Compliance Officer (Remote)

Byline Bank•Chicago, IL

2d•$86,000 - $107,000•Hybrid

About The Position

The Compliance Officer assists with monitoring and testing components of Byline Bank’s Compliance Management System. Acting as an independent and objective expert, this role reviews and evaluates compliance issues and concerns, and assists the Board of Directors, management, and employees in ensuring that the Bank complies with federal, state, and local laws and regulations and follows company policies and procedures. The role conducts compliance testing, identifies and researches control weaknesses and compliance deficiencies, communicates findings, and works with business teams to develop and implement corrective actions. It also monitors remediation through completion, escalates overdue items, maintains knowledge of applicable laws and interpretations, and may assist with compliance responsibilities relating to mergers and acquisitions. This position supports a hybrid work environment, combining remote and in-office work, with occasional office visits based on business needs. Specific in-office days are discussed during the interview process.

Requirements

Bachelor’s degree required.
At least 5 years of progressively responsible experience in a bank or financial services company, with experience in compliance, lending/credit, audit, or risk management.
Familiarity with regulations such as EFTA, Flood, ECOA, FCRA, Regulation CC, UDAAP, Privacy, E-Sign, NACHA, TISA, TILA, RESPA, SAFE Act, CAN-SPAM, TCPA, Regulation O, Regulation II, and RFPA.
Proficient oral and written communication skills, including making presentations and preparing reports.
Ability to communicate with external regulators and accurately represent the effectiveness of the compliance program.
Ability to apply compliance principles, theories, and practices while considering industry program policies, procedures, regulations, and laws.
Knowledge and experience monitoring and testing compliance processes and procedures.
Working knowledge of management information systems terminology, concepts, and practices.
Proficiency with Microsoft Windows, Word, PowerPoint, and Excel.
Ability to analyze complex data, evaluate information, and draw logical conclusions.
Ability to collaborate with stakeholders at all levels.
Self-motivated, effective at time and project management, and attentive to detail.
Strong change management, organizational, and planning capabilities.
Ability to identify, understand, and define problems; evaluate alternatives; set priorities; manage projects; and implement high-quality solutions.
Strong organizational skills, including the ability to manage and communicate multiple projects and priorities according to organizational needs and strategies.
Strong verbal and written communication skills.

Nice To Haves

Certified Regulatory Compliance Manager (CRCM).
Active membership in community, statewide, or federal professional associations.

Responsibilities

Perform compliance testing to assess compliance with applicable banking laws, rules, and regulations, as well as bank policies and procedures covering banking products.
Identify control weaknesses and root causes of compliance deficiencies, conduct research to support regulatory findings and control weaknesses, and propose corrective action.
Communicate testing results, present identified issues to the business, collaborate on corrective action plans, and prepare written reports.
Assess the adequacy of remediation activities, monitor them through completion, and escalate past-due items.
Maintain proficient knowledge of applicable laws, regulations, and interpretations, and attend external training when necessary.
May assist with compliance responsibilities relating to mergers and acquisitions.
Collaborate with other departments to direct compliance issues to appropriate channels for investigation and resolution.
Identify potential areas of compliance vulnerability and risk; develop and implement corrective action plans and provide guidance on avoiding or addressing similar situations.
Perform other duties as assigned.