Compliance/Cra Officer

Description

SUMMARY: The primary responsibility of this position is to manage and oversee the institution's

Compliance function, which is integral to the Bank's internal controls structure. The Compliance

Officer will administer the Bank's Compliance program which encompasses several high-risk areas

such as Community Reinvestment, Fair Credit Reporting (FCRA), Real Estate Settlement (RESPA), Equal

Credit (Reg. B), Truth-In-Lending (TILA), and Home Mortgage Disclosure (HMDA) and all other

pertinent federal and state regulations.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Monitor and ensure compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations
• Maintain a current knowledge of applicable laws, regulations, and issues.
• Monitor legislative and regulatory developments for the bank and report important changes in compliance issues to management and other bank personnel including changes that may impact information systems.
• Monitor and/or audit loan files, deposit accounts, disclosures, and advertisements prior to publication for compliance with federal regulations. This will assist in assessing the effectiveness of bank compliance efforts.
• As the CRA Officer, this individual is responsible for the update of the assessment area and public files as well as maintaining a file of CRA loans, services, and investments for the bank.
• Co-ordinate and oversee Regulatory Compliance and CRA exams and ensure items are provided accurately and timely to examiners.
• Aid the audit outsource function in order to facilitate completion of the audit plan relating to compliance areas of the Bank.
• Review and update applicable policies submitted to the Board of Directors as needed, but not less than annually.
• Assist management with the development and implementation of compliance policies and procedures.
• Coordinate scheduled compliance audits and examinations with formulation of corrective actions in deficient areas.
• Provide compliance training to employees in their respective areas of the Bank.
• Report to the Board of Directors (or committee thereof) on the compliance function of the institution.
• Research regulatory issues and respond to compliance questions from bank personnel, utilizing legal and regulatory reference manuals, consulting bank counsel, and contacting professional associations and organizations as appropriate.
• Assist bank management with the handling of substantive consumer complaints against the bank, working with legal counsel and regulatory agencies when appropriate.
• Review bank forms, notices, brochures, and advertisements for compliance with laws and regulations, coordinating with legal counsel, marketing and forms design personnel, and others as needed.
• Participate in meetings and committees for the development of new products and services and modification of existing ones.
• Support other risk management functions of the institution as needed, which may include but is not limited to responsibilities in the following functions BSA, security, internal audit coordination, and fraud cases.

Requirements

• Proficient in the use of Microsoft Excel, Microsoft Word, Bank information systems and software.
• Must have general knowledge of compliance requirements for all federal and Ohio banking laws and regulations.
• Communicate effectively both verbally and in writing with peers, managers, executives and various groups, and departments.
• Must have the ability to read and interpret general business and technical documents and write routine reports and detailed business correspondence.
• Bachelor of Science degree preferred. Specific training in compliance procedures with current or in process certification in compliance required. CRCM preferred.
• Five or more years of relevant work experience in bank regulatory compliance and CRA required with 1-3 years of compliance management experience preferred. 2-3 years in lending experience helpful.