Compliance Officer

Overview :

Responsible for strategic direction of compliance, fair lending and CRA activities. Contributes to planning, budgeting, organizing, executing and evaluating of all risk management activity including audit and compliance. This position is located in Oceana County in West Michigan.

Responsibilities and Results :

• In consultation with Senior Management, develop short-term and long-term goals for the Bank’s compliance and fair lending functions and reporting to Board Audit Committee.
• Report results, recommendations, management responses, and monitor status of actions to the Audit Committee.
• Serve as a management contributor to the Board’s Audit Committee.
• Manage / coordinate the bank’s management Compliance Committee.
• Coordinate the external compliance reviews, assisting third parties as liaison with staff and management.
• Understand organization’s assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives so can be a resource to help in the development of appropriate regulatory compliance, CRA, and fair lending strategies to achieve financial results with appropriate risk level.
• Develop, implement, and ensure compliance with policies established for fair lending and CRA activities and proper training with the Board and employees.
• Communicate policies and practices and oversee training to assure adequate understanding of risk and compliance with policies and regulations.
• Develop risk assessments in coordination with department management and third-party audit / compliance vendors.
• Maintain fair lending risk assessments and CRA community impact documentation.
• Oversee HMDA / CRA data collection and reporting.
• Coordination with marketing to ensure proper printed materials are in compliance.
• Facilitate coordination of consumer complaints.
• Maintain knowledge of the Bank’s regulatory environment and compliance issues.
• Oversee the bank’s online compliance training program.
• Additional responsibilities as assigned.
• Be familiar with and comply with the provisions of the AML / CFT and USA PATRIOT Act as they relate to the functions of this position. Assist where need with required reporting related to those acts and reports any observed violations or potential violations of those acts to a supervisor or other appropriate bank officer.
• Be familiar with and comply with all federal and state banking regulations as applicable.

QUALIFICATIONS

Education :

Work Experience :

Skills and Knowledge :

Other Job Responsibilities :