****Looking for a stimulating new job that will challenge and fulfill you? Look no further, you found us!

We are an employee and customer focused savings bank looking for an energetic full time Compliance Officer. This is a new position in our Compliance & Risk Management Department.

If you are extremely detail oriented;

If you are a rule follower;

If you enjoy researching and analyzing complex regulations;

If you are good at identifying issues and developing strategies to address them;

Please take a look at the job description below and if you are interested, please apply!

This is an in house position in our Operations Center @ 2 Center Street in Addams MA.

** Job Purpose:**

Administer effective Compliance and Community Reinvestment Act Policies and Programs. This will include planning, developing, executing, monitoring and reporting.

To administer the daily activities of the Bank’s Compliance Management Policy, Risk Assessment and Compliance Calendar. 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 Adams Community Bank compliance for new and existing products, services and delivery systems.

Critical Drivers:

• Regulatory compliance rating of at least ‘2’
• All compliance related issues resolved within 90 days
• All systemic compliance related issues identified internally through an effective compliance management system

****Job Duties

• Commit to and live by a no excuses environment whereby all employees are held 100% accountable for behaviors, actions, performance & attitudes.

• Adhere to all Adams Community Bank policies and procedures.

• 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.

• Complete file audits to assess the level of compliance with specific regulations, including but not limited to Equal Credit Opportunity Act, Truth-in-Lending Act, Real Estate Settlement Procedures Act, Fair Housing Act, Home Mortgage Disclosure Act, Flood Disaster Protection Act, Fair Lending and USA Patriot Act. The review process includes but is not limited to:

  • Selecting a representative sample of originated and non-originated files for review.
  • Conducting interviews with staff and management regarding standard practices and procedures.
  • Analyze selected files to determine level of compliance with specific laws and regulations.
  • Consolidate issues noted during review and prepare a written report of findings including a summary of overall findings, a list of detailed exceptions and recommendations for improvement.

• Perform UDAAP marketing compliance reviews.

• Administer procedures for addressing customer complaints including internal points of contact.

• Complete Home Mortgage Disclosure Act (HMDA) file audits on closed and non-originated loan files to ensure compliance with Regulation C/HMDA. The review process includes but is not limited to:

  • Perform individual file monitoring.
  • Consolidate issues noted during monitoring reviews and prepare a written report of findings including a summary of overall findings, a list of detailed exceptions and recommendations for improvement.
  • Coordinate efforts with other departments to maintain and prepare the HMDA LAR for annual filing.

• Assist Management in new product or service initiatives to ensure compliance with applicable laws and regulations prior to implementation.

• To support the activities of the bank’s Community Reinvestment program:

  • Recommend and implement enhancements to the CRA Policy and Program that efficiently and effectively prepare the bank for successful CRA examinations.
  • Ensure that the bank’s community reinvestment activities are tracked, analyzed and modified as appropriate to ensure at least a satisfactory rating.
  • Manage relationships with business units for collaboration in developing and monitoring performance goals that meet the bank’s CRA objectives.
  • Prepare and present a semi-annual review and self-assessment of CRA activity (analyze CRA lending, service, and investment performance) to management.
  • Provide training and advisory services as needed to areas of the bank regarding CRA.
  • Assist in preparation for, and management of CRA examinations and internal audits, including coordination and the collection of information, materials and other data.
  • Ensure locations are geo-coded properly to properly assess CRA Service test performance.
  • Collect CRA data and coordinate with others in the bank to identify Community Development Loans, Investments, and track Service Activities.
  • Prepare assessment area, census tract, and branch/ATM location mapping.
  • Maintain required updates to CRA notice and the Public File. Other duties as assigned.

• 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.

• Keep 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.

• Conduct monthly compliance meetings with Compliance Committee and maintain minutes from the meetings.

• Schedule, assign, and conduct compliance training to ensure the bank’s Board, management, 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.

• Report compliance monitoring evaluations in the form of written compliance reports to management and the Audit Committee.

• 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.

• Serve as a liaison for all compliance regulatory examinations.

• Assist during examinations or audits (both internal and external), including following up on and assisting in resolving cited violations and/or deficiencies.

You must be able to pass a background and credit check.

Adams Community Bank offers a competitive salary, people who are passionate about what they do, committed to excellence, and know how to have fun doing their work.