SVP, Director, Compliance & CRA Officer

Vast Bank•Tulsa, OK

116d•Onsite

About The Position

The SVP, Director, Compliance & CRA Officer assures compliance with company policies and procedures and applicable state and federal banking regulations, including the Bank’s BSA/AML/OFAC Program and Consumer Compliance requirements. The role oversees the Bank’s Consumer Compliance and Safety and Soundness program, leads its CRA compliance and regulatory functions, and helps ensure the Bank operates in accordance with applicable legal and regulatory requirements. The position also provides legal advice and counsel to the residential and consumer departments. The officer develops and maintains the Bank’s Compliance Plan and CRA Plan, policies, review procedures, risk assessments, training, reporting, and examination readiness. Responsibilities include monitoring regulatory changes and compliance reports, validating HMDA data, investigating potentially suspicious activity, coordinating examinations and audits, advising senior leadership and the Board, and leading the Compliance/CRA Committee. The position supports community outreach and CRA programs, including financial literacy, homeowner counseling, and affordable housing initiatives. The role requires a significant level of trust, diplomacy, discretion, and communication with executives, employees, customers, vendors, regulators, and the Board. Work is primarily sedentary in an indoor, climate-controlled shared work area. The employee must be able to use routine office equipment and a computer, sit, stand, and bend, occasionally lift up to 10 pounds, and climb or descend stairs in an emergency. Extended hours or off-site travel may be required when requested by management.

Requirements

Five to ten years of experience in Compliance and CRA.
Bachelor’s degree in Business, Finance, Accounting, or a related field.
Compliance certifications from National Compliance School.
Strong communication skills, including the ability to explain work to executives and give clear instructions to teams and departments.
Organizational skills, including effective time management and prioritization of tasks with regulatory deadlines.
Attention to detail and the ability to ensure work is accurate and error-free.
Business skills, including estimating work and planning, scheduling, and coordinating activities.
Problem-solving skills and the ability to identify and promptly report risks or serious concerns to senior management.
Decision-making skills, including allocating resources and influencing teams while considering organizational goals and business impacts.
Ability to exercise discretion and diplomacy when handling sensitive or highly confidential matters.
Ability to work independently or with limited supervision, and effectively as part of a team.
Ability to read and carry out written instructions, follow oral instructions, perform basic mathematical calculations, spell accurately, and understand computer basics.
Ability to speak clearly and deliver information in a logical and understandable sequence.
Ability to deal calmly and professionally with people of diverse cultures and at different organizational levels, while exercising discretion and providing customer service.
Ability to work under deadline pressure while maintaining accuracy and quality, and to handle multiple, simultaneous, and changing priorities.
Ability to bend, sit, and stand for primarily sedentary work; occasionally lift up to 10 pounds; and climb or descend stairs in an emergency.
Ability to operate routine office equipment, including computer terminals and keyboards, telephones, copiers, facsimile machines, and calculators.
Ability to routinely work at a computer for an average of 6–8 hours per day when necessary.
Ability to work extended hours or travel off site when required or requested by management.
Ability to maintain regular, reliable, and timely attendance.

Responsibilities

Develop and implement an overall Compliance Plan and CRA Plan to ensure compliance with applicable state and federal laws, rules, and regulations.
Maintain documentation of CRA volunteer activities, qualified charitable contributions, and investments.
Work with Executive Managers to develop community outreach programs, including homeowner and foreclosure-prevention counseling and financial literacy training.
Validate HMDA data and produce monthly reports.
Serve as the onsite liaison for internal audits and state and federal examinations relating to compliance matters, excluding safety and soundness.
Monitor compliance surveillance and exception reports.
Conduct periodic internal account and customer reviews to identify potentially suspicious activity, and document investigation steps accurately.
Review reporting systems and recommend ways to optimize them.
Develop and update BSA/AML/OFAC training materials and forms for personnel and management.
Attend compliance schools and information sessions; report requirements to management and train departmental heads as needed.
Assist company and divisional management in understanding and addressing applicable laws and regulations.
Develop and maintain corporate compliance policies and establish compliance review procedures.
Coordinate inter- and intra-departmental activities, resolve BSA/Compliance inquiries or issues, and participate in internal committees as assigned.
Conduct special studies to identify potential exposure to existing or pending compliance regulations and work with appropriate staff on responses.
Chair the Compliance/CRA Committee, which meets at least quarterly, and recommend committee membership to Executive Management.
Recommend CRA programs and initiatives, services, investments, and contributions to Senior Management, including opportunities such as Federal Home Loan Bank programs.
Develop a program encouraging Senior Management to volunteer financial expertise to appropriate nonprofit organizations in support of CRA objectives and the Bank’s Strategic Plan.
Monitor changes in laws and regulations and provide information to Senior Executives and the Board of Directors as appropriate.
Review policies, procedure manuals, and marketing materials for compliance, and ensure Board review and approval as appropriate.
Maintain a schedule for cursory examinations of compliance requirements and identify control deficiencies, duplicated effort, untimely responses, or noncompliance.
Establish risk assessments and mitigating factors.
Prepare and update compliance policies for periodic Board review and approval, and provide periodic Compliance and CRA reports to the Board.
Serve as legal counsel to residential mortgage and consumer loan lines of business and retail branches, including reviewing trusts, powers of attorney, and customer deposit-account issues.
Ensure the Board receives periodic Compliance training and develop, with Human Resources, a program to provide needed compliance training to bank officers and employees.
Comply with applicable laws and regulations, including the Bank Secrecy Act, the Patriot Act, and Office of Foreign Assets Control requirements.