Compliance Officer-Deposit & Non-Lending

The Compliance Officer – Deposit & Non-Lending Practices serves as key second line of defense role to ensure compliance with corporate initiatives and to ensure line of business and departmental processes comply with applicable law and regulations. Supports overall compliance management program through execution of testing programs designed to evaluate the effectiveness of business practices in meeting respective compliance with laws, regulations and industry standards. Responsible for leading reviews and testing of non-lending-related state and federal laws, rules and regulations to ensure full compliance (i.e. CC, DD, E, Overdrafts, Privacy, Advertising, Garnishments, GLBA, COPPA, TCPA, FCRA, E-Sign, UDAAP, etc.). May perform designated back-up duties for Sr. Compliance Program Manager as needed.

Bachelor’s degree in a business related field or equivalent experience is required. A minimum of three (3) years of experience in dealing with compliance management system control design or internal audit across multiple business lines in the Banking/Financial industry and professional control evaluation/design certification, e.g. CIA, CISA, etc. is preferred. Broad financial services and operational exposure and experience a plus. Must possess a valid driver’s license and have the ability to travel when necessary. May be eligible for Telecommuting.

Essential Job Responsibilities__________________________________

1. Performs reviews of various processes non-lending-related state and federal laws, rules and regulations to ensure full compliance (i.e. CC, DD, E, Overdrafts, Privacy, Advertising, Garnishments, GLBA, COPPA, TCPA, FCRA, E-Sign, UDAAP, etc.), identifying regulatory compliance risk and testing controls to ensure they adequately mitigate the risk.

2. Accurately identifies the root cause of violations and process weaknesses; collaborates with Sr. Compliance Program Manager in developing recommendations for corrective action.

3. Explains and discusses regulatory findings with Compliance partners and Line of Business (LOB) personnel to ensure identification of root cause and development of appropriate remediation action.

4. Communicates regulatory and operational issues identified via written memo and uses LOB response to create remediation action plans with the Bank’s GRC system.

5. Tracks the progress of LOB remediation efforts and verifies upon completion of action plan.

6. Maintains strong knowledge of federally recognized examination procedures to evaluate compliance with consumer related laws and regulations.

7. Conducts research independently to prepare and execute an effective testing program.

8. Conducts reviews in a timely manner so that testing results can be delivered to LOB, remediation is swift and monitoring plan schedule is satisfied.

9. Participates in the analysis of non-lending related policies and procedures, including deposit trends, current regulatory focuses, previous examination findings and input from Audit, to develop a clear understanding of the Bank’s position as it relates to Compliance issues and risks.

10. Actively participates in meetings with peers to build and maintain knowledge of current and emerging issues and risks within the compliance control environment.

11. Fully functions as an internal consultant to assist department managers in implementing compliance-related initiatives and serves as contact for compliance process inquiries.

12. Analyzes new and pending compliance developments in assigned laws and regulations and their impact of current processes.

13. Provides recommendations to the Sr. Compliance Program Manager and Business Partners for continual development of compliance procedures/controls based on testing results.

14. Develops and maintains productive working relationships with regional, departmental and branch leadership teams through individual contacts, the Compliance Committee meetings and other group and project meetings.

15. Reviews testing results with Sr. Compliance Program Manager in a timely manner if established completion dates cannot be met.

16. Attends training and provides regulatory guidance to other personnel as needed.

17. Serves as backup in assigned areas and assists other staff as needed and performs other duties as awarded by management.

18. Supports the compliance risk review and assessment process, as needed.

Bona Fide Occupational Qualifications___________________________

1. Bachelor’s degree in business related field or equivalent work experience. 

2. Three (3) years of experience in related field or banking environment preferred.

3. Must be able to use general office equipment (telephone, PC, fax, copier, calculator, etc.) and be familiar with Microsoft Word and Excel applications. 

4. CIA or other Certified Designation preferred.

5. Must possess a valid driver’s license and have the ability to travel when necessary. 

6. May be eligible for Telecommuting