What are the responsibilities and job description for the Director of Compliance position at Dacotah Bank?
Job Summary
The Director of Compliance has an in-depth knowledge of regulatory compliance related to lending and deposit compliance. This position will develop and manage the bank’s compliance management program and procedures related to compliance for the bank. This role provides strategic leadership and mitigates regulatory risk. This position has management responsibility.
Essential Functions
Employees must be able to perform the essential functions of this position satisfactorily or make a request for reasonable accommodations as needed.
- Develop, implement, and administer all aspects of the Bank’s compliance framework and program.
- Serves as a trusted advisor to senior leadership on regulatory requirements and compliance risks. Works with bank management and department leaders on company projects and initiatives.
- Develop and mentor compliance team members.
- Serves as the Bank’s Compliance Officer.
- Maintain a proficient knowledge of all applicable banking rules and regulations, staying abreast of changes in deposit and lending regulations and guidelines.
- Review new and proposed regulations, assess impact on Bank’s products and initiatives, oversee regulatory change management, and disseminate information to staff related to compliance and other topical subjects.
- Coordinate regulatory filings, examinations, and reporting obligations.
- Conduct compliance and privacy risk assessments and identify areas of exposure.
- Develop and implement remediation plans to mitigate identified risks.
- Track and report key compliance metrics to senior leadership and the Board.
- Oversee compliance monitoring, internal audits, and control reviews.
- Review complaint data and trend analysis, coordinating with Legal to identify and escalate potential systemic issues.
- Develop, maintain, and communicate compliance policies, standards, and procedures.
- Ensure policies are consistently applied and enforced across the organization.
- Collaborate with operations to ensure documents and disclosures are accurate, compliant, and appropriately developed and maintained.
- Develop, coordinate, and facilitate compliance training programs for bank personnel.
Education & Experience
- Bachelor of Arts or Sciences degree from accredited four-year college or university and at least ten (10) years of related experience or an equivalent combination of education and experience.
- Completion of industry certification is preferred. E.g.,
- Certified Compliance & Ethics Professional (CCEP)
- Certified Regulatory Compliance Manager (CRCM)
- Certified Internal Auditor (CIA) or similar
We offer the opportunity for career growth and development in a professional and pleasant working environment. We offer a competitive salary and exceptional benefits package including:
- Health Insurance – Dacotah Bank pays 100% of the premium for individual or family coverage
- Dental Insurance – Dacotah Bank pays 100% of the premium for individual or family coverage
- Generous paid vacation and sick time 11 paid Holidays
- 401(K) – dollar for dollar match up to 3% of compensation annual retirement contribution eligibility
- Annual wellness reimbursement program
- Annual Dacotah Gear allowance
- Birthday day off
- Additional perks and benefits
Learn more & Apply at www.dacotahbank.com/careers. Don’t miss out on your opportunity to shine with one of American Banker’s Best Banks to Work For.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35©
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Vision insurance
Work Location: In person