Compliance Advisory Officer

Compliance Advisory Officer

Elgin Corporate Headquarters - Tulsa, OK 74120

Vast Bank is looking to hire a Compliance Advisory Officer!

Since February of 1982, we've been a financial institution that has served customers in Northeast Oklahoma and beyond. Our deep roots in the community and commitment to personal service have enabled us to grow alongside our customers, creating conveniences and solutions to fit unique problems and lifestyles. For over 40 years, we've built a legacy on personal service, flexibility, strength, and integrity.

Now, with bold leadership and a renewed commitment to customer-centricity, we're aiming higher for the next 40 years. New ideas, strong partnerships, and modern technology will accompany a winning culture to deliver more control and a surprisingly easy banking experience.

We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package:

• Comprehensive benefits package & 401(k) match
• Professional development opportunities for advancement!
• Tuition assistance
• Transit reimbursement
• Paid time off
• & more!

The Compliance Advisory Officer will be responsible for providing guidance regarding compliance matters related to the Bank's innovative and strategic initiatives, ensuring adherence to all applicable banking laws, regulations, and statutory requirements.

• Leads a team of compliance professionals to provide clear guidance to Bank personnel, and/or fintech partners on becoming and remaining compliant.
• Maintains effective working knowledge of applicable federal and state laws, regulations, and regulatory guidance through ongoing research, training, and participation in industry forums.
• Provides clear actionable guidance to Bank, and/or fintech personnel on becoming and remaining compliant.
• Provides cross-functional support for other corporate functions and business partners.
• Develops and enhances oversight reporting to help ensure the success of the Bank and fintech programs.
• Supports the development and implementation of new and modified Bank products, services, and partner programs, ensuring compliance considerations are incorporated from the outset and throughout the lifecycle.
• Develops collaborative, cross-functional action plans; works closely with management and business partners to interpret complex regulations, develop compliance strategies, and implement efficient compliance programs.
• Assesses the impact of business process changes to the regulatory risk profile and the effectiveness of the control environment and expected forward-looking trend to maintain compliance.
• Assesses changes to regulatory requirements and provides guidance to impacted business partners to ensure effective implementation.
• Reviews internal and client-facing documents to ensure compliance with applicable laws and regulations.
• Contributes to the maintenance and enhancements of compliance policies, program standards, procedures, guidelines, training documents, and other associated forms/documents.
• Monitors and investigates compliance-related issues, incidents, and complaints involving Bank sponsored partnerships; performs accurate root cause analysis; collaborates with cross-functional stakeholders to address issues efficiently and effectively.
• Accountable for compliance team execution and ensures documentation is maintained appropriately.
• Communicates risks across multiple business functions and partner programs and initiates escalations as needed.
• Leads special projects and initiatives as assigned.
• Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
• Performance and/or assistance with all other duties as assigned.

Minimum of 7+ years of compliance, risk management or regulatory oversight, preferably in Fin Tech or financial services.

• Bachelor's degree in business management/finance or equivalent work experience.

A significant level of trust and diplomacy is required to be effective in the position. In-depth research, dialogues, conversations and explanations with internal stakeholders is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on significant risk and compliance related topics.

• Strong Communication & Collaboration - Builds effective working relationships across departments; promotes cooperation and compromise to achieve organizational goals.
• Maintains positive relationships at all levels by contributing to a respectful, courteous, and professional work environment; demonstrates emotional control and adaptability.
• Has knowledge of existing and emerging bank regulations, audit processes, and compliance reporting. And proactively…