Compliance Officer

Compliance Officer

Serves as the Bank's Compliance Officer responsible for the overall administration, direction, and effectiveness of the Bank's Compliance Management System (CMS). Oversees enterprise-wide consumer compliance, Community Reinvestment Act (CRA), regulatory compliance, and Bank Secrecy Act (BSA) oversight. Ensures the Bank maintains a strong culture of compliance while balancing regulatory expectations with operational efficiency. Serves as a trusted advisor to executive management and the Board of Directors on compliance matters and emerging regulatory risks.

Monitors regulatory changes, evaluates their impact, and communicates compliance requirements throughout the Bank. Provides executive management with information necessary to assess the institution's compliance with applicable laws and regulations. Identifies compliance responsibilities, organizes and directs compliance activities, and prepares reports for executive management, the Board of Directors, and the Compliance Committee. Develops, reviews, and maintains compliance-related policies and procedures. Reviews new products, services, and operational changes to identify regulatory requirements and compliance risks prior to implementation.

Responds to compliance inquiries from all departments. Develops compliance monitoring activities to assess adherence to applicable laws, regulations, and internal policies. Coordinates regulatory compliance examinations and manages corrective actions resulting from examination findings. Serves as chairperson of the Compliance and CRA committees.

CRA (Community Reinvestment Act): Responsible for developing and administering all aspects of the Bank's Community Reinvestment Act program. This position develops programs to ensure the Bank meets the needs of the community and attains CRA compliance goals, maintaining a Satisfactory or better CRA rating during regulatory examinations. Advises on emerging CRA issues to ensure objectives are maintained. May participate with or delegate maintenance of relationships with community-based, charitable, and non-profit organizations as appropriate. Maintains CRA data, CRA Public File, and CRA examination coordination.

BSA (Bank Secrecy Act) / AML (Anti-Money Laundering): Provides oversight of the BSA/AML compliance program while supporting the designated BSA Officer. Monitors overall program effectiveness, reports significant compliance risks to executive management, and ensures appropriate governance without assuming day-to-day responsibility for suspicious activity monitoring or case management.

Required Skills:

• Three or more years of progressive compliance experience in a financial institution
• Regulatory examination experience with ability to manage multiple regulatory priorities
• Ability to balance strategic oversight responsibilities with active participation in daily compliance operations
• Highly attentive to detail and accuracy with excellent organizational and time management skills
• Strong analytical skills
• Ability to research and interpret complex regulations
• Ability to write and implement strong policies and procedures
• Team player attitude to process compliance related tasks efficiently and accurately
• Effective communicator and influencer
• Satisfy internal compliance related inquiries in a prompt and professional manner
• Promote Luana Savings Bank to the surrounding area
• Professional appearance and behavior
• Follow all established policies, procedures, and regulations
• Reside within a 25 mile radius from the designated office or willing to relocate - please include location/relocation details in cover letter or resume submission
• Associate's Degree or equivalent banking/compliance experience

Desired Skills:

• Working knowledge of applicable banking regulations, including but not limited to:
• Regulation B, Z, DD, CC, E
• HMDA
• Flood Regulations
• UDAAP
• Fair Lending
• CRA
• BSA/AML
• Experience in Jack Henry core systems
• Experience in Kadince (CRA system)
• Experience in Verafin (BSA system)
• Board or executive level presentation experience
• Certified Regulatory Compliance Manager (CRCM) designation by the ABA or other related/comparable compliance training designations that reflect core competences in the compliance field
• Bachelor's Degree in Finance, Business, Accounting, Risk Management, or related field

Additional Info:

• At-Will, Full-Time position based on 40 hours per week
• Schedule is 8AM-4:30PM M-F
• Travel: Minimal for occasional training
• Employment is subject to background and credit check

Benefits:

• Paid Vacation, Sick, Personal, and Volunteer time off
• Single, spouse, or family medical coverage offered with majority paid by employer - Employer funded HSA Account compliments the medical coverage plan
• 401(K) plan with employer match
• Additional Profit Sharing Plan that tops the industry

Luana Savings Bank is the multi-year consumer-voted BEST BANK in the entire METRO per the Des Moines Register Metro's Best Competition. Operating with around 100 employees across 6 locations, we provide a team atmosphere where new ideas are encouraged. Every staff member is important and appreciated. We understand a successful business relies on staff contentment to provide the best customer experience possible. Our extremely low turnover rate and employee longevity, as many as 50 YEARS OF SERVICE, is a testament to why professionals choose a career with Luana Savings Bank.

Luana Savings Bank is an Equal Opportunity Employer