Compliance Officer

Description

FUNCTION: As the Compliance Officer, you will be responsible for performing various duties related to ensuring compliance with state and Federal rules and regulations, act as the Community Reinvestment Act (CRA) Officer and the Safe Act Officer, and perform other duties as assigned on behalf of the Senior Risk Officer.

Requirements

QUALIFICATION REQUIREMENTS:

1. 2-4 years prior experience overseeing or performing duties related to bank compliance.  
2. General knowledge of basic accounting principles. 
3. General knowledge of banking principles.
4. Mathematical aptitude.
5. Responsible for keeping up to date with pertinent banking regulations and banking principles.
6. Software Utilized: MS Office and various bank technology

ESSENTIAL DUTIES AND RESPONSIBILITIES:

1. Act as a knowledge expert and resource for Bank staff with all compliance regulations. Provide support and assistance in maintaining the Bank’s Loan Policy, Bank Procedures Manual, and other compliance-related policies.
2. Maintain current compliance knowledge through continually keeping abreast of regulatory changes to policies, practices, regulations and laws.
3. Develop and update compliance policies and procedures as needed, including forms and system input. Keep informed of internal policies and practices. 
4. Create and maintain trust by working as a valued business partner with all Bank departments and branches, senior leadership, Internal Audit and compliance professionals to manage compliance efforts at all levels of the organization.
5. Prepare an annual compliance monitoring schedule, and perform a periodic review and assessment of various compliance regulations, as applicable.
6. Participate in rolling out new products and services to ensure forms and practices are in compliance with rules and regulations.
7. Annually, develop a compliance training schedule, and in coordination with the Training Officer ensure that compliance and procedural training is delivered to bank staff as necessary.
8. Serve as the SAFE Act officer for the bank, ensuring compliance with all rules and regulations for maintaining Bank and MLO registration on the NMLS, and meeting all internal audit and external examination standards and expectations. 
9. Serve as the CRA officer for the bank by maintaining the CRA public file; maintaining documentation for qualifying activities regarding community service, community development and investments; provide training to appropriate personnel; and reviewing products, services and expansion / contraction activities as they relate to CRA rules.
10. Oversee lending regulations to include, but not limited to, HMDA reporting and compliance, conducting fair lending reviews, reviewing and reporting on Reg B - Notice of Action Taken as well as performing flood insurance calculations, periodic and quarterly flood insurance monitoring and ensuring force placed insurance vendors are in compliance with rules and regulation. 
11. Oversee deposit and other regulations to include reviewing OD protection services, monitoring Reg CC Holds and Reg E disputes, and reviewing marketing material for compliance, and others as assigned by the Senior Risk Officer.
12. Conduct compliance risk assessments.
13. Assist Internal Auditor with documentation gathering and preparation for department internal audits and regulatory examinations as necessary. Review and follow-up on compliance items addressed in previous internal audits and examinations.
14. Will actively engage in the local community by participating in voluntary community service organizations, projects, and activities.
15. Following State and other applicable guidelines and regulations, will regularly retain and safeguard all relevant records for their area of responsibility. At appropriate times, will assure the proper destruction of records no longer required to be maintained.