Compliance Officer

This position reports to Vice President Senior Compliance CRA Officer

Basic Functions

Responsible for working closely as a member of the Enterprise Risk Management (ERM) Department to develop administer and maintain effective Consumer Compliance Management Programs in accordance with applicable laws guidelines and regulations.

Essential Duties
1. Work closely as a member of the Banks Compliance team to perform monitor and maintain specific aspects of the compliance programs including:

• Compliance management system
• Compliance risk assessments
• Compliance monitoring and testing programs
• Compliance training program and reporting
• Consumer complaints process
• Marketing materials and bank forms to ensure compliance with applicable rules and regulations
• CRA service investment and loan activity to ensure goals/metrics are being met
• Results of internal and/or external audits for Consumer Compliance related issues to ensure timely and accurate responses and remediation
• Regulatory developments and ensuring timely implementation of new or revised requirements
• Compliance reports for senior management and regulatory agencies
• Provide practical guidance and training to business partners across the bank

2. Compliance and CRA Committee Responsibilities

• Assist in coordinating and attend:
  • CRA Committee meeting
  • Compliance Committee meeting

3. Additional Departmental Responsibilities such as:

• 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 laws
• Inform Bank management regarding the outcome of reviews and investigations to escalate any concerns

Nonessential Duties

• Other duties as assigned

Knowledge Skills and Abilities

• Possesses strong research analytical and problem-solving capabilities
• Highly organized with the ability to manage multiple duties/projects simultaneously
• Strong written and verbal communication skills
• Detail oriented self-starter capable of working independently
• Collaborate effectively build strong interpersonal relationships and resolve conflicts constructively
• Strategic thinker with the ability to develop a comprehensive understanding of applicable products and services
• Comprehensive knowledge of all Consumer Protection Regulations
• Ability to quickly learn and adapt to new technologies and systems
• Knowledge of Fiserv Premier software a plus
• Serve as a trusted compliance

Training & Experience

• Bachelors Degree in Economics Finance or Business Management or equivalent related experience
• 3 to 4 years Compliance experience with a financial institution
• 1 to 2 years CRA experience preferred
• Prior Regulation O experience/responsibility preferred
• CRCM certification or progress toward a plus
• Microsoft proficiency

Compensation
Expected Salary Range: $82000 - $93000
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: Bank Chicago is an Equal Opportunity Employer: disability/veteran
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