Compliance Officer / CRA Officer

Essex Bank • Essex, CT • 1d ago

Essex Bank is s

eeking an experienced Compliance Officer to lead our compliance management system and oversee our Vendor Management and Community Reinvestment Act (CRA) programs.

In this role, you will serve as a strategic leader having overall responsibility for the compliance management system, chairing internal committees and collaborating with management across IT, Lending, Marketing, Trust, and Accounting. You will ensure the Bank remains fully compliant with all state and federal regulations (excluding BSA and HR) while protecting the institution from undue risk.

Key Responsibilities

Regulatory Oversight:

Review and interpret new and amended Federal Regulations and State laws.

Committee Leadership:

Chair the Internal Compliance Committee and serve on the Board Compliance Committee. Serve as a contributing member of Privacy, Information Security, and Branch/Department meetings.

Audit Liaison:

Act as the primary contact for internal audits and regulatory exams, including FDIC Connect.

If needed, consult legal counsel to ensure that policies comply with federal and state law.

Vendor Management:

Lead the Vendor Management Program to limit risk and ensure sound VMP audit results.

Loan -Related Duties:

Oversees and administers the Banks Community Reinvestment Act (CRA) program to ensure ongoing compliance with applicable federal regulations and guidance. Responsible for developing, implementing, and monitoring CRA strategies, policies, and procedures; coordinating data collection and performance analysis; preparing management and Board reports; and serving as the primary liaison during regulatory examinations. Ensures the Bank effectively meets the credit needs of its communities, including low - and moderate-income areas, consistent with safe banking practices via outreach, collaborating with Bank officers, and community groups.

Team Leadership:

Manage, mentor, and guide assistant handling Compliance, Vendor Management, and CRA duties.

Cross-Functional Collaboration:

Partner with management to

achieve compliance goals (i.e. I.T., Lending, Marketing, Trust, Deposit/BSA, Accounting) and training needs.

Community Relations:

Represent the Bank at civic functions, business associations, and regulatory events.

DISCLAIMER: The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to the job.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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