Address
Form of work"Republic Bank believes in the development and advancement of our associates.We offer the opportunity to learn all aspects of the company to prepare for future advancement.Come join our team for a career, not just a job!"
Grade 13
About Republic Bank
Republic Bank's values are built upon making an IMPACT for our clients, our associates and the communities we serve. (IMPACT stands for Innovate for the Future, Make it Easy, Provide Exceptional Service, Acknowledge & Celebrate Success, Commit to Caring and Thrive Together) The associates of Republic Bank are the key to our success as an organization and we value our associates. It's one of the reasons we've been named as one of the Best Places to Work in Kentucky for the last five years! For more information about the company, please visit www.republicbank.com.
POSITION PURPOSE AND OBJECTIVES:
The Compliance Officer leads the business unit oversight related to compliance with primary federal and state regulations and statutes for all products offered through RPG. In addition, this position will work closely with the Bank's Compliance Department to ensure RPG is meeting the standards and expectations of the Bank's Compliance Management System.
MINIMUM QUALIFICATIONS:
•Minimum 7 years' compliance and/or legal experience in banking or fintech industry with consumer facing product management required.
•Knowledge and understanding of regulatory requirements impacting Republic Processing Group including Fair Credit Reporting Act (Regulation V), Truth in Lending Act (Regulation Z), Equal Credit Opportunity Act (ECOA), Unfair, Deceptive, and Abusive Acts and Practices (UDAAP), Electronic Funds Transfer Act (Regulation E), Truth in Savings Act (Regulation DD) and Bank Secrecy Act/Anti Money Laundering.
•Certified Regulatory Compliance Manager (CRCM) or management-approved equivalent preferred.
•Demonstrated proficiency in Microsoft Office products.
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES:
•Develop policies, procedures, and training to ensure alignment and compliance with applicable regulatory requirements, federal and state laws, and regulations.
•Work closely with department management to obtain strategic goals in a compliant and efficient manner.
•Interface regularly with the Bank's Compliance Department on initiatives with a regulatory impact.
•Develop and oversee the material review process to ensure appropriate regulatory review. This includes documentation of relevant information and regulatory analysis.
•Provide compliance feedback on new or enhancements of existing products and services.
•Engage with department associates and Compliance management on the strategy for adherence to laws, regulations, and guidance for new products, programs, or enhancement of existing products.
•Conduct regular meetings to discuss current processes, monitoring and review needs, regulatory updates, and/or emerging risks.
•As needed, recommend compliance training to associates and third parties.
•Provide support to associates in the analysis and resolution of issues or concerns to ensure appropriate and timely resolution.
•Collaborate with management on the implementation product updates driven by regulatory changes.
•Review new products and initiatives for compliance with applicable federal and state regulations, statutes, and guidance and provide advice to business holders and stakeholders.
•Develop and implement compliance related key performance indicators for products.
•Responsible for the review of testing and monitoring plans to ensure program encompasses and effectively monitors relevant regulatory risks. Provide recommendations on areas of changing expectations and emerging risks.
•Provide assistance in other areas when needed such as product and system testing and development.
•Monitor and analyze developing trends and changes in applicable laws and regulations, including credit and payments.
•Implement and execute appropriate risk assessment processes, in conjunction with the Bank's enterprise-wide regulatory and other risk assessments.
•Report updates to management on issues to ensure awareness and to evaluate appropriate next steps for resolution.
•Responsible for adequate record maintenance and processes to document compliance efforts and risk decisions.
•Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
•Model and foster behaviors that support the Bank's values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization.
•Willingly perform all other duties and projects as assigned.
INTERPERSONAL SKILLS AND COMPETENCIES REQUIRED:
•Ability to work independently and exercise good judgment in the escalation of issues to RPG management.
•Ability to make decisions regarding compliance requirements and determine potential compliance implications for various situations.
•Must have a highly developed work ethic including self-motivation, time management, organizational, and detail orientation skills.
•Ability to manage multiple projects at once.
•Approach tasks with a sense of urgency and adhere to assigned deadlines.
•Effective communication (written and verbal) skills to adequately convey reports, findings, etc. related to job function.
PHYSICAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this position, the associate is regularly required to sit, use hands to finger, handle, or feel; and talk or hear. The associate frequently is required to stand or walk. The associate is occasionally required to reach with hands and arms. The associate must occasionally lift and/or move 10 pounds. Specific vision abilities required by this position include close vision, and distance vision. The noise level in the work environment is usually moderate.
OTHER REQUIREMENTS:
•Travel between Republic Banking facilities is required.
•Occasional out-of-town travel is required.
•Flexible work schedule that will include some evenings and weekends.
•Stay abreast of new developments, best practices, and statutory and regulatory changes.
