Job Information
Stockman Bank of Montana COMPLIANCE MONITORING OFFICER in Miles City, Montana
Dimension of Job
Management level position responsible for management and oversight of a bank-wide compliance monitoring program. This function includes researching and interpreting regulations, fielding questions from bank staff, and monitoring bank processes to measure compliance. Incumbent collaborates with department management affected by changing laws and regulation to ensure appropriate changes are implemented. Approximately 15 to 20% travel (not necessarily all overnight).
Position Specific Responsibilities, Duties and Competencies
Note: Only minimum responsibilities are listed. Other responsibilities may be required as requested by management.
Perform risk-based compliance monitoring to evaluate conformity with regulations and internal policies. Prepare and present reports of findings including root cause, ratings and proposed corrective actions.
Perform pre- and post-implementation monitoring of new / changing processes, to ensure changes conform to regulatory requirements and established bank policies & procedures.
Track and follow-up on responses to monitoring/audit/exam findings to evaluate effectiveness of corrective actions.
Keep abreast of new regulations and changing regulations. Assist the Director of Compliance in communicating anticipated impact of changes to management and suggest recommendations to achieve compliance.
Write and disseminate compliance information to staff; serve as resource.
Serve as a backup for reviewing forms, disclosures, and marketing material for regulatory compliance. Alert management of potential violations and provide recommendations for correction.
Assist in compiling information for internal audits and compliance examinations.
Education, Experience and Certification Requirements
Basic Qualifications:
Undergraduate degree in accounting, finance or related field plus five years’ experience in the banking industry. Financial industry-specific work may substitute for the higher education requirement.
Two years’ experience in a regulatory oversight position with demonstrated ability to effectively organize projects and prioritize workflow.
Effective knowledge of bank regulatory laws including TILA, RESPA, HMDA, TISA, Reg E, Reg CC and Flood
Demonstrated ability to provide information in concise verbal and written formats is essential for job success.
Working knowledge of Microsoft Office software.
Required to hold or obtain CRCM or CCBCO certification within 12 months of hire date.
Prior experience with Laser Pro or FiServ Premier a plus but not required.
Specific Skill Requirements:
Action Orientation – take initiative rather than passively waiting for direction.
Applied Learning Ability – understand new information and complex ideas quickly
Communication Skills (written and verbal) – disseminate complex information in an easily-understandable format to audience of varied knowledge level.
Creative Problem-Solving Ability – look for solutions to achieve desired results.
Strong Interpersonal Skills - ability to interact effectively with all levels of management.
Professionalism – maintain a professional attitude, image, and work ethic.
Promote the improvement of Stockman Bank through quality internal and external customer service, product promotion and diligent work ethic.
For the full description, which includes physical and mental demands, please see attachment.