Compliance Officer

SUMMARY The Compliance Officer is responsible for developing, implementing and administering all aspects of the Bank’s Compliance Management Program.
This position plans, organizes, and controls the Bank’s day-to-day administrative, lending and operational compliance activities; collaborates with Senior Management in the overall administration of these directives for the Bank.
Participates in various committees, audits and examinations.
Performs duties as the Bank Privacy Officer.
Conducts staff training related to new hires, compliance and customer service.
Advises the Board of Directors, Senior Management and Bank personnel of emerging compliance issues as well as consults and guides the Bank in the establishment of controls to mitigate risks.
ESSENTIAL DUTIES Develops, implements and administers all aspects of the Bank’s Compliance Management Program; assists independent, state and federal regulator auditor inquiries; conducts risk assessments, reviews and writes compliance related policies and procedures; makes recommendations to the Board of Directors and Senior Management when appropriate; submits annual reports to the Board of Directors detailing compliance issues.
Maintains a proficient knowledge of all applicable banking rules and regulations.
Acts as a point of contact for internal compliance questions and issues.
Performs duties as the Privacy Officer; ensures the safety and security of all customer information; restricts access to customer information only to personnel with a legitimate need for such information, both inside and outside the Bank.
Works closely with Senior Management; develops strategic plans, reviews reports; organizes plans and makes recommendations for major compliance initiatives involving functional changes within the Bank and budgets.
Verifies the accuracy of APY and APR calculations for system, disclosure and advertising purposes.
Maintains a Compliance Library for the Bank; ensures materials are current and available for use and reference.
Oversees actions of comprehensive self-testing, independent third party and regulatory audits; makes necessary preparations for such audits or exams; coordinates responses to external auditors and regulatory examiners; ensures deficiencies identified from such audits and examinations are corrected.
Develops and administers various forms to assure the use of correct and updated forms by Bank personnel.
Ensures compliance with all applicable reporting and recordkeeping requirements.
Ensures timely distribution of related materials and publications to designated personnel.
Conducts compliance training presentations and exercises with all Bank personnel.
Assumes responsibility for special projects, gathers data and prepares reports for Senior Management, audits and other personnel.
Processes, solves and answers complex customer transactions, problems or inquiries.
Assumes responsibility for various department functions in the absence of staff members or in overload situations.
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
Demonstrates knowledge of and adherence to Equal Employment Opportunity (EEO) policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
Assures compliance with all Bank policies and procedures and all applicable state and federal banking laws, rules and regulations.
Completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the Bank through outside activities.
Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions.
The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
MINIMUM REQUIREMENTS These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position.
The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner.
Individual abilities may result in some deviation from these guidelines.
Bachelor’s degree from a college or university; or of related experience and/or training; or the equivalent combination of education and experience.
Work related experience should consist of an in-depth background in Bank administration, compliance and supervisory skills.
Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to the financial industry.
Advanced knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations, and other Bank operational policies and procedures.
Strong working knowledge of the following regulations: HMDA, Flood, Reg Z, Reg, X, Reg O, Reg CC, Reg E, Reg B, Reg DD, etc.
Intermediate experience, knowledge and training in all operational and lending activities and terminology.
Proven ability to effectively train and instruct others in a formal classroom or one-on-one environment.
Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.
Advanced knowledge of preventive and reactive security measures (e.
g.
, robbery, bomb threats, extortion, kidnapping, training, etc.
) and systems (e.
g.
, alarms, motion detectors, etc.
); experience in dealing with various law enforcement agencies.
Advanced knowledge of preventative and reactive safety measures (e.
g.
, accidents, site inspections, training, etc.
) and systems (e.
g.
, fire alarms, extinguishers, protective apparel, etc.
); experience in dealing with various state safety agencies and other personnel.
Excellent organizational and time management skills.
Advanced knowledge of Microsoft Office; Excel, Word & PowerPoint.
Intermediate typing skills to meet production needs of the position.
Intermediate math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employees.
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
Ability to work with no supervision while performing duties.
Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
Please note that this job description is not inclusive of all activities, duties or responsibilities that are required of this position.
Duties, responsibilities and activities are subject to change at any time with or without notice.