Compliance Officer

Description

Compliance Officer

Job Summary
The Compliance Officer is responsible for orchestrating and managing activities critical to adhering to regulatory risks, serve as a strategic partner to the Chief Risk Officer and senior management on compliance matters, and acting as a liaison with government agencies. Oversee the compliance team and help the organization ensure that operational functions comply with relevant laws, regulations, and policies. Engages with internal and external stakeholders to support a response and unified goal of organization success. Supports the development and implementation of compliance programs, policies, reporting, and practices. Responsible for state and federal exam management as well as any third-party compliance reviews. Also responsible for maintaining awareness of upcoming regulations, laws, and legal rulings that can impact compliance needs or alter organization risk. Serves as a resource of knowledge and support for all stakeholders and team members. Ensures compliance with established Bank policies and procedures.

OMB Bank is a quickly growing, fast-paced $2.5 billion financial institution. The ideal candidate would have experience working for institutions of equal or greater size and be able to adapt quickly as new projects are presented, while maintaining existing compliance program.

Essential Duties and Responsibilities

Compliance Program Management

· Maintain a compliance management program appropriate to the Bank’s size, complexity, products, services, and risk profile

· Develop and update the compliance risk assessment and annual monitoring plan

· Maintain compliance policies and work with business units to develop procedures and controls

· Provide independent oversight and challenge while supporting business units’ responsibility for day-to-day compliance

· Identify compliance resource, training, and technology needs and recommend improvements

Regulatory Guidance and Change Management

· Monitor regulatory developments and evaluate their impact on the Bank

· Communicate relevant changes to management and affected departments

· Coordinate implementation of new or revised requirements, including changes to policies, procedures, systems, disclosures, and training

· Advise business units on compliance questions involving deposit accounts, lending, servicing, payments, advertising, and customer communications

· Review proposed products, services, and operational changes before implementation

Compliance Monitoring and Corrective Action

· Conduct or coordinate compliance monitoring and testing based on identified risks

· Review transactions, disclosures, notices, advertisements, and operational practices for compliance

· Document findings, communicate results, and work with responsible managers to establish corrective action plans

· Track issues through resolution and validate that corrective actions address the underlying cause

· Escalate significant violations, repeat findings, overdue corrective actions, and emerging risks

Consumer Protection and Fair Lending

· Oversee compliance activities involving consumer deposit and lending requirements, privacy, credit reporting, and unfair, deceptive, or abusive acts or practices

· Administer or coordinate the Bank’s fair lending compliance program, including risk assessments, monitoring, and review of lending practices

· Coordinate Home Mortgage Disclosure Act responsibilities, as applicable, including data integrity reviews and reporting

· Review customer complaints for potential compliance concerns, recurring patterns, and opportunities to improve customer treatment

· Partner with the Community Reinvest Act (CRA) team on reports and working with regulatory agencies

Regulatory Examinations and Audits

· Serve as a primary contact for consumer compliance examinations and related information requests

· Coordinate examination preparation and responses with management and business units

· Support independent compliance audits and reviews

· Track examination and audit findings and coordinate management responses and remediation

· Maintain documentation supporting the Bank’s compliance activities and corrective actions

Training and Reporting

· Develop and coordinate compliance training appropriate to employees’ responsibilities

· Provide targeted training when regulatory changes, monitoring results, or complaints identify a need

· Prepare management and Board or committee reports addressing compliance risk, monitoring results, complaints, regulatory changes, and corrective action status

· Promote a culture of accountability, ethical conduct, and timely escalation of concerns

Primary Location/Schedule:

· Hybrid work environment: weekly schedule requires a combination of on-site and home office hours.

o On-site: 3110 S Delaware Ave, Springfield MO 65804

· 8:00 pm - 5:00 pm Monday – Friday; occasional additional hours as needed

· Full-time – 40 hours per week average

· Travel may be required throughout OMB footprint

Position Requirements:

· Bachelor’s Degree with prior compliance experience preferred.

· Four or more year’s previous experience in banking/finance risk management preferred

· Advanced knowledge of federal, state, and other governing agencies regulations and requirements related to bank processing and transaction monitoring

· Disciplined in protecting and managing highly confidential information/material

· Effective time management skills (capable of managing and prioritizing multiple tasks

· Remain professional, composed, and assertive, including high pressure situations; display a sense of urgency as needed to ensure requests are completed within expected time frames/service level agreement

· Demonstrated self-motivation; productive, efficient, organized, accurate work output with no supervision while working independently and within a team environment

· Excellent verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence, and procedures, speak clearly to customers and employees

· Ability to apply strategic planning, activity coordination, and problem-solving techniques to complex issues of multiple facets and variables in non-standardized situations.

Required Skills:

· Excellent customer service and communication skills

· Strong leadership and team management skills

· Strong mathematical, problem-solving and computer skills

· Excellent attention to detail and organization skills

· Ability to apply and enforce regulatory standards for ethical behavior, confidentiality, and information security

· Ability to maintain productivity standards while working independently, with minimal supervision

· Intermediate to advanced knowledge and experience with Microsoft Office, Excel, Adobe, and similar software

To Apply:

· Complete an application at https://www.ombbank.com/about/careers

· Contact Human Resources at careers@ombbank.com or 417-869-9000 for more information

Futures made brighter. Banking made better

OMB Bank was founded in 1999 with a commitment to excellence in service. We offer our customers the latest in banking products and services combined with old-fashioned customer service. We are committed to giving our employees the kindness, courtesy, and professionalism they deserve. This philosophy has resulted in our growth from one bank in Springfield to ten branches in Springfield and surrounding communities in Missouri and Kansas.

Employee Benefits:

· Excellent work environment where you are appreciated and recognized for your individual efforts and contributions

· Stability with a locally owned community bank that is growing and expanding in the region

· Paid Leave: Vacation, Military, Bereavement, and Jury Duty

· Cost friendly insurance: medical, dental, vision, critical illness, accident, supplemental life w/ AD&D

· 100% match of retirement savings (up to plan limit)

· Discounted financial service fees on select OMB products and services

· Plus more

Disclaimer:

The above description relates the general nature and level of work performed by people assigned to this classification. It is not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform tasks outside of their regular responsibilities from time to time, as needed.

EOE/VETERANS/DISABLED E-VERIFY EMPLOYER