Senior Compliance Officer

Description

The Senior Compliance Officer is responsible for leading enterprise compliance efforts, planning, organizing, and controlling the Bank's day-to-day compliance activities and collaborating directly with the Chief Compliance Officer, in the overall execution of these directives. Develop, implement, and oversee all aspects of the Bank's Fair and Responsible Banking (FaRB) Program, Fair Lending Compliance, and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) Programs, which includes collaborating with legal and regulatory colleagues on efforts at influencing lawmakers and regulators who establish compliance requirements. Provide guidance to management on the programs and opportunities available to the Bank in aid in meeting the needs of the community and attain HMDA and Fair Lending compliance goals. Serve as the Chair of the Fair and Responsible Banking Committee. Present to Executive Management and Board of Directors quarterly to ensure they are continuously informed of all aspects of the FaRB compliance activities including an evaluation of its relative risk exposure. Advise the Board of Directors, Senior Management and Bank personnel of emerging compliance and risk issues and consult and guide the Bank in the establishment of controls to mitigate risks.

• Oversee the establishment of a second line of defense lending compliance monitoring and testing function for all products and services, to include development, implementation, governance, and oversight of processes, and procedures related to those products and services
• Plan, document, evaluate and maintain a sustainable Fair and Responsible Banking Program, ensuring documented processes, actual processes, ad actual practices are aligned with policies, procedures, regulations, laws and guidance established. Develop an maintain FaRB goals to ensure the Bank meets regulatory expectations.
• Serve as the Chair of the Fair and Responsible Banking Committee and presents to Executive Management and Board of Directors quarterly to ensure they are continuously informed of all aspects of the FaRB compliance activities including evaluation of its relative risk exposure and advised of emerging compliance and risk issues to mitigate risks.
• Monitor, review, and evaluate the impact of new and changing federal and state regulatory compliance requirements and assist management with designing, developing and implementing policies, procedures, processes and controls to ensure compliance.
• Analyze results from external and internal Compliance and Fair Lending audits/examinations, prepare and present reports the board and governance committees that summarize results with recommended courses of action and improvements to reporting and managing changes. Interface with management and personnel regarding implementing remediation and monitor corrective action.
• Perform market analysis of proposed opening, expansion, relocation or closing of banking center and loan production offices to assess the impact on the assessment area and present it to Executive Management and the Board of Directors.
• Analyze all complaints to evaluate the compliance impact, provide oversight to ensure proper and timely resolution is made as outlined in the Compliance Complaint Procedures.

Qualifications:

• Bachelor's degree or equivalent work experience. Certified Compliance Regulatory Compliance Manager or other similar designation required
• 10+ years related compliance management systems (CMS) experience and 7 years management experience. Must have a working knowledge of all applicable compliance laws and regulations affecting and working with supervisory compliance examinations
• Preferred: Strong knowledge of all compliance and fair and responsible banking regulations and OCC guidance. Proficient in statistical analysis tools and techniques, control design, and monitoring and testing

Skills:

• Working knowledge of Microsoft Excel and MS Word; basic keyboarding and calculator skills; must be able to do simple math and carry out written instructions
• Travel to a variety of locations to perform the work and/or attend meeting as required.
• Work occasionally requires more than 40 hours per week to perform the essential functions of the position
• Lifting in an office setting may be required up to 30lbs