Compliance Officer

1 week ago


Carmel, Indiana, United States Merchants Bank of Indiana Full time
Job Summary

The Compliance Officer is a critical role within our organization, responsible for ensuring that our financial institution operates in compliance with all relevant laws and regulations. This includes administering monitoring programs, monitoring performance, and recommending steps to improve effectiveness.

Key Responsibilities
  • Administer monitoring programs under the Company's compliance management system to manage compliance risk across the organization.
  • Monitor the performance of the compliance program and recommend steps to improve its effectiveness.
  • Assist in monitoring and guiding the Bank's performance under the Community Reinvestment Act.
  • Support the Chief Compliance Officer in ensuring compliance with applicable consumer banking and other regulatory requirements.
  • Complete compliance risk assessments and testing and quality control reviews to determine the effectiveness of internal controls.
  • Monitor loan and deposit regulations, Home Mortgage Disclosure Act and CRA Data reviews, fair lending analysis, and third-party compliance risk.
Requirements
  • Bachelor's degree from an accredited four-year college or university with a minimum of seven years of banking-related compliance experience.
  • CRCM-related certification preferred.
  • Strong knowledge of the components of an effective compliance management system, lending and deposit operations, and consumer protection laws and regulations.
  • Thorough working knowledge of bank operations and banking policies and procedures, and experience in conducting compliance risk assessments.
  • Ability to work well independently and as a team player; collaboratively interface with other departments.
About Us

Merchants Bank of Indiana is a diversified bank holding company operating multiple lines of business, including Federal Housing Administration (FHA) multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking.


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