Compliance Officer

First State Bank - a community bank headquartered in Middlebury, Indiana is looking for its next Compliance Officer.

As the Compliance Officer, you'll play a key role in helping the bank follow important federal and state laws and regulations. Your main responsibility will be to lead our compliance program—making sure we have the right policies in place, keeping up with regulatory requirements, and supporting regular audits and reports.

You’ll work closely with teams across the bank to build a culture that values doing the right thing and following the rules. In this role, you'll also be the main point of contact for regulators, helping the bank respond to questions, exams, and updates from agencies that oversee financial institutions.

This position is ideal for someone who enjoys staying current on industry trends and legal updates, has a sharp eye for detail, and wants to make a real difference in how the bank manages risk and upholds integrity.

Here are some of the duties most frequently performed in this position:

• Develop, implement, and maintain the bank’s compliance management system (CMS) to ensure regulatory adherence.
• Monitor and interpret changes in federal and state banking laws, including BSA/AML, Fair Lending, UDAAP, and other applicable regulations.
• Serve as the bank’s Bank Secrecy Act (BSA) Officer, overseeing anti-money laundering (AML) compliance and ensuring proper reporting of suspicious activities.
• Act as the liaison for Bank employees, Law Enforcement, and Financial Agencies relating to the dissemination of information regarding BSA processes.
• Collaborate with senior management and department heads to develop compliance strategies and integrate regulatory requirements into bank operations.
• Ensure timely and accurate regulatory filings and reporting to banking authorities.
• Maintain the Bank’s Community Redevelopment Act (CRA) documentation files to ensure that all the Bank’s efforts in this area are appropriately documented.
• Collect, direct information, and respond to questions for monitoring reports initiated by the Bank’s compliance consultant.
• Ensure compliance training programs for employees, management, and the Board of Directors is administered on a consistent, scheduled basis.
• Serve as the primary point of contact for regulatory agencies and auditors, facilitating examinations and ensuring timely resolution of any findings.
• Review and approve Residential and Commercial Real Estate Appraisers for the Bank’s use.
• Maintain and update policies and procedures to align with evolving regulatory requirements and industry best practices.
• Oversee complaint management processes, ensuring prompt investigation and resolution of consumer complaints.
• Stay informed about emerging risks, industry trends, and best practices in compliance and risk management.
• Negotiate the contract for compliance advisory services with the partner consultant.

This is not an all inclusive list. There are other duties that arise from time to time.

To be considered for this position, you should possess the following:

• Bachelor’s degree in Business Administration, or Finance preferred, exemption for relevant experience.
• Minimum of 3 years of banking experience that demonstrates increasing responsibility.
• In-depth knowledge of banking laws and regulations, including BSA/AML, CFPB, FDIC, OCC, and state banking requirements.
• Strong leadership skills.
• Excellent analytical, problem-solving, and decision-making abilities.
• Strong communication and interpersonal skills, with the ability to interact effectively with regulators, and all levels of the Bank’s team (Entry Level to C-Suite and Directors).

Certification such as CCBCO (Certified Community Bank Compliance Officer), CRCM (Certified Regulatory Compliance Manager), or willingness to achieve preferred.

FIRST STATE BANK IS AN EQUAL OPPORTUNITY EMPLOYER.