What are the responsibilities and job description for the Compliance Manager position at Movement Bank?
Job Title : Compliance Manager
Reports to :
Chief Compliance Officer
- Demonstrate and maintain comprehensive knowledge of all applicable laws and regulations for loans, deposits, and other regulations.
- Our Compliance Manager will conduct research as assigned and provide information regarding regulations, regulatory changes, and potential procedural impact.
- Perform detailed routine monitoring to determine the extent of compliance with regulations, laws, policies, and procedures.
- It is vital that our Compliance Manager communicate the results of monitoring to department managers and senior management, follow-up to ensure issues are addressed and escalate issues when necessary.
- Evaluate policies / procedures to ensure they are in line with all regulations on mortgage and other loans as well as consumer deposits.
- Assist business units in implementing processes necessary to comply with regulations.
- Perform regulatory research in response to business unit compliance inquiries, questions, concerns, monitoring and / or projects.
- Review advertising, promotional materials and loan / deposit forms and documents for regulatory compliance.
- Successfully complete all required corporate and compliance department training.
- Assist in the administration of independent, state, and federal regulatory and auditor examinations and reviews.
- Assist with Community Reinvestment Act (CRA) program input and analysis.
- Assist in implementing training programs to ensure compliance with bank and consumer regulations.
- Assist with Change Management program and documentation.
- Perform support and backup for the BSA Officer's Bank Secrecy Act (BSA), Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT), and OFAC programs.
- Other duties as assigned.
At Movement Bank, we exist to love and serve our communities with a Purpose Bigger Than Banking. We aim to bridge the wealth divide, connect those with resources to those excluded, and transform communities through long-term investment in business, housing, and education. When you join our team, you become part of our movement, our story, and our legacy.