To assist the Compliance Manager with administering the daily activities of the Bank’s Compliance Management Program. The Assistant Compliance Officer is responsible for tasks that involve: assisting with the Bank’s CRA Program, performing compliance monitoring, completing risk assessments, conducting compliance training, working with various departments to assist in making recommendations to policies and procedures, conducting compliance related research/analysis, consulting on new product development/service offerings, assisting with the implementation of new or revised regulations, developing management reports and tracking remediation of audit, exam or compliance monitoring findings or recommendations.
Perform monitoring to analyze the level of compliance with various consumer protection laws and regulations as directed by the Compliance Manager. The review process includes, but is not limited to:
Selecting a representative sample
Conducting interviews with staff and management regarding standard practices and procedures.
Analyze the selected sample to determine level of compliance with consumer protection laws and regulations.
Prepare written report of findings and report to Management.
Assist with the administration of the consumer complaint process. To include tracking complaints, maintaining records, and completing management trend reports.
Assist with conducting ongoing analysis of the Bank’s Community Reinvestment Act (CRA) activities. Including, but not limited to, identifying CRA qualified loans and investments, accuracy of HMDA loan data, identifying CRA qualified community donations, tracking employees volunteer hours donated in supported of our communities, annual HMDA and CRA data submissions, maintaining required updates to HMDA and CRA notices and ensuring accurate up-to-date content of the HMDA and CRA Public Files.
Make recommendations to Management regarding (1) internal controls and safeguards, (2) regulatory compliance, (3) effectiveness and (4) changes to bank policies, procedure manuals, forms, processes, etc., as warranted.
Assist Compliance Manager with regulatory examinations, audits and tracking findings and management responses to ensure findings are corrected and remediated properly and timely.
Manage and act as the systems administrator for software used by the Compliance Department ensuring that updates are successfully performed in a timely manner.
Assist Management in new product or service initiatives to ensure compliance with applicable Federal and State laws and regulations prior to implementation/roll-out.
Respond to inquiries from Bank staff to provide guidance regarding compliance issues.
Participate at the Compliance Solutions Team (CST), as required and act as the Chair in the Compliance Manager’s absence.
Review disclosures, notices, forms and advertising/marketing materials, as requested, for compliance with regulatory requirements.
Perform compliance/regulatory research as assigned to analyze and interpret regulatory requirements and the impact to business unit operational functions and practices.
Create and execute compliance training for various levels of employees.
Assist compliance department team members, as necessary, to accomplish the goals of the department.
Other duties as assigned.
Education / Experience:
AA College Degree preferred, High School diploma or equivalent required.
Minimum five (5) years’ experience in the financial industry, accounting, auditing and compliance or risk management preferred.
Experience with bank operations, mortgage lending and/or commercial lending compliance preferred.
Demonstrated understanding of Federal and State banking laws and regulations.
CRCM certification by the ABA or similar desired or ability to obtain within 12 months of hire.
Skills / Knowledge / Abilities:
Demonstrated high level of personal integrity, ability to professionally handle confidential matters, and reflect appropriate level of judgment and maturity.
Successfully at working independently and in a collaborative environment with people of diverse backgrounds.
Effectively uses organizational and time management skills to efficiently set priorities, achieve goals and meet deadlines.
Strong project management skills.
Adept knowledge of research and review processes and procedures, with the ability to plan, schedule and conduct internal monitoring.
Establishes and maintains effective interpersonal relationships across all areas of the bank, from front line staff to board members, examiners and external auditors.
Ability to effectively communicate with clarity to management and staff both in written and oral communications.
Proactively promotes and displays professional and cooperative working relationships and is recognized as approachable and resourceful.
Can discuss findings with confidence and respond to objections in a professional manner in order to seek mutually beneficial solutions. Skillful in finding common ground and able to successfully handle difficult people and tense situations with diplomacy and tact.
Strong working knowledge of Federal and State laws and regulations governing the banking industry.
Able to accurately read and inspect documents, reports, computer printouts, letters and regulatory publications and data for errors or fraud. Ability to analyze detailed information to draw reasonable conclusions from such information.
Fully competent using various tools, techniques, and procedures, such as data collection, sampling, data mining, trend analysis, interviewing, questionnaires, checklists, etc.
Proficient with Microsoft Office (Word, Excel, Power Point and Outlook) and bank proprietary software.
Additional Salary Information: medical, dental, vision, life, 401K w/match, incentive bonus, health club reimbursement, and more.
About Bank of the Pacific
Bank of the Pacific is a community bank located in Western Washington through Central Oregon. We have 250 employees. Our mission is to be the best bank for our employees, customers, investors, and communities.