Senior Compliance Advisor
Company: Old National Bank
Location: Grand Rapids
Posted on: September 4, 2024
Job Description:
Senior Compliance Advisor
Job Locations
US-IN-Evansville - US-MN-St Louis Park - US-IL-Chicago -
US-IL-Joliet - US-IN-Indianapolis - US-KY-Louisville -
US-TN-Nashville - US-TN-Brentwood - US-MI-Grand Rapids
Category/Function
Risk/Security
Position Type
Regular Full-Time
Requisition ID
2024-14868
Overview
Old National Bank has been serving clients and communities since
1834. With $50 billion in total assets, we are a regional
powerhouse deeply rooted in the communities we serve. As a trusted
partner, we thrive on helping our clients achieve their goals and
dreams, and we are committed to social responsibility and investing
in our communities through volunteering and charitable giving. Our
team members are our greatest asset, and we continually invest in
their growth and development. We offer a variety of Impact Network
Groups led by team members who are passionate about driving
engagement, creating awareness of diverse backgrounds and
experiences, and building inclusion across the organization. We are
currently seeking a Senior Compliance Advisory Services Officer
that will serve as the primary Compliance Department point of
contact for assigned lines of business and/or regulatory topics.
The individual is responsible for pro-actively advising on all
applicable federal and state regulatory compliance matters;
ensuring the Corporate Compliance Program is appropriately
implemented; and promoting a strong compliance culture. The role
will report to the Compliance Advisory Services Manager and is part
of the Compliance/Risk Management team (the "second line of
defense"). This position is a senior level role that will be
expected to regularly interact with stakeholders, including
business management, other Compliance and Risk team subject matter
experts, internal legal counsel, and others. This position requires
someone with all the following qualifications:
- Consumer and Mortgage Servicing
- Collections / Loss Mitigation experience.
- strong compliance background in mortgage and consumer loan
lending.Key Accountabilities Overseeing the effectiveness of the
Line of Business Compliance Program:Working with the line of
business to complete and maintain current compliance risk
assessments. Ensuring appropriate business policies and procedures
for applicable regulatory requirements.Conducting ongoing
monitoring related to key compliance risks. Assessing regulatory
compliance training needs for the assigned businesses, reviewing
course content, and ensuring appropriate role assignments.
Investigating root causes of compliance findings (issues) and
compliance-related complaints to identify trends and ensuring
appropriate corrective action is taken. Ensuring business process
or system changes address regulatory requirements. Reporting and
escalating concerns to Compliance and line of business management.
Proactively work with business personnel and stakeholders to
mitigate compliance risk:
- Serve as the regulatory compliance
subject-matter-expert to the line of business for: Researching and
advising on general compliance questions.Supporting the development
of strategic projects and initiatives. Assessing the impact of, and
helping define action plans for, implementing regulatory changes,
new supervisory guidance, and industry enforcement action
trends.Reviewing proposed changes to compliance related policies
and procedures. Assisting the line of business in determining
actions to address compliance findings.
- Maintain current knowledge of applicable laws, regulations, and
industry trends. Evaluate changes in industry practice and
legal/regulatory requirements and ensure that timely appropriate
action is taken. Assist, as needed, in preparations for compliance
regulatory exams and internal audits related to assigned areas.
This includes gathering and reviewing of all requested information
and/or assisting in responding to questions. Provide ongoing
reports to the Compliance Advisory Services Manager, the assigned
line of business management team and any governance committees on
relevant compliance risk topics.Qualifications and Education
RequirementsBachelor's degree (preferred), or equivalent work
experience.Minimum of 10 years of relevant regulatory compliance
experience in the Banking or related industry, with progressive
responsibility.Certified Regulatory Compliance Manager (CRCM)
(preferred).Strong technical understanding of applicable banking
laws, federal and state regulations, and regulatory guidance as
they apply to banking products, services, policies and procedures.A
solid understanding of compliance risk management principles and
regulatory expectations.Demonstrates conceptual thinking and
analytical skills. Advanced problem-solving skills with the ability
to define problems, analyze the variables and propose
solutions.Strong verbal, written and presentation communication
skills. Ability to create and present written reports. Strong work
ethic, attention to detail, strong time management skills, works
well under deadlines, ability to multi-task.Ability to build and
maintain strong working relationships with business partners,
teammates, and stakeholders.Required competency with Microsoft
Office Suite products and general end-user computing applications.
Old National is proud to be an equal opportunity employer focused
on fostering an inclusive workplace and committed to hiring a
workforce comprised of diverse backgrounds, cultures and thinking
styles. As such, all qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, national origin, protected veteran status, status as
a qualified individual with disability, sexual orientation, gender
identity or any other characteristic protected by law. We do not
accept resumes from external staffing agencies or independent
recruiters for any of our openings unless we have an agreement
signed by the Director of Talent Acquisition, to fill a specific
position Our culture is firmly rooted in our core values. We are
optimistic. We are collaborative. We are inclusive. We are agile.
We are ethical. We are Old National Bank. Join our team!
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If you're qualified for a position but need additional help with
the application because of a disability, please email
HRservices@oldnational.com (This email will respond to
accommodation requests only.)
Keywords: Old National Bank, Grand Rapids , Senior Compliance Advisor, Other , Grand Rapids, Michigan
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