What are the responsibilities and job description for the VP Lending Compliance Manager position at First Financial Bankshares?
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We’re always looking for bright individuals to join our growing organization. As a part of the First Financial Family, we will invest in your development and provide a dynamic work environment where you’re challenged, valued and empowered every day. We strive to be the best destination for the industry’s top talent, creating a diverse, collaborative workplace that celebrates innovation and change. We are one team, working together to get things done.
Job Description:
Office Location:
Abilene, Texas, United States
SCOPE/CONTACTS:
Incumbent is responsible for assessing the Bank’s policies, procedures and practices for compliance with numerous federal regulations and published guidelines, and for evaluating and reporting the level of compliance and identified deficiencies to appropriate line managers. The incumbent will reside in the first line and regularly interact with Bank managers and employees. The incumbent must have good communication skills and exercise diplomacy when discussing compliance matters with management and staff.
ESSENTIAL FUNCTIONS: Incumbents responsibilities will include:
- Maintaining a high level of understanding and expertise in consumer regulatory compliance related to lending and other banking operations;
- Working within the front line to ensure compliance with applicable laws and regulations;
- Keeping abreast of new/amended applicable federal regulations and published official guidance;
- Being familiar with applicable state statutes and regulations;
- Conduct and oversee ongoing transaction monitoring of lending compliance requirements;
- Manage team of lending personnel completing ongoing transaction monitoring;
- Provide coaching and training to Relationship Managers on results of ongoing monitoring;
- Provide information on the level of compliance to Credit Administration, Line of Business Management, Regional Senior Lenders, and Regional Presidents;
- Coordinate and manage formal issues, mitigation plans, and risk assessments with the appropriate business line owners to Compliance and/or ERM;
- Act as a liaison for frontline lending personnel during Compliance Assurance reviews, compliance audits, or compliance examinations;
- Actively participating in the Customer Service First program, supporting the values of the organization and following established policies and procedures; and
- Other duties as assigned.
MINIMUM QUALIFICATIONS:
- A bachelor’s degree in business, accounting, auditing, or related discipline,
- Seven years of financial institution regulatory compliance experience,
- Certified Regulatory Compliance Manager (CRCM) certification required.
- Additional banking experience related to lending, auditing, and accounting will be helpful.
- The incumbent must have a working knowledge of Word, Excel, Outlook, and Adobe Acrobat software. Familiarity with other features of Microsoft’s Office suite of applications will be helpful.
- The incumbent should possess the following skills: Attain, develop, and apply good working knowledge of the requirements of numerous state and federal banking laws and regulations;
- Research, analyze, interpret, and effectively apply banking laws to given situations, Bank products, and services;
- Exercise discretion and sound judgment, particularly when advising or directing the application of laws and regulations;
- Communicate effectively with Bank personnel, officers, senior managers and examiners;
- Perform job responsibilities effectively with minimum supervision;
- Good oral and written communication skills;
- Good personnel management skills;
- Protect confidential information.
The above statements reflect the general details considered necessary to decide the principal functions of the job identified and shall not be construed as a detailed description of all work requirements that may be inherent in the job.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
