Compliance Officer (Bank/Financial Services experience only)

Compliance Officer (Bank/Financial Services experience only)

• Fosters the bank-wide culture that every staff position and every function has a regulatory compliance component.
• Designs and implements a comprehensive, bank specific Compliance Management System (CMS) incorporating multiple levels of responsibility and oversight:
• Reviews the panoply of federal regulations and maps the applicability of each regulation to the specific product and activity within the bank’s full range of products and services.
• Reviews functional / product line operating procedures to ensure they incorporate accurate and appropriate compliance outcomes, including departmental level QC procedures and incorporates new regulations and new regulatory interpretations into the bank’s operating procedures to ensure prompt compliance.
• Performs annual Compliance Risk Assessments which inform the focus and schedule of third-party compliance audits annually.
• Coordinates and interfaces with FDIC staff during its periodic examinations.
• Coordinates or performs annual Risk Assessments across broad areas of the bank, which assessments provide senior management and the Board the bank’s current risk profile and informs the bank’s audit program.
• Oversees the bank’s records retention and disposal programs.
• Responsible for the Disaster Recovery/Business Continuity/Incident Response program and its periodic testing.
• Conducts periodic Compliance Committee meetings.
• Establishes a CRA program to assure that the Bank performs well under the assessment factors in the regulations.
• Develops and submits to the Board an appropriate CRA Public File, reviewing it periodically, and assuring that it is available to the public upon request.
• Monitor the Bank’s CRA performance and recommend ways to senior management to improve the Bank’s CRA position in the community.
• Conducts all necessary training to assure Bank compliance with CRA expectations.
• Maintains and communicates audit/exam exception items through the audit monitoring spreadsheet.
• Ensures that management responses to audit findings are on point and promptly completed.
• Works with audit partners to ensure scope of individual audits is appropriately detailed on a risk basis.
• Prepares audit package for Audit Committee meetings and presents Audit Schedule and Audit Tracker.

BANKING,Finacial Management,Loan Documents,Loan Portfolio Analysis,Risk Modeling,Chief Credit Officer,Senior Credit Officer

Compliance Officer (Bank/Financial Services experience only)

Education

Bachelor’s degree in Business, finance, or related field.

Experience

Experience should include a minimum ten (10) years of banking experience within the defined market.

Knowledge

• Strong Knowledge of regulatory bodies, and the regulations and guidance issued by these bodies, overseeing banks, credit unions, and financial services organizations, such as the FDIC, OCC, FinCEN, Federal Reserve Board, and NCUA.
• Experience with business continuity planning, disaster recovery techniques, auditing, proficient in regulatory requirements for banks, and risk management, as well as contract and vendor negotiation.
• Demonstrated expertise in a variety of the field's concepts, practices, procedures, security technologies, standards, and networking architectures.

Other Required Skills and Abilities

• Working knowledge of Microsoft Word, Excel, Outlook and other Web-based applications.

Certifications, Licenses and Registrations

CPA, CIA, or CRCM preferred