Compliance Officer

POSITION SUMMARY

Responsible for overseeing all aspects of compliance to ensure the bank is in compliance with all federal and state regulations along with MBT Bank policies and procedures. Coordinates with management team to identify potential risks, implements policies and procedures to uphold laws and regulations along with monitoring the banks adherence to those policies and procedures. Communicates all ethical guidelines to every department and ensures compliance. Effectively supports the overall compliance program. Performs routine duties with minimal supervision.

ESSENTIAL FUNCTIONS

Reasonable Accommodations Statement

To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodations may be made to help enable qualified individuals with disabilities to perform essential functions.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned:

• Designs, implements, and monitors compliance programs, policies, and procedures to ensure that all departments are in compliance with federal, state, and MBT bank regulations and policies.
  • Oversees the policy management process for review and modification which includes new policy creation, annual updates, and training.
• Provides support by leading bank Compliance Committee and meetings. Coordinates efforts with appropriate department heads for implementation, training, and written procedures.
• Performs and monitors compliance risk assessments to identify and evaluate the risk associated with the Bank’s processes and procedures. Makes recommendations to accept or change the process or procedure to mitigate the risk.
• Integral in overall discussions, development and oversight of any new products or procedures for continuity in compliance program. Active member of the Implementation team.
• Trains on all applicable regulations and policies as assigned with appropriate employees and/or Board of Directors. Coordinates with the Director of Training and Development to ensure all required compliance trainings for MBT Bank employees and Board of Directors area completed to fulfill annual training requirements.
• Reports to Executive Management and Board of Directors concerning the banks overall compliance laws and regulations. May be required to analyze data and audit results to help maintain a clearly defined program for complying with all applicable laws, regulations, and policies. In case of any violation of rules, initiates an investigative procedure to handle the problem.
• Leads the efforts and preparation of compliance audits and regulatory exams including engagement and scope of both areas. Coordinates the efforts and delegates to the appropriate management team to ensure all material is gathered timely and accurately. Attends overall exit meetings for all audits and exams. Reports to Board of Directors for final reports as required.
• Manages Bank’s CRA program. Coordinates efforts with appropriate staff members to determine compliance and reporting according to current asset size and regulatory requirements. Reviews and conducts analysis of CRA data.

SKILLS & ABILITIES

Education:

• Bachelor’s degree in business, Finance, or relevant course of study preferred.

Experience:

• Five or more years of recent experience which includes in-depth working knowledge of all banking and compliance regulations applicable to deposit, loans, and operations is required.

SUPERVISORY RESPONSIBILITIES

This position requires supervision of others.