Vice President Senior Compliance CRA Officer Job Northbrook area,Illinois USA,Finance & Banking

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.

Essential

Duties

Administer and maintain:

Compliance Management Program
Compliance Training Program
Compliance Risk Assessment
Self-Monitoring Program
Bank's Insurance Program

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

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

Committee Responsibilities:

Prepare & Chair:
Compliance Committee
CRA Committee
Insurance Committee

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 Public File
Maintain and update the Bank's CRA Policy

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

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

Nonessential Duties

Other duties as assigned

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