First Bank of Highland Park · 3 weeks ago
Vice President Senior Compliance CRA Officer
Northbrook - NORTHBROOK, IL 60062
Full-time
Onsite
Mid, Senior Level
$128K/yr - $155K/yr
5+ years expFirst Bank of Highland Park is seeking a Vice President Senior Compliance CRA Officer to oversee the Consumer and CRA Compliance Management Programs. The role involves ensuring compliance with laws and regulations, acting as the Bank’s Reg O Officer, and managing the Bank’s insurance program.
Financial Services
Responsibilities
Administer and maintain:
Compliance Management Program
Compliance Training Program
Compliance Risk Assessment
Self-Monitoring Program
Bank’s Insurance Program
Review the following:
Marketing materials to ensure compliance with applicable rules and regulations
Bank forms to ensure compliance with applicable rules and regulations
LOB Compliance monitoring reports
Compliance training reports
Monitor the following:
Consumer complaints to identify possible weaknesses and insufficiency of Bank policy and procedures
Results of internal and/or external audits for compliance related issues to ensure timely and accurate responses
Committee Responsibilities
Prepare & Chair:
Compliance Committee
CRA Committee
Insurance Committee
Act as Bank’s CRA Officer
Monitor Bank’s CRA service, investment, and loan activity to ensure qualifications are being met
Report status of Bank’s overall CRA efforts to the Board of Directors
Maintain Bank’s CRA Public File
Maintain and update the Bank's CRA Policy
Act as Bank’s Regulation O Officer
Monitor NSF activity reports for possible overdraft activity of Regulation O Insiders
Conduct Reg O compliance reviews of insider loans
Conduct annual Reg O insider survey
Report status of Bank’s overall Regulation O efforts to the Board of Directors
Maintain and update the Bank’s Reg O Policy
Additional Departmental Responsibilities such as:
Function as primary liaison for examiners during federal and/or state Compliance and CRA Examinations
Attend applicable regulatory training, seminars, and conferences to maintain regulatory consumer compliance knowledge
Determine effects of consumer protection laws and regulations on Bank policy, procedures, and practices
Maintain and update various consumer compliance policies
Implement changes to Bank policy, procedures, and practices to ensure compliance with consumer protection laws and regulations
Inform Bank management and lines of business regarding changes to Federal and State regulatory law
Inform Bank management regarding the outcomes of reviews and investigations to escalate concern
Other duties as assigned
Qualification
Required
Excellent research and analytical skills
Highly organized and capable of dealing with multiple projects simultaneously
Strong written and verbal communication skills
Excellent teamwork, interpersonal and conflict resolution skills
Ability to think strategically and develop a detailed understanding of the products reviewed
Ability to learn new technologies
Excellent knowledge of all Consumer Protection Regulations
Bachelor's Degree in Economics, Finance or Business Management, or equivalent related experience
5 years prior Compliance Officer experience
2 - 3 years prior CRA experience
Microsoft proficiency
Preferred
CRCM - Certified Regulatory Compliance Manager desired
Benefits
Medical/dental/vision/life insurance
401(k)
Paid time off (PTO)
Eligibility for an annual bonus
Company
First Bank of Highland Park
First Bank of Highland Park is a privately-owned bank serving Chicago.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase