Job Overview:
The Compliance Officer is responsible for developing, implementing and administering all aspects of the Banks' Compliance Management Program. Key responsibilities include, acting as audit liaison, collaborating with senior management regarding administrative, lending and operational compliance activities.
Responsibilities:
- Serve as Internal Audit Liaison between the bank and various audit companies.
- Schedule and attend periodic audit committee meetings.
- Oversee scheduling of all bank audits. Prepare schedule for dissemination to executive management before year end.
- Review audit reports and comments for satisfactory response.
- Maintain tracking of all audit and examination findings and report to Audit Committee.
- Review the findings of the monitoring and audit results with pertinent personnel and discuss recommendations for corrective action.
- Maintain and update the audit monitor tracking reports; obtain responses from management and validate completed items in a timely manner.
- Proactively identify compliance risks; evaluate bank operations for regulatory issues and develop/refine existing processes to minimize the banks' exposure to compliance failures, related fines and penalties.
- Responsible for the administration of all compliance matters including BSA/AML, Lending and Consumer Deposit compliance as well as UDAAP, Identity Theft Prevention, Information Security, Privacy and all other relevant regulatory requirements.
- Performs periodic risk assessments in all areas of compliance including Consumer Complaints, ID Theft Prevention, Fair Lending and The Compliance Management System (CMS).
- Review compliance operations and procedures to determine if results are consistent with federal/state laws and regulations and if the compliance programs are being carried out as planned.
Requirements:
- Bachelor's degree with financial and/or banking coursework
- 10 years relevant experience in financial compliance
- Strong interpersonal skills including verbal and written communication and listening skills
- Strong MS Office computer and banking software experience
- Proven ability to stay current with and comply with industry regulations
- Experience analyzing current and upcoming banking regulations
Physical Demands and Work Environment
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job the employee:
Is regularly required to operate a computer and other office equipment, such as, a copy machine, calculator, phone, and computer printer.
Must be able to remain in a stationary position 80% of the time.
Is required to have close visual acuity to perform an activity such as, viewing a computer terminal and determine the accuracy, neatness, and thoroughness of work assigned to self and staff.
Is required to express or exchange ideas by means of the spoken word to convey detailed spoken instructions to other employees accurately.
Must be able to receive detailed information through oral communication.
The noise level in the work environment is usually low to moderate.
Position is considered sedentary and may require employee to lift up to 10 pounds.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible schedule
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Ability to Relocate:
- Danbury, CT 06810: Relocate before starting work (Required)
Work Location: In person