Compliance Officer

Summary

The Compliance Officer is responsible for ensuring the bank operates in accordance with relevant laws, regulations, and internal policies, managing compliance risks, developing and enforcing policies, conducting reviews, and providing guidance to protect the bank from legal and reputational risks. Serving as compliance support for all areas within the banks, this position assists the Director of Compliance in implementing responsibilities outlined in the Compliance Program. This role requires strong compliance management, leadership, cooperation, and communication skills, both oral and written. The ideal candidate will possess a thorough understanding of compliance regulations and be capable of effectively helping management interpret and apply these regulations to bank operations. This position also requires creativity, solid risk management principles, and currently may involve supervisory responsibilities, supporting the Dickinson Financial banks.

Responsibilities

• Monitor updates to banking laws and regulations to ensure the bank compiles with new requirements.
• Oversee the compliance management testing program and assist with conducting compliance reviews of banking operations to assure adherence to regulations and internal policies.
• Manage compliance matters related to fintech and third-party partnerships.
• As guided by the Director of Compliance, work with assigned business unit leaders to establish comprehensive compliance risk assessments that consider every line of business, product/service offering, geographic locations, customers, and operations for the full scope of regulations identified in the banks’ Compliance Policy
• For assigned business units, ensure that a comprehensive system of compliance controls is in place, documented, and operating effectively. Where weaknesses in the control structure are identified, work proactively with management to implement appropriate remediation actions and strengthen controls.
• Assist as directed in the design and delivery of an effective compliance training program throughout the organization that delivers training on both technical regulatory requirements as well as on internal processes and procedures in place to ensure compliance.
• Engage in partnership with assigned business unit leaders to support the business unit’s ownership and management of compliance risks within the business unit.
• Assist as directed in providing compliance expertise, analysis, and support for assigned new product/service initiatives and assigned changes to existing products and/or services, including review of customer-facing and internal documentation, vendors, systems, training, reporting associated with product and service offerings.
• Conduct compliance reviews of marketing materials as assigned.
• Respond to requests for compliance research, interpretation, and analysis within parameters of departmental service level agreements as assigned.
• Assist as directed in all compliance activities of the banks’ Regulatory Change Management process as documented in the banks’ Compliance Program.
• Assist as directed in the administration of all departmental records, procedures, and programs on the department’s shared drive folders and Intranet pages.
• Assist as directed in compiling all compliance practice activities for Board and management reporting on schedules set by Director of Compliance.
• Serve on committees, task forces, and work teams as directed by the Director of Compliance.
• Maintain current knowledge of laws, regulations, bank policies and procedures applicable to the job assignment.