Compliance Officer

MIDLAND FEDERAL SAVINGS AND LOAN ASSOCIATION; Bridgeview (IL); On-site; USD 80,000 - 105,000; Full time

Job summary

MIDLAND FEDERAL SAVINGS AND LOAN ASSOCIATION is seeking a meticulous Compliance Officer to implement and oversee the bank's compliance program, ensuring adherence to applicable laws, regulations, and internal policies. You will conduct regular audits, monitor regulatory changes, coordinate training, and report findings to senior management.

This role requires strong analytical, communication, and collaborative skills to uphold the institution's integrity.

Qualifications

• Bachelor's degree in Business, Law, or a related field.
• Proven experience as a Compliance Officer or in a regulated industry.
• Strong knowledge of regulatory requirements and industry best practices.

Responsibilities

• Develop and oversee the organization's compliance program to ensure adherence to laws, regulations, and standards.
• Conduct audits and assessments to identify compliance risks and recommend corrective actions.
• Stay up-to-date with changes in regulatory requirements and communicate these changes to relevant departments.
• Evaluate and Audit, Vendor Managment Policy and Procedure
• Prepare and present compliance reports to senior management and external stakeholders as needed.
• Act as the main point of contact for compliance-related inquiries and respond to concerns from employees and regulatory bodies.
• Foster a culture of compliance within the organization through training and awareness programs.

Skills

Analytical skills

Problem-solving

Communication skills

Education

Bachelor's degree in Business, Law, or related field

Advanced degree or certification (e.g., Certified Compliance & Ethics Professional)

Job description

Job Title: Compliance Officer

We are seeking a highly analytical and detail-oriented Compliance Officer to join our team. As a Compliance Officer, you will be responsible for ensuring that our organization complies with all external regulatory requirements and internal policies. The ideal candidate will possess a keen understanding of legal regulations and will work closely with management to implement effective compliance strategies.

Job Overview:

Key Responsibilities:

• Develop, implement, and oversee the organization's compliance program to ensure adherence to relevant laws, regulations, and standards.
• Conduct regular audits and assessments to identify potential compliance risks and recommend corrective actions.
• Stay up-to-date with changes in regulatory requirements and industry standards, and communicate these changes to relevant departments.
• Evaluate and Audit, Vendor Managment Policy and Procedure
• Prepare and present compliance reports to senior management and external stakeholders as needed.
• Act as the main point of contact for compliance-related inquiries and respond to concerns from employees and regulatory bodies.
• Foster a culture of compliance within the organization through training and awareness programs.

Qualifications:

• Bachelor's degree in Business, Law, or a related field; advanced degree or certification (e.g., Certified Compliance & Ethics Professional) is a plus.
• Proven experience as a Compliance Officer or in a similar role within a regulated industry.
• Strong knowledge of regulatory requirements and industry best practices.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively in a dynamic environment.
• High level of integrity and attention to detail.

Why Join Us?

• Be part of a team committed to ethical practices and compliance excellence.
• Opportunity to impact the organization by creating and maintaining robust compliance frameworks.
• Competitive salary and comprehensive benefits package.
• Professional development and growth opportunities within a supportive environment.

We are an equal-opportunity employer.