Senior Compliance Advisor

Old National Bank•Chicago, IL

23h

About The Position

Old National Bank has been serving clients and communities since 1834, with over $70 billion in total assets. The bank is deeply rooted in the communities it serves, committed to social responsibility, and invests in communities through volunteering and charitable giving. Old National seeks highly motivated and talented individuals, offering competitive compensation, medical, dental, and vision insurance, 401K, continuing education opportunities, and an employee assistance program. The bank also supports Impact Network Groups to drive engagement and inclusion. The Senior Compliance Advisory Services Officer will be the primary Compliance Department point of contact for assigned lines of business and/or regulatory topics. This individual is responsible for proactively advising on federal and state regulatory compliance matters, ensuring the Corporate Compliance Program's implementation, and promoting a strong compliance culture. This senior-level role reports to the Compliance Advisory Services Manager and is part of the Compliance/Risk Management team, interacting regularly with business management, other Compliance and Risk team subject matter experts, and internal legal counsel.

Requirements

Bachelor's degree (preferred), or equivalent work experience
Minimum of 10 years of relevant regulatory compliance experience in the Banking or related industry, with progressive responsibility
Strong technical understanding of applicable banking laws, federal and state regulations, and regulatory guidance as they apply to banking products, services, policies and procedures
A solid understanding of compliance risk management principles and regulatory expectations
Demonstrates conceptual thinking and analytical skills
Advanced problem-solving skills with the ability to define problems, analyze the variables and propose solutions
Strong verbal, written and presentation communication skills
Ability to create and present written reports
Strong work ethic, attention to detail, strong time management skills, works well under deadlines, ability to multi-task
Ability to build and maintain strong working relationships with business partners, teammates, and stakeholders
Required competency with Microsoft Office Suite products and general end-user computing applications

Nice To Haves

Bachelor's degree
Certified Regulatory Compliance Manager (CRCM)

Responsibilities

Overseeing the effectiveness of the Line of Business Compliance Program
Working with the line of business to complete and maintain current compliance risk assessments
Ensuring appropriate business policies and procedures for applicable regulatory requirements
Conducting ongoing monitoring related to key compliance risks
Assessing regulatory compliance training needs for the assigned businesses, reviewing course content, and ensuring appropriate role assignments
Investigating root causes of compliance findings (issues) and compliance-related complaints to identify trends and ensuring appropriate corrective action is taken
Ensuring business process or system changes address regulatory requirements
Reporting and escalating concerns to Compliance and line of business management
Proactively work with business personnel and stakeholders to mitigate compliance risk
Serve as the regulatory compliance subject-matter-expert to the line of business for: Researching and advising on general compliance questions
Supporting the development of strategic projects and initiatives
Assessing the impact of, and helping define action plans for, implementing regulatory changes, new supervisory guidance, and industry enforcement action trends
Reviewing proposed changes to compliance related policies and procedures
Assisting the line of business in determining actions to address compliance findings
Maintain current knowledge of applicable laws, regulations, and industry trends
Evaluate changes in industry practice and legal/regulatory requirements and ensure that timely appropriate action is taken
Assist, as needed, in preparations for compliance regulatory exams and internal audits related to assigned areas, including gathering and reviewing of all requested information and/or assisting in responding to questions
Provide ongoing reports to the Compliance Advisory Services Manager, the assigned line of business management team and any governance committees on relevant compliance risk topics