Compliance Officer

Compliance Officer

Requirements

• Bachelor’s degree (BA) from a four-year college or university, and five years related experience and/or training; or equivalent combination of education and experience. Work-related experience should consist of an audit or compliance background in financial institution operations, lending, and financial reporting.
• Advanced knowledge of related state and federal banking compliance regulations, CRCM designation preferred.
• Excellent organizational, prioritization, and time management skills, with the ability to provide leadership, supervision and training for employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills.
• Exceptional verbal, written and interpersonal communication skills.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.

Responsibilities

• Administer and monitor the Compliance Management System, including the Fair Lending Program, that ensures the Bank’s compliance with all laws and regulations applicable to its operations and product offerings.
• Research, analyze, and draw conclusions related to all federal and state rules and regulations and their applicability to Bank products, services, and systems.
• Provide regulatory updates to all applicable personnel.
• Review required disclosures for required regulatory content.
• Maintain a strong awareness of company goals, regulatory and legislative developments, and industry trends.
• Serve as primary in-house subject matter expert to provide compliance advice and guidance to all bank staff, addressing any compliance questions.
• Chair the Compliance Committee.
• Report on a regular basis to Executive Management and the Board of Directors regarding the status of the Compliance Program. Provide Management with process improvement recommendations, as necessary.
• Oversee all compliance related communication and ensure such communication is comprehensive, accessible, current, and appropriate for all employees.
• Develop, revise, and implement Bank-wide compliance policies and procedures and address various compliance issues.
• Oversee the annual compliance training schedule/program for all bank staff, Management, and the Board of Directors.
• Work with department managers to ensure that compliance topics are covered in procedure manuals.
• Oversee the Compliance Analyst’s testing of periodic, in-depth compliance monitoring reviews, issue reports of findings and recommendations to department management, and summary reports to Executive Management and the Board of Directors.
• Serve as the Bank’s representative to Federal and State regulators with respect to Bank compliance, including management of regulatory compliance examinations. Assemble information for examinations, conduct post-examination follow up, prepare responses to examination reports, and oversee corrective actions.
• Assist department managers to make improvements to operating procedures or systems to correct any operational deficiencies found in internal reviews and audits, or regulatory examinations.
• Review Seattle Bank marketing advertisements and marketing materials. Review prior to publication to ensure compliance to federal and state laws. Keep a tracking log of all approved advertisement and marketing materials.
• Review Seattle Bank’s complaint log and also review third-party vendor and FinTech Partner complaints and perform trend analysis that is reported to Audit Committee.
• Supervises the Bank’s record retention program.
• Chair the CRA Committee with reports to the Audit Committee.
• Maintain the bank’s Community Reinvestment Act program.
• Provide annual CRA training and communication to all staff.
• Ensure that the bank’s CRA Public File is current, accurate, and made available as required.
• Maintain the bank’s complaint file and public comments relating to the bank’s CRA performance.
• Conduct periodic reviews and assessment of CRA activity and compliance and report results to the bank’s Compliance Committee, Executive Management, and the Board of Directors.
• Review for accuracy and file the annual CRA LAR before deadline.
• Maintain the bank’s Privacy Policies and Procedures.
• Partner with the bank’s Human Resources and IT departments to conduct quarterly and annual training of bank staff and provide direction and support as needed.
• Oversee annual distribution of privacy policy to bank customers.

Preferred Qualifications

• CRCM designation preferred.