VP, Compliance Officer (CRA)

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. In particular, the Compliance Officer will assist in monitoring and providing guidance on, 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, and under its AML/BSA program. 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 BSA regulatory requirements by completing compliance testing and quality control reviews using established monitoring procedures to determine 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 BSA/AML/OFAC compliance.

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.
• Perform evaluation, monitoring, and investigation of customer accounts for suspicious activity under the Bank's BSA/AML/OFAC program.
• Provide training and advice to branch employees and other frontline staff on retail branch operations, including with respect to the Bank's CIP, BSA, AML, and transaction monitoring programs.
• 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.
• Conduct reviews of all customer accounts that are assigned a BSA high-risk rating and perform trend analysis, making recommendations to the CCO for risk status changes.
• 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 required.
• CRCM-related certification preferred.
• Strong knowledge of lending and deposit operations, consumer protection laws and regulations, including the Community Reinvestment Act, Bank Secrecy Act, and Anti-Money Laundering laws and regulations.
• Thorough working knowledge of bank operations and banking policies and procedures.
• 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.

PM20 #BK

PI042a3507f459-30210-34634109

Location: Carmel, Indiana, US

Posted Date: 7/3/2024