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First Bank of the Lake · 3 weeks ago

SVP Chief Compliance Officer

Osage Beach, MO

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

First Bank of the Lake is seeking a Chief Compliance Officer (CCO) who will be responsible for leading the bank's regulatory compliance program while enabling innovation in Banking-as-a-Service. The CCO will design and maintain an effective compliance framework, provide counsel on regulatory actions, and interact with senior management to ensure compliance is integrated into the business strategy.

BankingFinancial Services

Responsibilities

Develop a compliance framework that allows the Bank to build and scale innovative financial products and services, including Banking-as-a-Service, within legal and regulatory guidelines

Advises all areas of the Bank on compliance-related matters

Builds a scalable compliance solutions that grow with the Bank’s expansion into BaaS, consumer banking, and other new markets and product lines

Reviews, analyzes, interprets, communicates, and maintains a working knowledge of existing, pending, and newly issued rules and regulations that affect or may potentially affect the financial institution

Deliver clear, data-driven compliance reports to the management and Board-level committees, providing actionable insight on program effectiveness, regulatory trends, and key risk areas to support strategic decision making

Develops a compliance-first culture where teams see regulations as guardrails for smart innovation, rather than roadblocks

Monitor compliance management systems and tools to ensure they are functioning optimally, ensuring compliance with regulatory standards and updating models as necessary to adapt to emerging risks and threats

Acts as regulatory compliance liaison with regulators, examiners, and auditors on compliance issues. Communicates report findings to business unit managers and senior management and manages corrective action to prevent regulatory noncompliance, including written responses to exams and audits

Performs required liaison communications with legal counsel as needed. This includes, but is not limited to, responding to proposed legislation and/or regulation during the comment period

Acts as a resource for the bank, in concert with business unit managers, to implement and/or revise appropriate policies, procedures, and practices to ensure compliance with regulatory requirements

Partners with business unit managers to review existing and/or new products and services, forms, brochures, marketing materials, service forms and contracts, and disclosures to ensure accuracy and compliance with applicable laws and regulations. This includes the bank's internet and intranet sites and any electronic communications

Establishes and maintains a risk-based monitoring program with qualitative and quantitative standards

Completes periodic compliance reviews and transactional testing. This can be accomplished by developing and maintaining an effective compliance monitoring program that includes written reports with key findings and recommended corrective actions to ensure compliance with all rules and regulations

Oversees and maintains the bank's job-specific training program, ensuring compliance with policies, procedures, and applicable state and federal laws and regulations. This includes monitoring participation, employee feedback, and the effectiveness of each training program

Provides enthusiastic and professional compliance service to all employees responding to the day-to-day compliance questions. Develops and nurtures a compliance culture across all delivery channels and departments

Must complete all required training, including Bank Secrecy Act/Anti-money Laundering training suitable to their position with the bank

Other duties as assigned

Qualification

Regulatory compliance expertiseFintech banking knowledgeCompliance program developmentCertified Regulatory Compliance ManagerData analysis skillsMicrosoft Office proficiencyInterpersonal skillsProject management skills

Required

Bachelor's degree, preferably in business administration or a related field

Ten years of experience with a financial services institution

The ideal candidate will have 10-15 years of business experience and five or more years of management experience

Requires working experience and knowledge of federal and state banking regulations and the business application regarding new and existing products, services, and business opportunities

Self-starter who demonstrates excellent work habits and can define clear objectives relating to compliance-related challenges while collecting appropriate information and developing action plans that result in workable solutions

Excellent analytical abilities to analyze a complex set of data while extracting information critical to quantifying the potential regulatory exposure to the organization

Excellent interpersonal skills, including oral and written communication

Exceptional personal and project management/organizational skills with the ability to manage multiple complex projects simultaneously while maintaining outstanding attention to detail

Unquestionable integrity, objectivity, probing inquisitiveness, and a high tolerance for stress under adversarial conditions with the ability to resolve conflict and miscommunications

Demonstrates flexibility and the ability to work as a member of a team

Excellent computer skills, including the functionality of all Microsoft Office programs

Must be able to be bonded

Prolonged periods sitting at a desk and working on a computer

Must be able to lift up to 25 pounds at times