Compliance Officer

Coastal Community Bank•Madison, MS

1d•Onsite

About The Position

The Compliance Officer III- Advisory reports directly to the Director, Compliance Advisory and plays an important role supporting assigned Bank Business Lines and/or BaaS FinTech Partners. The Compliance Officer III is responsible for helping to oversee and enhance the compliance management system (CMS) of the Bank, ensuring that it aligns with the Bank's growth strategy and risk appetite. The Compliance Officer III will help oversee the Bank and/or CCB FinTech Division (CCBX) Compliance Program and works directly with Bank Business Line and/or BaaS FinTech Partner senior staff and/or leadership to provide strategic regulatory compliance advice and problem solving expertise. As the Compliance Officer III you will support the development and enhancement of compliance processes, technology, and reporting to ensure that the Advisory Compliance group operates both efficiently and effectively mitigating compliance risk.

Requirements

Extensive knowledge of financial services, BaaS, deposit, lending, and privacy compliance laws and regulations (e.g., Regulation E, Truth in Savings Act, Unfair, Deceptive or Abusive Acts or Practices, FACTA, Reg Z-Truth in Lending, Regulation B-Equal Credit Opportunity Act, Fair Credit Reporting Act).
Ability to build rapport and develop strong internal and external partnerships.
Ability to succinctly and effectively present information and respond to questions from Bank Business Lines, FinTech Partners, and Compliance Leadership.
Demonstrated decision-making skill under demanding situations while dealing with complex issues involving competing interests.
Can interpret a variety of instructions furnished in written or oral form and translate requirements to direct reports.
Strong analytical, problem-solving skills and abilities with strong attention to detail and accuracy.
Capacity to multitask while working on long-term projects while maintaining the ability to focus on critical deliverables.
Proven ability to prepare documents and compose memos, compliance program documents, and/or Bank-wide policies and procedures.
Strong organization, time management and project management skills.
Ability to work independently and with a team.
Experience in attracting, developing, and retaining key talent.
Ability to research and interpret data from various sources.
Comprehensive knowledge of Microsoft Office Products. Can build proficiency in other software solutions used by the Compliance group.
Dedication to integrity, producing high quality results, and meeting deadlines.
Actively learns, demonstrates, and fosters the Bank’s core values and culture in all actions and words.
Willing to follow and comply with all applicable regulatory compliance laws.
Humility, integrity, and a killer sense of humor; you take your work seriously but not yourself.
10+ years of relevant experience in compliance, risk management, audit, or legal roles in the financial services industry preferably with some Fintech exposure; or proven success in current role at Coastal with strong references.
Bachelor’s degree or equivalent combination of education, professional certification and/or experience.
Certified Regulatory Compliance Manager (CRCM) designation, or ability to obtain in one year.
Leadership experience in compliance, risk management, audit, and regulatory examination processes and activities.

Responsibilities

Develop, administer and monitor the implementation of a CMS that provides assurance over the Bank’s compliance with all applicable laws and regulations applicable to its operations and product offerings particularly those of Bank Business Lines and/or BaaS FinTech Partners.
Monitor external resources for emerging regulatory compliance trends or changes to the compliance environment; assess applicability to Bank Business Lines and/or BaaS FinTech Partners, and effectively lead the implementation of the change.
Assess the compliance risk needs of Bank Business Lines and/or BaaS FinTech Partners in response to growth and evolving business activities and help support the Advisory Compliance Program accordingly.
Maintain proficient knowledge of and ensure Bank Business Lines and/or BaaS FinTech Partners activities are performed in compliance with state and federal banking laws and regulations applicable to assigned areas of oversight.
Serve as subject matter expert to provide compliance advice and guidance to Bank Business Lines and/or BaaS FinTech Partners while addressing any compliance questions.
Effectively communicate with BaaS FinTech Partners, peers, Compliance Leadership, and/or process owners so that all stakeholders are informed about compliance requirements and have the awareness to work together to mitigate compliance risk exposure.
As requested, liaise with external parties such as Federal or State bank examiners, external auditors, and outside consulting firms regarding the Bank’s compliance function.
Oversee complaint analysis of assigned Bank Business Lines and/or BaaS FinTech Partners by researching, gathering documentation, drafting complaint responses, tracking, and reporting on complaints.
Oversee issue management for assigned Bank Business Lines and/or BaaS FinTech Partners, including the identification and dissection of issues to identify the root cause, risks, recommendations, and remediation efforts.
Lead Compliance risk assessments of assigned for assigned Bank Business Lines’ and/or BaaS FinTech Partners' new or modifications to product and service offerings to identify any compliance related issues and/or new regulatory requirements.
Support the development and recommend approval of compliance policies, ensuring that standards, procedures, and guidelines comply with applicable laws and regulations, the Bank’s risk appetite, tolerances, and policies.
Research laws and regulations as needed or when unique circumstances arise.
Independently investigate and act on matters related to compliance and risk.
Lead the collection of information for regulatory examinations and compliance-related audits related to Bank Business Line and/or BaaS FinTech Partner compliance.
Support post-examination follow up and oversee corrective actions.
Work with the Director, Compliance in the preparation and presentation of clear and concise reporting to Compliance Leadership.
Report to the Director, Compliance on a regular basis, providing status updates related to the oversight of Bank Business Lines and/or BaaS FinTech Partners.
May prepare or support the filing for federal, state, and local regulatory agencies.
Keep informed and maintain knowledge of all applicable bank regulations for assigned job function through research, training and/or coursework.
Provide internal service in accordance with Coastal Core Values.
Support other key compliance and risk management projects as needed.
Perform additional duties as assigned.