VP, Compliance Officer

at  Merchants Bank of Indiana

Description:
The 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 demonstrates 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.
  Requirements:

Please refer the Job description for details