VP/Compliance Officer

About the position

Industrial Bank is seeking a qualified candidate for the position of VP/Compliance Officer to work in our Risk Management department reporting to the SVP/Chief Risk Officer at our administrative office at 99 Commerce Place, Largo, MD. Industrial Bank is a successful and established African American owned and operated financial institution. It is a distinguished Community Development Financial Institution, with a Mission 'To make a difference in people's lives and the economic development of their communities'.

Responsibilities

• Perform the functions and oversee the Banks consumer compliance management program.
• Implement a bank compliance monitoring system.
• Develop a comprehensive compliance-training program for bank personnel.
• Maintain a reference system that provides guidance on regulatory changes.
• Ensure compliance with Fair Lending, Fair Credit Reporting, and Community Reinvestment functions.
• Comply with the Home Mortgage Disclosure Act.
• Meet compliance and audit requirements.

Requirements

• A bachelor's degree in business administration, banking, or equivalent work experience.
• Five (5) to ten (10) years of related experience and/or training; or equivalent combination of education and experience.
• Knowledge of consumer regulations.
• Knowledge and experience in Fair Lending Regulations.
• Knowledge and experience in Fair Credit Reporting.
• Knowledge and experience in Community Reinvestment Act.
• Knowledge and experience in the Home Mortgage Disclosure Act.
• Knowledge of Computer software e.g., MS Office suite.

Nice-to-haves

• Professional certification, such as Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), or Certified Regulatory and Compliance Professional (CRCP), regarded as an asset.
• Proven success in the risk management field.

Benefits

• Long and Short Term Disability Plans
• Life Insurance with AD& D twice the employees annual salary
• Health/prescription plans
• Dental insurance
• Vision insurance
• Personal days
• Sick/safe days
• Vacation days
• 11 paid holidays
• 401k plan