Compliance Officer

AmeriServ Financial Bank•Johnstown, PA

About The Position

The Compliance Officer develops, implements, and oversees the institution’s regulatory compliance program, with a primary focus on Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) obligations. The role ensures compliance with applicable federal and state consumer protection and fair lending requirements, accurate mortgage data reporting, and a satisfactory record of serving the credit needs of the entire community, including low- and moderate-income individuals and geographies. The position oversees CRA performance across lending, investment, and service tests; maintains the CRA Public File; reviews assessment areas; coordinates and documents community development activities; and prepares for CRA examinations. It also manages HMDA compliance, including Loan Application Register collection, accuracy, submission, retention, and data integrity reviews. The Compliance Officer develops fair lending controls, monitors lending patterns, coordinates reviews and remediation, maintains written compliance policies and procedures, provides staff training, conducts compliance testing, reports to senior management and the Board, tracks regulatory changes, and serves as the primary regulatory contact for CRA and HMDA matters. This position has no employee supervisory responsibility. It operates in a professional office environment and requires no travel except for possible training and conferences. Duties and responsibilities may change with or without notice.

Requirements

A bachelor’s degree and five years of bank-related experience, or a high school education/GED and eight years of bank-related experience in lieu of a bachelor’s degree.
Database program experience.
Communication proficiency, strong computer skills, analytical skills, deadline orientation, organizational skills, independent judgment, and ethical conduct.

Nice To Haves

Banking experience in Compliance, Audit, or Operations is preferred.

Responsibilities

Oversee the institution’s CRA program in accordance with applicable FDIC and Federal Reserve regulations.
Monitor and evaluate CRA performance across lending, investment, and service tests.
Maintain and update the CRA Public File as required by regulation.
Delineate and review facility-based and retail lending assessment areas annually.
Coordinate community development lending, investment, and service activities to support CRA performance.
Track and document community development loans, investments, and services, including relevant impact indicators.
Prepare for and manage CRA examinations conducted by the appropriate federal banking regulator.
Monitor CRA ratings and ensure corrective action plans are in place for specified adverse findings.
Collect and report annual facility-based and retail lending assessment area data to the appropriate regulator by April 1 each year.
Oversee HMDA compliance in accordance with Regulation C.
Ensure accurate and timely collection, recording, and reporting of the Loan Application Register (LAR).
Certify and submit the annual LAR to the appropriate federal agency by March 1 following each calendar year.
Ensure quarterly LAR submissions within 60 calendar days after quarter-end when the institution meets the quarterly reporting threshold.
Maintain LAR records for at least three years following submission.
Ensure required HMDA data fields are accurately captured, including LEI, Federal Taxpayer Identification Number, and contact information.
Conduct periodic HMDA data integrity reviews and self-assessments.
Coordinate with mortgage lending staff to support proper data collection at the point of application.
Develop and maintain a fair lending compliance program to identify and mitigate potential disparities in lending practices.
Monitor lending patterns for potential ECOA, Fair Housing Act, and Regulation B compliance issues.
Conduct periodic fair lending risk assessments and file reviews.
Analyze HMDA data for potential disparate impact or disparate treatment concerns.
Coordinate with legal counsel and senior management on fair lending findings and remediation.
Develop, implement, and maintain written compliance policies and procedures.
Conduct and coordinate compliance training for applicable staff, including mortgage originators, underwriters, and community development personnel.
Perform compliance monitoring and testing across consumer protection regulations.
Prepare and present compliance reports to senior management and the Board of Directors.
Manage regulatory examination preparation and responses.
Track regulatory changes and assess their impact on institution operations and policies.
Serve as the primary point of contact for regulatory agencies on CRA and HMDA matters.