at Camden National Bank in Portland, Maine, United States
The Compliance Officer I will be responsible for coordinating efforts supporting the development, implementation, and monitoring of the Corporation's compliance program, and ensuring that the Corporation remains in compliance with all applicable laws, rules, and regulations governing operations and products. The Compliance Officer I will also support ensuring that sufficient information is available for the Compliance Director and other key personnel as to the adherence and extent of our compliance program. Strong knowledge and experience working with consumer compliance regulations (lending and deposit), performance of compliance monitoring, testing and related reporting, as well as experience in compliance program development and management is required.
Essential Duties and Responsibilities:
Review and establish policies, procedures and practices to ensure the Corporation remains in compliance with all applicable laws and regulations.
Monitor and maintain current information on regulatory developments that affect the corporation and the impact of those changes on the bank.
Consult with and advise 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-monitoring/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.
Coordinate with the Compliance Director to develop and implement the compliance-monitoring and testing 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 administering and coordinating all aspects of the Bank’s Community Reinvestment Act (CRA) and Fair Lending programs.
Identify, validate and report all applicable loans for CRA, HMDA, and Community Development; work with appropriate business units to capture all reportable information.
Assist with coordination of the bank’s overall Compliance Program and supporting a three lines of defense model.
Assist with materials and coordination of the various compliance committees and the preparation of related agenda and meeting materials; recording of meeting minutes may be required.
Liaise with operating unit managers on all compliance-related issues. This includes assisting the line areas in establishing and maintaining current policies, procedures, controls, and process flows. Participate in Compliance reviews of new product development, and marketing and advertising materials. Maintain and track internal compliance-related questions and event information.
Other duties as assigned may include support of other Risk Management partners (including BSA, AML, Audit, Information Security and Physical Security).
Bachelor's degree or equivalent
At least five years of related experience in a banking environment
Experience with Fair Lending laws and the CRA
Knowledge of compliance, legal and regulatory environment, enterprise governance framework, products and services, policies, standards, systems, reporting, and training requirements
Certified Regulatory Compliance Manager (CRCM) preferred, including related banking and compliance program management experience with focus on oversight of consumer compliance regulations
Ability to communicate effectively and concisely in both oral and written form
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. The ability to build and maintain positive and collaborative relationships with internal stakeholders and external examiners, audits and other partners is required.
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.