Compliance Manager

Brief Description

Impacts reduction of federal and state regulatory compliance violations and reputational risk.

Responsibilities

• Manages the oversight and enforcement of the Compliance Department to ensure all Bank functions are compliant with applicable federal, state, and local regulations.
• Implements and directs strategies to achieve goals developed to ensure compliance with operating policies and procedures and regulatory requirements.
• Implements and maintains comprehensive compliance program.
• Researches and maintains current information regarding federal and state banking laws and regulations; ensures the Bank’s compliance program meets regulatory requirements and standards while enhancing organizational performance.
• Develops and maintains compliance policies and updates according to regulatory changes.
• Influences compliance policies and procedures through the creation and implementation of work plans.
• Communicates legal and regulatory requirements to staff, senior management, and the Board of Directors; notifies staff of updates and implications on Bank policies and procedures.
• Provides training resources to enforce effective compliance with laws and regulations applicable to the Bank.
• Oversees actions of comprehensive self-testing, as well as third-party and regulatory audits; makes necessary preparations for such audits or exams; coordinates response to auditors and examiners; ensures identified deficiencies are corrected.
• Reviews and evaluates findings as the result of internal compliance issues and concerns within the organization.
• Examines Bank forms to ensure that current and compliant documents are in use.
• Supports and guides the Bank’s operational and lending compliance efforts.
• Gathers data and prepares reports for senior management, audit, and any other personnel upon request.

Ancillary Functions

• Leads and delegates tasks in a clear and proper manner among assigned staff.
• Conducts annual performance reviews, providing clear feedback and follow through with corrective action if necessary.
• Provides coaching, recognition, motivation, and skill development to staff members on a consistent basis.
• Communicates clearly among her/his teams, assuring all team members have the appropriate tools and information to perform according to expectations.
• Administers personnel policies and procedures, such as time and attendance.
• Assures adherence to Bank policies and procedures and federal and state regulatory requirements.
• Provides cross-functional support to other areas of the department and the Bank where service or assistance is needed.

Skills

• Clearly communicates in English; proficient reading, writing, grammar, and mathematics skills;
• Proficient interpersonal relations and communicative skills;
• Thorough knowledge of all banking regulations, regulatory requirements, and compliance program elements;
• Knowledge of bank products and services, along with the operational policies and procedures that impact these products and services;
• Proficient PC skills, including Microsoft Office.

Requirements

• A B.S. or B.A. degree, or equivalent, in a related field normally required;
• Specialized bank compliance training;
• Completion of Certified Regulatory and Compliance Professional Program.

Experience

• A minimum of five (5) years' related experience normally required.