Compliance Officer

OMB Bank • Springfield, MO

9h • Hybrid

About The Position

The Compliance Officer orchestrates and manages activities related to regulatory risk, serves as a strategic partner to the Chief Risk Officer and senior management on compliance matters, and acts as a liaison with government agencies. The role oversees the compliance team and helps ensure operational functions comply with relevant laws, regulations, and policies. It supports development and implementation of compliance programs, policies, reporting, and practices; manages state and federal examinations and third-party compliance reviews; and monitors upcoming regulations, laws, and legal rulings that may affect compliance needs or organizational risk. The position serves as a resource for stakeholders and team members and ensures compliance with established Bank policies and procedures.

OMB Bank is a growing, fast-paced $2.5 billion financial institution. The position requires maintaining the existing compliance program while adapting to new projects. The work environment is hybrid, combining on-site and home-office hours, with travel potentially required throughout the OMB footprint. The schedule is Monday through Friday, 8:00 a.m. to 5:00 p.m., averaging 40 hours per week, with occasional additional hours as needed.

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 protect and manage highly confidential information and materials.
• Effective time-management skills and ability to manage and prioritize multiple tasks.
• Ability to remain professional, composed, and assertive in high-pressure situations and complete requests within expected time frames or service-level agreements.
• Demonstrated self-motivation and ability to produce productive, efficient, organized, and accurate work without supervision, both independently and as part of a team.
• Excellent verbal, written, and interpersonal communication skills, including the ability to follow and communicate instructions, train personnel, write reports, correspondence, and procedures, and speak 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.
• Ability to maintain productivity standards while working independently with minimal supervision.
• Intermediate to advanced knowledge and experience with Microsoft Office, Excel, Adobe, and similar software.

Nice To Haves

• 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 remediation.
• 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.
• Support independent compliance audits and reviews, track findings, and coordinate management responses and remediation.
• Maintain documentation supporting the Bank’s compliance activities and corrective actions.
• Develop and coordinate compliance training appropriate to employees’ responsibilities, including targeted training when needs arise.
• 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.
• Oversee the compliance team and serve as a liaison with government agencies.
• Travel throughout the OMB footprint as required.

Benefits

• Paid leave, including vacation, military, bereavement, and jury duty leave.
• Medical, dental, vision, critical illness, accident, and 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.
• Work 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: Manager