Remote option available!!

GENERAL FUNCTION:

The Compliance Officer is responsible in assuring that the Bank conducts its operations in compliance with all applicable rules, regulations, laws and best business practices. This role will primarily support the third-party sponsored product consumer deposit and lending products and will take action to reduce the Bank's exposure to regulatory findings, lawsuits, penalties, bad publicity, and other risks.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Maintains current and extensive knowledge of the laws and regulatory guidelines by which the bank is required to comply. Works with the Compliance team to monitor federal, state and local legislative and regulatory environment for proposed changes to laws and regulations and their potential impact on the Bank.
• Participates with the line of business to identify and assess relevant compliance risks [assessments], including performing life-cycle compliance risk assessments for on-boarding sponsored products, ensuring product support, and operations readiness.
• Develops to execute an annual review and training schedule, based on risk assessments, ensuring those areas with greatest potential risk receive appropriate oversight attention. Develops monitoring/testing procedures to address those needs.
  • Prepares and maintains records of all reports documenting compliance review findings and recommendations with management responses and tracks corrective action.
• Assists in the resolution and responses to complaints and assures concerns are properly addressed, including analysis for any underlying compliance-related issues.
• Reviews marketing and collateral materials to ensure compliance with banking, and regulatory standards.
• Produces reports for senior management regarding status of compliance programs and emerging issues to present to Compliance Committees.
• Mentor and help develop compliance analysts on the team.

SUPERVISORY RESPONSIBILITIES:

• Compliance Analyst(s).

EXPECTATIONS:

Satisfactory results on all compliance exams and annual goals as prescribed by the SVP Compliance/CRA.

• This role may have the opportunity to be remote based on candidate location outside of the Chicago area.

• Knowledge of prepaid/card industry databases preferred
• Knowledge of banking applications and Microsoft suite of products (Word, Excel, Outlook, etc.)
• Excellent verbal and written communication
• Good organizational skills including attention to detail and follow through
  • Ability to work well under compressed time constraints
  • Ability to manage multiple tasks/projects at one time
• Ability to resolve problems in a professional and efficient manner

• College education or equivalent job experience
• Minimum 5-years of compliance or regulatory experience in a financial institution, especially with consumer deposit regulations such as Reg E, UDAAP, etc
• Experience in EFTA error resolution investigations, and complaint management preferred
• Certified Regulatory Compliance Manager (CRCM) preferred