Job Description

Job Description

Job Description

Job Description:

The Bank Compliance/CRA Officer ensures full compliance with laws, regulations, and professional standards. They develop policies, conduct audits, provide guidance, and monitor effectiveness. They oversee Community Reinvestment Act (CRA) requirements and interact with regulators.

Key Responsibilities:

1. Develop, implement, and update policies and procedures to ensure ethical and lawful conduct throughout the bank's operations.
2. Stay up-to-date with new legislation, regulations, and directives, and incorporate them into the bank's compliance review procedures.
3. Manage the day-to-day operation of the Compliance Program.
4. Advise and train bank personnel on compliance matters, including laws, regulations, and internal policies.
5. Conduct regular compliance audits, risk assessments, and investigations, and prepare reports with recommendations.
6. Ensure the bank meets the requirements of the Community Reinvestment Act (CRA), including preparing CRA public disclosures, coordinating with auditors, and training staff on CRA obligations.
7. Continuously monitor the performance of the Compliance Program and take steps to enhance its effectiveness.
8. Address alleged violations by evaluating and initiating investigative procedures.
9. Collaborate with other departments to address compliance issues and facilitate investigations.
10. Interact with regulatory agencies, providing information and submitting required reports and certifications.
11. Stay informed about industry changes, trends, and best practices, and assess their potential impact on the bank's processes.
12. Develop and implement comprehensive training programs to educated bank staff and board members on relevant laws, regulations and industry standards.
13. Create training materials, presentations, and workshops that effectively communicate regulatory requirements and their practical implications for different departments and roles within the bank.
14. Maintain documentation of training activities, including attendance records, training materials, and evaluations, to demonstrate compliance efforts and support regulatory audits or inquiries.

Required Skills and Qualifications:

1. Bachelor's degree in Finance, Business, or a related field; a Juris Doctor (JD) or Certified Regulatory Compliance Manager (CRCM) credential is advantageous.
2. Proven experience in a compliance role within the banking or financial services industry.
3. Thorough knowledge of banking laws and regulations, including the Community Reinvestment Act (CRA).
4. Meticulous attention to detail and strong problem-solving abilities.
5. Excellent interpersonal and communication skills to effectively interact with individuals at all organizational levels and regulatory bodies.
6. Proficient in risk assessment, control, and governance frameworks and practices.
7. Ability to handle sensitive information with confidentiality.
8. Strong leadership skills to ensure employee compliance with legal and company guidelines.
9. Proficiency in Microsoft Office Suite and banking-related software.

Work Environment:

This role primarily operates in a professional office environment and utilizes standard office equipment. Some travel may be required for meetings, training, or conferences.

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