VP, Compliance Officer
Company: Merchants Bank of Indiana
Location: Carmel
Posted on: October 17, 2024
Job Description:
Description: The VP, Compliance Officer is primarily responsible
for administering monitoring programs under the Company's
compliance management system to assist in managing compliance risk
across the organization, monitoring the performance of the
compliance program, and recommending appropriate steps to improve
its effectiveness. In particular, the Compliance Officer will
assist in monitoring and guiding, the Bank's performance under the
Community Reinvestment Act through proactive evaluation of data
relative to area demographics and peer data, using that analysis to
drive recommendations for CRA performance objectives in designated
CRA Assessment Areas. The successful candidate will have a working
knowledge of federal and state regulations affecting financial
institutions.
A successful Compliance Officer will support the Chief Compliance
Officer (CCO) to ensure compliance with applicable consumer banking
and other regulatory requirements by completing compliance risk
assessments and testing and quality control reviews to determine
the effectiveness of internal controls within the business units.
Monitoring includes but is not limited to, loan and deposit
regulations, Home Mortgage Disclosure Act and CRA Data reviews,
fair lending analysis, and third-party compliance risk.
After one year as our VP, Compliance Officer, you will know you
were successful if you---
- Complete annual risk-based compliance monitoring schedule
developed by the Chief Compliance Officer and Compliance Committee
to ensure compliance with federal and state regulations and company
policies.
- Complete evaluation, monitoring, and documentation of CRA
Performance to stated CRA strategic goals.
- Help prepare and lead the Compliance Department through various
regulatory exams and internal and external audits, including
tracking and remediating any findings or exceptions.
- Participate in monitoring regulatory change and executing
implementation plans, providing training and advice to business
units on compliance matters.
- Assist in ensuring the accuracy of HMDA and CRA data and timely
reporting.
- Continuously demonstrates strong analytical ability to research
and interpret regulations and regulatory guidance, including CRA,
HMDA, and Fair Lending regulations and guidance.
- Assist in the preparation of monthly reports and Compliance
Committee materials.
- Support the Chief Compliance Officer (CCO) to ensure success in
achieving satisfactory CRA performance through ongoing evaluation
and monitoring of performance to stated goals.
- Provide support in scheduling and tracking Community
Development service and investment activities through the company's
MPACT program.
- Serve as a resource for regulatory matters and
compliance-related initiatives and respond to questions from
business units regarding interpretations of regulatory requirements
and applicable guidance.
- Maintain and enhance knowledge of regulatory compliance
requirements by participating in workshops, webinars, conferences,
and meetings, and by reading professional literature. Requirements:
What we are looking for---
- A bachelor's degree from an accredited four-year college or
university with a minimum of seven years of banking-related
compliance experience is required.
- CRCM-related certification preferred.
- Strong knowledge of the components of an effective compliance
management system, lending and deposit operations, and consumer
protection laws and regulations, including the Community
Reinvestment Act.
- Thorough working knowledge of bank operations and banking
policies and procedures, and experience in conducting compliance
risk assessments. Previous use of Archer is a plus.
- Ability to work well independently and as a team player;
collaboratively interface with other departments.
- Highly resourceful and self-motivated; strong problem-solving
skills and ability to think critically.Merchants Bancorp is a
diversified bank holding company headquartered in Carmel, Indiana
operating multiple lines of business, including Federal Housing
Administration (FHA) multi-family housing and healthcare facility
financing and servicing; mortgage warehouse financing; retail and
correspondent residential mortgage banking; agricultural lending;
and traditional community banking. Merchants Bancorp, with $17
billion in assets and $14.1 billion in deposits as of December 31,
2023, conducts its business primarily through its direct and
indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital
Corp., Merchants Capital Servicing, LLC, and Merchants Mortgage, a
division of Merchants Bank of Indiana.
We are very proud of being recognized both nationally as one of the
top-performing public banks in the US. By S&P Global Market
Intelligence and locally as a Best Place to work in Indiana for
seven consecutive years. Learn more about this read more here.
#LI-Onsite#PM20 #CL
PI4481b7483049-37248-35575385
Keywords: Merchants Bank of Indiana, Fort Wayne , VP, Compliance Officer, Executive , Carmel, Indiana
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