Chief Compliance Officer
Little Rock, AR, USA | Bank OZK
Industry:Banking / Investment Banking
Functions:Legal / Compliance
Job Description:73 people have viewed this job
Job Purpose and Scope:
The Chief Compliance Officer is the senior leader of compliance-related activities for the Bank.Reporting directly into the Chief Risk Officer, this position is responsible for overseeing and managing the compliance function to ensure the Bank is complying with all applicable regulatory requirements, and that its employees are in compliance with all internal processes and procedures.
Essential Job Functions:
Provides overall management and direction of the Compliance Department.
Maintains compliance risk management framework that incorporates risk assessment, training, testing and reporting of compliance matters.
Implements the reporting for regulatory compliance including compliance issues and the corrective action to be taken.
Oversees and provides guidance regarding the Bank’s compliance management program.
Prepares monthly reports to evaluate and assess the compliance risk.
Ensures compliance controls exist in accordance with the regulatory best practices and standards.
Ensures compliance requirements are documented appropriately and that applicable requirements to the Bank are maintained where processes are documented.
Ensures financial institution compliance with laws and regulations.
Partners with different members of management to accurately determine the institution’s extent of compliance and provide information on compliance changes that affect them.
Oversees the development of corporate compliance policies and procedures and ensures policies accurately and effectively communicate legal and regulatory requirements and meet internal policy and procedure standards.
Reviews and initiates updates to policies and procedures.
Ensures compliance training is ongoing for officers and employees.
Monitors and reviews outsourced compliance audits and prepares appropriate responses and corrective action plans for Audit Committee’s review.
Provides guidance during new product development to insure compliance with legal and regulatory requirements.
Partners with independent third party auditors and regulatory examiners in their audit/examination process.
Travels on company business.
Regularly exercises discretion and judgment in the performance of other essential job functions.
Maintains good punctuality and attendance to work.
Follows Bank policy, procedures and guidelines.
Knowledge, Skills & Abilities:
Knowledge and understanding of compliance processes, risk management and activities associated with a multi-state community bank.
Knowledge of banking regulations related to consumer protection and disclosure.
Ability to communicate clearly with all levels of management within the organization.
Ability to communicate effectively both verbally and in writing.
Excellent organizational and documentation skills with attention to detail.
Ability to demonstrate effective research and analytical skills.
Ability to multitask while working independently, without close supervision
Ability to use specialized software to complete job responsibilities.
Ability to travel on company business.
Ability to work all hours as needed.
Equipment Used in Job Performance/Working Environment:
Major Job Demands (Physical/Mental):
Bachelor degree required or commensurate work experience required.
Minimum of ten (10) years’ work experience in leadership roles in the banking industry with increasing levels of responsibility, specializing in risk management with specific emphasis on regulatory compliance, or as a federal compliance regulator, required.
Valid driver’s license and good driving record required.
Certified Regulatory Compliance Manager (CRCM) preferred.
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