Compliance Officer

OMB Bank • Springfield, MO

1d • Hybrid

About The Position

The Compliance Officer orchestrates and manages activities that help OMB Bank comply with applicable laws, regulations, and policies. The role serves as a strategic partner to the Chief Risk Officer and senior management on compliance matters, oversees the compliance team, liaises with government agencies, and works with internal and external stakeholders to support organizational goals. Responsibilities include developing and implementing compliance programs, policies, reporting, and practices; managing state and federal examinations and third-party compliance reviews; and monitoring regulatory developments that may affect the Bank’s compliance needs or risk. The officer also serves as a resource for stakeholders and team members and ensures compliance with Bank policies and procedures.

OMB Bank is a fast-growing, locally owned $2.5 billion financial institution. The position is suited to someone able to adapt to new projects while maintaining the existing compliance program. The work is hybrid, combining onsite work at 3110 S Delaware Ave, Springfield, MO 65804, with home-office hours. The stated schedule is Monday through Friday, 8:00 pm–5:00 pm, averaging 40 hours per week, with occasional additional hours as needed. Travel may be required throughout OMB’s footprint.

Requirements

• Bachelor’s degree; prior compliance experience is preferred.
• Four or more years of previous experience in banking or finance risk management is preferred.
• Advanced knowledge of federal, state, and other governing-agency regulations and requirements related to bank processing and transaction monitoring.
• Ability to manage and prioritize multiple tasks effectively.
• Ability to remain professional, composed, and assertive, including in high-pressure situations, and to ensure requests are completed within expected time frames or service-level agreements.
• Self-motivation and the ability to produce productive, efficient, organized, and accurate work independently and as part of a team, with minimal supervision.
• Excellent verbal, written, and interpersonal communication skills; ability to apply common sense, instruct others, train personnel, write reports, correspondence, and procedures, and communicate clearly with customers and employees.
• Ability to apply strategic planning, activity coordination, and problem-solving techniques to complex, multifaceted issues in non-standardized situations.
• Excellent customer service and communication skills.
• Strong leadership and team management skills.
• Strong mathematical, problem-solving, and computer skills.
• Excellent attention to detail and organizational skills.
• Ability to apply and enforce regulatory standards for ethical behavior, confidentiality, and information security.
• Intermediate to advanced knowledge and experience with Microsoft Office, Excel, Adobe, and similar software.

Nice To Haves

• Experience working for a financial institution of equal or greater size.
• Prior compliance experience.
• Four or more years of previous experience in banking or finance risk management.

Responsibilities

• Maintain a compliance management program appropriate to the Bank’s size, complexity, products, services, and risk profile.
• Develop and update the compliance risk assessment and annual monitoring plan.
• Maintain compliance policies and work with business units to develop procedures and controls.
• Provide independent oversight and challenge while supporting business units’ responsibility for day-to-day compliance.
• Identify compliance resource, training, and technology needs and recommend improvements.
• Monitor regulatory developments, evaluate their impact on the Bank, and communicate relevant changes to management and affected departments.
• Coordinate implementation of new or revised requirements, including changes to policies, procedures, systems, disclosures, and training.
• Advise business units on compliance questions involving deposit accounts, lending, servicing, payments, advertising, and customer communications.
• Review proposed products, services, and operational changes before implementation.
• Conduct or coordinate risk-based compliance monitoring and testing; review transactions, disclosures, notices, advertisements, and operational practices.
• Document monitoring findings, communicate results, establish corrective action plans with responsible managers, track issues through resolution, and validate corrective actions.
• Escalate significant violations, repeat findings, overdue corrective actions, and emerging risks.
• Oversee compliance activities involving consumer deposit and lending requirements, privacy, credit reporting, and unfair, deceptive, or abusive acts or practices.
• Administer or coordinate the fair lending compliance program, including risk assessments, monitoring, and review of lending practices.
• Coordinate Home Mortgage Disclosure Act responsibilities, as applicable, including data integrity reviews and reporting.
• Review customer complaints for compliance concerns, recurring patterns, and opportunities to improve customer treatment.
• Partner with the Community Reinvestment Act team on reports and work with regulatory agencies.
• Serve as a primary contact for consumer compliance examinations and related information requests; coordinate examination preparation and responses with management and business units.
• Support independent compliance audits and reviews, track findings, coordinate management responses and remediation, and maintain supporting documentation.
• Develop and coordinate compliance training appropriate to employees’ responsibilities, including targeted training when regulatory changes, monitoring results, or complaints indicate a need.
• Prepare management and Board or committee reports on compliance risk, monitoring results, complaints, regulatory changes, and corrective action status.
• Promote accountability, ethical conduct, and timely escalation of concerns.
• Protect and manage highly confidential information and materials.
• Travel throughout OMB’s footprint as required.

Benefits

• Paid vacation leave.
• Paid military leave.
• Paid bereavement leave.
• Paid jury duty leave.
• Medical insurance.
• Dental insurance.
• Vision insurance.
• Critical illness insurance.
• Accident insurance.
• Supplemental life insurance with AD&D.
• 100% match of retirement savings, up to the plan limit.
• Discounted financial service fees on select OMB products and services.
• An environment where employees are appreciated and recognized for individual efforts and contributions.
• Stability with a locally owned community bank that is growing and expanding in the region.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior