Objective of Position:
The Compliance Officer assists with the monitoring and testing components of the Compliance Management System. This role functions as an independent and objective expert that reviews and evaluates compliance issues/concerns within the organization. The position will assist the Board of Directors, management and employees to ensure that the Bank is in compliance with federal, state, and local law and regulations, and that company policies and procedures are being followed.
Duties and Responsibilities:- Performs compliance testing to ascertain compliance with applicable banking laws, rules and regulations as well as bank policies and procedures covering banking products.
- Identifies control weaknesses and root causes of compliance deficiencies, conducts extensive research to support regulatory findings/control weaknesses and proposes appropriate corrective action.
- Communicates testing results, presents identified issues to the business, works with the business to develop and implement a plan of corrective action and prepares written reports.
- Assesses the adequacy of remediation activities, monitors through completion and escalates past-due items.
- Maintains proficient knowledge of applicable laws, regulations, and interpretations and attend external training when necessary.
- May assist with compliance responsibilities relating to mergers and acquisitions.
- Collaborates with other departments to direct compliance issues to appropriate existing channels for investigation and resolution.
- Helps identify potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues and provides general guidance on how to avoid or deal with similar situations in the future.
- All other duties as assigned.
Qualifications:
- Bachelor's Degree, required.
- 5+ years of progressively responsible experience in a bank or financial services company, with compliance, lending/credit, audit or risk management experience.
- Certified Regulatory Compliance Manager (CRCM), preferred.
- Active member in Community/Statewide/Federal professional associations, preferred.
- Familiarity with regulations such as EFTA, Flood, ECOA, FCRA, Reg. CC, UDAAP, Privacy, E-Sign, NACHA, TISA, TILA, RESPA, SAFE Act, CAN-SPAM, TCPA, Reg. O, Reg. II, RFPA, etc.
- Proficient oral and written communications including making presentations and preparing reports.
- Ability to communicate with external regulators and effectively and accurately represent the effectiveness of the compliance program.
- Ability to apply compliance principles, theories, and practices while considering industry program policies, procedures, regulations, and laws.
- Knowledge and experience in monitoring and testing compliance processes and procedures.
- Solid working knowledge of management information systems terminology, concepts, and practices.
- Proficiency in working with Microsoft Windows, Word, Powerpoint, and Excel.
- Ability to analyze complex data, evaluate information and drawing logical conclusions.
- Ability to work collaboratively with a variety of stakeholders at all levels.
- Be self-motivated and an effective time and project manager with a strong attention to detail.
- Have strong change management, organizational and planning capabilities.
- Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions.
- Demonstrate strong organizational skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.
- Possess strong communication skills both verbally and in writing.
PHYSICAL DEMANDS/WORK ENVIRONMENT:
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.
At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
The salary range for this position is $86,000 to $107,000 + incentive.
Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Byline Bank offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with Byline Bank, you'll find a far-reaching choice of benefits and incentives.
