Compliance Officer, Finance & Banking

Compliance Officer

Job Summary The Compliance Officer is responsible for orchestrating and managing activities critical to adhering to regulatory risks, serve as a strategic partner to the Chief Risk Officer and senior management on compliance matters, and acting as a liaison with government agencies. Oversee the compliance team and help the organization ensure that operational functions comply with relevant laws, regulations, and policies.

Engages with internal and external stakeholders to support a response and unified goal of organization success. Supports the development and implementation of compliance programs, policies, reporting, and practices. Responsible for state and federal exam management as well as any third-party compliance reviews. Also responsible for maintaining awareness of upcoming regulations, laws, and legal rulings that can impact compliance needs or alter organization risk.

Serves as a resource of knowledge and support for all stakeholders and team members. Ensures compliance with established Bank policies and procedures.

OMB Bank is a quickly growing, fast-paced $2.5 billion financial institution. The ideal candidate would have experience working for institutions of equal or greater size and be able to adapt quickly as new projects are presented, while maintaining existing compliance program.

• · Maintain a compliance management program appropriate to the Bank’s size, complexity, products, services, and risk profile
• · Develop and update the compliance risk assessment and annual monitoring plan
• · Maintain compliance policies and work with business units to develop procedures and controls
• · Provide independent oversight and challenge while supporting business units’ responsibility for day-to-day compliance
• · Identify compliance resource, training, and technology needs and recommend improvements

• · Monitor regulatory developments and evaluate their impact on the Bank
• · Communicate relevant changes to management and affected departments
• · Coordinate implementation of new or revised requirements, including changes to policies, procedures, systems, disclosures, and training
• · Advise business units on compliance questions involving deposit accounts, lending, servicing, payments, advertising, and customer communications
• · Review proposed products, services, and operational changes before implementation

• · Conduct or coordinate compliance monitoring and testing based on identified risks
• · Review transactions, disclosures, notices, advertisements, and operational practices for compliance
• · Document findings, communicate results, and work with responsible managers to establish corrective action plans
• · Track issues through resolution and validate that corrective actions address the underlying cause
• · Escalate significant violations, repeat findings, overdue corrective actions, and emerging risks

• · Oversee compliance activities involving consumer deposit and lending requirements, privacy, credit reporting, and unfair, deceptive, or abusive acts or practices
• · Administer or coordinate the Bank’s fair lending compliance program, including risk assessments, monitoring, and review of lending practices
• · Coordinate Home Mortgage Disclosure Act responsibilities, as applicable, including data integrity reviews and reporting
• · Review customer complaints for potential compliance concerns, recurring patterns, and opportunities to improve customer treatment
• · Partner with the Community Reinvest Act (CRA) team on reports and working with regulatory agencies

• · Serve as a primary contact for…