Compliance Officer

Position: Compliance Officer Location: Lewistown, IL / Washington, IL Compliance Specialist role requires knowledge of banking regulatory compliance and is responsible for monitoring and assessing adherence to all local, state, and federal regulations, including those applicable to mortgage loans, consumer loans, commercial lending, deposit products, commercial products, and various digital products and services.
This position has autonomy of independent decision making within their areas of responsibility.
*OVERVIEW* • Knowledge and expertise in consumer and mortgage lending areas, specifically Regulation C (HMDA), Truth in Lending Act (Regulation Z), Real Estate Settlement Procedures Act (RESPA), Mortgage Servicing, Fair Credit Reporting Act, and Fair Lending regulations (ECOA and Fair Housing Act), SAFE Act, Flood Disaster Protection Act, Fair Debt Collection Practices Act, and Homeowners Protection Act.
• Research and assist in the analysis, interpretation, and application of lending regulations and practices as they relate to the bank.
• Perform ongoing reviews of the bank’s loan products and work with the appropriate departments to analyze loan data for fair lending compliance.
• Assist with review of third-party vendors to perform certain compliance audits and recommend the selection of these vendors to conduct compliance audits/reviews.
• Conduct internal compliance self-assessments and internal reviews to ensure activities are conducted in compliance with applicable laws, regulations, and rules.
Communicate the review requirements to appropriate departments, assist in collecting audit material as appropriate, and track all findings and resolutions.
• Assist with performing and completing the bank’s regulatory risk assessment covering all consumer regulatory related risks, identifying the gaps, and providing recommended solutions for the identified gaps.
Work with the departmental stakeholders to implement those solutions.
• Perform monitoring of vendor compliance with consumer regulations, deposit disclosure updates and tracking, compliance monitoring, quality control, and other compliance programs and projects as assigned.
• Assist in the review of marketing materials for compliance with applicable state and federal laws prior to their release to the membership, when applicable.
• Keep abreast of changes in regulations as appropriate.
Distribute appropriate materials to departments, assess progress on compliance with new regulations, and serve as a subject matter expert to the bank on compliance related issues.
• Maintain a continuous study of applicable State and Federal laws.
• Display leadership values such as mutual respect, trust, honesty and dignity, and act in the best interest of the bank.
Lead by example by displaying solid ethics and integrity at all times.
• Perform a variety of routine daily tasks; review reports and prepare correspondence; prepare periodic reports on the status of work activities; monitor compliance activities and reports with respect to areas of assigned responsibilities.
*PREFERRED REQUIREMENTS* • BS/BA degree may be waived for a lesser degree based on years’ experience in a qualified field, such as banking, regulatory compliance, business management, project management, risk management, internal audit, or other analytical area.
• Ten (10) years or more experience in banking, regulatory compliance, business management, project management, risk management, internal audit, or another analytical field.
• A solid understanding of a variety of consumer regulatory requirement.
• Knowledge of concepts, practices, and compliance techniques for the bank industry.
• Organizational and project management capabilities • Ability to understand and analyze complex regulatory issues and provide compliance recommendations.
• Understanding of reporting requirements of regulatory agencies relevant to assigned tasks.
Must have excellent written and verbal communication skills, be able to work under pressure, and be highly motivated and self-sufficient.
Ipava State Bank is an Equal Opportunity Employer * Please email resume and references to *employment@ipavastatebank.
com* for consideration Job Type: Full-time, salaried position Benefits: • Health insurance • SEP retirement plan 10% Experience level: • 10 years experience (Preferred) Job Type: Full-time Pay: $55,000.
00 - $75,000.
00 per year Benefits: * 401(k) * Dental insurance * Flexible spending account * Health insurance * Paid time off * Retirement plan Physical setting: * Office Schedule: * 8 hour shift * Monday to Friday Ability to Relocate: * Lewistown, IL 61542: Relocate before starting work (Required) Work Location: In person