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First Bank Chicago · 1 week ago

Vice President Senior Compliance CRA Officer

Greater Chicago Area

Full-time

Hybrid

Mid, Senior Level

$128K/yr - $155K/yr

5+ years exp

First Bank Chicago is seeking a Vice President, Senior Compliance CRA Officer to develop and maintain compliance programs in accordance with applicable laws and regulations. This role includes overseeing the Bank's CRA and Regulation O activities, administering compliance training, and acting as the primary liaison during compliance examinations.

BankingFinanceFinancial Services

Hiring Manager

Nicole DiVito

Responsibilities

Responsible for developing, administering and maintaining the Consumer and CRA Compliance Management Programs to ensure compliance with all applicable laws and regulations

Will also act as the Bank’s Reg O Officer and report on the status of Reg O activity to the Board of Directors

Additionally, will administer the Bank’s insurance program, work closely with the Bank’s insurance broker, and lead the Bank’s Insurance Committee

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

Prepare & Chair: Compliance Committee, CRA Committee, Insurance Committee

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

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

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

Compliance Management ProgramConsumer Protection RegulationsCRCM CertificationCRA ExperienceMicrosoft ProficiencyResearch SkillsAnalytical SkillsLearning New TechnologiesOrganizational SkillsCommunication SkillsTeamwork SkillsConflict Resolution SkillsStrategic Thinking