Compliance Manager, Monitoring

Centier Bank•Merrillville, IN

20d

About The Position

Recognizing and valuing diversity strengthens our ability to attract, retain and engage associates and reinforces our relationship within our communities. Our associates are the most valuable asset we have. The collective sum of the individual differences, life experiences, knowledge and talent that our associates invest in their work represents a significant part of not only our culture, but our reputation and company’s achievement as well. A Centier Associate is someone who embodies a servant heart, is unaccepting of anything less than remarkable service, and is self-motivated and driven to deliver exceptional results. What are our values? Our Corporate values are Caring, Loyalty, Integrity, Friendship, Fun....who wouldn't want to work for an AWARD-WINNING company that's built on these pillars? What about the perks? Access to our Marathon Health Clinics which provide FREE visits & prescriptions, Generous Paid Time Off benefit, Tuition Reimbursement, 401K match, Associate Stock Ownership Plan, Daycare Reimbursement, FREE Onsite Fitness Center/Fitness Reimbursements, Health and Wellness Programs, the ability to have a voice with our Diversity/Equity/Inclusion Council, Career Growth, Work/Life Balance, AND MORE. Supervisory Responsibilities: Yes, they will manage a team of compliance associates. Summary: The Compliance Manager will be responsible for ensuring compliance with federal and state banking regulations, as well as all Centier Bank policies, procedures and standards. This position will be responsible for working closely with the Bank's Strategic Partners and Business Units to review contractual and regulatory compliance requirements, perform due diligence, assess compliance risks, monitor for adherence to policies and regulations, and manage compliance activities associated with changes to products, services, and/or regulations. This position will help manage the Bank’s Compliance functions to ensure operational effectiveness, adequate oversight and control of the bank’s compliance activities. The Compliance Manager will support the Chief Compliance Officer through interpretation of regulations, evaluating data and making decisions and provide recommendations and guidance to the associates as well as Senior leadership and the Business Units.

Requirements

Maintain confidentiality of sensitive information.
Ability to work well with others and in a team environment.
Ability to work through problems by listening, thinking through all issues, and responding appropriately.
Strong computer skills, proficient with Microsoft Word and Excel.
Good written and communication skills.
Highly detail oriented, well-organized and able to work independently and consistently.
Bachelors’ degree or equivalent years of experience in related compliance mgmt. role
5 years’ of experience in Compliance specific to banking and at least 2 years of prior management experience.
Must have prior bank experience, fintech experience preferred
Strong knowledge and experience with commercial and/or consumer lending
Knowledge and experience in performing internal control reviews, quality assessments, Compliance or Audit testing
Excellent verbal/written communication and strong presentation skills
Project management and organization skills required
Strong attention to detail
Must be a self-starter with the ability to work independently in a fast-paced environment, with minimum supervision to manage conflicting priorities and successfully meet established project deadlines
Team player; collaborative and interfaces effectively with other departments and Executive Management teams
High initiative and strong problem-solving skills; exhibits good judgement and able to make sound decisions

Nice To Haves

CRCM or similar certification or designation desired, but not required
Experience working with regulators

Responsibilities

Act as the primary contact for assigned Business units with respect to compliance-related matters and activities.
Oversee and monitor the Compliance Management Systems
Inform Senior Management and support teams of key developments related to regulatory compliance and determine the impact of those developments to the Bank
Ensure that existing and proposed business practices comply with policies and procedures as accomplished through origination software systems; loan pricing; marketing materials; customer correspondence; and product documents and disclosures
Stay abreast of all federal and state regulatory changes related to consumer and commercial lending, privacy, and anti-money laundering. Ensure changes are appropriately communicated and addressed
Conduct regulatory risk assessments to identify key areas of inherent compliance risk, mitigating controls, and residual risks that apply to the Bank
Identify and deploy controls that address compliance risk and document in policies and/or procedures
Prepare comprehensive documentation, including detailed workpapers and formal reports outlining findings and conclusions. Escalate issues identified during reviews and support issue documentation, tracking, and resolution.
Assist in the refinement and execution of compliance monitoring programs to test compliance controls and procedures
Review, facilitate responses to, and identify trends/systemic issues on customer complaints
Participate in audits and regulatory examinations. Assist in addressing findings and help prepare responses as requested.
Interprets regulations and provides recommendations to Department Heads and associates using experience to ensure compliance.
Improve efficiencies within the department by improving processes, procedures, and assigning new responsibilities to associates.
Assist other associates in the bank with requests or questions.
Responsible for outside regulatory engagements: coordination of associates, department heads, regulatory firm, and IT while acquiring required items for review, assisting with questions for department heads, findings and recommendations by the outside firm, exit meetings and follow-up.
Coordinates, oversees, and tracks the completion of compliance reviews and compliance reports.
Develops compliance procedures and training materials and implements the program.
Interact with Regulatory Owners specific to Regulatory Testing, which includes conversations, writing memos, and compiling memos for the Audit Committee.
Strive to provide a World-Class Service experience in every interaction.
Follow the Essentials of Excellence and exhibit the Corporate Values in both external and internal interactions.
Complete additional projects and duties, as directed