Compliance Officer, Deposits & Digital Banking, South Bend, IN
1st Source Bank, Mishawaka, IN, United States
Position Summary
Serves in an advisory role to the Bank on regulatory compliance laws and regulations, exhibits leadership within the department by assisting the development of less-experienced staff, and executes the Bank’s independent regulatory compliance review program. This is accomplished through a compliance management program and compliance review program that include a risk assessment process, regular compliance reviews and reporting, complaint management, and meetings with department heads and senior management. Subject matter expert of compliance in the areas of: deposit consumer, deposit commercial, electronic banking, payments, card and digital access devices and digital assets. Strong knowledge of regulations involving deposits and assets including but not limited to: Reg E, TISA, REG D, CC, and BSA. Effectively communicates with various departments as needed to provide responses to compliance inquiries as they relate to the various federal and state banking regulations. Maintains compliance expertise and seeks out new professional development opportunities, including continuing education and training pertinent to the position. Exhibits leadership, provides compliance input, and assists with project management in order to successfully execute bank projects that involve multiple business areas. Reviews, analyzes, and provides guidance on all aspects of Bank compliance, including but not limited to new and changed regulations; new, modified, and expanded Bank products and services; changes in Bank processes; and customer complaints. Assesses and advises management on all areas of regulatory compliance risk, including deposit risk and UDAAP risk, as assigned. Assists with execution of and/or oversees the third-party execution of compliance reviews to periodically evaluate the Bank’s level of compliance with banking laws and regulations. Serves as one of the Bank’s subject matter expert on compliance risk by creating written reports to, presentations to, and discussions with management at all levels of the bank. Serves as a subject matter expert regarding compliance regulations pertaining to the complaint management program. Supports the review and analysis related to the compliance review process for advertising. Assists the Chief Compliance Officer with annual regulatory compliance education curriculum development and completes educational material development and/or review as assigned. Assists the Compliance Department with Internal Audit requests and state/federal banking examinations. Serves as a committee chair or member of bank committees, as assigned. Must understand all applicable laws and regulations that apply to the position and comply with the requirements. Responsible for the completion of all compliance training related to the position. Experience/Skills
Two (2) years or more of financial institution regulatory compliance experience required. At least two (2) years of experience reading, analyzing, and summarizing laws and regulations using “everyday” verbiage. Preferred experience with Decision Pro, InSight, Fair Lending Wiz, FiServe, Encompass, Logic Manager, Optimal Blue, SharePoint, NContracts, CBS Signature and/or CBS Desktop. Demonstrated ability to perform research and analysis on complex compliance issues with little direction. Strong attention to detail with an inquisitive mindset. Ability to carefully assess proposals, ask relevant questions, and obtain material information necessary to provide actionable compliance guidance. Strong organizational and time management skills, with a demonstrated ability to meet deadlines while working with little or no supervision. Highly motivated with the ability to be proactive, take initiative, and carefully monitor, follow through, and complete projects/responsibilities. Excellent interpersonal and communications skills, including the ability to interact freely and comfortably with staff and management at all levels. Proficiency with PC utilization, standard office software (Microsoft Office, Word, Excel, Outlook, PowerPoint, etc.). Education
Bachelor’s Degree Required Preferred. Certifications
CRCM, NCCO, CCBCO, or CCEP preferred. Travel Requirements
Ability to travel for meetings, projects or seminars as needed. Non-essential Functions
Performs other duties as necessary or assigned. Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions. While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds. Equipment
PC, fax, phone and standard office equipment.
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Serves in an advisory role to the Bank on regulatory compliance laws and regulations, exhibits leadership within the department by assisting the development of less-experienced staff, and executes the Bank’s independent regulatory compliance review program. This is accomplished through a compliance management program and compliance review program that include a risk assessment process, regular compliance reviews and reporting, complaint management, and meetings with department heads and senior management. Subject matter expert of compliance in the areas of: deposit consumer, deposit commercial, electronic banking, payments, card and digital access devices and digital assets. Strong knowledge of regulations involving deposits and assets including but not limited to: Reg E, TISA, REG D, CC, and BSA. Effectively communicates with various departments as needed to provide responses to compliance inquiries as they relate to the various federal and state banking regulations. Maintains compliance expertise and seeks out new professional development opportunities, including continuing education and training pertinent to the position. Exhibits leadership, provides compliance input, and assists with project management in order to successfully execute bank projects that involve multiple business areas. Reviews, analyzes, and provides guidance on all aspects of Bank compliance, including but not limited to new and changed regulations; new, modified, and expanded Bank products and services; changes in Bank processes; and customer complaints. Assesses and advises management on all areas of regulatory compliance risk, including deposit risk and UDAAP risk, as assigned. Assists with execution of and/or oversees the third-party execution of compliance reviews to periodically evaluate the Bank’s level of compliance with banking laws and regulations. Serves as one of the Bank’s subject matter expert on compliance risk by creating written reports to, presentations to, and discussions with management at all levels of the bank. Serves as a subject matter expert regarding compliance regulations pertaining to the complaint management program. Supports the review and analysis related to the compliance review process for advertising. Assists the Chief Compliance Officer with annual regulatory compliance education curriculum development and completes educational material development and/or review as assigned. Assists the Compliance Department with Internal Audit requests and state/federal banking examinations. Serves as a committee chair or member of bank committees, as assigned. Must understand all applicable laws and regulations that apply to the position and comply with the requirements. Responsible for the completion of all compliance training related to the position. Experience/Skills
Two (2) years or more of financial institution regulatory compliance experience required. At least two (2) years of experience reading, analyzing, and summarizing laws and regulations using “everyday” verbiage. Preferred experience with Decision Pro, InSight, Fair Lending Wiz, FiServe, Encompass, Logic Manager, Optimal Blue, SharePoint, NContracts, CBS Signature and/or CBS Desktop. Demonstrated ability to perform research and analysis on complex compliance issues with little direction. Strong attention to detail with an inquisitive mindset. Ability to carefully assess proposals, ask relevant questions, and obtain material information necessary to provide actionable compliance guidance. Strong organizational and time management skills, with a demonstrated ability to meet deadlines while working with little or no supervision. Highly motivated with the ability to be proactive, take initiative, and carefully monitor, follow through, and complete projects/responsibilities. Excellent interpersonal and communications skills, including the ability to interact freely and comfortably with staff and management at all levels. Proficiency with PC utilization, standard office software (Microsoft Office, Word, Excel, Outlook, PowerPoint, etc.). Education
Bachelor’s Degree Required Preferred. Certifications
CRCM, NCCO, CCBCO, or CCEP preferred. Travel Requirements
Ability to travel for meetings, projects or seminars as needed. Non-essential Functions
Performs other duties as necessary or assigned. Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions. While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds. Equipment
PC, fax, phone and standard office equipment.
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