Vice President Senior Compliance CRA Officer

Job Details

Job Location
:
Northbrook - NORTHBROOK, IL 60062

Position Type
:
Regular Full-Time

Salary Range
: $ - $ Salary/year

Job Category
: VP

This position reports to:
Executive Vice President/Enterprise Risk Management

Basic Function

Primarily responsible for developing, administering, and maintaining the Consumer and CRA Compliance Management Programs to ensure compliance with all applicable laws and regulations. Will also act as the Bank’s Reg O Officer and report on the status of Reg O activity to the Board of Directors. Additionally, will administer the Bank’s insurance program, work closely with the Bank’s insurance broker, and lead the Bank’s Insurance Committee.

1. Administer and maintain:

• Compliance Management Program

• Compliance Training Program

• Compliance Risk Assessment

• Self-Monitoring Program

• Bank’s Insurance Program

2. Review the following:

• Marketing materials to ensure compliance with applicable rules and regulations

• Bank forms to ensure compliance with applicable rules and regulations

• LOB Compliance monitoring reports

• Compliance training reports

3. Monitor the following:

• Consumer complaints to identify possible weaknesses and insufficiency of Bank policy and procedures

• Results of internal and/or external audits for compliance related issues to ensure timely and accurate responses

4. Committee Responsibilities

• Prepare & Chair:

  • Compliance Committee

  • CRA Committee

  • Insurance Committee

5. Act as Bank’s CRA Officer

• Monitor Bank’s CRA service, investment, and loan activity to ensure qualifications are being met

• Report status of Bank’s overall CRA efforts to the Board of Directors

• Maintain Bank’s CRA File

• Maintain and update the Bank's CRA Policy

6. Act as Bank’s Regulation O Officer

• Monitor NSF activity reports for possible overdraft activity of Regulation O Insiders

• Conduct Reg O compliance reviews of insider loans

• Conduct annual Reg O insider survey

• Report status of Bank’s overall Regulation O efforts to the Board of Directors

• Maintain and update the Bank’s Reg O Policy

7. Additional Departmental Responsibilities such as:

• Function as primary liaison for examiners during federal and/or state Compliance and CRA Examinations

• Attend applicable regulatory training, seminars, and conferences to maintain regulatory consumer compliance knowledge

• Determine effects of consumer protection laws and regulations on Bank policy, procedures, and practices

• Maintain and update various consumer compliance policies

• Implement changes to Bank policy, procedures, and practices to ensure compliance with consumer protection laws and regulations

• Inform Bank management and lines of business regarding changes to Federal and State regulatory law

• Inform Bank management regarding the outcomes of reviews and investigations to elevate concern

• Other duties as assigned

Knowledge, Skills & Abilities

• Excellent research and analytical skills

• Highly organized and capable of dealing with multiple projects simultaneously

• Strong written and verbal communication skills

• Excellent teamwork, interpersonal and conflict resolution skills

• Ability to think strategically and develop a detailed understanding of the products reviewed

• Ability to learn new technologies

• Excellent knowledge of all Consumer Protection Regulations

• Bachelor’s Degree in Economics, Finance or Business Management, or equivalent related experience

• CRCM - Certified Regulatory Compliance Manager desired

• 5 years prior Compliance Officer experience

• 2 - 3 years prior CRA experience

• Microsoft proficiency

• Expected Salary Range: $128,335- $155.000 annually
• Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.

First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit our website:

First Bank Chicago is an Equal Opportunity

Employer:

disability/veteran