What are the responsibilities and job description for the AVP/VP Compliance Advisor position at Old Second National Bank?
Who We Are
At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
Position Overview :
The Senior Compliance Advisor serves as the subject matter expert and primary source for direction and day-to-day support to the various business units on compliance related issues. This position will interface with all levels of management and personnel. Strong interpersonal skills, good judgement, excellent written and oral communication skills, and the ability to collaborate effectively are vital for success in this role.
Within the Senior role, the incumbent works independently with minimal assistance from management and is involved in more complex matters. As a Senior advisor, the incumbent may serve as a knowledge resource to other, more junior members, of the compliance team.
Essential Job Functions :
- Maintain a strong technical understanding of applicable banking laws, regulations, and regulatory guidance as they apply to banking products, services and processes;
- Ensure bank-wide internal controls, policies and procedures are compliant with applicable banking laws and regulations through testing;
- Manage the regulatory change process by maintaining timelines needed for newly promulgated or amended laws and regulations and working closely with business unit partners to ensure thorough implementation;
- Assist with the completion of the Compliance Risk Assessment to determine residual risks facing the Bank;
- Assist with the review of new products and / or services prior to launch;
- Review and approve advertising and / or marketing material, evaluating for regulatory and UDAAP risk;
- Assist the Compliance Manager during internal audits and regulatory exams and on any corrective action plans assigned to the Compliance Department;
- Review customer complaints and monitor for any potential trends that may indicate a need for enhanced controls.
Minimum Requirements
Bachelor's degree in related area of study and three or more years of compliance or risk management experience within a financial institution; or equivalent combination of education and experience.
Competencies
Preferred, but not required
Location Details :
This position may be eligible to be fully remote dependent upon business needs. With management approval, an incumbent may work remotely to perform the regular responsibilities of the role. Remote work must be performed in Illinois, Missouri, Michigan, Indiana, Wisconsin or Iowa. Business needs may require the incumbent to work onsite as needed.
Compensation & Benefits
Base pay : $85,000-$115,000
Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience.
Benefits : How We Support You - Old Second
Thanks for considering Old Second!
Salary : $85,000 - $115,000
