First Bank of Highland Park
Vice President Senior Compliance CRA Officer
First Bank of Highland Park, Northbrook, Illinois, us, 60065
Overview
Northbrook - NORTHBROOK, IL 60062
Salary Range:
$128,335.00 - $155,000.00 Position Type:
Regular Full-Time Category:
VP
Responsibilities This position reports to: Executive Vice President/Enterprise Risk Management
Basic Function
Primarily responsible for developing, administering, and maintaining the Consumer and CRA Compliance Management Programs to ensure compliance with all applicable laws and regulations. Will also act as the Bank’s Reg O Officer and report on the status of Reg O activity to the Board of Directors. Additionally, will administer the Bank’s insurance program, work closely with the Bank’s insurance broker, and lead the Bank’s Insurance Committee.
Essential Duties
1. Administer and maintain:
Compliance Management Program
Compliance Training Program
Compliance Risk Assessment
Self-Monitoring Program
Bank’s Insurance Program
2. Review the following:
Marketing materials to ensure compliance with applicable rules and regulations
Bank forms to ensure compliance with applicable rules and regulations
LOB Compliance monitoring reports
Compliance training reports
3. Monitor the following:
Consumer complaints to identify possible weaknesses and insufficiency of Bank policy and procedures
Results of internal and/or external audits for compliance related issues to ensure timely and accurate responses
4. Committee Responsibilities
Prepare & Chair:
Compliance Committee
CRA Committee
Insurance Committee
5. Act as Bank’s CRA Officer
Monitor Bank’s CRA service, investment, and loan activity to ensure qualifications are being met
Report status of Bank’s overall CRA efforts to the Board of Directors
Maintain Bank’s CRA Public File
Maintain and update the Bank's CRA Policy
6. Act as Bank’s Regulation O Officer
Monitor NSF activity reports for possible overdraft activity of Regulation O Insiders
Conduct Reg O compliance reviews of insider loans
Conduct annual Reg O insider survey
Report status of Bank’s overall Regulation O efforts to the Board of Directors
Maintain and update the Bank’s Reg O Policy
7. Additional Departmental Responsibilities such as:
Function as primary liaison for examiners during federal and/or state Compliance and CRA Examinations
Attend applicable regulatory training, seminars, and conferences to maintain regulatory consumer compliance knowledge
Determine effects of consumer protection laws and regulations on Bank policy, procedures, and practices
Maintain and update various consumer compliance policies
Implement changes to Bank policy, procedures, and practices to ensure compliance with consumer protection laws and regulations
Inform Bank management and lines of business regarding changes to Federal and State regulatory law
Inform Bank management regarding the outcomes of reviews and investigations to escalate concern
Nonessential Duties
Other duties as assigned
Qualifications Knowledge, Skills & Abilities
Excellent research and analytical skills
Highly organized and capable of dealing with multiple projects simultaneously
Strong written and verbal communication skills
Excellent teamwork, interpersonal and conflict resolution skills
Ability to think strategically and develop a detailed understanding of the products reviewed
Ability to learn new technologies
Excellent knowledge of all Consumer Protection Regulations
Training & Experience
Bachelor’s Degree in Economics, Finance or Business Management, or equivalent related experience
CRCM - Certified Regulatory Compliance Manager desired
5 years prior Compliance Officer experience
2 - 3 years prior CRA experience
Microsoft proficiency
Compensation
Expected Salary Range: $128,335 - $155,000 annually
Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.
Benefits First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit https://firstbankchicago.com/Employee-Benefits.
First Bank Chicago is an Equal Opportunity Employer: disability/veteran
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$128,335.00 - $155,000.00 Position Type:
Regular Full-Time Category:
VP
Responsibilities This position reports to: Executive Vice President/Enterprise Risk Management
Basic Function
Primarily responsible for developing, administering, and maintaining the Consumer and CRA Compliance Management Programs to ensure compliance with all applicable laws and regulations. Will also act as the Bank’s Reg O Officer and report on the status of Reg O activity to the Board of Directors. Additionally, will administer the Bank’s insurance program, work closely with the Bank’s insurance broker, and lead the Bank’s Insurance Committee.
Essential Duties
1. Administer and maintain:
Compliance Management Program
Compliance Training Program
Compliance Risk Assessment
Self-Monitoring Program
Bank’s Insurance Program
2. Review the following:
Marketing materials to ensure compliance with applicable rules and regulations
Bank forms to ensure compliance with applicable rules and regulations
LOB Compliance monitoring reports
Compliance training reports
3. Monitor the following:
Consumer complaints to identify possible weaknesses and insufficiency of Bank policy and procedures
Results of internal and/or external audits for compliance related issues to ensure timely and accurate responses
4. Committee Responsibilities
Prepare & Chair:
Compliance Committee
CRA Committee
Insurance Committee
5. Act as Bank’s CRA Officer
Monitor Bank’s CRA service, investment, and loan activity to ensure qualifications are being met
Report status of Bank’s overall CRA efforts to the Board of Directors
Maintain Bank’s CRA Public File
Maintain and update the Bank's CRA Policy
6. Act as Bank’s Regulation O Officer
Monitor NSF activity reports for possible overdraft activity of Regulation O Insiders
Conduct Reg O compliance reviews of insider loans
Conduct annual Reg O insider survey
Report status of Bank’s overall Regulation O efforts to the Board of Directors
Maintain and update the Bank’s Reg O Policy
7. Additional Departmental Responsibilities such as:
Function as primary liaison for examiners during federal and/or state Compliance and CRA Examinations
Attend applicable regulatory training, seminars, and conferences to maintain regulatory consumer compliance knowledge
Determine effects of consumer protection laws and regulations on Bank policy, procedures, and practices
Maintain and update various consumer compliance policies
Implement changes to Bank policy, procedures, and practices to ensure compliance with consumer protection laws and regulations
Inform Bank management and lines of business regarding changes to Federal and State regulatory law
Inform Bank management regarding the outcomes of reviews and investigations to escalate concern
Nonessential Duties
Other duties as assigned
Qualifications Knowledge, Skills & Abilities
Excellent research and analytical skills
Highly organized and capable of dealing with multiple projects simultaneously
Strong written and verbal communication skills
Excellent teamwork, interpersonal and conflict resolution skills
Ability to think strategically and develop a detailed understanding of the products reviewed
Ability to learn new technologies
Excellent knowledge of all Consumer Protection Regulations
Training & Experience
Bachelor’s Degree in Economics, Finance or Business Management, or equivalent related experience
CRCM - Certified Regulatory Compliance Manager desired
5 years prior Compliance Officer experience
2 - 3 years prior CRA experience
Microsoft proficiency
Compensation
Expected Salary Range: $128,335 - $155,000 annually
Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.
Benefits First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit https://firstbankchicago.com/Employee-Benefits.
First Bank Chicago is an Equal Opportunity Employer: disability/veteran
#J-18808-Ljbffr