Farmers & Merchants Bank of Long Beach · 2 days ago
Compliance Officer
Lakewood, CA
Full-time
Onsite
Senior Level, Lead/Staff
$113K/yr - $185K/yr
10+ years expFarmers & Merchants Bank of Long Beach is seeking a Compliance Officer responsible for developing and implementing a compliance program to ensure adherence to state and federal laws and regulations. The role involves managing compliance topics, conducting reviews, and preparing reports for senior management while supporting the evolution of the compliance program.
BankingFinancial ServicesLending
Responsibilities
Plans, manages, and executes the Bank’s compliance management program that aligns to the Bank’s second line risk management standards such as but not limited to:
Monitoring and managing compliance topics and issues for the business units
Developing, implementing, and executing a comprehensive compliance monitoring and testing program, including written reports and communication results to senior management
Conducting marketing and disclosure reviews with the business units
Ongoing governance and oversight of covered business areas, and works closely with the business units to ensure full compliance with regulatory requirements
Assessing, developing and providing compliance training on relevant topics
Identifying training requirements needed for business units
Participating in new or changes to products and services and/or laws and regulations
Policy and procedure management
Researching any regulatory/non-regulatory complaints to identify systemic trends and root cause
Supports the evolution and enhancement of the compliance program for the business areas for which s/he is responsible, and lends support in other areas as instructed by the Chief Compliance Officer
Conducts reviews and effective challenge for the first line business units for risk and control self-assessment (RCSA), policies, procedures and other aspects of the compliance program
Analyzes and compiles data into meaningful reports for the Chief Compliance Officer while adhering to critical deadlines
Stays abreast of changes in banking laws and regulations, industry and regulatory trends, and best practices
Reviews customer complaints to assess root cause and systemic compliance issues and work with business units to determine action plans
Maintains knowledge of compliance laws and regulations to assess emerging and current risks
Prepares monthly and/or quarterly reporting for the Bank’s Chief Compliance Officer and senior management
Assists the Compliance Department in the coordination and support of compliance audits and regulatory examinations
While the job description of this role is the primary function, there may be other compliance areas that may require additional oversight as deemed necessary by the Chief Compliance Officer, and the individual must have experience or capability to learn and obtain the expertise to support the activities required
Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned
Qualification
Required
Bachelor's Degree or equivalent work experience required
Working experience in a regional banking organization is required
10+ years of compliance experience
Strong critical thinking, judgment, analytical, and problem-solving skills
Flexible and adaptable to changes in the regulatory environment and requirements of the Bank
Excellent interpersonal skills with strong ability to manage multiple projects in a fast-paced environment
Strong working knowledge of laws, compliance requirements and other applicable regulations to support the programs
Strong understanding of banking products, services, and structure and strong relationship building skills to liaise with other business units to ensure processes are in line with required compliance requirements and policies
Strong team player with an ethical and selfless approach to do what is right for the Bank and team
Strong written and verbal communication skills
Strong active listening abilities and willingness to learn and/or provide advice to foster a strong and cohesive working environment with peers and business units that the team supports
Respectful with opposing opinions and fosters collaborative interaction in a team environment, and willingness to contribute to team efforts
Excellent time management, verbal and written communication skills
Strong computer skills with MS Office (Excel, Word, Power Point)
Extensive knowledge of state and federal banking laws and regulations
The ability to work independently, lead and manage a project team, and deal effectively with peers and superiors is essential, as are strong written and oral communications skills
Preferred
Industry accreditation is preferred, e.g., CRCM
Company
Farmers & Merchants Bank of Long Beach
Founded in Long Beach in 1907 by C.J.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
$200M2025-10-20Post Ipo Equity· $200M
1997-03-27IPO
Leadership Team
Melissa Lanfre
EVP and Chief Operating Officer
Kathleen Salmons
SVP/Chief Risk Officer
Recent News
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2025-03-06
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