Administer an effective Community Reinvestment Act Policy and Program. This will include planning, developing, executing, monitoring and reporting on the CRA Program.
To assist the Compliance Manager with administering the daily activities of the Bank's Compliance Management Policy, Risk Assessment and Compliance Calendar. The Compliance Officer will act as a leader and work on various compliance areas including, training, monitoring reviews, policy and procedures, and product development, with each department of the bank. This will include planning, developing, executing and reporting results. This position is responsive to new regulation as well as changes to existing regulations. In addition, the Compliance Officer is responsible for providing compliance support, communication and interpretation of compliance rules and regulations to bank employees, and researching regulatory issues as they arise.
This position requires an in-depth knowledge of federal and state regulations in order to effectively assist in researching, preparing, implementing, maintaining, developing, and tracking all Bank of the Pacific compliance for new and existing products, services and delivery systems.
Principal Responsibilities:
Community Reinvestment Act Officer:
Oversee all aspects of the Bank's Community Reinvestment Act (CRA) requirements. Specific responsibilities include the following:
Work with the Bank's Compliance Manager to support the activities of the bank's compliance program.
Compliance:
All employees are accountable for compliance with all laws, regulations and adherence to established internal controls and procedures when performing their job duties. Each employee is expected to be familiar with the legal and regulatory requirements and internal controls affecting his or her job responsibilities. It is the affirmative duty of each employee to carry out these responsibilities at all times in a manner that complies with all applicable legal and regulatory requirements and internal controls. All employees shall be responsible for communicating upward, problems in operations, noncompliance with the code of conduct, or other policy violations or illegal actions. Employees must participate in required training on pertinent compliance laws and regulations as required by the Bank of the Pacific.
All employees will be committed to maintaining a high level of compliance with the Bank Secrecy Act and Anti Money Laundering, USA PATRIOT Act and Financial Recordkeeping regulations recognizing that all three acts are important tools in federal efforts to combat organized crime, terrorism and drug trafficking.
Education / Experience:
At Bank of the Pacific, we are committed to delivering memorable service beyond the customer's expectation, to include both external and internal customers. We consistently demonstrate our values through teamwork, open communication, integrity, honesty and respect for others. Additionally, we will maintain a professional appearance through dress, conduct and an orderly work area. A successful candidate will possess these qualities and be enthusiastic, professional and of high ethics. They will embrace our Mission, Vision and Values and actively contribute to our success.
Our Core Values - We Care.
We consistently demonstrate this through:
Teamwork and open communication ~ Integrity, honesty and respect for others ~ Enthusiasm and positive recognition ~ Professionalism, initiative and innovation ~ Accountability, focused action and timely follow-through ~ Commitment to make our company a success
For your Benefit We Offer:
Bank of the Pacific is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.
Salary Range Disclaimer:
The base salary range represents the minimum and the maximum of Bank of the Pacific's salary range for this position. Actual salaries will vary depending on factors related to business needs and the employee's relevant knowledge, qualifications, experience, and job performance for the position.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
To assist the Compliance Manager with administering the daily activities of the Bank's Compliance Management Policy, Risk Assessment and Compliance Calendar. The Compliance Officer will act as a leader and work on various compliance areas including, training, monitoring reviews, policy and procedures, and product development, with each department of the bank. This will include planning, developing, executing and reporting results. This position is responsive to new regulation as well as changes to existing regulations. In addition, the Compliance Officer is responsible for providing compliance support, communication and interpretation of compliance rules and regulations to bank employees, and researching regulatory issues as they arise.
This position requires an in-depth knowledge of federal and state regulations in order to effectively assist in researching, preparing, implementing, maintaining, developing, and tracking all Bank of the Pacific compliance for new and existing products, services and delivery systems.
Principal Responsibilities:
Community Reinvestment Act Officer:
Oversee all aspects of the Bank's Community Reinvestment Act (CRA) requirements. Specific responsibilities include the following:
- Designing, implementing, administering and monitoring all aspects of the Bank's Community Reinvestment Act (CRA) Program, and ensuring proper adherence to the provisions and intent of the CRA, with the goal of meeting the credit needs of the communities the Bank serves, including those of low and moderate income people and neighborhoods.
