion among disadvantaged populations
A bachelor’s degree in finance, economics, data analytics, or related field, or a certification in personal finance, such as a Certified Financial Planner (CFP), a plus
Building strong interpersonal relationships within Varo
Passion for helping low- and moderate-income communities and advancing diversity, equity and inclusion
Commitment to working on public policy issues
Compensation $140,000 - $175,000 a year
For cash compensation, we set standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Per applicable law, the salary range for this role is $140,000 - $175,000. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.
This role is also eligible for a bonus, equity, and competitive benefits.
We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d love to hear from you!
About Varo Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all-digital, mission-driven, FDIC-insured, and designed around the modern American consumer.
As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.
Learn more about Varo Facebook –
https://www.facebook.com/varomoney
Instagram –
www.instagram.com/varobank
LinkedIn –
https://www.linkedin.com/company/varobank
Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
Fraud awareness Beware of fraudulent job postings. Varo will never ask for payment to process documents or refer you to a third party to process applications or visas, or ask you to pay costs. If you suspect you have received a phony offer, please e-mail careers@varomoney.com with the pertinent information and contact information.
CCPA Notice at Collection for California Employees and Applicants https://www.varomoney.com/privacy-legal/
#J-18808-Ljbffr
Varo’s Legal team is responsible for all things “legal” at Varo. This includes supporting the business by identifying and highlighting legal risks, interpreting laws and providing compliance recommendations, conducting contract reviews and negotiations, supporting licensing, Varo IP asset management, Varo product reviews, drafting product disclosures, supporting corporate financing rounds, managing shareholder communications, engaging with regulatory bodies, and more. We also manage our team of outside counsels, maintain a repository of all legal documents, and are responsible for Varo’s Privacy and other policies.
We’re looking for a Community Reinvestment Act Officer who will lead the management and execution of Varo Bank’s Community Reinvestment Act Strategic Plan and play a leading role in advancing Varo’s Social Impact efforts more broadly. The role offers a unique opportunity to drive change and have a major impact on low and moderate income communities.
What you'll be doing
Set the direction and implement the CRA Strategic Plan by identifying opportunities for Varo and its employees to make a difference and support Varo’s mission
Identify and implement programs in both SLC and in the Western Region of the US for Varo employees to engage with their communities while fulfilling Varo’s Strategic Plan, with a primary focus on youth financial literacy in schools and adult personal finance
Manage the Community Reinvestment Act Plan exam and ad hoc inquiries about our Plan or the bank’s latest CRA evaluation
Identify and build relationships for Varo Bank in the community, with consumer groups and regulators, focusing on our Designated Assessment Areas, and regularly participate in organizations and events to increase the bank’s visibility
Identify and make recommendations for investment opportunities that will fulfill the CRA Strategic Plan
Support overall impact work at Varo, serve as a key member of Varo’s Social Impact Working Group, coordinating and/or overseeing Varo’s volunteerism and financial education programming and related events
Support Varo’s Head of Public Policy and Social Impact, advancing Varo’s public policy agenda and related advocacy around financial inclusion, financial education, and other issues that may impact Varo’s business activities
You'll bring the following required skills and experiences
Prior experience with the implementation, management, and examination of the Community Reinvestment Act is essential
Build and maintain strong relationships with regulators, other banks’ CRA officers, banking trade associations, and other CRA industry experts or practitioners
Working with community groups, particularly around youth financial literacy or financial access and inclusion among disadvantaged populations
A bachelor’s degree in finance, economics, data analytics, or related field, or a certification in personal finance, such as a Certified Financial Planner (CFP), a plus
Building strong interpersonal relationships within Varo
Passion for helping low- and moderate-income communities and advancing diversity, equity and inclusion
Commitment to working on public policy issues
Compensation $140,000 - $175,000 a year
For cash compensation, we set standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Per applicable law, the salary range for this role is $140,000 - $175,000. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.
This role is also eligible for a bonus, equity, and competitive benefits.
We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d love to hear from you!
About Varo Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all-digital, mission-driven, FDIC-insured, and designed around the modern American consumer.
As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.
Learn more about Varo Facebook –
https://www.facebook.com/varomoney
Instagram –
www.instagram.com/varobank
LinkedIn –
https://www.linkedin.com/company/varobank
Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
Fraud awareness Beware of fraudulent job postings. Varo will never ask for payment to process documents or refer you to a third party to process applications or visas, or ask you to pay costs. If you suspect you have received a phony offer, please e-mail careers@varomoney.com with the pertinent information and contact information.
CCPA Notice at Collection for California Employees and Applicants https://www.varomoney.com/privacy-legal/
#J-18808-Ljbffr