Job Description

and the job listing Expires on August 2, 2025

Job Title: Compliance Officer Status Exempt

Department: Compliance

Reports To: Compliance

Primary Purpose of the JOB:

The Compliance Officer position is designated by the Board of Directors and oversees the Compliance department. Responsible for establishing and maintaining a Bank-wide compliance program and compliance training for all Bank employees. Works closely with Bank counsel, other departments, compliance consultants, auditors, and examiners in fulfilling the above responsibilities. Provides necessary supervision and review of policy and procedure development, compliance audit procedures, and consumer complaint responses.

• Create a compliance program and continually maintain it
• Keep BOD, Management and other Bank personnel informed of the implementation of new regulations or changes to existing regulations
• Formulate and update risk assessments and Bank policies and procedures to maintain compliance with applicable statutes, regulations, and interpretations
• Investigate and respond to complaints submitted by consumers through regulatory agencies
• Prepare for regulatory examinations, function as liaison with regulators, and ensure an adequate corrective action process
• Develop and maintain current compliance audit programs writing new compliance audit programs and updating existing audit programs as regulatory changes or requirements occur
• Assist the Bank and Management in understanding and addressing all applicable laws and regulations. Develops and maintains corporate compliance policies and establishes compliance review procedures.
• Review audits and findings of Specialist and exams. Respond to any deficiencies in controls, duplication of effort, timeliness of response to compliance issue or lack of compliance with laws, government regulations, and management policies or procedures.
• Report actual or possible violations to the Board of Directors, Audit Committee, Senior Management as necessary.
• Collaborate cross-functionally with departments to assess new products and initiatives, ensuring adherence to regulations.
• Review and approve Advertising/Marketing and Bank disclosures for compliance with Advertising regulations.
• Attend compliance training/sessions to increase knowledge in compliance requirements and changes.
• Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance

Some of these duties and responsibilities can be delegated to other personnel. For example, Loan Review is responsible for ensuring that all loan documentation is in compliance with the various consumer laws and regulations. The Compliance Officer is then responsible for the periodic monitoring of that area to ensure compliance.

Other DUTIES:

• Other duties as assigned

Required Experience/SKILLS:

• Excellent oral and written communication skills
• Familiar with all areas of Banking
• Five to eight years related job experience
• Ability to handle various tasks simultaneously
• Attention to detail and confident ability to make prompt decisions

Required EDUCATION:

• Continued professional development and training in banking, auditing skills and compliance regulation
• Bachelors Degree, CRCM or equivalent specialized degree/job experience

Working CONDITIONS:

• Office environment with little exposure to physical hazards or conditions
• Ability to enter data into a computer and work with computer programs

WHAT CAN WE OFFER YOU:

• Working with an energetic team focused on making our customers financially successful!
• An opportunity to grow your career and do amazing things!
• Collaborative and energetic work environment
• Incentive program based on performance
• Paid Time Off (PTO) and Paid Holidays for Full Time/Part Time Employees
• Paid time to support your community!
• 401K match and Life Insurance (Full Time/Part Time Employees)
• Educational Assistance Program (Full Time/Part Time Employees)
• Employee Assistance Program

Authority

The Compliance Officer shall have access to all departments and documentation that may be necessary to fulfill his or her responsibilities. The Compliance Officer shall have the authority to implement corrective action upon discovering possible or actual violations. Any actions are subject to approval of the Compliance Committee (as applicable) and/or the Board of Directors.

Employees are expected to comply with all laws, regulations, bank policies and procedures, including specifically First State Banks Bank Secrecy Act and Anti-Money Laundering Policy and procedures, and its Customer Identification Program. Failure to comply with either the letter and/or spirit of these laws may result in disciplinary action, up to an including termination.

This job description does not list all the duties of the job. Supervisors or managers may ask you to perform other instructions and duties. You will be evaluated in part based on your performance of the tasks listed in this job description.

Management has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.

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