Compliance Manager, Finance & Banking

Border Bank is seeking a Compliance Manager to join our team. This position has the flexibility to office at any of our current Border Bank locations in Fargo, North Dakota, or Badger, Baudette, Clearbrook, Coon Rapids, Greenbush, International Falls, Middle River, Roseau, or Thief River Falls, Minnesota.

The Compliance Manager will administer the Bank's enterprise-wide Compliance Management System (CMS), including regulatory change management, policies and procedures, training, compliance monitoring and testing, consumer complaint oversight, issue management, corrective action, and management and Board reporting. In addition will serve as the CRA Officer.

The Compliance Manager serves as an independent second-line risk management authority. Responsibilities include maintaining knowledge of applicable regulations, researching new and amended requirements, working with department managers to develop procedures, and training staff on changes in laws, regulations, and procedures. Responsibilities also include overall coordination of compliance examinations, audits, and responses.

• Maintain a documented responsibility matrix identifying whether the Compliance Manager serves as program owner, second-line oversight function, advisor, committee member, Fair Lending, UDAAP, HMDA, BSA/AML-CFT, vendor management, complaint management, privacy, and other assigned compliance programs. The Compliance Manager serves as the designated owner of the Community Reinvestment Act program.
• For assigned areas, define decision rights, reporting expectations, required competencies, succession coverage, and escalation paths.

Regulatory Change Management and Policies

• Research federal and state banking laws and regulations, review Bank policies and procedures, and evaluate compliance with applicable requirements.
• Remain abreast of new regulations and changes to existing regulations. Update the CRO, affected department leaders, and the Compliance and/or Enterprise Risk Management Committee on these changes.
• Develop, update, or maintain compliance policies assigned to this position.
• Maintain a documented regulatory change management process that includes applicability assessments, impact analysis, assigned business owners, implementation deadlines, evidence of completion, and post-implementation validation, as appropriate.
• Clearly distinguish business-line ownership of operational procedures and controls from Compliance's oversight, review, challenge, and advisory responsibilities.

Compliance Risk Assessments

• Develop and maintain risk assessments for overall Compliance, UDAAP, and Fair Lending using the Bank's risk management software.
• Assist the Risk Department in developing and maintaining other risk assessments, including product-specific assessments.
• Apply a consistent methodology that evaluates inherent risk, control design and effectiveness, residual risk, emerging risk, and required mitigation. Review assessments at least annually and when material changes occur.

Compliance Procedures and Change Management

• Work with project teams to address compliance requirements for products, services, software, delivery channels, and other material changes.
• Assist department leaders in developing procedures for products and services to promote compliance with applicable laws and regulations.
• Provide documented compliance review and approval or concurrence, as defined by Bank governance, before implementation of new or materially changed products, services, systems, vendors, marketing materials, disclosures, pricing, and customer-facing processes.
• Confirm identified compliance requirements are incorporated into business requirements, testing, implementation plans, and post-implementation reviews.

Community Reinvestment Act Program Administration

• Serve as the Bank's designated Community Reinvestment Act Officer and own administration of the CRA program in accordance with applicable laws, regulations, regulatory guidance, examination procedures, and Bank policy.
• Maintain the CRA policy, procedures, program calendar, responsibility assignments, records, and supporting documentation necessary to demonstrate ongoing compliance and examination readiness.
• Monitor regulatory developments, examination procedures, asset-size thresholds, census and demographic information, and other changes affecting the Bank's CRA obligations; coordinate timely implementation of required changes.
• Maintain and periodically evaluate the Bank's CRA…