Responsibilities and Duties:
* Participating in the development and implementation of policies, procedures, and controls to ensure compliance with existing laws, regulations, and industry best practices
* Keep informed of regulatory changes and updates by reading bulletins, circulars, and other pronouncements from CFPB, OCC, Federal Reserve, FDIC, and State Regulatory agencies.
* Conduct internal reviews of current laws and regulations for business impact; and in collaboration with assigned business line units, identifying and assessing compliance risks and evaluating the adequacy of mitigating controls.
* Assist in the development of compliance programs by maintaining files, training necessary bank staff, assisting in relevant internal audits and follow-up of those audits
* Disseminating appropriate regulatory information to affected bank personnel, to include helpful guides and aids to assist in the understanding of the act and locating and sharing efficient ways to achieve compliance.
* Review marketing materials to ensure regulatory compliance is maintained
* Participate in the development of compliance training administered by the Compliance Department; and review and approve compliance content of training materials and manuals developed, maintained, and administered by assigned business line units.
* Ensures appropriate record entries are made on the HMDA and CRA loan/application registers (LAR) within thirty calendar days after the end of the calendar quarter.
* Reviews and assists in certifying the accuracy of HMDA/CRA data submitted to the institution's processing agency at year-end.
* Keep a record of the Bank's Community Development loans, services, investments, and donations
* Develops new programs for changes or new regulatory requirements
* Other duties may be assigned.
Education and Experience Qualifications:
College Degree preferred. Minimum of 3 years of experience in the consumer compliance banking environment. Good understanding of consumer compliance regulatory laws and acts, i.e. Home Mortgage Disclosure Act, Community Reinvestment Act, Flood Disaster Protection Act, Truth-in-Lending Act, Truth-in-Savings Act, etc.