The Compliance Officer is responsible for management of the bank's compliance program including development and maintenance of policies, procedures, systems, and processes to ensure ongoing compliance. Requirements
- Works closely with Director of Risk Management & senior leadership team to create a culture of best practices in compliance that is clearly aligned with regulatory requirements, organizational values, and operating principles to support bank operations.
- Leads the development, implementation, and administration of the bank's compliance program to establish policies/procedures, controls, necessary training, and organizational development to mitigate risk.
- Advises the Bank's Directors and Senior Management of emerging compliance issues and impact of those changes.
- Serve as the Enterprise Regulatory Change Management subject matter expert (new products/services & regulatory change)
- Manage and provide oversight over Enterprise Fair and Responsible Banking Program
- Communicates with regulatory examiners, internal/external auditors, and business stakeholders to ensure compliance issues are identified and addressed.
- Writes reports, business correspondence, and procedure manuals and effectively present information and respond to questions from groups of managers, Board of Directors, members, and the public.
- Develop annual compliance testing plan
- Oversight of completion of compliance risk assessments.
- Conduct appropriate monitoring and oversight over new initiatives and various program elements.
- Any other duties as assigned
Education and Experience Qualifications:
- Bachelor's degree or higher in related field of study. Minimum 7 years relevant experience in complex banking environment. Management background and demonstrated leadership excellence required.
- Experience with external examinations for community banks preferred
- CRCM or related certification preferred
- Strong knowledge of regulatory consumer compliance regulations including but not limited to UDAAP, Fair Lending, Community Reinvestment Act, Truth-in-Lending Act, etc.
- Extensive knowledge of all financial regulations and strong background in risk management, external controls, and corporate governance.
- Ability to read, analyze and interpret government regulations, trade journals and legal documents.
Salary Description $75,000 to $95,000