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Senior Compliance Officer

2 months ago


Park Ridge, United States Larson Maddox Full time

A financial institution in the top 10% of banks across the country is looking to add a Senior Compliance Officer to their team While reporting directly to the COO, this position encompasses two key roles: overseeing Community Reinvestment Act (CRA) and Compliance functions. The role involves collaborating with various departments to review policies, ensure adherence, develop products, and train employees. This position will sit on-site in Park Ridge, IL.

Responsibilities:

  • Oversee all aspects of the banks Compliance program, including the CRA program, enhancing policies and procedures.
  • Prepare for and manage CRA examinations and audits, including data collection.
  • Present semi-annual CRA activity reviews to the Board CRA Committee.
  • Manage reporting systems and coordinate data collection for Community Development Loans and Investments.
  • Maintain CRA notice and the Public File updates.
  • Provide compliance guidance and conduct training for staff.
  • Conduct risk assessments
  • Develop and implement compliance monitoring programs across all bank departments.
  • Serve as a liaison during regulatory examinations and assist in resolving issues identified.
  • Conduct file audits to ensure compliance with regulations such as HMDA, Fair Housing Act, and others.
  • Assist in compliance assessments for new products and services before implementation.

Qualifications:

  • Bachelors degree in Finance, Accounting, or a related field
  • 4+ years of experience in a Compliance, Audit or Risk Management function while at a bank
  • Experience with the following alphabet regulations: Reg E, Reg CC, Reg D, Reg DD, FDIC coverage, GLBA, NACHA, Reg GG
  • CRCM is a plus