Compliance Officer

Description

About Bankwell:

Bankwell is a commercial bank with more than $3 billion in assets that serves the banking needs of businesses and individuals. At Bankwell, we pride ourselves on our unique ability to bring you high touch, high quality banking with the expertise and dedication of our experienced team of professionals. When it comes to business, our deep industry knowledge, flexibility and innovative treasury and financing services enable us to find the right solutions for our business and commercial clients. We’re passionate about giving back and are actively involved with many not-for-profit organizations that help shape and improve the lives of others. We’re dedicated to giving our time and talent to support the communities we serve. More about Bankwell can be found at www.mybankwell.com

Summary Of Position

This role is responsible for reviewing, maintaining, and improving the Company’s and affiliated Bank’s (hereafter the Company) Compliance Program to ensure compliance with applicable bank laws and regulations. The Compliance Officer is the primary compliance resource and should be able to answer the bulk of the staff’s compliance questions. The Compliance Officer acts as the Company’s Privacy Officer.

Responsibilities Include

• Developing and maintaining appropriate compliance policies and procedures
• Providing compliance training to supplement computer-based training programs, as needed, and ensuring that staff members are assigned to take required computer-based training programs or attend Webinars, teleconferences, or external seminars; serves as Administrator of the ABA’s Frontline Compliance Training program; provides compliance training to the Boards of Directors
• Appraising the effectiveness of the Compliance Program and revising it, as needed, to ensure it meets the Company’s needs and is in conformance with the FDIC’s Compliance Management System
• Preparing an annual Compliance Risk Assessment and presenting it to the Bank governance structure
• Evaluating sufficiency of and adherence to the Company’s policies and procedures and compliance with applicable laws and regulations and ensuring that affected departments have taken corrective action, as needed
• Maintaining a compliance library and keeping updated on regulatory changes, emerging issues, and potential liabilities
• Continuing compliance education by attending Webinars, seminars, and taking required computer-based training courses
• Disseminating compliance information in a timely manner to affected departments
• Implementing regulatory changes by developing a written Implementation Plan and assisting affected departments in implementing regulatory requirements by effective dates
• Conducting Compliance Committee meetings and maintaining records of them
• Reporting to the Bank’s governance structure on a regular basis on complianceand privacy-related issues
• Conducting annual compliance training for the Board of Directors
• Performing timely and accurate reviews of the Bank’s advertisements and Website pages
• Performing timely and accurate reviews of compliance-related forms, disclosures, and procedures and maintaining an inventory of approved documents
• Assisting the Director of Risk Management in acting as regulatory liaison for CRA and consumer compliance-related examinations and audits
• Serving as Privacy Officer and coordinating with the Chief Security Officer in connection with the Information Security Program
• Overseeing the Identity Theft Red Flags Prevention Program, including Policy review, and contributing to the Identity Theft Risk Assessment
• Serving as an ex-officio member of the Bank’s Risk Management Committee and Supporting the CRA and HMDA functions by working closely with the Director of Risk Management to ensure the accuracy of CRA and HMDA data, reports, and maps and to ensure timely and accurate updates to the Bank’s CRA and HMDA Procedures Manual are made
• Providing compliance support to all business areas
• Managing, leading, and coaching the CRA/HMDA Specialist and Risk & Compliance Specialist
  
  
  

Requirements

Qualifications & Skills:

• Bachelor’s degree and knowledge of banking regulations
• Legal background and, or, JD degree required.
• Minimum five years’ experience as a bank Compliance Officer.
• Deep CRA background.
• SBA lending background.
• CRCM designation is desirable.
• Knowledge of all applicable State and Federal compliance regulations and laws
• SharePoint, AML Manager, Compliance RELIEF, iVUE, Fiserv Cleartouch knowledge is desirable
• Basic PC skills. Familiarity with basic Windows and Microsoft programs including ability to create Word Documents, Power Point presentations, and Excel spreadsheets
• Excellent oral and written communication skills
• Must be proactive, self-motivated, and a self-starter
• Possess good interpersonal skills
• The ability to communicate with people at all levels of the Company including Senior Management and the Board of Directors
• Strong sense of integrity and personal ethics
• Adheres to all applicable Policies and Procedures
  
  
  

Salary Description

$150,000 - $185,000