Mid-Atlantic Board Member Since: April 2008
Kelvin James has been responsible for creating strategy and directing activities towards bank compliance and risk management with Community Reinvestment, Home Mortgage Disclosure, Community Support and Fair Lending regulatory requirements for over 20 years, at E*TRADE Financial (2003-2013) and Downey Savings (1992-2003).
He has been the designated corporate Officer responsible for assessing, monitoring and reporting activities to the Board of Directors and senior management of both banks. In addition, he has led examinations in his areas of responsibility with federal regulators, government agencies and internal auditors, each meeting or exceeding compliance standards, and assisted in facilitating CRA-qualified activities receiving favorable regulator consideration.
Mr. James has participated in sourcing and managing community development investment portfolios, including financial instrument investments in affordable housing funds, certificates of deposit in minority-owned financial institutions, Low Income Housing Tax Credits, Municipal Bonds, Small Business Investment Companies, targeted multifamily and single family mortgage-backed securities, and venture capital funds.
Mr. James managed the banks' contributions to non-profit, community-based organizations focused on affordable housing, economic development, and programs targeting youth entrepreneurship and financial education development. These activities included utilizing local government (HAP, Section 8) and Federal Home Loan Bank Affordable Housing Program (AHP) and First Time Buyer (FTB) subsidies and lending consortia to facilitate hundreds of single family loans to low- and moderate-income (LMI) first-time homebuyers, thousands of multifamily affordable rental housing units to LMI tenants, hundreds of small businesses.
Mr. James managed staff responsible for product development and marketing initiatives targeting LMI, racial, ethnic, gender and age-protected classes. During his tenure, he coordinated expansion into LMI/minority markets with new lending products and special-credit programs through online and print media campaigns in targeted markets, resulting in new loan originations and subsidies for small businesses.
In addition to having worked over 20 years in the financial services industry in compliance, community development, bank management, operations and sales; Mr. James has served on numerous Board of Directors and been and advisor to non-profit organizations and governmental agencies responsible for providing affordable housing, homeownership and economic development, small business procurement opportunities, as well as financial literacy and entrepreneurship technical assistance to individuals, small businesses and communities. He currently serves on the Operation HOPE Mid-Atlantic Board of Directors and co-teaches Accounting Principles and QuickBooks for non-profit Computer CORE/Northern Virginia Community College to low-income, working poor adults desiring to start a new business or gain increased employment skills.
Mr. James earned a Master of Business Administration with emphasis in Global Management from University of Phoenix John Sperling School of Business and a Bachelor of Science in Business Administration. Most recently, Mr. James completed the ABA Graduate School of Compliance Risk Management. Mr. James has previously held licenses with National Association of Security Dealers (Series 6), California Property and Casualty and Life and Disability Agent.