Job Information
First Bank Chicago Compliance Officer in Northbrook, Illinois
This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/13438065
Basic Functions
Responsible for working closely as a member of the Enterprise Risk Management (ERM) Department to develop, administer and maintain effective Consumer Compliance Management Programs in accordance with applicable laws, guidelines and regulations.
Essential Duties\ 1. Work closely as a member of the Banks Compliance team to perform, monitor and maintain specific aspects of the compliance programs, including:
- Compliance management system
- Compliance risk assessments
- Compliance monitoring and testing programs
- Compliance training program and reporting
- Consumer complaints process
- Marketing materials and bank forms to ensure compliance with applicable rules and regulations
- CRA service, investment, and loan activity to ensure goals/metrics are being met
- Results of internal and/or external audits for Consumer Compliance related issues to ensure timely and accurate responses and remediation
- Regulatory developments and ensuring timely implementation of new or revised requirements
- Compliance reports for senior management and regulatory agencies
- Provide practical guidance and training to business partners across the bank
2. Compliance and CRA Committee Responsibilities
- Assist in coordinating and attend:
- CRA Committee meeting
- Compliance Committee meeting
3. Additional Departmental Responsibilities such as:
- Attend applicable regulatory training, seminars, and conferences to maintain regulatory consumer compliance knowledge
- Determine effects of consumer protection laws and regulations on Bank policy, procedures, and practices
- Maintain and update various consumer compliance policies
- Implement changes to Bank policy, procedures, and practices to ensure compliance with consumer protection laws and regulations
- Inform Bank management and lines of business regarding changes to Federal and State regulatory laws
- Inform Bank management regarding the outcome of reviews and investigations to escalate any concerns
Nonessential Duties
- Other duties as assigned