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Commercial Banking Officer III

at Camden National Bank in Portland, Maine, United States

Job Description

The Compliance Officer II will be responsible for coordinating with the Compliance Director toward supporting the development, implementation and monitoring of the Corporation's compliance program. The program established will ensure that the Corporation remains in compliance with all applicable laws, rules and regulations governing operations and products. The Compliance Officer will also support ensuring that sufficient information is available for the Compliance Director, Senior Management and the Board of Directors as to the adherence and extent of our compliance program.

 

Essential Duties and Responsibilities: 

  • Reviews and establishes policies, procedures and practices to ensure the Corporation remains in compliance with all applicable laws and regulations.

  • Maintains current information on all legal and regulatory developments that affect the Corporation.

  • Consults with and advises operating units and managers on all compliance related issues. This includes assisting the individual departments in establishing and maintaining current policies, procedures controls, process flows, as well as self-testing programs to ensure adherence with laws and regulations. This will also enable the departments to be alerted of weaknesses or problems and fix them prior to any scheduled audit or exam.

  • Participates in new product and systems development, on line banking and website modifications.

  • Coordinates with the Compliance Director to develop and implement the compliance-monitoring program, including risk assessments to identify the level of risk (High, Moderate & Low) assigned to individual areas to determine the level and frequency of training, testing and monitoring.

  • Responsible for coordinating the Lending Compliance activity

  • Responsible for coordinating the CRA Committee and overseeing the preparation of all CRA Reporting. 

  • May be required to take meeting notes or minutes

  • Coordinates, conducts and evaluates the adequacy and effectiveness of the training program related to all compliance issues.

  • Supports any internal or external audit/exam on compliance related activities.  Also participates in providing the responses and ensures that corrective actions are implemented resulting from any regulatory examination or audit.

  • Reviews all forms of advertising prior to distribution.

  • Participates in Project Work that requires compliance support.

  • In the case of licensed attorneys, JDs and CRCMs, work under the supervision of, or in coordination with, legal counsel on matters that may be legal in nature, including interpretations, guidance, or opinions on areas of federal and state compliance, as appropriate.

  • Other duties as assigned may include:  support of other Risk Management partners (including BSA, AML, Audit, Information Security and Physical Security) in the performance of their day to day responsibilities and program development. 

 

Basic Qualifications

Bachelor's degree or equivalent; and at least ten years of related experience in a banking environment

 

Preferred Qualifications: 

Juris Doctor (J. D.) together with related banking experience is strongly preferred. Certifications such as Certified Regulatory Compliance Manager (CRCM) is preferred.  Admission to the Maine Bar a plus.

 

Skills and Abilities: 

  • Strategic Orientation: Ability to think long-term and beyond one’s own area of oversight.  Includes business awareness, critical analysis, and integration of information, and ability to create and execute action orientated plans.

  • Results Driven: Ability to identify and introduce timely improvements to increase business results to meet organizational goals and customer expectations. Driven to make decisions that produce high-quality impact by applying technical knowledge, analyzing problems, and calculating risks.

  • Customer Impact: Serve and build value-added relations to maintain and grow customer base. Ensure the vision is kept in mind whenever actions are being taken in the compliance and audit areas.

  • Market Knowledge: Understand the market(s) the business operates in to identify trends and anticipate market changes. Knowledge of the market related to such areas as talent pool, competitors, regulatory environment, etc.

  • Communication and Presentation: Ability to influence others, deliver impactful presentations, and intellectual capability to interact with a wide variety of stakeholders.

  • Change Leadership: Ability to bring about strategic change, both within and outside the organization, to meet organizational goals. Aptitude to establish an organizational vision and to implement it in a continuously changing environment.

  • Collaboration and Influence: Work effectively with, and influencing those outside of, functional area for positive impact on business performance.

  • People and Organizational Development: Influence development of talent systemically across the company for a broader impact on the organization's capabilities. Ability to lead people toward meeting the organization's vision, mission, and goals. Promote an inclusive workplace that fosters the development of others, facilitates cooperation and teamwork, and supports constructive resolution of conflicts.

  • Language Skills: Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.  Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups, and/or boards of directors.

  • Mathematical Skills: Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

  • Reasoning Ability: Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of information and data, and deal with several abstract and concrete variables.

 

Supervisory Skills: 

Manages subordinate compliance staff. Carries out leadership, managerial and supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing and hiring compliance staff; planning, assigning, and directing work; appraising performance; acting as project lead, rewarding and disciplining employees; addressing complaints and resolving problems.

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Job Posting: 619570

Posted On: Oct 08, 2021

Updated On: Nov 07, 2021