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Farmers & Merchants Bank of Long Beach · 2 months ago

Compliance Officer (Safety Soundness)

Lakewood, CA, US

Full-time

Onsite

Senior Level, Lead/Staff

$114K/yr - $194K/yr

10+ years exp

Farmers & Merchants Bank of Long Beach is a regional banking organization seeking a Compliance Officer to manage its compliance program. The role involves ensuring adherence to banking laws and regulations, providing guidance on compliance matters, and developing compliance reports for management.

BankingFinancial ServicesLending

Responsibilities

Supports the Chief Compliance Officer and the Bank in evolving and strengthening the compliance program in all areas of the program and where support is needed

Monitors federal and state banking laws, regulations and compliance topics to provide support and assistance to the key business stakeholders to assess applicability and impact, so that the Bank can proactively address requirements

Coordinates the creation, review, and implementation of policies and procedures resulting from new laws and regulations and supports the Bank’s policy governance and change management process

Proactively provides advice and guidance to business unit management on key compliance topics related to interpretation of regulations, new or changes to products and services, review of policies and procedures, remedial actions for self-identified issues and/or compliance testing and monitoring, and breach of policy or regulations

Responsible for developing periodic written compliance reports to share with the Board, executives and business unit management regarding key compliance issues identified

Collaborate with key stakeholders to identify remediation plans for noncompliance situations and monitoring for completion

Stays abreast of changes in banking laws and regulations, industry and regulatory trends, and best practices and keeping peers and business partners informed of relevant information

Reviews customer complaints to assess compliance with federal regulations and laws and conducts root cause analysis

This role is to support management and to enhance the Bank’s compliance management system that aligns to the Bank’s ERM standards and includes risk assessments on key regulations, compliance monitoring and testing, training to business units, marketing and disclosure review, policy and procedure management, complaints program, internal and external reporting, change management, breach management, and exam management

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

Compliance regulations knowledgeBanking laws expertiseRisk management experienceCRCM accreditationAnalytical skillsCustomer service skillsMS Office proficiencyInterpersonal skillsProblem-solving skillsTime management skills

Required

Bachelor's Degree is required

Working experience in a regional banking organization (RBO) is required

10+ years of compliance experience and familiarity with risk management requirements of an RBO

Strong working knowledge of banking products, operations, structure and/or lending practices

Extensive knowledge of state and federal banking laws and regulations

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 compliance regulations and keeping abreast of emerging changes

Strong active listening skills 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

Strong team player with an ethical and selfless approach to do what is right for the Bank and team

Respectful with opposing opinions and fosters collaborative interaction in a team environment, and willingness to contribute to team efforts

Excellent customer service and organizational skills

Strong understanding of banking products, services, and structure and strong relationship building skills to consult with other business units to ensure processes are in line with required compliance requirements and policies

Excellent time management, verbal and written communication skills

Strong computer skills with MS Office (Excel, Word, Power Point)

The ability to work independently, deal professionally and effectively with peers and superiors is essential, and strong written and oral communications skills