Compliance Manager

Location: Cincinnati
Posted on: April 25, 2024

Job Description:

GENERAL FUNCTION: Assists Chief Compliance Officer in advocating and facilitating the development, implementation, communication, and maintenance of corporate-wide Compliance Risk Management (CRM). Responsible for all facets oftheLineofBusinesscomplianceprogram to ensure full compliance with state and federal laws, rules, and regulations (i.e. B, C, D, E, Q, DD, CC, M, U, X, Y, Z, HOEPA, and Predatory Lending). Actively engaged and readily available to work withExecutiveLineofBusinessDivision Head toaddress compliance matters. Manages Line of Business compliance staff.

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Responsible for managing the identification and assessment of risks (Fair Lending, Responsible Banking, CRA) and the execution of procedures to evaluate the Bancorp''s compliance with laws, regulations andindustrystandards.Evaluatesefficiencyandeffectiveness of existing programs, processes, and control within departmental operations and propose and implemeht solutions

ESSENTIAL DUTIES AND RESPONSIBILITIES:

.Assists the Chief Compliance Officer with the overall management of the Bank''s compliance program.

.Responsible for developing, strengthening, and implementing the Line of Business compliance program in compliance with existing laws and regulations, including governance, policies and procedures, monitoring, reporting, communications, and education.

.Initiates and facilitates collaborative alliances with Line of Business Risk Manager, Affiliate management, and corporate partners to ensure Line of Business compliance program is adequately managed.

.Assists in the development of strategic CRM goals and tactical and strategic planning systems.

.Communicates significant issues to senior management.

.Serves on various task forces or discussion groups to address compliance related issues.

.Oversees evaluations of Line of Business compliance processes and procedure effectiveness across Affiliates.

.Identifies opportunities, establishes action plans, and drives solutions to continuously improve compliance program, and increase efficiency.

.Liaisons with regulators as appropriate.

.Partners with the Director of Compliance Communications and Training Department to develop awareness, training, and required continuing education programs as it relates to specific laws and regulations.

.Provides leadership, coaching, and assessment to ensure optimum team and individual performance in support of department, division, and Bancorp goals.

.Builds industry relations through industry networking.

.Maintains a cutting edge awareness of division goals, regulatory and legislative developments, and industry trends.

.Assumes additional responsibilities and leads special projects as assigned.

.Participates in the analysis of lending policies and procedures, including scoring systems, strategic priorities, market share data, lending trends, external influences, current regulatory focuses, previous examination findings,andimputfromAuditandLegal, to develop a clear understanding of the Bank''s lending context as it relates to CRA/FLRB issues and risks.

.Conducts interviews and discussions with managers at all levels to understand the lending process, lending guidelines and technology platforms.

.Analyzes data by numerous delivery channels, geographic area, product types, facility, and even employee or officer to identify risks and develop and recommend scope or target for the review, corrective action/orperformancegapclosure.Developsandexecutes strategies for closing gaps in performance.

.Assess the adequacy of the business units''/affiliate''s recommended corrective action to the issues or gaps identified.

.Develops and reports findings to Senior Management regarding their business lines (Legal, Audit, and Senior level Operating Committees).

.Works with Sr. Leadership to set strategic direction for department and executes on those goals and objectives.

.Participates and/or leads regular meetings with peers to build and maintain knowledge of current and emerging issues and risk in the environment

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Keywords: , Covington , Compliance Manager, PR / Public Relations , Cincinnati, Kentucky