Principal Compliance Officer

Minnwest Corporation•Waseca, MN

11d•Hybrid

About The Position

Administers and monitors programs for compliance with laws, regulations and rules governing operations and product offerings. Helps to ensure adequate policies and procedures for compliance exist and work effectively and efficiently for all Minnwest Subsidiaries. Prepares and submits selected regulatory compliance reports for all subsidiaries.

Requirements

Bachelor's degree (B.A.), preferably business related
5+ years bank compliance experience
Certifications to include CBAP, CCBCO, CRCM or comparable certification
Thorough banking and compliance knowledge
Experience in interpreting and applying state, federal, and agency legal and regulatory compliance requirements
Secondary Market mortgage knowledge
Strong analytical skills
Ability to multi-task and organize priorities
Develops and maintains knowledge of compliance and internal control requirements necessary to complete the job
Ability to interpret regulations and translate for other staff, considering and acknowledging impact across all areas of the business

Nice To Haves

Bank auditing experience
Bank compliance examination experience
Advanced Microsoft Office skills including Excel, Word, Outlook, PowerPoint, etc.
Experience with Fiserv Premier

Responsibilities

Assist in administering and monitoring a program that ensures Minnwest's compliance with law, regulations, and rules governing banking and related interests.
Research federal and state banking and insurance laws and regulations, review the corporation's policies and procedures to ensure compliance.
Assist in the development and maintenance of compliance policies and procedures.
Assist in providing detailed instructions to all subsidiaries describing procedures to follow.
Participate in projects, as assigned, to provide compliance guidance for product and service changes including new product rollout.
Prepare, complete and submit regulatory mandated reporting.
Assist in the completion of all regulatory exams.
Formulate practical review functions to be incorporated into operational procedures, resulting in safety, soundness, regulatory compliance and operational efficiency.
Assist in completion of annual mortgage division review & training plan development and execution.
Periodically review compliance practices in the banks and other subsidiaries to identify weaknesses and provides suggestions for corrective action.
Assist the internal auditors in developing an annual risk-based compliance audit ensuring that those areas with greatest potential risk receive appropriate audit attention.
Evaluate all marketing material, new product development, and disclosures and advertisements to ensure compliance with regulatory requirements.
Assist in preparation of periodic compliance reports to the Management Committee and Minnwest Corporation’s Board of Directors.
Review, interpret and provide assistance to managers in developing responses to exam or audit findings.
Development and delivery of annual and periodic training content, ensuring compliance topics are covered in Standard Operating Procedures, review compliance education offered to and completed by the bank and other subsidiary personnel.
Maintain knowledge and understanding of Minnwest Corporation and its subsidiaries business.
Uhold employment guidelines/ Perform all duties in compliance iwht policy, procedure and process

Benefits

Comprehensive Medical, Vision and Dental Insurance
Retirement savings including 401(k) with Employer Match and Employee Stock Ownership Plan (ESOP)
Paid Holidays and Competitive Paid Vacation Days
Paid Parental Leave
Short- and Long-Term Disability
Life, Critical Illness, and Accidental Insurance
Tuition Reimbursement and Career Development Opportunities
Employee Assistance Program (EAP)
Paid Time Off to volunteer in your community
Opportunities to connect with others through our diversity and inclusion focused Employee Resource Group