Senior Compliance and Audit Associate

Responsibilities

Compliance

• Monitors proposed and final changes to State and Federal Consumer regulations primarily through multiple compliance software tools and assesses impact on the Lending and Deposit departments of the Bank. Assists with working with business units to implement changes to process as needed.
• Assists with conducting various risk assessments such as UDAAP, Fair Lending, ID Red Flags, UIGEA, and Regulation based. 
• Assists with the execution of the Bank’s Compliance Quality Control Review Program. Program is designed to proactively monitor and ensure the Bank is in compliance with all state and federal regulations. Ensures identified deficiencies have been tracked and corrected.
• Assists with writing all applicable compliance policies and procedures, their distribution, and maintenance of compliance manuals
• Consults with and advises business units and managers affected by compliance issues and regulatory requirements.  Performs requested disclosure reviews or update of existing disclosure. Assists with creation of new disclosures as needed.
• Assists with new product or program development as requested by business line. 
• Tracks responses to customer complaints, advises management of status and recommends actions to resolve issues and minimize the Bank's exposure.
• Assists with meetings with business units on at least a quarterly basis to determine/ to ensure regulatory issues/questions are being addressed timely.
• Assists with monthly board reports.
• Performs annual review of compliance training modules provided to all employees within BAI Learning Management System and makes edits as necessary.
• Works closely with commercial lending regarding coding for commercial investment loans for HMDA purposes. Performs annual review of commercial HMDA data collected to ensure accuracy of data prior to submission date of March 1st annually.

Community Reinvestment Act:

• Works closely with commercial lending regarding the identification and collection of Small Farm and Small Business Loan information for submission by March 1st annually.
• As a separate schedule within the same submission, must work closely with commercial lending to identify and collect Community Development loan information.
• Anticipate regulatory change in the CRA Act within the year.  The expectation would be for the applicant to be able to understand the current environment and the proposed environment.
• Review the donations, investment, and loan data that has been input into Kadince software for accuracy.
• Prepare annual Public File according to the requirements of the regulation.

Audit Function:

• Assists Audit Manager/Chief Risk Officer with the tracking of all audit findings into Tandem to include follow-up items, etc.
• Monitor scheduled audits to make sure staying on tracking of audit schedule
• Uploading requested documents to secure audit portal for timely submission.

Supervisory Responsibilities

Number of employees supervised:  NA

Title(s) of employees supervised:  NA

Starting annual salary for a Senior Compliance & Audit Associate is $67,000.00 to $85,000.00, aligned to relevant experience, skills, and internal equity. Final offers consider job-related experience, specialized skills, and internal equity and are not based on salary history.

Experience

3-5 years in Compliance or Audit within banking/financial service sector

Bachelor’s degree or equivalent combination of education and relevant experience

Specific Skills Required

Technology Skills

All employees are expected to possess basic technology skills including knowledge of basic computer programs and software.  Additional levels of technology skills may be required based on specific duties of the position.

Highly computer literate in Microsoft applications.

Communication Skills

Excellent communication, presentation, writing, and interpersonal skills

The Village Bank is an Equal Opportunity Employer
The Village Bank is committed to the policy of providing equal employment opportunities for employment, training, compensation, transfer, promotion, and other aspects of employment for all qualified applicants and employees without regard to sex, race, creed, color, religion, national origin, age, sexual orientation, gender identity or expression, veteran status, physical or mental disabilities, genetics or any other status protected by law.

Core Competencies

Village Banker - Provides the Village Bank experience and delivers on the Preferred Banking Pledge by extending exceptional service to both external and internal customers. Is a respectful, cooperative, and supportive team member. Supports the Bank's overall initiatives in the community through active involvement and participation.

Communication - Uses effective, clear communication and active listening skills with internal/external customers. Shares timely and accurate information to the relevant audience, including appropriate follow-up. Uses a professional tone both orally and in written communications. Respectful of the views and opinions of others.

Problem Solving - Identifies problems and considers contributing factors. Seeks and considers input from others. Recommends alternatives. Exhibits good judgment in decision-making. Implements a timely solution as appropriate.

Initiative - Proactively looks for ways to add value to the customer experience. Makes suggestions for process improvement and workflow efficiency. Takes action when appropriate. Seeks new opportunities to increase job skills and knowledge.

Risk Management - Adheres to and administers BSA, OFAC, anti-money laundering, CIP and security policies and procedures in order to limit risk and exposure to the Bank and its customers. Complies with all Bank policies and government regulations. Performs well in audits, as applicable.

Dependability – Consistently produces a great quality work product.  Is accurate and timely.  Meets established deadlines.  Maintains a positive attendance record by being punctual and reliable.

Management/Leadership (if applicable) - Establishes respect and trust of the staff; exemplifies the behaviors of a Village Banker and shares the Bank's values to inspire the team to work towards the Bank's mission, goals and objectives; defines and delegates responsibilities; creates a motivating team environment; provides consistent feedback via one-on-one and/or team meetings; mentors, coaches, recognizes and rewards employee performance; offers opportunity and develops employees to meet their full potential.

Position Competencies

Leadership:  Provides strong leadership, provides a clear understanding of the bank’s vision, manages the strategic direction of assigned areas to meet the bank’s established goals and objectives; skilled communicator, decision maker and motivator.

Physical Requirements

The employee must occasionally lift and/or move up to 10 pounds.

Security and Conduct

All employees are to follow prescribed security procedures, policies and banking regulations to ensure strict compliance with all regulations, the safety and well-being of the bank and its employees.  In addition, adherence to the BSA/AML/CFT policies and procedures designated to the position and the ability to recognize and appropriately report suspicious activity to the AML/CFT Officer are an important component of each job.  Any information acquired through the business of the bank is to be treated as strictly confidential information not to be improperly divulged to unauthorized individuals.  The Bank's objective is to provide customers and the communities we serve with high quality personalized service, innovative products and sound financial assistance, creating challenging career opportunities for our employees and a work environment that encourages their input and continued development.  We maintain a professional atmosphere for our customers as well as for our employees and expect all employees to adhere to the code of ethics and business conduct at all times.  It is the policy of the Bank that employees maintain a working environment that encourages mutual respect, promotes civil and congenial relationships among employees and is free from all forms of harassment and violence.  Overall compliance with the Bank’s policies, security and codes of conduct are equally important in meeting overall performance objectives of the position.

Disclaimer

This job description is intended to describe the general nature and level of the work being performed by employees in this position. It is not intended to be a complete list of all responsibilities, duties, and skills required for this job classification. Managers may, at their discretion, assign or reassign duties and responsibilities to this job at any time.    

Salary : $67,000 - $85,000