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First Mutual Holding Co. is Hiring a Senior Compliance Manager Near Westlake, OH
Full-time
DescriptionThe Senior Compliance Manager is responsible for the execution of First Federal Lakewood’s (FFL) effort to comply with all applicable consumer protection laws and regulations in support of a fully effective compliance management program. Further, the Senior Compliance Manager is responsible for guiding and assisting in the execution of a comprehensive, risk-based compliance management program for the other First Mutual Holding Co. (FMHC) affiliates including the compliance risk assessments, compliance review reports, and compliance training as necessary.
RequirementsDuties and Responsibilities:
- Adds value as a key member of management; understand the business, financials, industry, customers and strategy.
- Supervises employees, provides direction, coaches, train and develops, and manages performance to company goals and expectations.
- Manage and provide oversight of the FFL’s BSA/AML and OFAC programs to ensure the bank remains compliant with the Bank Secrecy Act.
- In coordination with Internal Audit, develops and coordinates the affiliate bank’s efforts to comply with all applicable consumer protection laws and regulations by completing an annual compliance risk assessment, which will be used to determine the compliance reviews and audits that will be completed during the calendar year.
- Maintains a current knowledge of all applicable consumer protection laws and regulations; monitors legislative and regulatory developments for the bank and reports important compliance developments to management and other bank personnel through the Compliance Committee in order to stay informed of proposed regulations and changes in current regulations and their impact on the bank.
- Monitors compliance with applicable consumer protection laws and regulations by conducting compliance reviews and audits throughout the year and reports findings to applicable business unit managers to affect prompt corrective action.
- Annually review and update required disclosures and coordinates annual privacy notice delivery to customers and company-wide privacy training.
- Serve as the central control point for all FFL consumer complaints received; coordinate formal and timely responses to all consumer complaints, along with the prompt reporting to regulatory agencies, as applicable.
- Gather and deliver information requested by the regulators to complete their annual safety and soundness examination; coordinates the completion of all recommendations and matters requiring attention as a result of the annual examination process.
- Prepare compliance reports to management and the Board of Directors.
- Responsible for ensuring the bank’s policies and procedures are kept current. Acts as the central contact person for updating, posting and maintaining the bank’s policy and procedures section on the intranet.
- Other duties as required.
- Adaptability
- Communication skills
- Customer service
- Interpersonal skills
- Job knowledge
- Judgment
- Leadership
- Planning and organization
- Staff development
- Experience in financial services or banking is required.
- Experience in banking laws, regulations, and guidelines is required.
- Experience in mortgage lending is preferred.
- Proficiency in MS Office [Outlook, Excel, Word] or similar software is required. Encompass, Cleartouch, OnBase, various government and investor software/web portals is preferred.
- Education: Bachelor’s degree in Business Administration or Finance or equivalent work experience is required; Master’s degree is preferred.
- Certification: CRCM or CAMS is preferred.
- Years of experience: 7 to 10 years is required.
- Years of experience supervising: 5 to 7 years is required.
- While performing the duties of this job, the employee is regularly required to lift, walk, stand, sit, bend, reach with hands and arms, climb, push/pull, use hands, and see, hear and speak.
- The employee must occasionally lift and/or move up to 25 pounds.
- The noise level in the work environment is usually quiet to moderate.
- This position is performed in an office setting, five days a week with typical work hours being 8.30a through 5.15p.
Job Summary
Full Time
$126k-162k (estimate)
04/28/2024
06/15/2024
firstmutualholding.com
LAKEWOOD, OH
25 - 50
2015
Private
THOMAS FRASER
<$5M
Related Companies
About First Mutual Holding Co.
FMHC is a financial services firm that offers deposit, lending, cash management and investment services to individuals and businesses.
The job skills required for Senior Compliance Manager include Leadership, Customer Service, Adaptability, AML, Coordination, Internal Audit, etc. Having related job skills and expertise will give you an advantage when applying to be a Senior Compliance Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Senior Compliance Manager. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Senior Compliance Manager positions, which can be used as a reference in future career path planning. As a Senior Compliance Manager, it can be promoted into senior positions as a Compliance Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Senior Compliance Manager. You can explore the career advancement for a Senior Compliance Manager below and select your interested title to get hiring information.
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