Compliance Officer,Finance & Banking Job Northbrook area,Illinois USA,Finance & Banking

Job Details

Job Location:

Northbrook, IL 60062

Salary Range: $82,000.00 - $93,000.00 per year

This position reports to Vice President Senior Compliance CRA Officer

Basic Functions

Responsible for working closely as a member of the Enterprise Risk Management (ERM) Department to develop, administer and maintain effective Consumer Compliance Management Programs in accordance with applicable laws, guidelines and regulations.

Essential Duties

Work closely as a member of the Bank’s Compliance team to perform, monitor and maintain specific aspects of the compliance programs, including:

Compliance management system
Compliance risk assessments
Compliance monitoring and testing programs
Compliance training program and reporting
Consumer complaints process
Marketing materials and bank forms to ensure compliance with applicable rules and regulations
CRA service, investment, and loan activity to ensure goals/metrics are being met
Results of internal and/or external audits for Consumer Compliance related issues to ensure timely and accurate responses and remediation
Regulatory developments and ensuring timely implementation of new or revised requirements
Compliance reports for senior management and regulatory agencies
Provide practical guidance and training to business partners across the bank

Compliance and CRA Committee Responsibilities

Assist in coordinating and attending CRA Committee meetings
Assist in coordinating and attending Compliance Committee meetings

Additional Departmental Responsibilities

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 laws
Inform Bank management regarding the outcome of reviews and investigations to elevate any concerns

Nonessential Duties

Other duties as assigned

Qualifications

Strong research, analytical and problem-solving capabilities
Highly organized with the ability to manage multiple duties/projects simultaneously
Strong written and verbal communication skills
Detail oriented self-starter capable of working independently
Collaborate effectively, build strong interpersonal relationships and resolve conflicts constructively
Strategic thinker with the ability to develop a comprehensive understanding of applicable products and services
Comprehensive knowledge of all Consumer Protection Regulations
Ability to quickly learn and adapt to new technologies and systems
Knowledge of Fiserv Premier software a plus
Serve as a trusted compliance partner

Training & Experience

Bachelor’s Degree in Economics, Finance or Business Management or equivalent related experience
3 to 4 years of Compliance experience with a financial institution
1 to 2 years CRA experience preferred
Prior Regulation O experience/responsibility preferred
CRCM certification or progress toward a plus
Microsoft proficiency

Compensation

Expected Salary Range: $82,000 - $93,000
Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.

Benefits

Medical/dental/vision/life insurance
401(k)
Paid time off (PTO)
Eligibility for an annual bonus

First Bank Chicago is an Equal Opportunity

Employer:

disability/veteran.

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Compliance Officer, Finance & Banking