AVP – VP Compliance Officer

Location:  Los Angeles, CA

Department:  Compliance (Risk Management Group)

Reports To:  Chief Risk Officer/Compliance Manager

Job Code:  224CV

POSITION OVERVIEW:

Assist the Compliance Manager with administering the daily activities of the Bank’s Compliance Management Program and Risk Assessment. The Compliance Officer will act as a leader and work on various compliance areas including training, monitoring reviews, policy and procedures, and product development, with each department of the bank. This will include planning, developing, executing and reporting results. This position is responsive to new regulations as well as changes to existing regulations. In addition, the Compliance Officer is responsible for providing compliance support, communication, and interpretation of compliance rules and regulations to bank employees and researching regulatory issues as they arise.

This position requires an in-depth knowledge of federal and state regulations in order to effectively assist in researching, preparing, implementing, maintaining, developing, and tracking all Bank of the Pacific compliance for new and existing products, services, and delivery systems.

POSITION RESPONSIBILITIES:

• Work with the Bank’s Compliance Manager to support the activities of the bank’s compliance program.
• Maintain a professional level of industry and compliance proficiency by attending banking industry and compliance seminars and subscribing to applicable periodicals.
• Maintain a working knowledge of banking laws and regulations.
• Is kept fully apprised of management’s compliance objectives for the bank.
• Establish and maintain good working relationships with other employees, management, external auditors, and examiners.
• Serve as a central resource for bank staff to provide assistance regarding compliance issues.
• Participate in compliance meeting with Compliance Committee Team members.
• Work with Bank’s Compliance Manager to schedule, assign, and conduct compliance training to ensure the bank’s board of directors, bank officers and staff are provided with sufficient education to ensure compliance.
• Develop and perform compliance monitoring programs to meet compliance objectives, for all departments of the bank. This includes reviewing, evaluating and verifying the soundness, adequacy, and application of controls and procedures.
• Collect, analyze, interpret and document information which supports compliance monitoring results.
• Make recommendations to bank management regarding (1) internal controls and safeguards, (2) regulatory and legal compliance, and (3) changes to the bank’s policy and procedure manuals.
• Work with Bank’s Compliance Manager with monitoring evaluations in the form of written compliance reports.
• Evaluate management responses to all compliance reports, tracking findings, and verifying that remediation is implemented.
• Review forms and documents for compliance with regulatory requirements.
• Conduct research as assigned and provide information regarding regulations, regulatory changes, and potential procedural impact.
• Serves as a liaison for all regulatory examinations.
• Assist during examinations or audits (both internal and external), including following up on and assisting in resolving cited violated and/or deficiencies.
• Comply fully with all Bank policies and procedures 

SKILLS/QUALIFICATIONS

• Maintain high standards of confidentiality and security
• Must possess good computer, written and oral communication skills
• Well-organized, analytical and capable of performing multiple tasks
• Ability to prioritize and use a sound judgment is required
• Ability to time management skills 

EDUCATION / EXPERIENCE

• Bachelor’s degree from accredited 4-year University desired or
• Minimum of 5 years’ experience in a financial institution with Compliance/BSA and/or audit experience

Estimated salary range:  $60K to $90K+ DOE, plus annual bonus, (possible signing bonus), medical, dental, vision, life, 401K, vacation

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