**The above is intended to describe the general content of and requirements for the performance of this position. It is not construed as an exhaustive statement of duties, responsibilities, or requirements.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Grade 13
About Republic Bank
Republic Bank's values are built upon making an IMPACT for our clients, our associates and the communities we serve. (IMPACT stands for Innovate for the Future, Make it Easy, Provide Exceptional Service, Acknowledge & Celebrate Success, Commit to Caring and Thrive Together) The associates of Republic Bank are the key to our success as an organization and we value our associates. It's one of the reasons we've been named as one of the Best Places to Work in Kentucky for the last five years! For more information about the company, please visit www.republicbank.com.
POSITION PURPOSE AND OBJECTIVES:
The Compliance Officer leads the business unit oversight related to compliance with primary federal and state regulations and statutes for all products offered through RPG. In addition, this position will work closely with the Bank's Compliance Department to ensure RPG is meeting the standards and expectations of the Bank's Compliance Management System.
MINIMUM QUALIFICATIONS:
•Minimum 7 years' compliance and/or legal experience in banking or fintech industry with consumer facing product management required.
•Knowledge and understanding of regulatory requirements impacting Republic Processing Group including Fair Credit Reporting Act (Regulation V), Truth in Lending Act (Regulation Z), Equal Credit Opportunity Act (ECOA), Unfair, Deceptive, and Abusive Acts and Practices (UDAAP), Electronic Funds Transfer Act (Regulation E), Truth in Savings Act (Regulation DD) and Bank Secrecy Act/Anti Money Laundering.
•Certified Regulatory Compliance Manager (CRCM) or management-approved equivalent preferred.
•Demonstrated proficiency in Microsoft Office products.
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES:
•Develop policies, procedures, and training to ensure alignment and compliance with applicable regulatory requirements, federal and state laws, and regulations.
•Work closely with department management to obtain strategic goals in a compliant and efficient manner.
•Interface regularly with the Bank's Compliance Department on initiatives with a regulatory impact.
•Develop and oversee the material review process to ensure appropriate regulatory review. This includes documentation of relevant information and regulatory analysis.
•Provide compliance feedback on new or enhancements of existing products and services.
•Engage with department associates and Compliance management on the strategy for adherence to laws, regulations, and guidance for new products, programs, or enhancement of existing products.
•Conduct regular meetings to discuss current processes, monitoring and review needs, regulatory updates, and/or emerging risks.
•As needed, recommend compliance training to associates and third parties.
•Provide support to associates in the analysis and resolution of issues or concerns to ensure appropriate and timely resolution.
•Collaborate with management on the implementation product updates driven by regulatory changes.
•Review new products and initiatives for compliance with applicable federal and state regulations, statutes, and guidance and provide advice to business holders and stakeholders.
•Develop and implement compliance related key performance indicators for products.
•Responsible for the review of testing and monitoring plans to ensure program encompasses and effectively monitors relevant regulatory risks. Provide recommendations on areas of changing expectations and emerging risks.
•Provide assistance in other areas when needed such as product and system testing and development.
•Monitor and analyze developing trends and changes in applicable laws and regulations, including credit and payments.
•Implement and execute appropriate risk assessment processes, in conjunction with the Bank's enterprise-wide regulatory and other risk assessments.
•Report updates to management on issues to ensure awareness and to evaluate appropriate next steps for resolution.
•Responsible for adequate record maintenance and processes to document compliance efforts and risk decisions.
•Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
•Model and foster behaviors that support the Bank's values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization.
•Willingly perform all other duties and projects as assigned.
INTERPERSONAL SKILLS AND COMPETENCIES REQUIRED:
•Ability to work independently and exercise good judgment in the escalation of issues to RPG management.
•Ability to make decisions regarding compliance requirements and determine potential compliance implications for various situations.
•Must have a highly developed work ethic including self-motivation, time management, organizational, and detail orientation skills.
•Ability to manage multiple projects at once.
•Approach tasks with a sense of urgency and adhere to assigned deadlines.
•Effective communication (written and verbal) skills to adequately convey reports, findings, etc. related to job function.
PHYSICAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this position, the associate is regularly required to sit, use hands to finger, handle, or feel; and talk or hear. The associate frequently is required to stand or walk. The associate is occasionally required to reach with hands and arms. The associate must occasionally lift and/or move 10 pounds. Specific vision abilities required by this position include close vision, and distance vision. The noise level in the work environment is usually moderate.
OTHER REQUIREMENTS:
•Travel between Republic Banking facilities is required.
•Occasional out-of-town travel is required.
•Flexible work schedule that will include some evenings and weekends.
•Stay abreast of new developments, best practices, and statutory and regulatory changes.
**The above is intended to describe the general content of and requirements for the performance of this position. It is not construed as an exhaustive statement of duties, responsibilities, or requirements.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
