The Compliance/Auditor Manager is responsible for developing, managing and implementing a compliance, security, and internal audit program for the bank. This function will assure that bank policies and procedures are followed, which will limit the bank’s risk of operating loss based on non-compliance with its internal policies or external laws and regulations.
Responsibilities will include both loan and deposit compliance and loan review, as well as training staff on changes in laws and regulations to assure ongoing adherence to all applicable laws and regulations. This position will also include being responsible for all bank-wide compliance activities/duties including but not limited to BSA, CRA, AML and HMDA.
This position will be responsible to review and evaluate the soundness, adequacy, effectiveness and risk associated with the controls that have been developed within the bank. Periodically, reports will be generated to apprise management of the level of risk associated with various practices.
This position will also act as the Banks Security Officer.
This position will have primary liaison with external audit reviews. This may be a regulatory or contracted audit firm.
Audit Programs: 20%
Develop an internal audit schedule, which outlines the perceived risk areas of the bank, and provides a plan to review these functions. Develop an audit plan, which defines how the audits are going to be completed.
Complete audits and reviews internal audit checklists on a timely basis. Reports findings to department management, bank management and the Board of Directors as necessary. Makes recommendations for improvements in processes.
Document risk areas and determines follow-up on high risk processes and procedures.
Primary accountability for recommending contracts with regulatory agencies and third party audit firms. This will include negotiating the scope of the external audits as well as the terms.
This position will act as a liaison with external audit reviews. This may be a regulatory or contracted audit firm.
Reviews various functions and bank documentation to assure the bank policies and procedures have been implemented in compliance with applicable laws and regulations.
Responsible for the auditing of compliance and lending areas within the bank.
Research federal and state banking laws and regulations, review the bank policies and procedures and ensure compliance with laws and regulations.
Report to the Board of Directors on a quarterly basis or as necessary.
Periodically provide training to bank staff to assure their awareness and understanding of regulations that affect their functions and in changes in regulations.
Act as the Banks Security Officer, insuring security of all Bank related functions, including IT, record retention, and protection from outside threats.
As part of the overall team of bank employees, this position may be requested to assist in the support of other bank activities.
Able to adjust quickly to different work situations; remain composed under pressure and in stressful situations.
Must understand laws and regulations that impact bank loan and deposit functions. Must understand how to review various banking functions to evaluate level of risk associated with these functions.
The ability to express thoughts and ideas in a clear and concise manner, both orally and in written form to a variety of audiences and to all levels of staff.
Project a positive image of the bank to all internal and external customers.
Ability to effectively manage one's time to complete work in a timely fashion. Must be able to effectively develop project plans and outline the steps to accomplish objectives on time.
EDUCATION AND SPECIAL REQUIREMENTS
Prefer a four year degree or significant related business experience.
Five to ten years experience in compliance, preferably within a community bank.
This job requires skills needed in a typical office environment. This includes computer skills, communications skills, as well as utilization of office equipment.
EDUCATION AND PREFERRED REQUIREMENTS
Prefer a four year degree or significant related business experience. Five to ten years’ experience in compliance and audit, preferably within a community bank. This job requires skills needed in a typical office environment. This includes computer skills, communication skills, as well as utilization of office equipment.
CERTIFICATES, LICENSES, REGISTRATIONS
Valid driver’s license required for travel to Bank offices, training sessions, customer meetings, Bank and community meetings, etc. Ability to speak a foreign language helpful but not required.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to sit; use hands to finger, handle, or feel; and reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, or crouch. The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, and depth perception.
Must be willing to work in excess of 40 hours per week.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is occasionally exposed to moving mechanical parts and outside weather conditions. The noise level in the work environment is usually moderate.
The above statements are intended to describe the general nature and level of work being performed by the person assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Further, this job description is not intended to limit or in any way modify the right of any supervisor to assign, direct and control the work of any employee under his/her supervision. I further understand that employment is at the will of the employer and either the employer or the employee may at any time terminate the employment with or without cause. I further understand that no representations, promises or commitments made by supervisors or other company representatives relating to this position or duration of employment are binding on the company.