What are the responsibilities and job description for the Assistant Compliance Officer position at Rosedale Federal Savings and Loan Association?

Join Rosedale Federal and Be a Part of OUR STORY

At Rosedale Federal, we pride ourselves on being a community bank. We are a highly successful, growing financial institution with a rich 116-year history, over $1 billion in assets, 13 retail branch locations in MD, and approximately 155 employees. Our culture, strategic vision, and core values center around community , both internal and external. We believe what sets us apart is our strong commitment to our people - employees, customers, and communities - with a focus on employee engagement and recognition, work / life balance, growth and development opportunities, personal connections, delivering an exceptional personal touch customer experience, charitable giving, employee involvement in our communities, financial literacy, and so much more.

About the Job

We are currently seeking an Assistant Compliance Officer to join our team. This position requires in person work out of our office in Perry Hall, Maryland and may be eligible for some offsite work flexibility.

This individual works directly with the Chief Compliance Officer in developing, implementing and administering all aspects of the compliance function. The Assistant Compliance Officer is responsible for executing departmental initiatives, as directed by the Chief Compliance Officer, to ensure compliance with state and federal regulations. Responsibilities include supervision and guidance of the Compliance Specialist, administering all aspects of the bank's compliance activities, consulting with management on compliance issues, leading various committees, monitoring legislative / administrative developments as they pertain to the bank, performing vendor management and contract review, and performing special projects as needed.

In this position you will :

Manages and / or delegates the daily operations and management of the compliance function as directed by the Chief Compliance Officer to include the compliance management of strategic and new product initiatives; support of departmental implementation of regulatory changes; and performance of necessary reviews to ensure compliance requirements are met.
Manages and oversees the administration of outsourced compliance reviews, internal audits, and regulatory examinations; consumer complaint tracking; approval of marketing advertisement creative and materials; board report preparation; and online training modules.
Gives compliance guidance to the compliance specialist, management, and personnel. Keeps management and other bank personnel informed of the implementation of new regulations or changes to existing regulations. Provides Bank staff with useful materials and publications relative to regulatory requirements and recent developments. Participates in various departmental committees and meetings to assist with related compliance requirements and procedures.
Manages meetings for Compliance and CRA Committees to include presenting and discussing regulatory changes.
Manages internal customer service regarding compliance related questions, research and investigations, and service level agreements. Utilizes appropriate compliance resources to facilitate timely responses.
Collaborates with department management on Bank policies and procedures to ensure they are updated in accordance with regulations, legal requirements, and trends.
Acts as Bank liaison to compliance attorney.

This list of essential functions is not necessarily exhaustive and may be supplemented, or otherwise revised by the employer, at its sole discretion.

What we are looking for :

Bachelor's degree in Business Administration or related field or equivalent experience in the industry.

Minimum of 5 years in bank compliance with a strong knowledge and understanding of all federal and state banking laws and regulations.

1 - 3 years supervisory experience required.

Compliance Certification equal or equivalent to Certified Regulatory Compliance Manager (CRCM) or Certified Community Bank Compliance Officer (CCBCO) is preferred.

Strong understanding of financial institution back office and frontline areas, functions, policies and procedures, products and services, and the interrelationship between departmental functions.

Strong interpersonal and communication (both written and verbal) skills with the ability to interact professionally, effectively, and tactfully with all levels of management, legal counsel, auditors, and examiners while maintaining strict confidentiality.

Strong organizational skills with the ability to work independently, as well as collaboratively within a team environment. Must be capable of handling multiple priorities, be self-directed and exercise independent judgment.

Strong ability to interpret legal and regulatory concepts and perform legal and regulatory research and analysis. Must be able to convey such concepts to Compliance Specialist, and Bank management and personnel.

Ability to retain a broad knowledge of compliance laws and regulations, operational and lending functions.

Must have strong judgment and analytical abilities with attention to detail and accuracy, as well as ability to draw conclusions and provide solutions based on relevant facts.

Proficient with Microsoft Office Suite (Word, Excel, Outlook) including compare, charts, pivot tables, and data filters.

WORKING CONDITIONS / PHYSICAL REQUIREMENTS

Must be able to remain in a stationary position for long periods of time (50%-75% of the time).

The person in this position needs to occasionally move about inside the office to access file cabinets, office machinery, etc.

Constantly operates a computer and other office productivity machinery, such as a calculator, copy machine, and computer printer.

Benefits you will enjoy :

401(k) - fully vested employer match and discretionary year end employer profit share contribution

Health Savings Account with generous employer contribution

Wide variety of Voluntary Benefit Options

Employer subsidized Health & Wellness Fitness Program

Generous paid time off including Birthday Day Off

Paid Parental Leave

Discretionary performance-based bonus program

RISE Employee Recognition Program

Paid Community Outreach Hours

We are an equal opportunity employer. Employment selection and related decisions are made without regard to race, color, religion, sex or gender (including pregnancy), age, marital status, disability, national origin, veteran status, sexual orientation, gender identity, genetic information or any other protected class.

Salary : $82,000 - $110,000

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