Compliance Officer (Finance)

Why work for First Federal Bank? 

Our company culture is driven by our desire to serve our members and communities, something we have done for over 100 years. Along with doing meaningful work, enjoy perks and benefits that come along with being part of Idaho's only mutual bank – no stockholders or majority owners, just our account members!

Eligible First Federal Bank employees receive paid vacation, sick leave, and holidays; health insurance, dental insurance, and vision insurance; 401(K) retirement; educational assistance; life insurance; and long-term disability insurance.

Employees also receive paid community service hours and can participate in our Pay-It-Forward program to give back to the communities we serve. In addition, the First Federal Foundation has provided over $1.4 million to local non-profits since 2003. For a meaningful job and to be part of a community-focused team, as well as much more, apply today at www.bankfirstfed.com/careers.

 

Essential Duties and Responsibilities 

• Manages the oversight of compliance functions within the Bank to ensure adherence to relevant laws, regulations, and ethical standards within the bank's risk tolerance.
• Serves as the Bank's HMDA, CRA Officer and Fair Lending Officer. In that capacity, the Compliance Officer will be responsible for growth, oversight, compliance and reporting CRA, HMDA, and Fair Lending.
• Directs, oversees, maintains, and revises policies and procedures for the general operations of the Bank related to the compliance function and its activities to prevent illegal, unethical, or improper conduct.
• Act as liaison/contact for Federal examinations and internal and external independent reviews or audits of Compliance areas. Participates in response to exam and audit concerns and oversees corrective action of all related compliance deficiencies or violations.
• Collaborates with the Bank's management to provide information to accurately determine the Bank's extent of compliance.
• Create and maintain the bank's compliance management program including a program for monitoring the bank's continuous compliance risk.
• Develop, implement, and review policies and procedures to ensure compliance with all regulatory requirements.
• Develop, implement, and prepare compliance reviews, self-assessments, and internal monitoring to ensure compliance with regulations and bank policies and procedures.  
• Advises the bank's Executive Leadership Team and bank personnel of emerging regulatory issues to ensure compliance directives are met.
• Develop and maintain risk assessments based on the bank's previous examinations, internal controls, and other associated risk factors.
• Ensures department activities run smoothly and efficiently by providing leadership, training, and supervision within the bank as it relates to compliance.
• Develop, implement, and track programs to ensure the bank meets the needs of the community and attains CRA compliance goals.
• Assist the Marketing Department to ensure compliance with regulations and bank policy on potential advertising and the bank's website.
• Stay abreast of legislation, regulations and compliance issues that may affect the Bank and develop implementation plans for new or updated requirements.
• Assist with administration of software to ensure compliance with all regulatory processes.
• Function as a project manager in implementing new or updated regulatory requirements, as well as assist in the implementation of the Bank's software, vendors, and other third-party relationships to ensure compliance.
• Perform all job duties to ensure compliance with all applicable acts, laws, and regulations, and to ensure staff has the training and resources to perform duties to maintain compliance with such acts, laws, and regulations.
• Other job-related duties as assigned.

Non-Essential Duties and Responsibilities 

• Oversees special projects and product implementation as directed by the Chief Risk Officer.
• Provides guidance and assistance to the BSA Officer in coordinating and overseeing an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program in line with current industry best practices, regulatory guidance, and requirements.
• Interact with the bank's virtual compliance officer, auditors, loan reviewers, and examiners to assist in Bank reviews and examinations as directed by the Chief Risk Officer.
• May prepare loan disclosures for highly confidential transactions.
• Assists with vendor reviews as directed by management.

Qualifications Required 

(Required education may be satisfied by experience and/or working knowledge) 

An associate degree in business administration or related area and five (5) years' experience in risk or compliance (preferably within a bank) and a Certified Regulatory Compliance Manager (CRCM) or equivalent certification.  High level understanding of laws and regulations that affect the banking industry.  Intermediate proficiency in Microsoft Office Suite products.  

Supervisory Responsibilities

Carry out supervisory responsibilities is accordance with bank policies and applicable laws.  Responsibilities include interviewing, selection of staff and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. 

Physical Requirements and Working Conditions 

Sitting for extended periods of time, close visual acuity and the ability to work and operate computer applications and equipment including copy machine, telephone, scanner, or other basic business equipment.  Some travel is required for training staff.  The job is within the normal office environment range. 

Qualifications Preferred 

A bachelor's degree in business administration, or related area. Eight (8) years' experience in risk or compliance in a bank setting, and intermediate proficiency in Microsoft Office Suite products.  A CRCM Designation or its equivalent is required.

 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

See job description