Compliance Advisory Officer

Description

Vast Bank is looking to hire a Compliance Advisory Officer!

About Vast Bank

Since February of 1982, we've been a financial institution that has served customers in Northeast Oklahoma and beyond. Our deep roots in the community and commitment to personal service have enabled us to grow alongside our customers, creating conveniences and solutions to fit unique problems and lifestyles. For over 40 years, we've built a legacy on personal service, flexibility, strength, and integrity. Now, with bold leadership and a renewed commitment to customer-centricity, we're aiming higher for the next 40 years. New ideas, strong partnerships, and modern technology will accompany a winning culture to deliver more control and a surprisingly easy banking experience.

We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package:

• Comprehensive benefits package & 401(k) match

• Professional development- opportunities for advancement!

• Tuition assistance

• Transit reimbursement

• Paid time off

• & more!

Qualifications

Summary Of Role 

The Compliance Advisory Officer will be responsible for providing guidance regarding compliance matters related to the Bank’s innovative and strategic initiatives, ensuring adherence to all applicable banking laws, regulations, and statutory requirements. 

Major Duties and Responsibilities 

• Leads a team of compliance professionals to provide clear guidance to Bank personnel, and/or fintech partners on becoming and remaining compliant. 

• Maintains effective working knowledge of applicable federal and state laws, regulations, and regulatory guidance through ongoing research, training, and participation in industry forums. 

• Provides clear actionable guidance to Bank, and/or fintech personnel on becoming and remaining compliant. 

• Provides cross-functional support for other corporate functions and business partners. 

• Develops and enhances oversight reporting to help ensure the success of the Bank and fintech programs. 

• Supports the development and implementation of new and modified Bank products, services, and partner programs, ensuring compliance considerations are incorporated from the outset and throughout the lifecycle. 

• Develops collaborative, cross-functional action plans; works closely with management and business partners to interpret complex regulations, develop compliance strategies, and implement efficient compliance programs. 

• Assesses the impact of business process changes to the regulatory risk profile and the effectiveness of the control environment and expected forward-looking trend to maintain compliance. 

• Assesses changes to regulatory requirements and provides guidance to impacted business partners to ensure effective implementation.  

• Reviews internal and client-facing documents to ensure compliance with applicable laws and regulations. 

• Contributes to the maintenance and enhancements of compliance policies, program standards, procedures, guidelines, training documents, and other associated forms/documents. 

• Monitors and investigates compliance-related issues, incidents, and complaints involving Bank sponsored partnerships; performs accurate root cause analysis; collaborates with cross-functional stakeholders to address issues efficiently and effectively. 

• Accountable for compliance team execution and ensures documentation is maintained appropriately. 

• Communicates risks across multiple business functions and partner programs and initiates escalations as needed. 

• Leads special projects and initiatives as assigned. 

• Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. 

• Performance and/or assistance with all other duties as assigned. 

Knowledge & Skills 

Experience 

Minimum of 7  years of compliance, risk management or regulatory oversight, preferably in FinTech or financial services.  

Education/Certifications/Licenses 

• Bachelor’s degree in business management/finance or equivalent work experience. 

Interpersonal Skills 

A significant level of trust and diplomacy is required to be an effective in the position. In-depth research, dialogues, conversations and explanations with internal stakeholders is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on significant risk and compliance related topics. 

Role Important Behavioral Skills 

• Strong Communication & Collaboration - Builds effective working relationships across departments; promotes cooperation and compromise to achieve organizational goals. 

• Maintains positive relationships at all levels by contributing to a respectful, courteous, and professional work environment; demonstrates emotional control and adaptability. 

• Has knowledge of existing and emerging bank regulations, audit processes, and compliance reporting. And proactively researches and comprehends current and emerging regulations to ensure compliance. 

• Works effectively both independently and collaboratively across functions to meet objectives. 

• Ability to manage multiple projects and prioritize effectively. 

• Quickly adjusts to changing environments, processes, and technologies, comfortable with remote work and digital tools. 

ADA Requirements 

Physical Requirements 

Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on a computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable, and timely attendance. 

Working Conditions 

Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise. 

Mental and/or Emotional Requirements 

Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.  Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising the highest level of discretion on both internal and external confidential matters. 

EEO StatementIt is the policy of Vast Bank to afford equal opportunity in all phases of employment without regard to an individual’s race, color, creed, religion, gender, national origin, age, disability, marital status, ancestry, sexual orientation, unfavorable military discharge for qualified individuals with disabilities, and for qualified disabled veterans and veterans of the Vietnam era, to the extent required by applicable local, state and federal law.