Description:
Position Title:
Compliance Manager
Department:
Risk Management
Supervisor:
Risk Officer
Position Status:
Exempt
Position Purpose
Identify, develop and maintain compliance programs that mitigate risks presented to the bank in the areas of regulatory, legal and operational compliance, as well as auditing. Collaborate with bank leaders in the identification, coordination, implementation and monitoring of controls implemented to mitigate identified risks. Manage relationships with third parties, auditors and regulators as they assess the bank and its programs designed to control compliance and regulatory risks. Promote accountability, ethical behavior and a strong compliance culture.
Position Accountabilities
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Demonstrate Outstanding Customer Service
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Effectively help customers achieve their financial goals by providing internal customer service that models the values of integrity, flexibility, helpfulness, proficiency and commitment
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Develop risk controls in collaboration with bank management in such a way that they minimize the impact to the bank’s customers and help the bank operate efficiently.
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Provide timely support to senior leaders and staff when they encounter unique situations requiring research and direction in complying with applicable processes, procedures and regulations.
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Establish and Maintain a High-Level Compliance Culture
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Achieve and maintain a base of knowledge on regulations and law that the bank is required to comply with on an ongoing basis
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Perform internal risk assessments as needed to shape compliance direction
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Develop and maintain policies and recommend changes that guide the bank in establishing a framework for appropriate compliance on an ongoing basis
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Lead a compliance committee consisting of department heads and functional area specialists in establishing procedures and processes in their respective areas so effective compliance can be achieved as a routine part of all banking activity
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Design and coordinate a compliance training program by developing a working relationship with third party training and consulting resources and implementing appropriate staff training initiatives and opportunities for both new and existing employees to ensure that bank staff is optimally trained to achieve desired compliance
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Develop and maintain appropriate reporting to the Board of Directors on compliance initiatives and collaborate with the Board in achieving regulatory compliance
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Oversee management of third-party vendors by completing initial due diligence of new vendors and collecting and reviewing documents for ongoing management of existing vendors
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Demonstrate Effective Management/Supervision and Staff Development
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Lead, coach, train, and develop staff in compliance, systems, and product knowledge to achieve performance goals
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Direct and manage the accuracy, productivity, and efficiency of compliance staff and operations
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Supervise department and staff by assigning work, scheduling, and conducting Compass Meetings and Compensation Reviews
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Coordinate a Compliance and Audit Program Monitoring for Regulatory Compliance
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Maintain oversight to ensure compliance team members or third parties coordinate appropriate audit processes and protocol to assess whether the bank is effectively achieving compliance with all applicable regulations
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Either directly or indirectly complete internal audits on applicable scopes of regulation to assess the effectiveness of efforts to achieve regulatory compliance
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Identify areas of regulation that cannot be effectively evaluated with internal audits and coordinate appropriate external audits on applicable scopes of regulation to assess the effectiveness of efforts to achieve regulatory compliance
- Report audit findings to senior management and the Board of Directors on a timely basis
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Communicate audit findings to appropriate bank staff and to the extent corrective action is required work with staff to give guidance so that successful compliance can be achieved
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Coordinate the Bank’s Preparation and Response for Regulatory Examinations and Third-Party Audits
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Review documentation and information requests for pending regulatory examinations and audits; gather required documentation and coordinate efforts to submit the same
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Coordinate with the CEO and other senior managers in implementing appropriate changes in response to regulatory or audit demands or suggestions
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Assist the CEO and other senior managers in achieving a culture of constant audit and examination readiness
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Serve as Bank Secrecy Act (BSA) Officer
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Responsible for the coordination and oversight of an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program
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Act as liaison and primary contact for Federal and State examinations and internal and external independent reviews of audits
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Stay current with emerging risks, new or amended laws, regulations, or agency guidance and implement appropriate changes and controls
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Develop and implement internal BSA/AML training programs based on current regulatory and industry standards and ensure that employees adhere to the BSA/AML policies, procedures, and processes
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Manage existing or implement new technology solutions that enhance BSA efforts including risk review and fraud prevention
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Actively Contribute to Leighton State Bank Continuous Improvement
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Contribute to a positive team environment by cooperatively working with other leaders and bank personnel
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Execute strategic initiatives as directed by the CEO and other Senior Managers
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Perform other projects and duties assigned by the Risk Officer
Position Qualifications
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Education and Experience
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Possess a degree in a field of study preparing a candidate to proficiently perform and assist in bank risk management and business compliance OR a minimum of 3 years experience in banking; ideally with background in compliance or risk positions.
- Knowledge, Skills and Abilities
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Leadership. Demonstrated influence of positive leadership, confidence and encouragement. Be a respected leader with a clear sense of direction and vision, able to lead in an environment of constant change. Be able to challenge, inspire and motivate a team to achieve high goals.
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Customer Service. Demonstrated use of principles and processes for providing outstanding internal customer service. This includes customer needs assessment, meeting quality standards for services and evaluation of internal customer and vendor satisfaction.
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Judgment and Decision Making. Demonstrated ability to systematically consider relative costs and benefits of potential actions; critically analyze related variables; and logically apply reasoning when selecting goals and making plans.
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Communication. Demonstrated use of communication to understand and correctly interpret information and ideas presented through non-verbal, verbal and written modes as well as to convey information and ideas professionally to diverse individuals and groups through presentation of words, actions, and documentation.
- Technology. Demonstrated use of computers, Microsoft Office Suite software, internet and other electronic means to gather and disseminate information; communicate with colleagues and customers; construct and revise Word and Excel documents; and store and retrieve data.
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Legal. Demonstrated use and understanding of federal and state laws, as well as rules and regulations, for financial institutions.
Requirements:
Education and Experience
Possess a degree in a field of study preparing a candidate to proficiently perform and assist in bank risk management and business compliance OR a minimum of 3 years experience in banking; ideally with background in compliance or risk positions.
Knowledge, Skills and Abilities
Regulatory knowledge
Strong Organizational Skills
Desire to learn and research
Strong Communication skills- writing and speaking
Confidentiality and Integrity - to be a strong internal auditor
Self-starter
Attention to Detail
Risk management
