Responsible for developing, implementing and administering all aspects of the Bank's compliance management program, including providing strategic direction designed to support organizational growth, leadership and day-to-day management. Salary $200,000.00- $225,000.00+plus bonus.
Essential Duties and Responsibilities:
Researches and analyzes federal and state rules, regulations and interpretive guidance, and draws well-reasoned conclusions related to their applicability to Bank loan and deposit products and services, as well as operational processes and procedures.
Monitors changes to applicable federal and state regulations, laws and policies and advises senior management and Bank employees in advance of emerging regulatory and compliance issues.
Consults and guides the Bank in the establishment and implementation of appropriate processes, procedures and controls designed to ensure compliance with applicable laws and regulations and to ensure appropriate safeguards are in place to prevent, detect, and make corrections to any compliance failures and to mitigate risks.
Leads and manages the identification, through the monitoring, testing and reporting, of procedural and policy-related weaknesses; establishes guidelines for the development of systems to resolve identified exceptions and deficiencies; oversees the development and completion of the annual compliance testing schedule/work plan.
Remains abreast of and anticipates industry trends and promotes a culture of compliance throughout the Bank.
Oversees the review of marketing, sales and product materials and communications to ensure regulatory compliance.
Coordinates all compliance examinations and external audits; serves as the primary point of contact for examiners in all regulatory compliance related matters.
Provides bank wide training and education to Bank directors and employees regarding their responsibilities with respect to the compliance program.
Directs and manages a team of compliance staff and establishes strong working relationships with internal and external business partners and clients.
Carries out annual reviews of policies and procedures and conducts annual risk assessments to determine the effectiveness of compliance procedures; maintains an updated written compliance manual.
Works closely with the risk management and corporate governance function.
Works closely with the Vendor Management Officer under compliance to oversee the due diligence process and the auditing of related third-party vendor relationships.
Completes and delivers clear and concise compliance-related reports/package monthly to the Board of Directors.
Oversees the independent investigation of matters or complaints related to compliance and provides formal responses to such matters or complaints.
Works closely with the CRA Officer in monitoring the CRA program to ensure the Bank meets the needs of the community and attains CRA compliance goals.
Leads monthly internal Compliance/CRA committee meetings with the CRA Officer.
Qualifications:
Sufficient knowledge to resolve and answer complex compliance questions throughout all levels of the Bank
Advanced verbal and written communication skills
Strong initiative and decision-making abilities
Effective coaching and training skills
Strong risk assessment and priority-setting abilities
Supervisory Responsibilities:
Manages activities of Compliance staff
Education and/or Experience:
Minimum eight years of management experience
Minimum ten to fifteen years of bank regulatory compliance experience
Bachelor's degree from four-year college or university
Experience and familiarity with multiple regulatory agencies, such as the FDIC, Federal Reserve, etc.
Computer and Software Skills:
Skilled in operation of a personal computer and Microsoft Word, Excel and PowerPoint
Certificates, Licenses and Registrations (suggested):
CERP
CRCM
CAMS
Work Environment:
100% office-based, with occasional travel for training or meetings with regulatory bodies.