Chief Compliance Officer

Central Bancompany - Jefferson City, MO

Full-time - Senior

Jefferson City, MO

Management of Companies and Enterprises

About the position

The Chief Compliance Officer will play a crucial role in managing the compliance management system, focusing on compliance risk oversight and counsel within the company. This position is responsible for ensuring that all components of the compliance management system are effectively implemented and functioning, particularly in areas such as fair banking and mortgage loan quality control. The role requires strong attention to detail and excellent communication skills, as the individual will lead a team and report directly to the Chief Risk Officer.

Responsibilities

• Ensure an effective compliance risk management program that aligns with regulatory requirements and industry best practices.
• Monitor and analyze changes in regulatory requirements and assess their impact on the Bank's operations.
• Provide oversight for preparing and submitting required regulatory reports and filings.
• Liaise with regulatory bodies and respond to inquiries and examinations.
• Assess compliance risk exposure and provide ongoing reporting on risk levels and direction.
• Identify significant compliance risks and promote early detection of compliance issues.
• Advise the executive team on compliance risks related to strategic decisions, including new products/services and vendors.
• Develop and implement corrective action plans for identified compliance issues.
• Oversee administration of compliance training programs for employees and management.
• Partner with Bank management to ensure employees understand their compliance responsibilities.
• Review and update compliance policies and procedures regularly to ensure consistency with regulatory requirements.
• Advise and elevate significant compliance issues to the executive team and Board of Directors.
• Foster a strong culture of compliance and encourage ethical behavior within the organization.

Requirements

• Bachelor's degree in business, finance, law, or a related field (advanced degree preferred).
• Minimum of 7-10 years of experience in compliance, preferably within the banking or financial services industry.
• Strong knowledge of banking regulations, including CRA, Fair Lending, and consumer protection laws.
• Excellent analytical, organizational, and communication skills.
• Ability to work independently and make informed decisions.
• Proven track record of managing compliance programs and leading compliance initiatives.
• Certification in compliance (e.g., CRCM) is preferred.