Job description
Quaint Oak Bank is hiring an experienced Compliance Manager.
Join a growing organization that offers excellent opportunities for career growth, a team atmosphere, and a competitive benefits package!
Location: Remote
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Position Summary: Quaint Oak is strategically growing in size and complexity, and looking for an experienced team member to play a vital role in expanding the company’s compliance foundation. Under the direction of the Vice President-Compliance and Risk, the Compliance Manager will administer the daily activities associated with the company’s compliance management, vendor management and Community Reinvestment Act (CRA) programs. As a leader within the Compliance Team, the Compliance Manager will participate in ensuring compliance programs throughout the organization are effective and efficient in identifying, preventing, and correcting noncompliance with applicable laws and banking regulations.
Duties & Responsibilities:
- Manage the company's compliance management program. Review, suggest and implement program enhancements. Participate in the development of the compliance risk assessment and corresponding compliance monitoring schedule. Maintain all related policies and procedures.
- Administer the company’s vendor management program, including the development and maintenance of all program policies and procedures, maintaining vendor management software, and working collaboratively with the Information Security Officer to ensure the completion of vendor due diligence reviews.
- Spearhead the company’s CRA program to include leading efforts to review and expand the current program, maintain the company’s public file, and facilitate the development of the company’s CRA self-assessment.
- Serve as a resource for regulatory matters and compliance related initiatives. Communicate emerging compliance issues to management and employees. Respond to questions from business units regarding interpretations of regulatory requirements and applicable guidance. Provide compliance guidance and support for new products, services and initiatives.
- Maintain proficient knowledge of applicable laws and regulations affecting the company. Lead regulatory change management projects as needed.
- Work collaboratively with internal partners to identify effective corrective actions to resolve identified compliance related gaps and issues. Oversee and monitor the implementation of agreed-upon corrective actions.
- Prepare periodic board, audit committee and management reporting. Coordinate and spearhead the company’s monthly management level compliance committee.
- Provide leadership, coaching, mentoring and support to the Compliance Team. Assist in identifying team staffing needs, and participate in hiring and various personnel processes, as needed.
- In collaboration with the Training and Development Specialist, coordinate and administer the annual compliance training for all employees. Create and conduct compliance education for the board of directors.
- Oversee the review of advertisements and communications for compliance with applicable advertising laws and regulations.
- Assist with applicable audits and exams, and serve as back-up to the BSA Officer and the Vice President-Compliance and Risk, as needed.
- Conduct all duties of the position with the highest regard for compliance, discretion and confidentiality.
- Perform other duties as assigned.
Key Skills/Competencies:
- Diverse and extensive working knowledge of banking laws including lending, deposit, and general compliance regulations.
- Proven leadership, interpersonal and collaborative teamwork skills with the ability to build trust and cultivate positive working relationships with partners, both internal and external.
- Passion for innovation, finding win-win solutions and thinking outside the box. Talent for effectively balancing regulatory requirements with business needs.
- Effective problem-solving skills with the ability to think critically and resolve complex issues. High attention to detail.
- Strong verbal and written communication skills.
- Highly resourceful and self-motivated. Capacity to exercise sound judgment and independent discretion in all areas of responsibility.
- Proficient in organization and time management. Ability to coordinate own work and the work of others to keep projects on task.
- Intermediate computer skills with productivity tools including Windows-based operating systems and office suites (Microsoft Word, Outlook, Excel, PowerPoint, OneNote, Teams), video conferencing, and applicable banking software.
Experience & Education:
- Bachelor's degree or equivalent experience in a related field
- Minimum seven years’ experience in various banking compliance roles and specialties
- CRCM or equivalent compliance certification preferred
- Mortgage banking experience a plus
- BSA/AML experience a plus
Quaint Oak Bank and/or its subsidiaries is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, creed, religion, ancestry, citizenship status, age, sex, sexual orientation, marital status, national origin, disability or handicap, or veteran status.
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