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Regulatory Compliance Specialist

2 months ago


Downers Grove, Illinois, United States Old Second National Bank Full time
Position Overview

About Us

At Old Second National Bank, we pride ourselves on our commitment to serving both businesses and individuals throughout the Chicago region. As we expand our operations, we are in search of skilled professionals to enhance our team.

Role Summary:

We are looking for a Regulatory Compliance Specialist to offer guidance and support to our operational divisions concerning compliance matters related to loan origination. The successful candidate will possess exceptional communication abilities and demonstrate a collaborative spirit.

Key Responsibilities:

  • Maintain comprehensive knowledge of banking regulations and legal requirements.
  • Ensure that internal processes adhere to regulatory standards.
  • Oversee the adaptation and execution of regulatory updates.
  • Assist operational teams with compliance-related inquiries pertaining to loan origination.
  • Participate in compliance risk evaluations and audits.
  • Evaluate new lending products and services for compliance.
  • Authorize promotional materials related to loans.
  • Analyze customer feedback for emerging patterns.

Qualifications:

The ideal candidate will hold a Bachelor's degree and possess a minimum of three years of experience in compliance or risk management within a financial services environment.

Core Competencies:

  • Strong verbal and written communication skills.
  • In-depth knowledge of lending compliance requirements.
  • Capability to achieve CRCM certification.

Desirable Attributes:

  • Experience in evaluating and monitoring compliance with regulatory standards.

Work Environment:

This role offers a flexible working arrangement, allowing for both remote and onsite opportunities.

Join Old Second National Bank and contribute to our ongoing success.