Portage Bank · 1 month ago
Bank Compliance Officer
Spokane, WA
Full-time
Onsite
Mid, Senior Level
3+ years expPortage Bank is focused on maintaining compliance with banking laws and regulations, and they are seeking a Compliance Officer to develop and oversee the bank's compliance program. The role involves monitoring compliance risk, providing guidance to management, and ensuring adherence to applicable regulations.
FinanceLendingPersonal Finance
Hiring Manager
Christina Pick, SHRM-CP
Responsibilities
Develop, update, and maintain the bank’s compliance management system (CMS), including policies, procedures, and monitoring programs
Ensure ongoing compliance with all applicable regulations (e.g., BSA/AML, Reg B, Reg Z, Reg E, CRA, HMDA, Privacy, Fair Lending, etc.)
Monitor regulatory changes and advise leadership on required updates to internal processes
Conduct periodic compliance reviews and risk assessments to identify gaps or areas needing improvement
Prepare and present compliance reports to senior management and the Board of Directors
Oversee corrective action plans and follow-up to ensure timely resolution of identified issues
Develop and administer compliance training for all employees and Board members
Provide guidance and serve as a resource to staff on compliance-related questions
Serve as the primary contact for regulatory agencies and external auditors
Coordinate regulatory exams, internal audits, and compliance reviews
Compile required documentation and ensure timely responses to exam findings and recommendations
Maintain up-to-date compliance policies and ensure they reflect current regulatory expectations
Work with department heads to implement policy changes and enhance internal controls
Participate in enterprise risk management initiatives, including risk assessments and control testing
Assist with vendor management, complaint tracking, and other compliance-related oversight programs
Qualification
Required
Bachelor's degree in Business, Finance, or related field (or equivalent experience)
3–5+ years of banking compliance or related regulatory experience
Strong understanding of federal and state banking regulations
Excellent analytical, communication, and problem-solving skills
Ability to work independently in a small-team environment and manage multiple priorities
Strong attention to detail and high level of organization
Ability to maintain confidentiality and professional discretion
Preferred
small-bank experience preferred
CRCM certification or willingness to pursue certification is a plus
Benefits
Competitive salary and benefits
Company
Portage Bank
Portage Bank is a financial institution that offers deposit accounts, home loans, personal loans, and commercial loan services.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Matthew Moran
President & CEO
Company data provided by crunchbase