Credit Policy & Regulatory Oversight Specialist

Old National Bank•Lake Elmo, MN

34d

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. The Credit Regulatory Oversight Specialist position will have responsibilities over coordinating regulatory oversight with business lines. The specialist will work with the Credit Policy and Regulatory Oversight Director to ensure regulatory compliance and serve as a representative for the bank to regulatory, Internal Audit and Loan Review and self – identified remediation plans to meet the requirements of regulatory expectations. The role will be responsible for monitoring regulatory developments, conducting risk assessments and facilitating examination coordination. They may also be engaged in supporting audits and examinations. This role will perform portfolio analysis to assess Old National’s credit risk and coordinate interactions relating credit with external regulators and internal examiners and auditors. The annual salary range for this position is $81,700.00 - $165,100.00. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

Requirements

Bachelor’s degree or equivalent work experience and 8 years relatable credit experience.
Advances knowledge of laws, regulations and regulatory trends that impact the financial services industry.
Understanding of risk and control environments.
Knowledge of Risk/Compliance/Audit competencies.

Responsibilities

Regulatory Compliance & Examination Coordination Coordinates examinations and leads projects with collaboration from the Credit Policy Director to ensure compliance with federal, state, and local laws and regulations.
Tracks internal and external examination cycles and coordinates response recommendations with 1st Line of Defense and 2nd Line of Defense.
Serves as the point of communication with regulators, internal auditors, and examiners for assigned credit segments; resolves recommendations and MRAs.
Works with and implements directives from regulatory agencies.
Ensures compliance with regulatory requirements and guidance.
Risk Management & Policy Influence Partners with Credit Policy and Oversight team, business line leaders, Risk, and Compliance to oversee adherence to the risk management framework.
Ensures active identification, response, and/or escalation of risks as appropriate.
May influence policies and procedures in alignment with the bank’s strategic plan and risk appetite to minimize regulatory exposure.
May assist in enhancing processes and procedures as needed.
Stakeholder Engagement & Advisory Support Accountable for effective partnerships between Credit Administration, Lines of Business, and Lines of Defense.
Consults with and provides analytical support to bankers, analysts, Credit Policy Director, and Chief Credit Officer on credit issues and questions.
Actively stays abreast of regulatory developments and ensures key stakeholders are informed of changes impacting business lines or departments.
Training & Development Coordination Coordinates the identification of training needs.
Works with HR to develop or source training from external providers.
Coordinates delivery of training.