A financial institution in the top 10% of banks across the country is looking to add a Compliance Officer to their team! While reporting directly to the COO, this position encompasses two key roles: overseeing Community Reinvestment Act (CRA) and Compliance functions. The role involves collaborating with various departments to review policies, ensure adherence, develop products, and train employees. This position will sit on-site in Park Ridge, IL.
Responsibilities:
- Oversee all aspects of the bank's Compliance program, including the CRA program, enhancing policies and procedures.
- Prepare for and manage CRA examinations and audits, including data collection.
- Present semi-annual CRA activity reviews to the Board CRA Committee.
- Manage reporting systems and coordinate data collection for Community Development Loans and Investments.
- Maintain CRA notice and the Public File updates.
- Provide compliance guidance and conduct training for staff.
- Conduct risk assessments
- Develop and implement compliance monitoring programs across all bank departments.
- Serve as a liaison during regulatory examinations and assist in resolving issues identified.
- Conduct file audits to ensure compliance with regulations such as HMDA, Fair Housing Act, and others.
- Assist in compliance assessments for new products and services before implementation.
Qualifications:
- Bachelor's degree in Finance, Accounting, or a related field
- 4+ years of experience in a Compliance, Audit or Risk Management function while at a bank
- Experience with the following alphabet regulations: Reg E, Reg CC, Reg D, Reg DD, FDIC coverage, GLBA, NACHA, Reg GG
- CRCM is a plus
