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Compliance Manager – Advisory

First Merchants

Description :

Position Goals:

Effectively manage and develop Compliance Officers, Compliance Analysts and Compliance Specialists to excel in their fields. Assist the Chief Compliance Officer with managing the Compliance Program.

Essential Duties and Responsibilities: * 1. Assist in maintaining the company’s Compliance Management System (CMS) by serving as a compliance contact for Line One business units.

2. Provide guidance, mentoring and oversight to Compliance Officers, Compliance Analysts and Compliance Specialists as they carry out their job responsibilities in support of the Compliance Management System (CMS).

3. Keep current on all regulatory matters affecting the company’s Compliance Program.

4. Increase and maintain the expected level of consumer compliance knowledge and attend training required to maintain the CRCM certification.

5. Assist with the periodic FDIC, DFI, and CFPB regulatory examinations.

6. Assist in compliance training as needed when necessary for new rules or identified deficiencies.

7. Represent Compliance as needed on selected Project Teams.

8. Prepare various Compliance Committee reports.

9. Assist the Chief Compliance Officer with updating and maintaining the Compliance Program Policy.

In addition to the above, individual Compliance Managers will be responsible for one of the following: * Compliance Manager – Advisory Program

  • Serve as resource to Line One for compliance questions and regulatory guidance.
  • Provide “plain English” explanations of compliance, law and regulatory changes to company senior management and Line One business units, as needed.
  • Provide management and oversight of the Advisory Program.
  • Maintain the Consumer Complaint Process by identifying compliance-related complaints, conducting root-cause analysis, ensuring appropriate corrective action by Line One business partners, and providing reporting to the Compliance Committee.

2. Compliance Manager – Compliance Risk & Monitoring Program * Provide management and oversight of the Monitoring Program.

  • Ensure the Monitoring Program is adjusted to reflect risk assessment updates, regulatory change, and current risk identified in exam and internal audit finding.
  • Conduct targeted monitoring, post implementation monitoring, and post-acquisition monitoring or other specialized monitoring as requested by the Director of Corporate Compliance.

3. Compliance Manager – Fair Banking * Serve as resource to Line One for compliance questions and regulatory guidance for Fair Lending

  • Provide management and oversight of the Fair Lending Program.
  • Perform or provide oversight for the annual Fair Lending Risk Assessment.

4. Compliance Manager – Regulatory issues Management * Identify potential Consumer Harm through complaints, monitoring reports, internal audits, Line One disclosure and practices, incentive compensation, whistleblower, and other avenues as identified.

  • Collect information for potential Consumer Harm issues and assist Line One with root cause, resolving, and documenting issues identified.
  • Prepare CFPB and other regulatory reporting specific to Consumer Harm issues identified.
  • Provide Subject Matter Expertise to the CMS and conduct detailed research as needed for complex regulatory issues or gray areas of understanding.

Position Requirements:

Education – Bachelor’s degree in management, business, law or related field of study.

Experience – A minimum of five (5) years as a bank compliance professional , including managing regulatory examinations.

Other – Experience mentoring and managing direct reports.

Preferred Requirements:

Consumer compliance management experience in banking.

Current Certified Regulatory Compliance Manager (CRCM) certification.

Experience working at a mid-sized bank with assets in excess of $10 billion

Education : Bachelors

Experience : 5 years: Experience as a bank compliance professional , including managing regulatory examinations.

Expected salary:

Job date: Tue, 23 Aug 2022 23:18:42 GMT

Compliance Manager – Advisory

To apply for the job click here

Compliance Manager – Advisory

To apply for the job click here

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First Merchants

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