Compliance Officer

Merchants Bank•Hastings, MN

35d•$80,300 - $100,400•Onsite

About The Position

Merchants Bank has an opening for a Compliance Officer. This on-site position can work from any of our Merchants Bank branch locations in Minnesota or Wisconsin. This position will provide leadership for the Compliance function by conducting research, working with a variety of systems, and with team members. Will supervise the Compliance Specialist. Duties include working with compliance audits (internal and external), sending out requests, gathering information, reviewing reports and findings, and training employees. This role will serve as the company CRA Officer, work on annual risk assessment, and oversee the outsourced MERS audit. Will stay current on compliance and audit information as well as new laws and regulations. Some travel required.

Requirements

Bachelor's degree in Business, Finance, Accounting, Economics, Risk Management or related field required.
Minimum of five years of progressive responsible banking compliance experience.
Demonstrated knowledge of federal consumer protection regulations, and compliance risk management practices.
Must be willing to be flexible and adaptable.
Must be prepared to learn new regulations and laws.

Nice To Haves

Certified Regulatory Compliance Manager (CRCM) designation preferred.
CAMS, CFE, CIA, or other relevant certifications are desirable.
Experience interacting with federal and state regulatory agencies preferred.

Responsibilities

Provide supervision and leadership for Compliance Specialist to ensure growth of the personnel and meeting all expectations of the Companies Compliance Program.
Responsible for relationship and working through all Compliance Audits, including external, as well as exams. Includes sending out request lists, gathering and indexing all required documents, working with our external Auditors/Examiners during the audit, reviewing draft report and working with employees for responses, actions, review final report, train employees as needed on findings and track completion of actions.
Fair Lending audit review the RATA reports and complete research to determine we have no fair lending issues.
Will be the company CRA Officer. Responsible for CRA communication, preparation, review and exams. Work with Compliance Specialist to maintain public file, volunteer hours, donations, investments, maps, community development loans, etc. Complete quarterly CRA review.
Work with Chief Risk Officer on annual risk assessment completion.
Oversee completion of outsourced MERS audit and work with mortgage team on completion.
Complete following audits as scheduled
Complete annual progress report.
Provide necessary research for laws and regulations.
Assist with training staff on different laws, regulations and procedures.
Stay current on compliance and audit issues as they pertain to banking via training and self-education.
Run Compliance Officer meetings and attend strategic alignment meetings and present as needed.
Review marketing materials for compliance.
Answer compliance questions of employees.
Regular and dependable attendance is an essential function for this job.
Employee will be expected to contribute to a positive working environment through words and actions.
Employee will be expected to greet internal and external customers in a friendly and outgoing manner.
Employee will be expected to complete compliance and product knowledge assignments in a timely manner.