Job Description

Job Summary

This position is responsible for the development, implementation and monitoring of the Bank’s compliance programs. The established programs will ensure that the Bank remains in compliance with all applicable laws, rules and regulations governing operations and products.

Essential Job Functions

Performs all compliance functions necessary, within scope of authority and expertise, to provide the highest level of customer service and responsiveness to the financial needs of diverse individuals, families, businesses and organizations served by the Bank.

• Develops and maintains an effective Compliance Program. Serves as the organization's Compliance Manager. Consults with and advises operating units and managers on all compliance related issues. Assures the development and maintenance of compliance policies and procedures throughout the organization.
• Participates as Chair of the Compliance Committee and maintains ongoing involvement in the review and dissemination of regulatory updates, and periodic compliance changes.
• Coordinates the compliance-monitoring program. Assigns level of risk to individual areas to determine the level and frequency of training, testing and monitoring.
• Recommends expansion of compliance policies as necessary. Oversees, and, in designated situations, performs the necessary testing to ensure compliance with bank and departmental policies and procedures.
• Maintains inventory of current compliance laws, regulations as well as official commentaries/interpretations. Keeps abreast of regulatory and industry developments relative to compliance matters.
• Coordinates regulatory compliance examinations with the internal audit program. Assures the adequacy of the internal audit program. Monitors ongoing activities and operations compliance, reports findings to management and the Board of Directors (as applicable), and ensures that corrective action is taken as appropriate.
• Ensures review and appropriate level of approval of compliance policies and procedures.
• Takes direct responsibility for selected compliance regulations as necessary.
• Evaluates the adequacy and effectiveness of the training program related to all compliance issues.

Qualifications/Requirements

7 years of related work experience

Knowledge:

• 5-10 years related bank compliance and management experience required; or appropriate combination of education and experience.
• Proficient knowledge of relevant state, federal and other governmental agency laws and regulations for financial institutions, with a focus on state and FDIC regulations.
• Knowledge of banking services, policies and procedures

The ability to:

Listen and understand information and ideas presented by others.

Apply general rules to specific problems to produce answers that make sense.

Physical Requirements:

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 occasionally required to:

• stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk to hear.
• The employee must occasionally lift and/or move up to 25 pounds.

While performing the duties of this job, the employee is not exposed to weather conditions. The noise level in the work environment is usually moderate.

Education:

Bachelor Degree or equivalent.

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