What are the responsibilities and job description for the Compliance Officer position at Great Rivers Bank?
Job Title: Compliance Officer
Department: Compliance
Employment Type: Full-Time
Position Summary
The Compliance Officer is responsible for supporting the bank’s compliance management program by ensuring adherence to applicable federal and state banking laws, regulations, and internal policies. This role assists in monitoring regulatory changes, conducting compliance reviews, and promoting a culture of compliance throughout the organization.
Key Responsibilities
Regulatory Compliance
- Monitor and interpret applicable laws and regulations, including but not limited to BSA/AML, OFAC, Fair Lending, UDAAP, CRA, GLBA, and Privacy laws
- Assist in implementing and maintaining compliance policies and procedures
- Support regulatory examinations and internal audits; respond to examiner requests
- Track and report compliance issues, corrective actions, and remediation efforts
Monitoring & Testing
- Conduct compliance risk assessments, reviews, and monitoring activities
- Test bank operations for adherence to regulatory requirements
- Identify compliance gaps and recommend corrective actions
- Maintain documentation and evidence of compliance activities
Training & Communication
- Assist in developing and delivering compliance training programs
- Provide compliance guidance to bank staff on policies, procedures, and regulatory requirements
- Promote compliance awareness across all business units
Policy & Procedure Management
- Review and update compliance-related policies and procedures
- Ensure policies align with regulatory changes and industry best practices
- Assist with board and management reporting
Issue Management
- Track compliance findings, customer complaints, and regulatory issues
- Support corrective action plans and ensure timely resolution
- Escalate issues to management as appropriate
Qualifications
Education
- Bachelor’s degree in business, Finance, Accounting, Law, or a related field preferred
Experience
- 2–5 years of experience in bank compliance, risk management, audit, or a related regulatory role
- Knowledge of federal and state banking regulations
- Experience working with regulatory examinations preferred
Skills & Competencies
- Strong understanding of banking laws and regulatory requirements
- Excellent analytical and problem-solving skills
- Strong written and verbal communication skills
- Attention to detail and ability to manage multiple priorities
- Proficiency in Microsoft Office and compliance management systems
Job Type: Full-time
Pay: $50,000.00 - $70,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Work Location: In person
Salary : $50,000 - $70,000