Come be a part of the oldest community bank in the state of TN! INSOUTH Bank has been around since February of 1869 and is seeking a highly qualified compliance officer to ensure we are always current with federal and state regulatory requirements and following internal policies.
As a critical member of the INSOUTH’s management team, the Compliance Officer will proactively reduce compliance risks and ensure that our organization adheres to ethical standards, laws, and industry regulations.
Working with us, you will have comprehensive healthcare coverage plan options and other attractive benefits, including the opportunity to work alongside an experienced management team dedicated to maintaining regulatory compliance.
The Compliance Officer will be expected to maintain a Compliance Program designed to ensure that INSOUTH Bank achieves optimum compliance with federal and state laws and regulations, and that regulatory reporting requirements are consistently met by performing the following essential duties and responsibilities:
- Expand, implement, and monitor the maintenance of INSOUTH’s Compliance Program designed to ensure that each functional area of the Bank achieves and maintains compliance with all applicable State and Federal banking laws and regulations.
- Review and implement Bank compliance policies and procedures necessitated by changes in laws, regulation, or bank policy.
- Interpret federal and state laws and regulations as they apply to credit, operations, deposits, marketing, and other areas of the Bank and provide supporting information, interpretations, and clarifications to assist management in making decisions to ensure INSOUTH achieves optimum compliance.
- Perform Compliance Risk Assessments.
- Perform regular monitoring of the Bank’s system of internal controls, transactions, and disclosures for ensuring Bank-wide compliance.
- Review and monitor advertisements, brochures, lobby notices, signs, and other promotional marketing material to assure their compliance with regulations.
- Work with Compliance Auditors and coordinate the correction of any deficiencies noted in Compliance Audits.
- Coordinate and assist during Compliance and CRA regulatory examinations and maintain follow-up.
- Coordinate Compliance Risk process and monitor all exceptions found during monitoring, audits, or exams for resolution.
- Investigate and find resolution to complaints received from bank departments, customers, or government regulatory agencies.
- Act as an information source to management, lending officers, operations personnel, deposit personnel, and other staff members in relations to compliance laws and regulations.
- Coordinate employee compliance training with Human Resource Representative and department management to ensure adequate training / awareness at all levels.
- Interact with various committees to ensure compliance issues are addressed.
- Coordinate & Chair Compliance Risk meetings, prepare minutes for meetings and Board review.
- Prepare compliance board reports and training, attend board meetings, and report compliance issues, concerns, or changes to the board of directors quarterly.
- Maintain Bank’s CRA public file. Conduct an annual CRA Self-Assessment. Work with the Community Development Officer to ensure all activities and donations meet CRA criteria.
- Maintain a strong Fair Lending program with appropriate monitoring and reporting.
- Attend compliance seminars and programs on an ongoing basis to make certain that the Bank is following current banking laws and regulations.
- Other duties as necessitated to maintain a strong compliance program.
Qualifications and Abilities:
- Ability to read, analyze, and interpret all bank regulatory laws and communicate any changes to the appropriate management and staff.
- Advanced knowledge of consumer compliance and all federal and state bank laws and regulations.
- Strong organizational skills with the ability to manage multiple priorities and projects and meet deadlines.
- Proficient in Excel, Word, PowerPoint and Outlook.
EDUCATION:
- Bachelor’s degree (B. A.) from four-year college or university, preferred.
Experience:
- Bank Regulatory Compliance Experience: 5 years, required.
License/Certification:
- CRCM or other related professional certification, preferred.
Options for an office in one of our locations in West TN, but must be able to travel between all West TN locations.
If qualified and you would like to apply, please submit a current resume to human.resources@insouth.com.
