Location
Champaign, IL | United States
Job description
At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.
Position Summary
Primary custodian of the policies, reporting frameworks, procedures and training that guide our employees’ adherence to laws, regulations and ethical standards. As such, responsibility for Compliance is not assigned to a given function (e.g., the Compliance Department), but is an integral part of Corporate Governance, and rests squarely on the shoulders of every manager within the Company. At the heart of our efforts to comply with laws and regulations is the Company’s Code of Conduct, which mandates that we are to undertake our activities with the utmost integrity. Hence, the Code sets the tone for compliance activities – to include programs administered by the Company’s Compliance officers. The Chief Compliance Officer (“The CCO”) assesses the extent to which our policies, business processes and procedures conform to our Code of Conduct and the legal and regulatory requirements of the jurisdictions in which the Company operates. As a member of senior management, he / she serves as adviser to the Board of Directors and executive management on appropriate measures to be taken to ensure ongoing regulatory compliance as the Company responds to changing market conditions.
Primary Accountabilities
The CCO ensures that:
- Management continually develops and applies policies and procedures with a view to meeting our standards of integrity, as well as federal, state and local legislation and regulations.
- Management develops new internal compliance directives and procedures as our business and regulation evolves.
- Employees are appropriately aware of, and trained on requirements imposed by regulation and law.
- The Company leverages systems and data effectively to reduce operational burden and produce clear, accurate and timely reporting on compliance status and risks.
- There remains constructive and open dialogue with key regulatory stakeholders in all Company jurisdictions.
- We maintain departmental programs and employ the Company’s enterprise risk management framework to routinely monitor all operations for breaches of laws, regulation, and ethics.
- We provide advice during management’s execution of operational procedures, such as the execution of a transaction or entry into a relationship with certain clients, or closure of accounts.
- Management is apprised of compliance requirements during the launch of new products and services.
- Management is apprised of new national and international legislation and regulation.
- Develops policy and standards for consumer compliance across all business units, products, services, forms, and disclosures.
- Collaborates with other departments to direct compliance issues to appropriate existing channels for investigation and resolution.
- Consults with the Bank legal counsel and others as needed to resolve complex legal compliance issues.
- Oversees periodic compliance assessments conducted by independent third parties.
- Ensures that compliance issues associated with new products and significant changes in existing products are properly evaluated and adequately addressed.
- Coordinates with Internal Audit & Assurance on assessments of business units and branches to ensure adherence to stated policies/standards of the Bank as mandated by federal law, regulation, and audits.
- Coordinates and conducts company-wide employee awareness training on compliance, as well as the Board of Directors.
- Provides reports on a regular basis, and as requested, to keep the Risk Policy & Compliance Committee and senior management informed of the operation, progress and effectiveness of compliance efforts.
- Coordinates with Risk Management and business units on compliance activities. Ensures proper reporting of violations to executive management and duly authorized enforcement agencies as appropriate.
- Supervises our CRA and Fair Lending programs to ensure that our CRA and fair lending efforts (1) are consistent with the letter and spirit of consumer affairs regulations, and (2) are leveraged to promote our brand and reputation in the communities that we serve.
General Responsibilities:
- The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
- May require work in a Midland office to ensure collaboration and support of internal and external customers.
- Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
- Other duties as assigned.
Position Qualifications
Education/Experience:
- Bachelor’s degree from an accredited college or university on related subject.
- Minimum ten years of demonstrated experience in banking, operations, and compliance.
- Compliance professional certifications are preferred but not required.
- Work is performed at various locations under varying conditions.
- Requires traveling to various locations and company branches and departments across the country in a timely manner.
- Required to meet multiple priorities and project due dates. May require late hours and weekends to complete assignments and projects.
- The position may be required to assist with bank-wide voluntary activities associated with the bank’s community services.
Competencies:
- Business insight
- Cultivates innovation
- Drives results
- Makes sound decisions
- Being a brand champion
- Collaborates
- Communicates effectively
- Customer focus
- Being Authentic
- Emotional Intelligence
- Self development
- Being flexible and adaptable
At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.
If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at [email protected].
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
Job tags
Salary
