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Prevail Bank
Marshfield, WI | Full Time
$100k-140k (estimate)
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VP Compliance Manager
Prevail Bank Marshfield, WI
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$100k-140k (estimate)
Full Time Just Posted
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Prevail Bank is Hiring a VP Compliance Manager Near Marshfield, WI

Job Description

Job Description
Benefits:
  • 401(k)
  • Flexible schedule
  • Health insurance
  • Vision insurance
Position Summary:
The VP - Compliance Manager is responsible for developing, implementing and monitoring the compliance management system for the bank. Responsibilities include understanding consumer compliance laws and regulations that affect the bank and ensuring that the bank is adhering to those laws and regulations. This will include training, audit, monitoring, testing, assessing risk, and developing policies/procedures.The role also will directly oversee a team of employees, which may include BSA and other compliance personnel.
Duties and Responsibilities
  • Monitor changes in laws and regulations through external regulatory services, and distributes related information in a timely manner to the impacted areas of the bank.
  • Tracks and monitors the implementation status of regulatory changes to ensure they are fully implemented and incorporated into policies and procedures within regulatory required timeframes.
  • Responsible to have a thorough understanding of consumer compliance laws and regulations. Ongoing research and leveraging necessary resources will be expected, to best interpret regulation and how to apply it to relevant situations within the bank.
  • Reviews various functions and bank documentation to assure the bank policies and procedures have been implemented in compliance with applicable laws and regulations.
  • Assist with reviewing and developing procedures as needed to ensure that the bank has consistent, written procedures that address laws and regulations related to compliance.
  • Train staff as needed to make sure individuals are fully aware of laws and regulations and the banks procedures to adhere to such laws and regulations.
  • Responsible for the oversight and execution of internal compliance testing and monitoring.
  • Report to the Board of Directors as necessary.
  • Track open items and assure that non-compliant processes are addressed, and proper accountability measures exist with other department leads.
  • Lead and/or assist with all third-party audits, reviews and exams where consumer compliance is within the scope. This may included preparing materials, developing responses, etc.
  • Provides ongoing support to the compliance team on special projects, risk assessments, compliance reviews, and other tasks.
  • Chair and lead internal management committees, such as Compliance Committee.
  • Perform other duties as required to fulfill the responsibilities of the position.
  • Follow procedures and policies that ensure compliance with not only Bank policies and procedures, but also all applicable federal and state banking regulatory agency policies.
  • Comply with bank standards for attendance and hours of work.
Qualifications
Education/Experience:
  • Four-year degree in accounting, finance, or economics preferred.
  • Five years of experience in compliance, preferably within a bank or credit union.
  • Personnel management experience preferred.
  • CCBCO or CRCM certification is required, or actively working towards it.
    Skills and Abilities:
    Adaptability:
  • Able to adjust quickly to different work situations; remain composed under pressure and in stressful situations.
Attention to Detail:
  • Regard for important details to assure accuracy in every transaction performed; detect errors; follow through on corrections and details.
Change Management:
  • Must embrace change and see change as opportunity. Must be willing to express and support management's ideas to affected staff.
Customer Orientation:
  • Respond sensitively to the needs and priorities of the customer; recognize and take appropriate action to meet their needs; establish an effective working relationship with customers to gain their respect and loyalty.
Oral/Written Communication:
  • The ability to express thoughts and ideas in a clear and concise manner, both orally and in written form to a variety of audiences and to all levels of staff.
Professionalism:
Project a positive image of the bank to all internal and external customers.
Time Management:
Ability to effectively manage ones time to complete work according to established deadlines. The ability to prioritize tasks to make the best use of time for high priority tasks.
Team Player:
Must view oneself as part of an overall team. This includes supporting others throughout the entire bank to achieve the overall goals of the bank.
Working Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Travel:
Valid drivers license required for travel to Bank offices, training sessions, customer meetings, Bank and community meetings, etc.
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 regularly required to talk or hear. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, or crouch. The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, and depth perception.
This job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees may be required to follow other job-related instructions and to perform other job-related duties as requested, subject to all applicable state and federal laws. Certain job functions described herein may be subjected to possible modification in accordance with applicable state and federal laws. There are different experiences that suggest other ways or circumstances where reasonable changes or accommodations are appropriate. All activities, demands, conditions, and requirements are linked to duties and responsibilities.
Job Description subject to change at any time at the discretion of management.

Job Summary

JOB TYPE

Full Time

SALARY

$100k-140k (estimate)

POST DATE

05/02/2024

EXPIRATION DATE

05/15/2024

WEBSITE

prevail.bank

HEADQUARTERS

MEDFORD, WI

SIZE

25 - 50

FOUNDED

1934

CEO

THOMAS LINDOW

REVENUE

$10M - $50M

INDUSTRY

Banking

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About Prevail Bank

Welcome to Prevail Bank. We are the product of Time Federal Savings Bank and River Cities Bank. Weve brought the best of both banks together into one. This is where pride resides, this is Prevail Bank. Member FDIC, Equal Housing Lender. To read our social media disclosures: https://www.prevail.bank/social-media-disclosures

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