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Form of workWe're growing! Community State Bank is seeking a Full Time Compliance Officer to join our team of risk management professionals in our Avilla, Indiana office. The ideal candidate will have at least 5 years of experience as a bank compliance professional and a CRCM certification. Apply today! We'd love to meet you!
Job Title: Compliance Officer
Reports To: Chief Risk Officer
Supervises: BSA Officer
Division: Risk Management
FLSA Classification: Exempt
Pay Rate: Salary
Position Purpose: The Compliance Officer is responsible for implementing compliance strategies, policies, and procedures to ensure that the Bank complies with applicable laws, regulations, and policies. The Compliance Officer is also responsible for interpreting applicable laws and regulations, monitoring regulatory changes, providing compliance training to the staff and Board of Directors, and completing internal testing and reporting.
Supervises: BSA Officer
Division: Risk Management
FLSA Classification: Exempt
Pay Rate: Salary
Position Purpose: The Compliance Officer is responsible for implementing compliance strategies, policies, and procedures to ensure that the Bank complies with applicable laws, regulations, and policies. The Compliance Officer is also responsible for interpreting applicable laws and regulations, monitoring regulatory changes, providing compliance training to the staff and Board of Directors, and completing internal testing and reporting.
Job Requirements
Education: A 4-year degree in a Business-related field is required. An equivalent combination of education and relevant work experience may be considered in lieu of a 4-year degree. Certified Regulatory Compliance Manager (CRCM) certification strongly preferred.
Experience: A minimum of five (5) years of experience as a bank compliance professional required.
Skills: Effective organizational and time management skills; excellent verbal and written communication skills; analytical thinking skills; ability to type at least 40 wpm; proficiency with Microsoft Office software such as Word, Excel, PowerPoint, and Outlook; fluency in the English language; ability to create professional-level written reports and procedures; ability to meet deadlines.
Essential duties include, but are not limited to:
CSB Cultural Expectations
Education: A 4-year degree in a Business-related field is required. An equivalent combination of education and relevant work experience may be considered in lieu of a 4-year degree. Certified Regulatory Compliance Manager (CRCM) certification strongly preferred.
Experience: A minimum of five (5) years of experience as a bank compliance professional required.
Skills: Effective organizational and time management skills; excellent verbal and written communication skills; analytical thinking skills; ability to type at least 40 wpm; proficiency with Microsoft Office software such as Word, Excel, PowerPoint, and Outlook; fluency in the English language; ability to create professional-level written reports and procedures; ability to meet deadlines.
Essential duties include, but are not limited to:
CSB Cultural Expectations
- Commit to learning, integrating, and modeling CSB’s ‘I CREATE’ core values: Integrity, Communication, Respect, Encouragement, Accountability, Trust, and Equality.
- Align to bank-wide vision, mission, and business objectives.
- Commit to continuous personal and professional growth in the areas of teamwork, customer service, and job specific competencies.
Leadership Expectations
- Provide clear leadership, guidance, and expectations to staff.
- Provide necessary training to staff to facilitate career growth.
- Effectively coach team members on proper client service standards.
- Effectively interview, recruit, hire, evaluate, reward, retain, and coach direct reports.
- Effectively and empathetically guide team through changes in processes, procedures, and staffing.
- Keep up to date on overall activities of the team, identifying problem areas and taking corrective actions as needed.
- Conduct regular one-on-one and team meetings and provide a psychologically safe environment in which employees are encouraged to ask questions and provide candid feedback without concern for retaliation or negative consequences.
- Assign duties and monitor quality of work; ensure staff conforms to organizational policies and procedures and government/employment regulations; lead by example.
- Maintain a positive work environment free from harassment and which fosters diversity, equity, inclusion, and belonging.
- Manage the workflow of direct reports to ensure completion within expected timeframes.
- Maintain a positive employee engagement rating and take necessary steps to improve employee engagement and satisfaction as needed.
General Expectations
- Be a subject matter expert in all compliance related areas of CSB including, but not limited to: BSA, OFAC, Reg CC, Reg E, Reg Z, Reg O, CIP, CRA, Reg B, HMDA, ECOA, etc.
- Develop and implement compliance policies and procedures.
- Monitor and assess compliance risks.
- Conduct internal compliance testing, risk assessment, audits, and reviews by required timeframes.
- Prepare for and respond to external compliance audit and exam requests by established deadlines.
- Provide compliance training to employees.
- Investigate and resolve compliance issues.
- Prepare and submit regulatory and compliance-related reports to senior management and the Board of Directors.
- Collaborate with other departments to ensure compliance.
- Act as the point of contact for auditors and examiners and report results to Chief Risk Officer (CRO) and other parties.
- Work with CRO to create plans to correct audit findings as needed.
- Review marketing materials for compliance and provide approvals.
- Oversee BSA Officer and ensure timely compliance with BSA, AML, and OFAC reporting requirements, including timely filing of CTRs and SARs.
- Review policies and procedures to ensure regulatory compliance.
- Recommend and implement policy and procedure changes as needed in response to bank regulatory changes.
Other Expectations
- Perform other duties as assigned.
Physical Demands
- Frequent sedentary work that primarily involves sitting.
- Occasional standing and walking.
- Frequent repetitive motions that include the hands and/or fingers.
- Constant operation of a computer and other office productivity machinery, such as a calculator, copy machine, phone, and printer.
- Occasional lifting of up to 5 pounds.
- Constant written and verbal communication with others to exchange information.
- Constant state of awake and alertness.
- Frequent need to speak to groups of people.
- Constant ability to report in-person regularly and consistently at job site.
- Constant ability to distinguish colors and clearly view close up written materials.
- Constant exposure to moderate background noise (keyboards, telephones, printers, talking, etc.).
- Occasional need to travel to other bank locations.
- Occasional exposure to outdoor weather for short periods of time during travel.
Community State Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
