Compliance Officer

compliance officer

Milan, IL

Duties and Responsibilities:

• Overseeing the Bank’s Compliance Management System (CMS), working with other bank departments to ensure the Bank is in compliance with all regulatory agencies.
• Formulating applicable risk assessments and oversight regarding applicable reviews. This includes making recommendations on an on-going basis to strengthen policies and procedures associated with the CMS.
• Monitoring the on-going landscape of legislative and regulatory changes, as well as emerging risks affecting the Bank’s compliance program.
• Assisting in the assessment of risk and the need for potential changes to policies and procedures for various departments.
• Working closely with regulators and auditors in preparing for external audits and examinations.
• Developing, managing, tracking, and conducting applicable regulatory training for employees.
• Managing the Community Reinvestment Act.
• Monitoring of the Bank’s Fair Lending processes.
• Overseeing of the Flood Insurance Act compliance functions.
• Monitoring and reviewing of all HMDA/CRA (Small Business) related processes and data reporting requirements.
• Implementing and managing Section 1071 compliance.
• Reviewing and giving feedback on product development and marketing materials.
• Serve as the primary contact for compliance related questions for all Bank departments and staff.

Position Requirements: 

• Bachelor's degree in finance, business administration, law, or a related field.
• Five years of experience in banking compliance, regulatory compliance, or a related field.
• In-depth knowledge of federal and state banking regulations (e.g., BSA/AML, Reg Z, RESPA, HMDA).
• Familiarity with fair lending practices and data collection/reporting requirements.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to develop and implement compliance programs and conduct compliance training.
• Proficiency in compliance management software and other relevant tools.
• Strong Microsoft Office skills (Word, Excel, PowerPoint).

EOE, including disability/vets

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