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Compliance Officer, VP

Summary

Title:	Compliance Officer, VP
ID:	1057
Department:	Legal

Description

Compliance Officer

Corporate Title:        VP
FLSA:                        Exempt
Department:             Compliance
Reports to:                General Counsel

Position Summary:

•   Research current regulatory compliance issues.
•   Disseminate compliance topics/materials to business units in summary form and in detail.
•   Review and provide written sign-off for new and changes to existing products, services, systems,
     processes and documentation for adherence to laws/regulations.
•   Answer business unit questions on compliance topics including implementation strategy.
•   Answer functional compliance personnel (i.e. BSA Officer, CRA Officer, etc.) questions
     including implementation and monitoring strategies.
•   Review training materials and practices to ensure regulatory compliance coverage is   accurate and adequate.
•   Independently review processes and individual transactions for adherence to laws and regulations
    and report the results of testing to management with timely follow-up.
•   Provide written and verbal reports to the Finance and Audit Committees and the Board of
    Directors on the status of internal controls in place to mitigate against regulatory compliance risks
    as well as the status of business unit implementation of new regulatory requirements.
•   Conduct Management Compliance Committee meetings composed of key operating officers to
     increase the flow and technical assistance on compliance matters and conduct periodic meetings
    to ensure that compliance issues are being addressed.
•   Provide an annual enterprise-wide BSA/USAPA/OFAC self-assessment.
•   Conducting and monitoring the on-line training of the Carver Federal Savings Bank staff.
•   Assisting the BSA Officer in providing interpretation and guidance regarding BSA/AML policies
    and procedures.

Requirements

Thorough knowledge of Banking Rules and Regulations.
Excellent organizational and administrative skills.
Ability to make sound, risk-based judgments on a day-to-day basis regarding assignments, control issues, and best practices.
Excellent verbal and written communication skills.
Excellent PC skills: MS Office products, LAN, banking applications.
Ability to evaluate and implement internal controls.
Awareness of Fraud Prevention and Detection procedures.
Ability to foster teamwork within the department and throughout the corporation.

Background/Experience

6 years of regulatory compliance examination or compliance officer experience.
6 years of bank audit experience.

This opening is closed and is no longer accepting applications