Compliance Officer, Finance & Banking

Compliance Specialist

This position is responsible for running the Bank's comprehensive regulatory compliance program; for formulating recommendations and following through on implementation; for reviewing Bank activities and processes and reporting status and findings; for collaborating with all areas of the Bank to ensure compliance with state and federal law.

Key responsibilities include:

• Consumer compliance program:
  Handle day-to-day operation of the Bank's Compliance Program; conduct ongoing internal compliance reviews and monitoring, and act as the Chair of the Bank's Compliance Committee. Report to the Compliance Committee and Regulatory Counsel on the status and findings of compliance reviews and monitoring; support and monitor implementation of remedial actions and recommendations to improve controls and outcomes.
• Stay up-to-date on consumer compliance regulations affecting the Bank and work with business lines to ensure the appropriate changes in policy/procedures, forms, signage, and staff training are implemented in a timely fashion in response to changes. Work with business lines to ensure new products, processes, and services comply with applicable rules and regulations. Review and approve advertisements, disclosures, and other Bank materials as needed.
• Comply with all applicable Federal and State banking regulations and all Bank operating policies and procedures.
• Meet or exceed performance standards and objectives established for compliance officer performance.
• Loan compliance:
  Oversee the Bank's regulatory compliance for all lending programs, including residential, consumer, and commercial lending activities. Ensure compliance with all pertinent lending regulations including:
  Prohibition against Unfair, Deceptive, and Abusive Acts or Practices, Flood Disaster Protection Act, Homeowner's Protection Act, Regulation B (Equal Credit Opportunity Act), Home ownership Counseling Act, Regulation Z (Truth in Lending Act), Fair Housing Act, Real Estate Settlement Procedures Act (RESPA).
• Notify the Compliance Committee and other management as appropriate of any violations or negative trends in the loan compliance area; support business line implementation of corrective action as approved.
• Monitor regulatory and other legal changes affecting loan products and recommend changes as necessary to ensure continued Bank compliance; implement as approved.
• Supervise the Bank's flood insurance compliance program and support lending staff to ensure compliance with all flood regulations. Review HMDA and other loan data as needed to ensure accuracy and timely filing of the required data.
• Staff training:
  Work with the Human Resources department to develop and implement internal training programs for all staff members for regulatory compliance. Design training materials as needed by business lines, conduct or oversee training and monitor results.
• Electronic banking and deposit compliance:
  Oversee the Bank's compliance with electronic banking and other regulations governing deposit accounts to ensure ongoing compliance with applicable regulations and requirements. Inform the Compliance Committee and other management as appropriate of problems as appropriate; recommend action as necessary to correct problems or comply with new or updated regulations; oversee implementation as approved.
• Assist Bank personnel with questions or problems concerning electronic transactions. Monitor developments in consumer compliance and other regulatory issues affecting the electronic banking and deposit operations. Recommend changes as necessary to ensure continued Bank compliance and support business line implementation as needed.
• Support Bank products/services:
  Maintain knowledge of current KSB products and services. Actively utilize as many Bank products and services as possible in order to fully understand their features and benefits and to be able to communicate effectively with customers and prospective customers.
• Talk to internal and external customers and listen for "cues and clues" to determine needs; respond to customer inquiries and evaluate their needs; make referrals to other Bank personnel as appropriate.
• Community/public…