VP, Compliance CRA Officer

VP, Compliance CRA Officer

Elgin Corporate Headquarters - Tulsa, OK 74120

Position Type Full Time Job Shift Day

Vast Bank is looking to hire a VP, Compliance & CRA Officer!

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!

Summary Of Role

The VP, Compliance, and CRA Officer assures compliance with all company policies and procedures, as well as all applicable state and federal banking regulations. Must comply with the company's BSA/AML/OFAC Program and ensure that Consumer Compliance regulatory requirements are adhered to. Responsible for the oversight of a Consumer Compliance and Safety and Soundness program for the Bank. Manage and provide leadership in the CRA compliance and regulatory functions of the Bank.

Responsible to assure that the Bank operates in compliance with all applicable legal and regulatory requirements. Provide legal advice and counsel for residential and consumer departments.

Major Duties and Responsibilities

• Develop and implement an overall Compliance Plan and CRA Plan to ensure compliance with all applicable State and Federal laws, rules and regulations. Maintain a system that documents all CRA volunteer activities, as well as CRA qualified charitable contributions and investments. Work with Executive Managers to develop community outreach programs such as homeowner counseling, foreclosure prevention counseling as well as financial literacy training provided to non-profit organizations, high school students, senior citizens or other appropriate groups.
• Validates HMDA data and produces monthly reports. Act as onsite liaison for internal audits and all state and federal examinations relating to all compliance matters (excluding safety and soundness)
• Monitor various compliance surveillance and exception reports. Conduct periodic internal account/customer reviews to identify potentially suspicious activity. Complete and accurately document steps taken through the investigation process. Review and critically assess current reporting systems in order to determine recommendations for maximum optimization.
• Responsible for the development and update of BSA/AML/OFAC training materials and forms for company's personnel and Management. Attends compliance schools and information sessions to become knowledgeable and skilled in compliance requirements. Reports requirements to management and may train departmental heads in compliance processes, requirements and controls.
• Assists the company and divisional management in understanding and addressing all applicable laws and regulations. Develops and maintains corporate compliance policies and establishes compliance review procedures. Assists administration and other Bank personnel on department business to coordinate inter and intra-departmental activities; resolve inquiries or issues relating to BSA/Compliance matters; participates in various internal committees as assigned.
• Conducts special studies for management to discover the company's potential exposure to existing or pending compliance regulation and cooperates with the appropriate staff in developing an effective response to the compliance requirements.
• Chair Compliance/CRA committee which will meet at least quarterly. Make recommendations to Executive management as to who should be a member of the CRA/Compliance Committee. Provide recommendations to Senior Management about new programs or initiatives to participate in to assure CRA compliance (ie. Federal Home Loan Bank programs that provide down payment assistance or Affordable Housing Grants)
• Provide recommendations to Senior Management as to needed CRA services, investments and contributions and develop a program to encourage Senior Management to volunteer their financial expertise to appropriate nonprofit organizations that will benefit the Bank's CRA participation and its objectives to grow its business according to the Strategic Plan. Monitor and review changes in law and regulations and provide information to Senior Executives and Board of Directors as appropriate.
  
  Monitor and review all polices, procedure manuals, and marketing materials to ensure compliance with applicable laws, rules, and regulations. Make sure Board reviews and approves as appropriate.
• Maintains a schedule for a cursory examination of all compliance requisites and looks for evidence of deficiencies in controls, duplication of effort, timeliness of response to compliance issue or lack of compliance with laws, government regulations, and management policies or procedures.
• Establishing Risk Assessments and mitigating factors.
• Update and prepare all compliance policies for Board review and approval periodically pursuant to schedule. Provide periodic Compliance and CRA…