Compliance Officer

Compliance Officer

General Summary : Establishes

and maintains policies, procedures, processes and practices to support the

Bank's Compliance Program, ensuring effective compliance with internal

policies, legislative requirements, and regulatory requirements, including

Federal Housing Finance Agency (FHFA), Sarbanes Oxley (SOX), Anti-Money

Laundering (AML) / Bank Secrecy Act (BSA), and fair lending requirements.

Principal Duties and

Responsibilities :

• Independently owns and maintains a risk-based framework to coordinate with stakeholders across the Bank to assess, measure, monitor, verify, and report Bank-wide compliance with laws, regulations, regulatory guidance, internal Bank policies, and internal controls.
• Creates and executes a risk-based approach to identifying Bank-wide compliance gaps, assists departments in remediating gaps, and ensures gaps are appropriately reported, monitored, and addressed.
• Maintains a tracking database of key regulatory compliance requirements, as well as departmental compliance activities.
• Assists and coordinates gap analysis assessments of new / revised regulatory initiatives to ensure appropriate compliance activities are achieved.
• Performs an annual assessment of compliance risk and departmental compliance activities as part of the Bank's risk assessment process.
• Performs ad-hoc compliance reviews and analysis of self-reported operational errors, as needed.
• Creates compliance reports for management and the Board.
• Coordinates with stakeholders across the Bank in the maintenance of a database of information reported to the FHFA, including responses to Special Data Requests.
• Addresses regulatory and audit findings related to compliance.
• Develops and maintains the fraud risk assessment and coordinates Suspicious Activity Reporting (SARs) with appropriate agencies.
• Provides direction, assistance and support for SOX initiatives.Assists staff with SOX documentation and control efforts and implements procedures to ensure SOX documentation is updated on a regular basis.Coordinates with Internal and External Audit on various SOX control initiatives.
• Implements, owns, and administers the Bank's Governance, Risk, and Compliance (GRC) system, ensuring it is effectively integrated into the Bank's overall risk management and compliance framework.
• Assists in the preparation for and management of regulatory examinations, audits, and inquiries, as assigned.
• Oversees the development and delivery of compliance training programs for all levels of staff, ensuring that employees are aware of and understand their compliance obligations, as assigned.
• Leads and manages one or more compliance professionals.
• Performs other duties and completes special projects as assigned by management.

Minimum Knowledge,

Skills and Abilities Required :

Working Conditions : Normal

office environment with flexibility to meet tight deadlines as required.