Vice President Senior Compliance CRA Officer

Northbrook, IL - USA

Monthly Salary: $ 128335 - 155000

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Description

This position reports to:Executive Vice President/Enterprise Risk Management

Basic Function

Primarily responsible for developing administering and maintaining the Consumer and CRA Compliance Management Programs to ensure compliance with all applicable laws and regulations. Will also act as the Banks Reg O Officer and report on the status of Reg O activity to the Board of Directors. Additionally will administer the Banks insurance program work closely with the Banks insurance broker and lead the Banks Insurance Committee.

Essential Duties

1. Administer and maintain:

Compliance Management Program
Compliance Training Program

Compliance Risk Assessment

Self-Monitoring Program

Banks Insurance Program

2. Review the following:

Marketing materials to ensure compliance with applicable rules and regulations

Bank forms to ensure compliance with applicable rules and regulations

LOB Compliance monitoring reports

Compliance training reports

3. Monitor the following:

Consumer complaints to identify possible weaknesses and insufficiency of Bank policy and procedures

Results of internal and/or external audits for compliance related issues to ensure timely and accurate responses

4. Committee Responsibilities

Prepare & Chair:
- Compliance Committee
- CRA Committee
- Insurance Committee

5. Act as Banks CRA Officer

Monitor Banks CRA service investment and loan activity to ensure qualifications are being met
Report status of Banks overall CRA efforts to the Board of Directors
Maintain Banks CRA Public File
Maintain and update the Banks CRA Policy

6. Act as Banks Regulation O Officer

Monitor NSF activity reports for possible overdraft activity of Regulation O Insiders
Conduct Reg O compliance reviews of insider loans
Conduct annual Reg O insider survey
Report status of Banks overall Regulation O efforts to the Board of Directors
Maintain and update the Banks Reg O Policy

7. Additional Departmental Responsibilities such as:

Function as primary liaison for examiners during federal and/or state Compliance and CRA Examinations
Attend applicable regulatory training seminars and conferences to maintain regulatory consumer compliance knowledge
Determine effects of consumer protection laws and regulations on Bank policy procedures and practices
Maintain and update various consumer compliance policies
Implement changes to Bank policy procedures and practices to ensure compliance with consumer protection laws and regulations
Inform Bank management and lines of business regarding changes to Federal and State regulatory law
Inform Bank management regarding the outcomes of reviews and investigations to escalate concern

Nonessential Duties

Other duties as assigned

Qualifications

Knowledge Skills & Abilities

Excellent research and analytical skills

Highly organized and capable of dealing with multiple projects simultaneously

Strong written and verbal communication skills

Excellent teamwork interpersonal and conflict resolution skills

Ability to think strategically and develop a detailed understanding of the products reviewed

Ability to learn new technologies

Excellent knowledge of all Consumer Protection Regulations

Training & Experience

Bachelors Degree in Economics Finance or Business Management or equivalent related experience

CRCM - Certified Regulatory Compliance Manager desired

5 years prior Compliance Officer experience

2 - 3 years prior CRA experience

Microsoft proficiency

Compensation

Expected Salary Range: $128335- $155.000annually
Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.

Benefits

First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits please visit our website:

First Bank Chicago is an Equal Opportunity Employer: disability/veteran

Crains Chicago Best Places to Work 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I 2025

Required Experience:

Exec

DescriptionThis position reports to:Executive Vice President/Enterprise Risk ManagementBasic FunctionPrimarily responsible for developing administering and maintaining the Consumer and CRA Compliance Management Programs to ensure compliance with all applicable laws and regulations. Will also act as ...