Description

Impact
Reduces exposure to federal and state regulatory compliance violations and reputational risk.

Responsibilities
Manages the oversight and enforcement of the Compliance Department to ensure all Bank functions are compliant with applicable federal, state, and local regulations (e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, OFAC, etc.); implements and directs strategies to achieve goals developed to ensure compliance with operating policies and procedures and regulatory requirements.

Essential Functions

1. Implements and maintains comprehensive compliance program.
2. Researches and maintains current information regarding federal and state banking laws and regulations; ensures the Bank's compliance program meets regulatory requirements and standards while enhancing organizational performance.
3. Develops and maintains compliance policies and updates according to regulatory changes.
4. Influences compliance policies and procedures through the creation and implementation of work plans.
5. Communicates legal and regulatory requirements to staff, senior management, and the Board of Directors; notifies staff of updates and implication on Bank policies and procedures.
6. Provides training resources to enforce effective compliance with laws and regulations applicable to the Bank.
7. Oversees actions of comprehensive self-testing, as well as third party and regulatory audits; makes necessary preparations for such audits or exams; coordinates response to auditors and examiners; ensures identified deficiencies are corrected.
8. Reviews and evaluates findings as the result of internal compliance issues and concerns within the organization.
9. Examines Bank forms to ensure that current and compliant documents are in use.
10. Provides support and guidance to the Bank's operational and lending compliance efforts.
11. Gathers data and prepares reports for senior management, audit, and any other personnel upon request.

Ancillary Functions

1. Leads and delegates tasks in a clear and proper manner among assigned staff.
2. Conducts annual performance reviews, providing clear feedback and follow through with corrective action if necessary.
3. Provides coaching, recognition, motivation and skill development to staff members on a consistent basis.
4. Communicates clearly among her/his teams, assuring all team members have the appropriate tools and information to perform according to expectations.
5. Administers personnel policies and procedures, such as time and attendance.
6. Assures adherence to Bank policies and procedures and federal and state regulatory requirements.
7. Provides cross-functional support to other areas of the department and the Bank where service or assistance is needed.
8. Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.

Mandatory Training Curricula
Training is required of all Bank staff as related to regulatory mandated compliance topics and courses required for specific job functions. Career enhancement training courses are also available.

Skills

• Clearly communicates in English; proficient reading, writing, grammar, and mathematics skills;
• Proficient interpersonal relations and communicative skills;
• Thorough knowledge of all banking regulations, regulatory requirements, and compliance program elements;
• Ability to read, analyze, and interpret government regulations and legal documents;
• Knowledge of bank products and services, along with the operational policies and procedures that impact these products and services;
• Proficient PC skills, including Microsoft Office.

Physical Demands
The physical and related demands described in this section are representative of those that must be met by an employee to successfully perform the essential functions of this job. This job is mostly sedentary in nature, but may occasionally involve lifting files and other materials that weigh up to 20 lbs. Employees in this job must be able to work in an office environment during regular business hours where they come into regular and frequent contact with internal and external customers and other members of the public. Therefore, employees in this position are expected to have consistently positive interactions with the public.

Requirements

Education/Training
A B.S. or B.A. degree, or equivalent, in a related field normally required; specialized bank compliance training; completion of Certified Regulatory and Compliance Professional Program.

Experience
A minimum of five (5) years' related experience normally required.

Salary Range

$115,000-$145,000