Compliance and CRA Officer

BANTERRA CORP • Marion, IL • 20h ago

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/13036046

SUMMARY

The Compliance & CRA Officer provides essential leadership for the banks compliance program ensuring it aligns with all applicable laws and regulations. This role is crucial for mitigating risk by leading the design, implementation, monitoring, training and overall compliance initiatives companywide.

An excellent communicator with a deep knowledge of industry regulations and best practices, the ideal candidate should possess strong leadership skills, confident decision-making abilities, and sound judgement.

Overall, the Compliance & CRA Officer is responsible for the overall monitoring and administration of the banks compliance program. They work with internal and external customers at all levels to mitigate risk to the organization, perform essential monitoring and reporting, and ensure appropriate knowledge- sharing and training of staff.

All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cybersecurity, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.

ESSENTIAL DUTIES

Develop, implement and maintain a compliance management system (CMS)

and associated policies and procedures.

Oversee all regulatory compliance including a broad range of

federal, state and local laws and regulations covering consumer protection including but not limited to fair lending, data privacy and operational safety and soundness.

Monitor and administer a comprehensive training program for the

banks policies and procedures, as well as all applicable federal and state laws or regulations, consulting with the Learning & Development team as appropriate to ensure optimal learning outcomes.

Conduct regular, in-depth risk assessments to identify, evaluate and

prioritize compliance risks across all business lines, products and services.

Implement risk management strategies and develop corrective actions

for any identified compliance issues.

Serve as the banks Compliance Officer and CRA Officer providing

subject matter expertise for internal stakeholders.

Stay current on emerging compliance risk areas such as artificial

intelligence, digital banking, cryptocurrency, cybersecurity, data privacy and third-party vendor management.

Participate in the banks annual Risk Assessment to assist in

determining risk levels of bank functions for audit planning purposes.

Prepare and present periodic reports to the Board of Directors, or

its designee, Compliance Committee, and management concerning the Banks current record of compliance, including an assessment of performance in the area of community reinvestment.

Where appropriate, coordinate with federal and state regulatory

agency examiners during compliance examinations and safety and soundness exams. Furnish examiners with requested information and act as one of the liaisons.

Monitor and ensure the banks compliance with the technical

requirements of the Community Reinvestment Act including maintaining the banks public comment file and required notices.

Ensure that reports to federal and state regulatory agencies are

complete and filed on a timely basis, serving as the primary contact for the regulatory agencies in issues relating to compliance.

Develop and deliver an effective annual training and awareness

program related to regulatory compliance for all team members, management and Board of Directors, or its designee.

Communicate complex regulatory requirements clearly and concisely to

diverse stakeholders throughout the bank.

Promote a transparent and ethical mechanism for all compliance

related issues.

Manage compliance violations, including root cause analysis, and

assisting with corrective measures.

Review and revise the banks forms and disclosures for compliance

with applicable laws and regulations. Work with counsel and others in developing contracts, forms, and/or disclosures that meet the needs of the bank and comply with all applicable laws and regulations.

Partner with business leaders on new product offerings and strategic

initiatives to embed compliance from the earliest stages of development.

Collaborate with other departments such as Legal, Information

Security, BSA/AML, and Operations to integrate compliance into daily decision making and business processes.

Assist other team members in processing legal service, levies,

garnishments, etc.

Set performance goals, conduct regular performance evaluations, and

provide consistent, constructive feedback to direct reports.

Develop and maintain positive relationships with internal customers

at all levels of the organization, collaborating with other departments as appropriate.

Assume responsibility for special projects and tasks as assigned.

EDUCATION & CERTIFICATIONS

Bachelors degree in Accounting, Finance, Business Law, a related

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