Compliance Officer

lsb s.l.; Norwalk (IA); On-site; USD 95,000 - 130,000; Full time

Benefits offered by this job

Paid Vacation

Medical coverage

HSA Account

401(K) plan with employer match

Profit Sharing

Job summary

Luana Savings Bank is seeking a senior Compliance Officer to lead the Bank's Compliance Management System, overseeing CRA, BSA/AML oversight, and consumer compliance. You will serve as a trusted advisor to executive management and the Board on regulatory risks and changes, coordinating examinations, and developing policies to ensure a strong culture of compliance.

Responsibilities include monitoring evolving regulations, reporting to the Board, and chairing the Compliance and CRA committees

Qualifications

• Three or more years of progressive compliance experience in a financial institution.
• Regulatory examination experience with ability to manage multiple regulatory priorities.
• Balance strategic oversight responsibilities with active participation in daily compliance operations.
• Highly attentive to detail and accuracy with excellent organizational and time management skills.
• Strong analytical skills and ability to interpret complex regulations.
• Ability to write and implement strong policies and procedures.
• Relocate within 25 miles or willingness to relocate; include details in cover letter or resume.

Responsibilities

• Oversee the CMS; administrative direction and effectiveness of the Bank's compliance management system.
• Lead enterprise-wide consumer compliance, CRA, regulatory compliance, and BSA oversight.
• Advise management and the Board on compliance matters and regulatory risks.
• Develop, review, and maintain compliance-related policies and procedures.
• Coordinate regulatory examinations and oversee corrective actions from findings.
• Chair the Compliance and CRA committees.
• Monitor regulatory changes and communicate requirements across the Bank.

Skills

Regulatory compliance

CRA program management

BSA/AML oversight

Regulatory examinations

Policy development

Written and verbal communication

Detail-oriented

Time management

Relocation willingness

Travel flexibility

Education

Associate's Degree or equivalent banking/compliance experience

Bachelor's Degree in Finance, Business, Accounting, Risk Management, or related field

Tools

Jack Henry core systems

Kadince

Verafin

Job description

(This position is open to mid- to experienced- level candidates and may be located in Norwalk, Polk City, New Hampton, or Ossian, Iowa offices, depending on candidate's location.)

Responsibilities

Serves as the Bank's Compliance Officer responsible for the overall administration, direction, and effectiveness of the Bank's Compliance Management System (CMS). Oversees enterprise-wide consumer compliance, Community Reinvestment Act (CRA), regulatory compliance, and Bank Secrecy Act (BSA) oversight. Ensures the Bank maintains a strong culture of compliance while balancing regulatory expectations with operational efficiency. Serves as a trusted advisor to executive management and the Board of Directors on compliance matters and emerging regulatory risks.

Monitors regulatory changes, evaluates their impact, and communicates compliance requirements throughout the Bank. Provides executive management with information necessary to assess the institution's compliance with applicable laws and regulations. Identifies compliance responsibilities, organizes and directs compliance activities, and prepares reports for executive management, the Board of Directors, and the Compliance Committee. Develops, reviews, and maintains compliance-related policies and procedures. Reviews new products, services, and operational changes to identify regulatory requirements and compliance risks prior to implementation.

Responds to compliance inquiries from all departments. Develops compliance monitoring activities to assess adherence to applicable laws, regulations, and internal policies. Coordinates regulatory compliance examinations and manages corrective actions resulting from examination findings. Serves as chairperson of the Compliance and CRA committees.

• CRA (Community Reinvestment Act): Responsible for developing and administering all aspects of the Bank's Community Reinvestment Act program. This position develops programs to ensure the Bank meets the needs of the community and attains CRA compliance goals, maintaining a Satisfactory or better CRA rating during regulatory examinations. Advises on emerging CRA issues to ensure objectives are maintained. May participate with or delegate maintenance of relationships with community-based, charitable, and non-profit organizations as appropriate. Maintains CRA data, CRA Public File, and CRA examination coordination.
• BSA (Bank Secrecy Act) / AML (Anti-Money Laundering): Provides oversight of the BSA/AML compliance program while supporting the designated BSA Officer. Monitors overall program effectiveness, reports significant compliance risks to executive management, and ensures appropriate governance without assuming day-to-day responsibility for suspicious activity monitoring or case management.
  

Required Skills

• Three or more years of progressive compliance experience in a financial institution
  
• Regulatory examination experience with ability to manage multiple regulatory priorities
  
• Ability to balance strategic oversight responsibilities with active participation in daily compliance operations
  
• Highly attentive to detail and accuracy with excellent organizational and time management skills
  
• Strong analytical skills
  
• Ability to research and interpret complex regulations
  
• Ability to write and implement strong policies and procedures
  
• Team player attitude to process compliance related tasks efficiently and accurately
  
• Effective communicator and influencer
  
• Satisfy internal compliance related inquiries in a prompt and professional manner
  
• Promote Luana Savings Bank to the surrounding area
  
• Professional appearance and behavior
  
• Follow all established policies, procedures, and regulations
  
• Reside within a 25 mile radius from the designated office or willing to relocate - please include location/relocation details in cover letter or resume submission
  
• Associate's Degree or equivalent banking/compliance experience
  

Desired Skills

• Working knowledge of applicable banking regulations, including but not limited to:
  • Regulation B,Z, DD, CC, E
  • HMDA
  • Flood Regulations
  • UDAAP
  • Fair Lending
  • CRA
  • BSA/AML
• Experience in Jack Henry core systems
  
• Experience in Kadince (CRA system)
  
• Experience in Verafin (BSA system)
  
• Board or executive level presentation experience
  
• Certified Regulatory Compliance Manager (CRCM) designation by the ABA or other related/comparable compliance training designations that reflect core competences in the compliance field
  
• Bachelor's Degree in Finance, Business, Accounting, Risk Management, or related field
  

Additional Info

• At-Will, Full-Time position based on 40 hours per week
• Schedule is 8AM-4:30PM M-F
• Travel: Minimal for occasional training
• Employment is subject to background and credit check

Benefits

• Paid Vacation, Sick, Personal, and Volunteer time off
• Single, spouse, or family medical coverage offered with majority paid by employer - Employer funded HSA Account compliments the medical coverage plan
• 401(K) plan with employer match
• Additional Profit Sharing Plan that tops the industry

Luana Savings Bank is the multi-year consumer-voted BEST BANK in the entire METRO per the Des Moines Register Metro's Best Competition. Operating with around 100 employees across 6 locations, we provide a team atmosphere where new ideas are encouraged. Every staff member is important and appreciated. We understand a successful business relies on staff contentment to provide the best customer experience possible. Our extremely low turnover rate and employee longevity, as many as 50 YEARS OF SERVICE, is a testament to why professionals choose a career with Luana Savings Bank.

Luana Savings Bank is an Equal Opportunity Employer