Compliance Officer

Overview:

Responsible for strategic direction of compliance, fair lending and CRA activities. Contributes to planning, budgeting, organizing, executing and evaluating of all risk management activity including audit and compliance. This position is located in Oceana County in West Michigan.

Responsibilities and Results:

·  In consultation with Senior Management, develop short-term and long-term goals for the Bank’s compliance and fair lending functions and reporting to Board Audit Committee.

·  Report results, recommendations, management responses, and monitor status of actions to the Audit Committee.

·   Serve as a management contributor to the Board’s Audit Committee.

·   Manage / coordinate the bank’s management Compliance Committee.

·   Coordinate the external compliance reviews, assisting third parties as liaison with staff and management.

·  Understand organization’s assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives so can be a resource to help in the development of appropriate regulatory compliance, CRA, and fair lending strategies to achieve financial results with appropriate risk level.

·  Develop, implement, and ensure compliance with policies established for fair lending and CRA activities and proper training with the Board and employees.

·  Communicate policies and practices and oversee training to assure adequate understanding of risk and compliance with policies and regulations.

· Develop risk assessments in coordination with department management and third-party audit / compliance vendors.

·   Maintain fair lending risk assessments and CRA community impact documentation.

·   Oversee HMDA / CRA data collection and reporting.

·   Coordination with marketing to ensure proper printed materials are in compliance.

·   Facilitate coordination of consumer complaints.

·   Maintain knowledge of the Bank’s regulatory environment and compliance issues.

·   Oversee the bank’s online compliance training program.

·   Additional responsibilities as assigned.

·   Be familiar with and comply with the provisions of the AML/CFT and USA PATRIOT Act as they relate to the functions of this position. Assist where need with required reporting related to those acts and reports any observed violations or potential violations of those acts to a supervisor or other appropriate bank officer.

·   Be familiar with and comply with all federal and state banking regulations as applicable.

QUALIFICATIONS

Education:

• Associate’s degree required
• Bachelor’s degree preferred
• Certificate from Banking School preferred or relevant certification

Work Experience:

• 5 years management experience in audit, loan review, lending and/or compliance

Skills and Knowledge:

• Good interpersonal and excellent communication skills and a strong desire to succeed
• Ability to manage and lead employees
• Time management and organizational skills with attention to accuracy and detail
• Self-Motivated with the ability to work independently with minimal supervision while remaining a team player
• Experienced with office machines, such as computer, phone systems, copiers, etc.
• Knowledge of office management systems and procedures
• Experience with Microsoft Office, Word, Excel and other computer software
• Ability to transcribe meeting minutes
• Ability to effectively communicate via phone and e-mail
• Uses discretion and good judgement, shows patience with others

Other Job Responsibilities:

• Must be able to keep all sensitive information confidential 
• Job includes talking, hearing and repetitive motions
• Ability to express and exchange ideas with customers and employees by means of the spoken word, either in person or on the phone
• Ability to received detailed information through oral communication
• Visual ability to perform activities such as preparing and analyzing data, transcribing, viewing a computer screen and reading procedures
• Speed and accurate use of computer, calculator and other business machines is required
• Willingness to assume new responsibilities, ability to perform under pressure and adapt to changing and possibly stressful environment is expected
• The ability to identify, assist with and resolve routine problems is expected
• Working hours may vary
• May be required to work in other branch locations as needed
• On time attendance is expected