FVP – SVP Compliance Manager/CRA Officer

Department:  BSA/Compliance/CRA

Reports to:  EVP, Chief Risk Officer

Location:  Los Angeles, CA

Job Code:  J468F

The Compliance Manager oversees the Corporate Compliance and CRA Programs, functioning as an independent and objective body that reviews and evaluates compliance issues/concerns within the organization. The position ensures the Board of Directors, management and employees are in compliance with the rules and regulations of regulatory agencies, that company policies and procedures are being followed.

The Compliance Manager acts as staff to the CRO and chair of Management Compliance Committee by monitoring and reporting results of the compliance/ethics efforts of the company and providing guidance for the Board and senior management team on matters relating to compliance. The Compliance Manager is authorized to implement all necessary actions to ensure achievement of the objectives of an effective compliance program.

POSITION RESPONSIBILITIES:

• Ensures Bank is in compliance with Compliance (non-BSA) and CRA legal and regulatory requirements/laws.
• Develops, initiates, maintains, and revises policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal, unethical, or improper conduct; which include planning, organizing, and overlooking the daily lending and operational compliance activities of the bank
• Collaborates with other departments (e.g. Internal Audit, Human Resource, Operations, Loan, etc.) to direct compliance issues to appropriate existing channels for investigation and resolution
• Responds to alleged violations of rules, regulations, policies, procedures, and Standards of Conduct by evaluating or recommending the initiation of investigative procedures. Develops and oversees a system for uniform handling of such violations
• Monitors, and as necessary, coordinates compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends
• Develops an annual compliance monitoring calendar. Is responsible for ensuring monitoring is completed and reported
• Participates in various committees, audits, and examinations
• Provides reports on a regular basis, and as directed or requested; to keep the Management Compliance Committee, Board, and senior management informed of the operation and progress of compliance efforts
• Ensures proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required
• Acts as the CRA officer. Is responsible for overseeing the Bank’s compliance with CRA, compiling, analyzing and reporting CRA data in the areas of lending, investments, donations and services. CRA regulations that pertains to the bank. Ensure that the CRA public information is current, accurate and made available as required under regulation.
• Maintain Bank’s complaint file and public comments relating to CRA performance
• Responsible for developing the Compliance Training calendar on an annual basis and ensuring training content is accurate and complete.
• Responsible for developing and maintaining the Compliance Risk Assessment.
• Comply fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti Money Laundering, Code of Conduct, and etc.). Must complete all required training
• Assist the CRO as needed

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 required. Master’s degree desired
• Minimum of 10 years’ experience in a Financial Institution dealing with Compliance/BSA and/or audit experience
• CRCM highly preferred

Estimated salary range:  $150K to $180K (possibly higher base DOE), medical, dental, vision, life, 401K, vacation

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