- Ensure that the bank's community reinvestment activities are tracked, analyzed and modified as appropriate to ensure at least a satisfactory rating.
- Manage relationships with business units for collaboration in developing and monitoring performance goals that meet the bank's CRA objectives.
- Prepare and present a semi-annual review and self-assessment of CRA activity (analyze CRA lending, service and investment performance) to the Board CRA Committee.
- Provide training and advisory services as needed to areas of the bank regarding CRA.
- Assist in preparation for, and management of CRA examinations and internal audits, including coordination and the collection of information, materials and other data.
- Manage software systems and act as systems administrator. Ensure that data is loaded into the system and scheduled software updates are performed.
- Ensure locations are geo-coded properly and the database is current and appropriate analytical tools and reporting are in place to properly assess CRA Service test performance.
- Collect CRA data and coordinate with others in the bank to identify Community Development Loans, Investments, and track Service Activities.
- Prepare assessment area, census tract, and branch/ATM location mapping.
- Facilitates the Management CRA Committee.
- Maintain required updates to CRA notice and the Public File.
Work with the Bank's Compliance Manager to support the activities of the bank's compliance program.
- Maintain a professional level of industry and compliance proficiency by attending banking industry and compliance seminars and subscribing to applicable periodicals.
- Maintain a working knowledge of banking laws and regulations.
- Works with management to ensure compliance objectives of the bank are established and met.
- Establish and maintain collaborative relationships with other employees, management, external auditors, and examiners.
- Serve as a central resource to provide assistance regarding compliance issues.
- Participate in Management Compliance meetings as needed.
- Schedule, assign, and conduct compliance training to ensure the Bank's Board of Directors, Bank officers and staff are provided with sufficient education to ensure compliance.
- Develop and perform compliance monitoring programs to meet compliance objectives, for all departments of the bank. This includes reviewing, evaluating and verifying the soundness, adequacy, and application of controls and procedures.
- Collect, analyze, interpret and document information which supports compliance monitoring results.
- Make recommendations to bank management regarding (1) internal controls and safeguards, (2) regulatory and legal compliance, and (3) changes to the bank's policy and procedures.
- Report compliance monitoring evaluations in the form of written compliance reports to management and executive management.
- Evaluate management responses to all compliance reports, tracking findings, and verifying that remediation is implemented.
- Review forms and documents for compliance with regulatory requirements.
- Conduct research as assigned and provide information regarding regulations, regulatory changes and potential procedural impact.
- Serves as a liaison for all regulatory examinations.
- Assist during examinations or audits (both internal and external), including following up on and assisting in resolving cited violated and/or deficiencies.
- Complete file reviews to assess the level of compliance with specific regulations, including but not limited to Equal Credit Opportunity Act, Truth-in-Lending Act, Real Estate Settlement Procedures Act, Fair Housing Act, Home Mortgage Disclosure Act, Flood Disaster Protection Act, Fair Lending and USA Patriot Act. The review process includes but is not limited to:
- Selecting a representative sample of originated and non-originated files for review.
- Conducting interviews with staff and management regarding standard practices and procedures.
- Analyze selected files to determine level of compliance with specific laws and regulations.
- Consolidate issues noted during review and prepare a written report of findings including a summary of overall findings, a list of detailed exceptions and recommendations for improvement.
- Perform UDAAP marketing compliance reviews.
- Administer procedures for addressing customer complaints including internal points of contact.
- Complete Home Mortgage Disclosure Act (HMDA) file audits on closed and non-originated loan files to ensure compliance with Regulation C/HMDA. The review process includes but is not limited to:
- Perform individual file monitoring.
- Consolidate issues noted during monitoring reviews and prepare a written report of findings including a summary of overall findings, a list of detailed exceptions and recommendations for improvement.
- Coordinate efforts with other departments to maintain and prepare the HMDA LAR for annual filing.
- Assist Management in new product or service initiatives to ensure compliance with applicable laws and regulations prior to implementation.
- Other duties as assigned.
