Compliance Officer II - Monitoring

Salary depends on experience
Posted on 07/31/17
5 - 7 years experience
Financial Services
Salary depends on experience
Posted on 07/31/17

Job Purpose and Scope:  Responsible for monitoring and testing the Bank’s compliance with various laws and regulations, particularly those related to consumer protection and disclosure.  Responsible for leading a monitoring team of professionals and providing guidance and evaluation of the work they produce.


Essential Job Functions:

  1. Maintains a proficient level of knowledge and expertise of the requirements of various consumer protection and disclosure laws and regulations including, but not limited to: Regulation B – Equal Credit Opportunity Act (ECOA), Regulation C – Home Mortgage Disclosure Act (HMDA), Regulation E – Electronic Fund Transfers Act, Regulation F – Fair Debt Collection Practices Act, Regulation G – S.A.F.E. Mortgage Licensing Act, Regulation P – Privacy of Consumer Financial Information, Regulation V – Fair Credit Reporting, Real Estate Settlement Procedures Act (RESPA), Regulation Z – Truth in Lending, Regulation DD – Truth in Savings, Regulation BB - Community Reinvestment Act (CRA), Regulation CC – Expedited Funds Availability Act, Fair Credit Reporting Act, Flood Insurance Act, Military Lending Act, Servicemembers Civil Relief Act, and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP).

  2. Provides direct oversight of the work performed by members of the monitoring team.

  3. Serves as a regulatory resource for officers and employees.

  4. Performs or manages internal monitoring reviews to test adequacy of procedures, report findings to management, and monitor corrective action taken as a result of such findings.

  5. Monitors and reviews internally prepared and outsourced compliance audits and preparing appropriate responses and corrective action plans.

  6. Working with independent third party auditors and regulatory examiners in their audit/examination process.

  7. Works with the compliance team and other Bank departments on program-wide compliance initiatives.

  8. Interacts with and making presentations to senior and executive management and committees of the Board of Directors.

  9. Regularly exercises discretion and judgement in the performance of other essential job functions.

  10. Maintains good punctuality and attendance to work.


    Marginal Job Duties:

  1. Assists in the maintenance of an inventory of consumer protection and disclosure regulations applicable to the Bank and the related risk assessment matrix.

  2. Assists in the maintenance of an inventory of Bank products and services and the related risk assessment matrix.

  3. Assists in the maintenance of comprehensive compliance program and tools, including compliance manual, policies, and procedures.

  4. Assists in the maintenance of compliance policies, procedures, and forms for various laws and regulations, departments, and products.

  5. Performs any other duties as required or assigned.


    Knowledge, Skills & Abilities:

  1. Excellent organizational, prioritization, and documentation skills.

  2. Excellent research and analytical abilities.

  3. Ability to multi-task while working independently, without close supervision.

  4. Knowledge of banking regulations related to consumer protection and disclosure as detailed under Essential Job Functions.

  5. Excellent communication skills, both written and verbal.

  6. Ability to read, analyze, and interpret government regulations, trade journals, and legal documents.

  7. Working knowledge of Microsoft Office products.

  8. Ability to use specialized software.

  9. Ability to work extra hours as needed.

  10. Ability to drive an automobile.

  11. Ability to travel periodically overnight.



  1. Equipment Used in Job Performance/Working Environment:

  1. Computer

  2. Telephone

  3. 10-Key Calculator

  4. Photocopy Machine

  5. Facsimile Machine


Position Requirements

Basic Qualifications:

  1. Bachelor’s degree or an equivalent combination of education and related work experiencerequired.

  2. Minimum five years previous bank compliance experience or regulatory compliance experiencerequired.

  3. Minimum one year of management experiencepreferred.

  4. Certified Regulatory Compliance Manager (CRCM) certification or commissioned regulatory compliance examiner preferred.

  5. Valid driver’s license and good driving record required.

    Job ID #: 3781

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