Live Chat Contact
October 3, 2023
Grade 7
Location: Sioux Falls, SD or Brookings, SD or Edina, MN or Roseville, MN

Overall Functions
This person helps manage the day-to-day technical aspects of the established compliance program, including administration of the compliance training program and supervision of the compliance process review program.

This person should have a bachelor’s degree and a minimum of seven years of experience as a compliance professional and compliance certification from at least one bank trade association. Comprehensive knowledge of all applicable federal and state consumer protection laws, regulations and regulatory guidance documents that affect the financial services industry is required. Strong written and verbal communication skills are required, along with excellent analytical and problem-solving skills. Must demonstrate a proven ability to multi-task and supervise staff when required. An above average knowledge of Microsoft Office applications is required.

1. Work closely with employees of each business unit, including members of senior management, to foster a team approach to managing compliance risk by constantly seeking ways to strengthen internal controls and/or employee training.
2. Complete risk assessments and serve as a compliance resource on projects during the implementation of new products, processes, and services, including review and implementation of new or enhanced policies and procedures.
3. Facilitate, maintain, and enhance, as needed, a comprehensive, risk-based compliance training program for new and existing employees.
4. Manage the Bank’s engagements of third-party compliance consultants and auditors. Provide oversight of engagement results.
5. Plan and conduct compliance reviews within established timeframes, ensuring all reviews conform to regulation as well as established departmental policies and procedures.
6. Prepare working papers and detailed reporting of findings and recommendations. Ensure corrective action is taken.

7. Submit monthly compliance department updates to be included in Compliance’s monthly board reports.
8. Provide technical expertise in analysis of corporate compliance risk. Compile data analysis for trends or patterns of risk within the organization.
9. Monitor new and pending changes to laws, regulations, and regulatory guidance documents that may affect the organization, and assist in the implementation of new requirements.
10. When required, be able to supervise a team of compliance officers, ensuring they receive the necessary continuing education, performance feedback, and motivation to perform their responsibilities.
11. Recommend enhancements and changes to the compliance program to ensure effectiveness.
12. Resolve consumer complaints.
13. Act in accordance with First Bank & Trust policies and procedures as set forth in the employee handbook.
14. Adhere to compliance procedures and participate in required compliance training.