Compliance:
All employees are accountable for compliance with all laws, regulations and adherence to established internal controls and procedures when performing their job duties. Each employee is expected to be familiar with the legal and regulatory requirements and internal controls affecting his or her job responsibilities. It is the affirmative duty of each employee to carry out these responsibilities at all times in a manner that complies with all applicable legal and regulatory requirements and internal controls. All employees shall be responsible for communicating upward, problems in operations, noncompliance with the code of conduct, or other policy violations or illegal actions. Employees must participate in required training on pertinent compliance laws and regulations as required by the Bank of the Pacific.
All employees will be committed to maintaining a high level of compliance with the Bank Secrecy Act and Anti Money Laundering, USA PATRIOT Act and Financial Recordkeeping regulations recognizing that all three acts are important tools in federal efforts to combat organized crime, terrorism and drug trafficking.
Education / Experience:
- AA College Degree preferred, High School diploma or equivalent required.
- Minimum five years bank experience.
- Experience with mortgage lending and/or commercial lending compliance preferred.
- Minimum 3 years experience in compliance, audit, or risk management function.
- Demonstrated understanding of banking laws and regulations.
- CRCM certification by the ABA or similar or ability to obtain within 12 months of hire.
- Service Plus Certified.
- Models integrity, honesty, responsibility, hard work and professionalism.
- Demonstrated high level of personal integrity, ability to professionally handle confidential matters, and reflect appropriate level of judgment and maturity.
- Able to work independently and in a team environment with people of diverse backgrounds.
- Effectively uses organizational and time management skills to achieve goals and accomplish tasks timely.
- Strong project management skills are a plus.
- Knowledge of research and review processes and procedures, with the ability to plan, schedule and conduct regulatory reviews.
- Establishes and maintains effective interpersonal relationships across all areas of the bank, including board members, examiners and external auditors.
- Ability to effectively communicate with management and staff both in written and verbal communications.
- Promotes a professional and cooperative climate and is recognized as approachable and resourceful.
- Can discuss findings with confidence and is able to respond to objections. Skillful in finding common ground and is able to handle difficult people and tense situations with diplomacy and tact.
- Strong knowledge of banking laws and regulations.
- 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.
- Fully competent using various tools, techniques, and procedures, such as data collection, sampling, data mining, trend analysis, interviewing, questionnaires, checklists, etc.
- Proficient in Word, Excel, Power Point and bank proprietary software.
At Bank of the Pacific, we are committed to delivering memorable service beyond the customer's expectation, to include both external and internal customers. We consistently demonstrate our values through teamwork, open communication, integrity, honesty and respect for others. Additionally, we will maintain a professional appearance through dress, conduct and an orderly work area. A successful candidate will possess these qualities and be enthusiastic, professional and of high ethics. They will embrace our Mission, Vision and Values and actively contribute to our success.
Our Core Values - We Care.
We consistently demonstrate this through:
Teamwork and open communication ~ Integrity, honesty and respect for others ~ Enthusiasm and positive recognition ~ Professionalism, initiative and innovation ~ Accountability, focused action and timely follow-through ~ Commitment to make our company a success
For your Benefit We Offer:
- Salary range: $80,000 to $115,000 annually.
- The specific salary offered will depend on several factors including but not limited to applicant's knowledge, skills and experience relevant to the position.
- Eligible to participate in annual incentive plan.
- We offer a comprehensive healthcare benefit package that includes: Medical, Dental, Vision, EAP, LTD, STD, Group Life, VTL, AD&D, FSA, DCAP, LFSA, and HSA.
- Retirement Savings Plan through 401(k) with an additional Roth 401(k) option. We match 100% of your deferral up to 5% of eligible compensation.
- Wellness Dollars up to $500 per year.
- Weekend Wellness Hours, 4 per quarter.
- Paid Birthday and Anniversary Holiday
- 11 paid Holidays per Year
- Sick Leave Time - Earn up to 8 days each Year
- Vacation - 17 days each Year (first year adjusted based on hire)
- Vacation Purchase Plan
- Tuition Reimbursement
- Employee Banking Privileges and Special Loan Features.
Bank of the Pacific is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.
Salary Range Disclaimer:
The base salary range represents the minimum and the maximum of Bank of the Pacific's salary range for this position. Actual salaries will vary depending on factors related to business needs and the employee's relevant knowledge, qualifications, experience, and job performance for the position.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.