Merchants Bank of Indiana
VP, Compliance Officer
Merchants Bank of Indiana, Carmel, Indiana, United States, 46033
DescriptionThe
VP, Compliance Officer
is primarily responsible for administering monitoring programs under the Company’s compliance management system to assist in managing compliance risk across the organization, monitoring the performance of the compliance program, and recommending appropriate steps to improve its effectiveness. In particular, the Compliance Officer will assist in monitoring and guiding the Bank’s performance under the Community Reinvestment Act through proactive evaluation of data relative to area demographics and peer data, using that analysis to drive recommendations for CRA performance objectives in designated CRA Assessment Areas. The successful candidate will have a working knowledge of federal and state regulations affecting financial institutions.A successful Compliance Officer will support the Chief Compliance Officer (CCO) to ensure compliance with applicable consumer banking and other regulatory requirements by completing compliance risk assessments and testing and quality control reviews to determine the effectiveness of internal controls within the business units. Monitoring includes but is not limited to loan and deposit regulations, Home Mortgage Disclosure Act and CRA Data reviews, fair lending analysis, and third-party compliance risk.After one year as our VP, Compliance Officer, you will know you were successful if you…Complete annual risk-based compliance monitoring schedule developed by the Chief Compliance Officer and Compliance Committee to ensure compliance with federal and state regulations and company policies.Complete evaluation, monitoring, and documentation of CRA Performance to stated CRA strategic goals.Help prepare and lead the Compliance Department through various regulatory exams and internal and external audits, including tracking and remediating any findings or exceptions.Participate in monitoring regulatory change and executing implementation plans, providing training and advice to business units on compliance matters.Assist in ensuring the accuracy of HMDA and CRA data and timely reporting.Continuously demonstrate strong analytical ability to research and interpret regulations and regulatory guidance, including CRA, HMDA, and Fair Lending regulations and guidance.Assist in the preparation of monthly reports and Compliance Committee materials.Support the Chief Compliance Officer (CCO) to ensure success in achieving satisfactory CRA performance through ongoing evaluation and monitoring of performance to stated goals.Provide support in scheduling and tracking Community Development service and investment activities through the company’s MPACT program.Serve as a resource for regulatory matters and compliance-related initiatives and respond to questions from business units regarding interpretations of regulatory requirements and applicable guidance.Maintain and enhance knowledge of regulatory compliance requirements by participating in workshops, webinars, conferences, and meetings, and by reading professional literature.What we are looking for…A bachelor’s degree from an accredited four-year college or university with a minimum of seven years of banking-related compliance experience is required.CRCM-related certification preferred.Strong knowledge of the components of an effective compliance management system, lending and deposit operations, and consumer protection laws and regulations, including the Community Reinvestment Act.Thorough working knowledge of bank operations and banking policies and procedures, and experience in conducting compliance risk assessments. Previous use of Archer is a plus.Ability to work well independently and as a team player; collaboratively interface with other departments.Highly resourceful and self-motivated; strong problem-solving skills and ability to think critically.
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VP, Compliance Officer
is primarily responsible for administering monitoring programs under the Company’s compliance management system to assist in managing compliance risk across the organization, monitoring the performance of the compliance program, and recommending appropriate steps to improve its effectiveness. In particular, the Compliance Officer will assist in monitoring and guiding the Bank’s performance under the Community Reinvestment Act through proactive evaluation of data relative to area demographics and peer data, using that analysis to drive recommendations for CRA performance objectives in designated CRA Assessment Areas. The successful candidate will have a working knowledge of federal and state regulations affecting financial institutions.A successful Compliance Officer will support the Chief Compliance Officer (CCO) to ensure compliance with applicable consumer banking and other regulatory requirements by completing compliance risk assessments and testing and quality control reviews to determine the effectiveness of internal controls within the business units. Monitoring includes but is not limited to loan and deposit regulations, Home Mortgage Disclosure Act and CRA Data reviews, fair lending analysis, and third-party compliance risk.After one year as our VP, Compliance Officer, you will know you were successful if you…Complete annual risk-based compliance monitoring schedule developed by the Chief Compliance Officer and Compliance Committee to ensure compliance with federal and state regulations and company policies.Complete evaluation, monitoring, and documentation of CRA Performance to stated CRA strategic goals.Help prepare and lead the Compliance Department through various regulatory exams and internal and external audits, including tracking and remediating any findings or exceptions.Participate in monitoring regulatory change and executing implementation plans, providing training and advice to business units on compliance matters.Assist in ensuring the accuracy of HMDA and CRA data and timely reporting.Continuously demonstrate strong analytical ability to research and interpret regulations and regulatory guidance, including CRA, HMDA, and Fair Lending regulations and guidance.Assist in the preparation of monthly reports and Compliance Committee materials.Support the Chief Compliance Officer (CCO) to ensure success in achieving satisfactory CRA performance through ongoing evaluation and monitoring of performance to stated goals.Provide support in scheduling and tracking Community Development service and investment activities through the company’s MPACT program.Serve as a resource for regulatory matters and compliance-related initiatives and respond to questions from business units regarding interpretations of regulatory requirements and applicable guidance.Maintain and enhance knowledge of regulatory compliance requirements by participating in workshops, webinars, conferences, and meetings, and by reading professional literature.What we are looking for…A bachelor’s degree from an accredited four-year college or university with a minimum of seven years of banking-related compliance experience is required.CRCM-related certification preferred.Strong knowledge of the components of an effective compliance management system, lending and deposit operations, and consumer protection laws and regulations, including the Community Reinvestment Act.Thorough working knowledge of bank operations and banking policies and procedures, and experience in conducting compliance risk assessments. Previous use of Archer is a plus.Ability to work well independently and as a team player; collaboratively interface with other departments.Highly resourceful and self-motivated; strong problem-solving skills and ability to think critically.
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