What are the responsibilities and job description for the Compliance Officer position at Texas Bank?
Duties
- Work directly with the Regulatory Compliance Officer in providing subject matter expertise and guidance on state and federal compliance laws and regulations. Support Compliance officer on research requests and emerging issues.
- Coordinate CRA monitoring, analysis, and reporting.
- Receive direction from leaders and exercise independent judgment to build and maintain an advanced knowledge of laws, regulations, emerging risks, and the impact on policies, products, processes, systems, and internal controls.
- Maintain knowledge of the latest financial, technology, and banking product innovations and regulations as well as a comprehensive understanding of bank products, services, operations, and systems.
- Perform compliance reviews and assist in preparing compliance reports with identified findings and recommendations. Track corrective action implementation.
- Collect, aggregate, and analyze data from sources across the Bank to proactively identify risks, determine root cause, and advise on potential remedial action plans.
- Assist with compliance risk assessments; analyze and evaluate risks.
- Assist in the design and/or revision of policies, forms, disclosures, notices, products, web site, and marketing to ensure compliance with all applicable rules and regulations.
- Assist in training, supporting, and mentoring personnel on regulatory requirements and on the bank's compliance policies and procedures (in person or training alerts). Maintain training records and reports.
- Assist in the development and maintenance of compliance departmental procedures and operational procedures.
- With increasing levels of independence and professional judgment, identify deficiencies and recommend solutions to complex issues. Collaborate and consult with peers, colleagues, and managers to resolve issues, influence change, and achieve goals.
- Perform other activities assigned as deemed appropriate by Management.