CRA and Assistant Compliance Officer

Foresight Bank • Winnebago, IL

14h • $60,765 - $91,094 • Onsite

About The Position

Serves as the Community Reinvestment Act (CRA) Officer and is responsible for managing the CRA Program for Foresight Bank. Assists Compliance Officer in ensuring Foresight Bank is compliant with federal and state banking regulations. Serves on a team to develop, administer, and monitor programs for compliance with laws, regulations, and rules governing operations and product offerings. Exercises discretion and independent judgment involving compliance and regulations with respect to matters of significance.

Requirements

• High school diploma or general education degree (GED)
• Minimum 5 years of bank experience
• Advanced knowledge of banking regulations and internal controls.
• Possess a valid driver’s license, reliable transportation and adequate auto insurance.

Nice To Haves

• Bachelor’s degree preferred.
• compliance or audit experience preferred.

Responsibilities

• Assists leadership in ensuring the Bank is in compliance with all banking laws, regulations and bank established internal control standards.
• Performs ongoing compliance monitoring, ensuring that areas with the greatest potential risk receive appropriate testing and review. Makes recommendations for corrective action and provides suggestions for improvement.
• Acts as an internal resource on all compliance-related matters for team members.
• Serves as the Bank’s Community Reinvestment Act (CRA) Officer and is responsible for managing the CRA Program, including but not limited to annual review of the CRA file and preparation for regulatory CRA exams as conducted. This also includes coordinating and leading the quarterly CRA Committee meetings.
• Serves as member and secretary of the Bank’s internal CALC committee.
• Assists Compliance Officer with review and monitoring of disclosures, account statements, notices, advertisements, etc.; and reviewing compliance policies, procedures, and compliance-related risk assessments.
• Assists with implementation of new products and services to ensure the Bank is in compliance with regulatory requirements.
• Assists in ensuring the timely response and documentation of customer complaints.
• May assist with coordinating compliance-related audit and examination information requests, as needed.
• May assist with duties related to Bank Secrecy Act, as needed.
• Maintains current regulatory knowledge through ongoing attendance at conferences and webinars and review of regulatory updates through various channels.
• Maintains compliance with and adhere to all state and federal regulations and bank policies and procedures, including, but not limited to Bank Secrecy Act, FACT ACT, Community Reinvestment Act, and EEO/AA/Fair Employment Practices.

Benefits

• See benefits offered by Foresight Bank, please visit our careers page: Career Opportunities | Foresight Bank [https://www.ffgbank.com/about-us/careers].

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED