OVERALL ROLE AND RESPONSIBILITIES:

The Compliance Officer manages all aspects of the Compliance Risk Business unit including, but not limited to, developing and updating various Compliance programs, policies and procedures, attending and representing the Compliance Department in various Bank-wide committee and senior level meetings, providing Compliance guidance to business and functional units, identifying and addressing necessary training in line with regulatory and industry trends. The Compliance Officer also serves as a primary point of contact and subject matter expert during annual Safety and Soundness bank examinations and internal audits. The Compliance Officer is expected to possess knowledge of anti-money laundering (AML) regulations and non-AML/“alphabet soup” of banking regulations.

As a Compliance Officer, you will be responsible for developing, implementing and administering all aspects of the Bank’s Compliance Management Program, including the CRA and Fair Lending Programs. You will be responsible for a variety of tasks including planning, organizing, and controlling the Company’s day-to-day administrative, lending and operational compliance activities, collaborate with and advise the Board of Directors, Executive Management and Associates of emerging compliance issues, and participate in various committees, audits and examinations. You will review and draft policies and procedures; monitor statutes, court decisions, regulations, and publications to stay current with changes in compliance-related laws and regulations.

Additionally, the Compliance Officer is expected to consult and guide the Company in the establishment or refinement of controls to mitigate compliance and other regulatory risks. As the leader of the compliance group you will provide direction, counsel and professional growth and development of staff, address any performance issues, coordinate staff for coverage in assigned areas of the department, and be fully knowledgeable and skilled in all areas of the department. All associates are expected to build a great rapport with fellow associates and treat others with respect and consideration regardless of their status or position.

The Compliance Officer role requires strong analytical and technical abilities and demands fast but carefully thought-out results. Strong leadership and control of the work process from beginning to end. The job concentrates on developing new ideas, systems and technology, and analyzing and improving on current processes. A high level of expertise is expected and the ability to spot and correct errors is important to ensure quality deliverables. A high focus on the end goal and encouraging the highest quality work from co-workers and subordinates. The broad scope of the position requires a factual, direct and authoritative style of communication and decision-making, though swift, is calculated and singular, with minimal reliance on general consensus or need for extensive collaboration.

ESSENTIAL RESPONSIBILITIES:

Coordinates with Bank management to implement and maintain the Bank’s Compliance Management Program (CMP). The Compliance Officer is responsible for the following:

(1) Risk Assessment/Management:

• Conducts research and advises the Bank on compliance requirements;
  
• Keeps Bank leadership and the Board of Directors apprised of the Bank’s state of compliance, and Bank’s CMP efforts through report preparation and presentation to the Audit Committee and Board of Director’s meetings
  
• Elevates compliance concerns to a higher management level when a department’s decisions pose inordinate risk;
  
• Tracks and presents emerging compliance regulatory proposals and final rules, and their potential/actual effect on the Bank to management and the Board of Directors;
  
• Provides summaries of new or revised rules to appropriate department managers, serves as a resource for change management necessary to comply;
  
• Maintain a current knowledge of marketplace compliance and compliance best practices and recommend changes to existing bank policy as necessary; and
  
• Establish and maintain strong relationships with law enforcement and regulators is a critical component as is the ability to work successfully within a dynamic, fast paced environment

   

  (2) Policies/Procedures:

• Supports managers with research and interpretation of current laws and regulations as they apply to policy and procedure development; recommends effective courses of action; develops and implements new systems, and/or revises or adapts existing compliance systems in response to changing needs/requirements; and
  
• Assists in developing and reviewing new policies and procedures and recommends changes to existing policies to meet the requirements of new or changing laws or regulations.
• Reviews and provides compliance approvals of new and/or updated policies, procedures, disclosures and forms as they pertain to regulatory compliance;
  
• Reviews and provides compliance approval for all Bank marketing and advertising efforts including print, radio, television, and/or social media.

   

  (3) Training:

• Evaluates effectiveness and appropriateness of the compliance training program; updates program as warranted.
  
• Oversees the Bank’s computer-based compliance training program and schedule to ensure Bank employees, officers, and directors complete required assigned compliance training; and 
• Provides recommendations to management should corrective or remedial training be necessary based on results of testing, internal compliance reviews, audits and/or examinations

   

  (4) Monitoring:

• Investigates and resolves compliance-related problems, questions, or complaints received from all areas of the Bank, or from customers or government regulatory agencies, following the Bank’s established procedures;
• Maintains and monitors the Bank's consumer compliance complaint log;
  
• Provides comprehensive report outlining compliance efforts based on designated pillars of compliance.

   

  (5) Testing:
  

• Conducts or provides recommendation for periodic reviews pertaining to regulatory compliance and the adherence to established internal controls in all departments as required.
  
• Coordinates testing schedules with compliance third party vendor (if engaged) and serves as the Bank’s point of contact throughout testing; and
• Reviews third party testing monitoring reports, creates Bank responses, and reports recommendations, findings and responses to management for corrective action and/or efficiencies.

   

  (6) Internal Audit and Examinations:
  

• Prepares and/or compiles and uploads information requested in connection with regulatory examinations and internal audits; delivers internal audit and examination reports to appropriate managers; 
• Serves as liaison between Bank staff and auditors or examiners as it pertains to compliance reviews;
  
• Evaluates accuracy of internal audit and examination findings and application of laws and regulations, recommends corrective actions to Executive Management and/or the Board of Directors where applicable; and 
• Through a collaborative effort with Bank’s management, compiles and tracks all Bank internal audit and examination findings, recommendations, exceptions and status updates; reports progress to Executive Management, Audit Committee, and the Board of Directors.

   

  (7) Leadership and Influence:
  

• Demonstrates executive presence and is able to interact actively and effectively with Bank’s Senior Leadership team and their business unit areas
  
• Exercises prudent judgement and thought processes
  

It is the employee’s responsibility to perform duties in accordance with Federal & State banking laws and regulations, as well as 1st Capital Bank’s internal policies and procedures including BSA/AML, and to comply fully with those laws, regulations, policies and procedures. Additionally, managers and supervisors are responsible for creating an environment in which they hold their employees accountable for the above.

MINIMUM QUALIFICATIONS

10-15 years of experience with increasing responsibility working for a regulatory agency examining banks, in a bank within the audit, compliance or legal departments, as a management consultant in the field of banking compliance or other equivalent non-banking position providing advice and/or guidance on banking regulations. Experience at commercial banking institution with assets of $1 billion or more highly preferred.

Certifications Required:

• CRCM
• CAMS
• ACAMS

Working knowledge of:

• Both Federal and State rules and regulations as they apply to commercial and consumer banking.
• Organization and operations of a financial institution. 
• Research methodologies applicable to the analysis of Company policies and procedures.
  

Ability to:

• Maintain confidentiality of files and privileged information.
  
• Understand, interpret and apply complex laws, rules and regulations as they apply to compliance in a financial institution. Understand business implications of decisions.
  
• Provide accurate and concise information on compliance issues.
  
• Communicate effectively both verbally and in writing, including skill to prepare complex reports and procedures utilizing technical, financial and statistical information.
  
• Collect, interpret and evaluate narrative and statistical data pertaining to compliance.
  
• Act as liaison between departments, management, examiners and customers in matters of compliance.
  
• Examine documents to ensure compliance with a wide variety of complex laws, rules and regulations.
  
• Gain cooperation through discussion and persuasion.
  
• Establish and maintain effective relationships with those contacted in the course of work.
  
• Proficiently use a personal computer. Possesses a thorough knowledge of Microsoft Office and all applicable applications. Must be conversant with the use of the internet and able to review government and regulatory web sites.
  
• Use equipment and materials in a safe and acceptable manner, follow established safety procedures, use appropriate safeguards, and observe common sense rules of safety in all on-the-job activities.

PHYSICAL DEMANDS

 Physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the 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. Employee is occasionally required to use hands to finger, handle, or feel objects, tools, or controls 
• Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.
  

WORK ENVIRONMENT

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 the risk of electrical shock. 
• Noise level in the work environment is usually moderate.