Responsible for developing, implementing and administering all aspects of the Bank’s compliance management program. Responsible for the Bank’s day-to-day operational compliance activities.
Reports to the Chief Risk Officer and is responsible for maintaining a compliance management system that ensures the Bank’s compliance with all laws and regulations applicable to its operations and product offerings.
Oversee business line development and coordinate Bank-wide compliance policies, procedures, risk assessments, and address various compliance issue
Serve as an in-house subject matter expert to provide compliance advice and guidance to all bank staff, while addressing any compliance questions.
Assist with the development of new products and services, or modifications to existing ones to identify any compliance related issues or new regulatory requirements.
Manage Compliance relationships with Financial Technology (FinTech) partners to assure compliance with laws and applicable regulations
Chairs the Regulatory Compliance Sub-Committee. Report on a regular basis to Executive Management and to the Board.
Facilitate compliance related communication and ensure such communication is comprehensive, accessible, current and appropriate for all employees and FinTech partners.
Conduct compliance reviews; issue reports of findings and recommendations to department management, and summary reports to Executive Management and the Board of Directors.
Assemble information for regulatory examinations and compliance-related audits; conduct post-examination follow up, prepare responses to examination and audit reports and oversee corrective actions.
Monitor external compliance resources for emerging regulatory trends or changes to the compliance environment; determine applicability to the Bank, and effectively ensure implementation of the change.
Assist department managers to make improvements to correct any operational deficiencies found in internal reviews and audits, or regulatory examinations.
Responsible for the bank’s Community Reinvestment Act program. Performs periodic assessments of CRA activity, draft reports, and report results to the Bank’s Compliance Committee, Executive Management, and the Board of Directors.
Represents Lincoln Savings Bank in a positive light in all professional duties. Including participating in civic, community, and networking events to cultivate productive relationships for Lincoln Savings Bank.
Performs other duties as assigned by Management.
Bachelor’s Degree or Professional Certification required, CRCM required.
Minimum of 7 to 10 years working in bank compliance
Must have extensive knowledge of applicable Federal/State regulations including CRA and Deposit, Lending, and Fintech compliance.
Strong knowledgeable in corporate governance, Strategic Risk Management and IT support technologies.
Excellent vision and ability to learn a broad array of skills beyond traditional, legal-ethical, financial and compliance issues.
Proactive thinker and leader not confined to the narrow traditional role of after-the fact monitoring and policing/auditing of rule violations.
Strong determination to prevail in achievement of compliance goals and objectives despite potential resistance from stakeholders
Good business judgment and high integrity
Ability to convey trust and confidence among employees and in dealing with line personnel
Strong critical thinking, problem-solving and research skills.
Excellent interpersonal, verbal, and written communications skills.
Ability to manage multiple tasks/projects and deadlines simultaneously.
Ability to effectively present information and respond to questions from Board of Directors, senior management and employees.
Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint)