Compliance Officer

Compliance Officer

Sterling Federal Bank is a locally owned well established community bank. We've been serving families in Northwest Illinois (and, more recently, Northeast Iowa) since 1885. We are pleased to be named one of the "Best Places to Work in Illinois". We offer a competitive benefit package and a pleasant working environment.

We are hiring an experienced Compliance Officer to ensure that policies and procedures adhere to consumer protection laws and regulations by the completion and oversight of internal and external audits. The Compliance Officer assists in creating the overall compliance direction of the bank by developing proper processes and procedures to facilitate compliance with existing and proposed regulatory requirements along with best practice recommendations. In addition, the Compliance Officer maintains a keen focus on the bank's customer experience and inspires employees to do the same.

Duties and Responsibilities included but not limited to:

• Develop internal company policies and develop a clearly defined compliance program
• Stay abreast of upcoming compliance and regulatory issues and communicate to senior management
• Conduct internal regulatory audits, approx. 14 per year
• Provide quarterly internal audit report summary to Board Audit Committee
• Conduct commercial/ag file reviews
• Conduct quarterly loan flood file reviews
• Administer and manage the external audit process, approx. 10 per year
• Coordinate and monitor day-to-day BSA/AML compliance program to meet regulatory requirements
• Manage multiple projects of varying complexity simultaneously
• Take action in dealing with noncompliance situations, creating realistic plans to overcome them.
• Administers compliance training to all staff, including identity theft reporting training
• Manage CRA compliance and documentation
• Oversee bank Identity Theft compliance program and report status updates regularly to Board
• Investigate and respond to Garnishments, Levies and Subpoenas
• Manage the daily functions of the Compliance Dept, staff of three, and provide coaching and training to employees

Qualifications

Education/Experience

• Bachelor's Degree in Accounting, Finance or Business Administration and/or commensurate banking experience
• Must have a minimum of 5 years direct experience as a Compliance Officer

Skills

• Demonstrates extensive knowledge and/or proven success working with professional and regulatory requirements affecting audits
• Strong project management skills
• Outstanding attention to detail along with strong technical, organizational, and analytical skills
• High level of confidentiality and integrity in order to maintain independent judgement and privacy of bank and customer information

Sterling Federal Bank is an Equal Opportunity/Affirmative Action Employer

Current Openings for Compliance Officer Jobs at Sterling Federal Bank