Compliance Manager

at Bar Harbor Bank & Trust in Bar Harbor, Maine, United States

Job Description


Bar Harbor Bank & Trust offers: competitive pay, referral incentives, an employee stock purchase plan, medical/dental/vision/life insurance plans, paid holidays, 401(k) plan, paid time off, a wellness program, continuing education benefits, and more!

Bar Harbor Bankshares, an independent community banking organization that encourages and supports the personal and professional development of its employees, dedicates itself to consistent service of the highest level for all customers, and recognizes its responsibility to be an active participant in, and advocate for, community growth and prosperity. If you would like to be part of this great mission, please read on.

Bar Harbor Bank & Trust is seeking a dynamic professional to join our team as Compliance Manager.

The location for this position can be flexible and/or within the Bank’s footprint of Maine, New Hampshire or Vermont.

This position is responsible for performing a variety of functions in support of the Bank’s compliance risk management program. Specifically, the position will assist in the coordination and execution of the Bank’s overall Compliance Management System, including managing the compliance analysts, sampling and testing of accounts on a risk-driven basis, providing general and targeted training wherever necessary, and performing responsibilities traditionally related to bank compliance professionals. The position is also responsible for assisting in monitoring and responding to new and changing regulations to ensure that any changes are properly incorporated into the Bank’s policies and procedures. The candidate will work with the Chief Compliance Officer with a goal toward maintaining a robust and proactive Compliance Management System. Under the direction of the Chief Compliance Officer, with guidance from the Chief Risk Officer, the Compliance Manager will assist the organization in accomplishing its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of the compliance management program. Knowledge, Ability, and Skills Required: The successful candidate must have a comprehensive knowledge of bank regulations, a desire to work with others to develop solutions for internal and external customers that preserve a low-risk compliance profile, a constant appetite for keeping fully informed about the changing compliance landscape, and an eagerness to earn positive recognition from internal and external auditors and regulators.

Education & Other Requirements:

+ The position requires an Associate’s Degree in a relevant area with at least 5 years of experience in Banking, Compliance and/or Internal audit.

+ Strong analytical and communication skills are required.

+ Must be able to function with a high degree of independence or collaboratively within a team, and be able to use judgment to plan and accomplish goals. Specific areas of knowledge to include:

+ Strong MS Office, including Excel, Visio and PowerPoint.

+ Knowledge or experience working in Branch/Retail Operations or Bank Operations.

+ Strong working knowledge of Bank regulatory requirements and industry practices including Bank Secrecy Act, Patriot Act, OFAC and the Community Reinvestment Act.

Major Responsibilities:

+ Manages the Compliance Analysts.

+ Analyzes Bank processes through flowcharting or by other means as deemed necessary, identifies controls, risks or other potential gaps and develops recommendations for improvement.

+ Assists in the development of the Bank’s Compliance Management program, including the development of scorecards, dashboards and related monitoring metrics.

+ Assists in planning, coordinating and performing compliance sampling and testing to confirm compliance with regulations, identify weaknesses in training and/or processes and work with line management to address and resolve those weaknesses.

+ Assists in the ongoing development of the Bank’s risk management program, risk appetite statement and related policies/procedures.

+ Reviews monitoring findings and reports compliance violations or weaknesses and makes recommendations for the correction of unsatisfactory conditions, improvement in operations, and reduction in costs of maintaining a compliance management program.

+ Tracks all reported compliance issues to identify trends and updates the compliance monitoring program as appropriate.

+ Assists in reviewing customer complaints and maintaining appropriate files to assure the adequacy of the Bank’s specific response, and to identify any potential trends that indicate disparate consequences of the Bank’s existing policies and procedures.

+ Coordinate with Marketing, Trust and other departments to have any advertising, disclosures or other customer correspondence approved for compliance with regulatory requirements (including UDAAP) either directly or through Compliance Alliance.

+ Positively contributes toward successful completion of internal audits and external examinations such as those performed by CPA’s, FDIC and BOFI.

+ Furnishes periodic reports to the Chief Compliance Officer for review and sharing with management.

+ Coordinate with the Bank’s Training Coordinator to ensure that employees have sufficient compliance knowledge for their areas of responsibility.

+ Development of an institution-wide CIP monitoring program; and/or recommending any modifications that may be necessary.

Required Travel: This position requires travel approximately 10% of work hours. Bar Harbor Bank & Trust is an Equal Opportunity Employer, Minority/Female/Disability and Protected Veteran. EEO is the law English – is the law Spanish – EEO is the Law Poster Supplement –\EEO\Supplement\Final\JRF\QA\508c.pdf Pay Transparency –\%20English\formattedESQA508c.pdf Qualifications



+ High School or better

+ Associates or better

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or © consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35©

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Job Posting: JC237179845

Posted On: Mar 30, 2023

Updated On: May 11, 2023

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