VP, COMPLIANCE & CRA MANAGER

PARKWAY BANK

Location: 4800 N. Harlem Avenue

Harwood Heights, IL 60706

Hours:

Monday/Tuesday/Wednesday/Thursday/Friday: 8:30 a.m. - 4:30 p.m.

Hours may change based on the needs of the bank.

Parkway Bank is looking for a Compliance & CRA Manager at our Main Bank, located in Harwood Heights, IL. We have been a leader in community banking for more than five decades and we are committed to growth and consistently offering the best in customer service, financial products, and services. Since first opening our doors in 1964, we continue to maintain a strong presence in communities through donations, volunteer work, and education. Come be a part of our team!

Position Summary

Responsible for overseeing and executing all aspects of Compliance and CRA programs within the organization. Works well across a variety of functional teams within the organization. Proficient at multi-tasking to achieve individual and team goals. Adept at working in a fast-paced environment while maintaining accuracy. Executes the strategy and innovative compliance initiatives to streamline the processes of the organization.

This individual is responsible for meeting/exceeding compliance and CRA related goals, as well as overseeing the CRA Officer's role and responsibilities.

This position does require management and supervisory responsibilities.

Function as a Compliance and CRA Manager of the bank performing all duties generally associated with this position including but not limited to:

• Responsible for developing and updating policies and procedures and maintaining an effective Compliance Management System (CMS) with all applicable banking laws and regulations.
• Serve as director of compliance and single point of contact in regulatory and audit exams; manage direct communication with FDIC examiners and internal/external audits and collaborate with department managers to ensure findings are appropriately remediated.
• Expertise in managing compliance with consumer financial protection laws, particularly focusing on preventing discriminatory lending practices (Fair Lending), identifying and mitigating unfair, deceptive, or abusive acts (UDAAP), adhering to Truth in Lending Act (TILA) disclosure requirements, and following the specific guidelines outlined in Regulation B, which implements the Equal Credit Opportunity Act (ECOA) to prohibit credit discrimination based on protected characteristics.
• Conduct comprehensive compliance reviews and identify potential areas of compliance vulnerability and risk; develop, implement, modify, and oversee monitoring plans and any corrective actions associated with regulatory requirements to ensure compliance with policies and procedures.
• Provide regular reporting to the Board of Directors and Compliance/CRA Committee regarding Bank's record of compliance.
• Oversee regulatory reporting requirements and ensure timely submissions of all required filings.
• Accountable for the management and oversight of compliance; reviewing existing laws, rules and regulations to identify potential gaps and implementation opportunities and make recommendations for internal alignment where necessary.
• Provide timely and appropriate day-to-day compliance guidance, help, and support to Senior Management, Board/Audit, Compliance Advisory, Marketing, Retail, Operations, Commercial and Consumer Compliance.
• Maintain up to date knowledge on regulatory changes and proactively communicate with legal counsel and business units to ensure risks are identified and mitigated.
• Provide initial and ongoing compliance training to management and staff and oversee adherence to required compliance training for new and current employees.
• Monitor consumer complaints to ensure timely and accurate responses with due consideration given to any relevant consumer protection regulation, accountability, and analyze trends and root causes for potential regulatory compliance risks and possible deficiencies of Bank policy and procedures.
• Facilitate and conduct compliance risk assessment and ensure risks are identified and effective and efficient risk management program is developed and maintained.

Function as the CRA Manager of the Bank to ensure full compliance and satisfactory results in CRA exams. Responsibilities include:

• Establish strategic and an effective Community Reinvestment Act (CRA) program to ensure the bank is addressing all requirements of the Community Reinvestment Act.
• Serve as Chair of the CRA Committee and conduct regularly scheduled quarterly meetings with minutes to the Board of Directors and Senior Management.
• Measure and review CRA program to determine benchmarked activity in the following areas: Lending, Investment and Community Service.
• Recommend programs to increase community development lending, CRA-qualified investments, skill and staffing needs in community service by the bank.
• Work with Department/Division Heads, Retail Managers and Commercial Loan Officers in decision making to implement programs that will improve the bank's community service performance and maintain effective and efficient CRA program.
• Provide input to Bank Management to ensure the bank's products and services are readily accessible to all businesses and individuals in bank's assessment area.
• Coordinate data collection of small business/farm, SBA, PPP, consumer loans and home mortgage loans (HMDA) with the responsible department/division to ensure accurate and timely reporting.
• Maintain documentation of qualified investments, community development lending and community development services.
• Follow all procedures and policies established by the bank.
• Perform other duties as required and/or assigned.

Qualifications:

• Minimum 5 years' practical and proven experience in one or more of the following roles: Regulatory Examiner, Compliance Consultant or Bank Compliance Officer/Manager/Auditor. Extensive knowledge of Federal and State regulations in consumer lending, retail Banking operations and compliance management.
• Strong management, organizational, team building, coaching and mentoring skills required.
• Strong analytical, statistical and problem-solving skills.
• The ability to speak publicly and conduct in person training on complex, linked, and overlapping regulatory topics.
• The ability to research and analyze rules and regulations as they relate to current business practices of the Bank and future business decisions of the Bank.
• The ability to identify and assess risk in both a theoretical and practical sense as it pertains specifically to the business practices of the Bank.
• The ability to make decisions quickly and effectively to resolve time sensitive compliance problems which could have material financial and legal implications for the Bank.
• Strong knowledge of banking products, practices, and procedures
• Effective leadership skills as well as strong planning and organizational skills with the ability to multitask
• Computer literate; ability to perform necessary computer-related input
• Proficient in Outlook, Microsoft Word, and Excel
• Good math and clerical skills
• Accurate and detail-oriented
• Ability to process information
• Ability to effectively communicate (oral and written) with fellow employees and others professionally
• Ability to read, write, and count to accurately complete all documents, reports, and bank documents.
• Ability to operate and understand business machines and equipment
• Effective judgment to process transactions, solve problems, make decisions, and react to unusual situations
• Ability to maintain confidential bank and customer information
• Ability to train and develop staff

Parkway Bank is an Equal Opportunity Employer

Benefits Offered:

Part-Time

Full-Time

• Dental Insurance
• 401(k) Plan
• Profit-Sharing
• Vacation
• Paid Sick/Personal Days
• Paid Holidays

• Medical Insurance
• Vision Insurance
• Dental Insurance
• 401(k) Plan
• Profit-Sharing
• Vacation
• Paid Sick/Personal Days
• Paid Holidays
• Life Insurance
• Short/Long-Term Disability
• Employee Assistance Program
• Paid Parental Leave
• Tuition Reimbursement