What are the responsibilities and job description for the Compliance Officer position at Hawthorn Bank?
SUMMARY
This technical and professional position is responsible for providing an independent assessment of bank compliance issues. This position performs monitoring of deposit and lending activities to comply with federal and state banking laws and regulations. This position is expected to work independently of management and exercise professional skepticism. Work is performed within the framework of standard compliance program guidelines; however, a high level of independent judgment and discretion is required in performing assigned tasks.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Assist to develop and adhere to a compliance program that is approved, reviewed, and revised by the Board of Directors and Chief Executive Officer. Implement appropriate compliance procedures for new and existing laws. Disseminate information and advise staff regarding new and existing laws and regulations.
Serve as a member on the compliance committee; attend regular compliance committee meetings.
Serve as an expert and provide advice and opinions to other bank staff regarding bank compliance issues; research topics utilizing a wide variety of sources to obtain accurate and timely information.
Recommend and implement regulatory requirements; maintain schedule of compliance activities; delegate compliance requirements to affected bank staff.
Assist management and regulatory examiners to expedite the examination process by gathering requested documents, providing reports and work papers; and respond to questions and comments.
Determine the need for and make recommendations regarding mandatory compliance training for bank staff.
Comply with all banking regulations, policies and procedures.
Attend and provide input at internal and external meetings.
Review technical bulletins, alerts, newsletters, etc.; disseminate pertinent information to affected staff.
NON-ESSENTIAL DUTIES & RESPONSIBILITIES include the following. Other duties may be assigned.
Maintain educational and professional expertise through attendance at job related seminars, conferences, and workshops and involvement in professional, civic, and community groups in leadership positions.
SUPERVISORY RESPONSIBILITIES
None.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE
Possess a four-year college degree from an accredited university or institution with the major area of study in business, accounting, finance or other closely related discipline. Plus additional education and/or training.
Possess a minimum of six years of professional work experience as a Compliance Officer or comparable position.
Preference may be given to individuals possessing a Certified Regulatory Compliance Manager certification, or other relevant professional certification.
LANGUAGE SKILLS
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.
MATHEMATICAL SKILLS
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percentage and to draw and interpret bar graphs.
REASONING ABILITY
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
OTHER SKILLS AND ABILITIES
Must have the ability to operate PC and printer, copy and fax machines and telephone. Must have good working knowledge of word processing and spreadsheet software programs. Advanced PC knowledge.
KEY CONTACTS--Internal and External
Has frequent contact with all departments.
CERTIFICATES, LICENSES, REGISTRATIONS
Valid driver’s license.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel and reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
COMMENTS
Position may require occasional overnight travel to attend various training sessions. Position requires the ability to work before or after normal business hours to attend various meetings and meet with clients.
This technical and professional position is responsible for providing an independent assessment of bank compliance issues. This position performs monitoring of deposit and lending activities to comply with federal and state banking laws and regulations. This position is expected to work independently of management and exercise professional skepticism. Work is performed within the framework of standard compliance program guidelines; however, a high level of independent judgment and discretion is required in performing assigned tasks.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Assist to develop and adhere to a compliance program that is approved, reviewed, and revised by the Board of Directors and Chief Executive Officer. Implement appropriate compliance procedures for new and existing laws. Disseminate information and advise staff regarding new and existing laws and regulations.
Serve as a member on the compliance committee; attend regular compliance committee meetings.
Serve as an expert and provide advice and opinions to other bank staff regarding bank compliance issues; research topics utilizing a wide variety of sources to obtain accurate and timely information.
Recommend and implement regulatory requirements; maintain schedule of compliance activities; delegate compliance requirements to affected bank staff.
Assist management and regulatory examiners to expedite the examination process by gathering requested documents, providing reports and work papers; and respond to questions and comments.
Determine the need for and make recommendations regarding mandatory compliance training for bank staff.
Comply with all banking regulations, policies and procedures.
Attend and provide input at internal and external meetings.
Review technical bulletins, alerts, newsletters, etc.; disseminate pertinent information to affected staff.
NON-ESSENTIAL DUTIES & RESPONSIBILITIES include the following. Other duties may be assigned.
Maintain educational and professional expertise through attendance at job related seminars, conferences, and workshops and involvement in professional, civic, and community groups in leadership positions.
SUPERVISORY RESPONSIBILITIES
None.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE
Possess a four-year college degree from an accredited university or institution with the major area of study in business, accounting, finance or other closely related discipline. Plus additional education and/or training.
Possess a minimum of six years of professional work experience as a Compliance Officer or comparable position.
Preference may be given to individuals possessing a Certified Regulatory Compliance Manager certification, or other relevant professional certification.
LANGUAGE SKILLS
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.
MATHEMATICAL SKILLS
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percentage and to draw and interpret bar graphs.
REASONING ABILITY
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
OTHER SKILLS AND ABILITIES
Must have the ability to operate PC and printer, copy and fax machines and telephone. Must have good working knowledge of word processing and spreadsheet software programs. Advanced PC knowledge.
KEY CONTACTS--Internal and External
Has frequent contact with all departments.
CERTIFICATES, LICENSES, REGISTRATIONS
Valid driver’s license.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel and reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
COMMENTS
Position may require occasional overnight travel to attend various training sessions. Position requires the ability to work before or after normal business hours to attend various meetings and meet with clients.
