Loan Compliance​/Community Reinvestment Officer in Carbondale

Loan Compliance/Community Reinvestment Officer (Exempt)
First Southern Bank, Carbondale, IL location
and reports to Chief Risk Officer and Board of Directors

Full-time;
On-site;
Pay range $57,000 to $80,000;
Paid Semi-Monthly
Starting rate based on experience and qualifications

Enjoy the benefits of working at First Southern Bank!
Medical, Dental, Vision, Short-Term Disability, Long-Term Disability, 401K, Life and AD&D Insurance, Voluntary Life Insurance, AFLAC Products, Vacation Time, Sick Time, Paid Leave Time and Paid Holidays.

JOB SUMMARY
Under the direction of the Chief Risk Officer, the Loan Compliance/Community Reinvestment Officer is responsible for overseeing the compliance of laws and regulations as they apply to the financial institution. This position provides management with information to accurately determine the bank’s extent of compliance. Participates in various committees, audits, and examinations. Conducts staff training related to loan compliance programs. Advises the Board of Directors, Senior Management and Bank personnel of emerging compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks.

In general, this position is responsible for identifying risks and internal control weaknesses and proposing solutions to bank management.

Essential Responsibilities:

1. Develop, administer, and monitor programs that ensure the financial institution’s compliance with laws, regulations and rules governing operations and product offerings.
2. Research federal and state banking laws and regulations, review the financial institution’s policies and procedures, and ensure compliance with laws and regulations.
3. Maintain a broad working knowledge of banking rules and regulations, including Bank Secrecy, Consumer Lending, Fair Credit Reporting, Fair Debt Collections, Fair Lending, Flood Insurance, Insider Lending, Management Interlocks, Preservation of Consumer Claims & Defenses, Privacy of Consumer Financial Information, Right to Financial Privacy, Truth in Lending, Unfair and Deceptive Acts and Practices, USA Patriot Act and other laws and regulations as applicable.
4. Provides financial institution management with information to accurately determine the institution’s extent of compliance. Schedules meetings with departments and supervisors, as necessary, to provide information on compliance changes that affect them.
5. Participate in the evaluation of new products, services, and marketing materials (including forms and agreements) to ensure proper consideration of regulatory compliance issues.
6. Monitor and assist in the ongoing compliance training program for staff.
7. Monitor and evaluate consumer complaints and litigation to identify volume spikes, common themes, and program deficiencies that need to be addressed by senior management. Recommend changes in policy to meet compliance regulations.
8. Communicate to the Chief Risk Officer any changes to the consumer protection laws that require revisions to the bank’s products, marketing, training, policies, and our procedures.
9. Develop and submit to the Board an appropriate CRA statement, reviewing it periodically, and assuring that it is available to the public upon request.
10. Monitor the Bank’s CRA performance and recommend ways to senior management to improve the Bank’s CRA position in the community.
11. Assure that the Bank’s CRA effort is accomplished by identifying those people who can best understand and initiate CRA activities, such as community organizations, government officials, nonprofit groups, businesses, and trade associations.
12. Establish a CRA program to assure that the Bank performs well under the assessment factors in the regulations.
13. Conduct all necessary training to ensure Bank compliance with CRA policies and regulations.
14. Perform other duties as assigned.

• Bachelor’s degree and two to four years of related experience.

• Extensive knowledge of financial policies and procedures.

• Extensive knowledge of all loan compliance regulations, including TILA-RESPA Integrated…