Principal Compliance Officer

Minnwest Bank; Minneapolis (MN); On-site; USD 103,000 - 128,750; Full time

Benefits offered by this job

Comprehensive Medical, Vision and Dental Insurance

Retirement savings including 401(k)

Paid Holidays and Competitive Paid Vacation Days

Tuition Reimbursement

Job summary

Minnwest Bank in Minneapolis is seeking a Compliance Officer to administer programs that ensure compliance with banking laws and regulations. The ideal candidate should have a Bachelor's degree, at least 5 years of bank compliance experience, and relevant certifications. Responsibilities include monitoring compliance, preparing reports, and assisting with audits. Minnwest offers a comprehensive benefits package, including medical insurance, retirement savings, and generous paid time off.

Qualifications

• 5+ years bank compliance experience required.
• Certifications to include CBAP, CCBCO, CRCM or comparable certification.
• Secondary Market mortgage knowledge is preferred.

Responsibilities

• Assist in administering and monitoring compliance with laws and regulations.
• Research federal and state laws to ensure compliance.
• Prepare and submit regulatory mandated reporting.

Skills

Strong analytical skills

Ability to multi-task and organize priorities

Thorough banking and compliance knowledge

Experience in interpreting and applying legal and regulatory compliance

Education

Bachelor's degree (B.A.), preferably business related

Tools

Microsoft Office Suite

Fiserv Premier

Job description

Branch Location(s)

Branch Location(s): Eagan, Farmington, Minnetonka, Redwood Falls, or Waseca, MN

About Minnwest

About Minnwest: Minnwest is a family owned, community bank based in Minnesota and South Dakota. We believe our success is measured by the extent in which we have a positive impact on the communities we serve. We are committed to building strong, vibrant communities through our core values:

• The customer is the first priority.
• We will keep all of the commitments we make.
• We are the people who get things done.
• We will work together as a team.

Job Summary

Administers and monitors programs for compliance with laws, regulations and rules governing operations and product offerings. Helps to ensure adequate policies and procedures for compliance exist and work effectively and efficiently for all Minnwest Subsidiaries. Prepares and submits selected regulatory compliance reports for all subsidiaries.

Duties and Responsibilities

Responsibilities include, but are not limited to:

Compliance Program Administration

• Assist in administering and monitoring a program that ensures Minnwest\'s compliance with law, regulations, and rules governing banking and related interests.
• Research federal and state banking and insurance laws and regulations, review the corporation\'s policies and procedures to ensure compliance.
• Assist in the development and maintenance of compliance policies and procedures.
• Assist in providing detailed instructions to all subsidiaries describing procedures to follow.
• Participate in projects, as assigned, to provide compliance guidance for product and service changes including new product rollout.
• Prepare, complete and submit regulatory mandated reporting.
• Assist in the completion of all regulatory exams.

Compliance Review and Audit

• Formulate practical review functions to be incorporated into operational procedures, resulting in safety, soundness, regulatory compliance and operational efficiency.
• Assist in completion of annual mortgage division review & training plan development and execution.
• Periodically review compliance practices in the banks and other subsidiaries to identify weaknesses and provides suggestions for corrective action.
• Assist the internal auditors in developing an annual risk-based compliance audit ensuring that those areas with greatest potential risk receive appropriate audit attention.
• Evaluate all marketing material, new product development, and disclosures and advertisements to ensure compliance with regulatory requirements.
• Assist in preparation of periodic compliance reports to the Management Committee and Minnwest Corporation’s Board of Directors.
• Review, interpret and provide assistance to managers in developing responses to exam or audit findings.

Compliance Communication and Training

Development and delivery of annual and periodic training content, ensuring compliance topics are covered in Standard Operating Procedures, review compliance education offered to and completed by the bank and other subsidiary personnel.

Other

Maintain knowledge and understanding of Minnwest Corporation and its subsidiaries business. Uhold employment guidelines/ Perform all duties in compliance with policy, procedure and process

Qualifications

• Bachelor\'s degree (B.A.), preferably business related
• 5+ years bank compliance experience
• Certifications to include CBAP, CCBCO, CRCM or comparable certification
• Thorough banking and compliance knowledge
• Experience in interpreting and applying state, federal, and agency legal and regulatory compliance requirements
• Secondary Market mortgage knowledge
• Strong analytical skills
• Ability to multi-task and organize priorities
• Develops and maintains knowledge of compliance and internal control requirements necessary to complete the job
• Ability to interpret regulations and translate for other staff, considering and acknowledging impact across all areas of the business

Preferred Qualifications

• Bank compliance examination experience
• Advanced Microsoft Office skills including Excel, Word, Outlook, PowerPoint, etc.
• Experience with Fiserv Premier

Schedule

Schedule: Monday – Friday: 8:00 a.m. – 5:00 p.m.

• Requires face-to-face interaction and coordination of work with other employees and departments, and in-person interaction.
• Working at a computer and utilizing a telephone
• Occasionally lifting up to 50lbs

Salary Range

Salary Range: $103,000 - $128,750 annually + bonus opportunity

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. The salary range represents anticipated base pay for this role. The actual pay offered will consider internal equity and may vary based on factors including but not limited to work location, candidate’s job-related knowledge, skills, and experience, among other factors.

Minnwest Benefits

Minnwest Benefits: In addition to salary, Minnwest Bank offers a comprehensive benefits package, including incentive and recognition programs. Minnwest Bank is focused on taking care of our employees and their families, and supporting their health and financial well-being, including:

• Comprehensive Medical, Vision and Dental Insurance
• Retirement savings including 401(k) with Employer Match and Employee Stock Ownership Plan (ESOP)
• Paid Holidays and Competitive Paid Vacation Days
• Short- and Long-Term Disability
• Life, Critical Illness, and Accidental Insurance
• Tuition Reimbursement and Career Development Opportunities
• Employee Assistance Program (EAP)
• Paid Time Off to volunteer in your community
• Opportunities to connect with others through our diversity and inclusion focused Employee Resource Group

All benefits are subject to eligibility requirements.

A full background check, including federal, state, county, and civil, and general financial credit check will be conducted on the final candidate for this position. Candidate must pass the background check and financial credit check in order to obtain employment with Minnwest. Failure to meet any of the requirements may result in a rescission of your offer of employment.

EEO: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.