New

Compliance Advisor

Old Second National Bank
remote work
United States, Illinois, Downers Grove
Feb 21, 2025
Who We Are At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started. With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together! Position Overview: The Compliance Advisor will be the subject matter expert and primary source for direction and day-to-day support to the various business units on loan servicing compliance related issues. This position will interface with all levels of management and personnel. Strong interpersonal skills, good judgement, excellent written and oral communication skills, and the ability to collaborate effectively are vital for success in this role. Essential Job Functions: Maintain a strong technical understanding of applicable banking laws, regulations, and regulatory guidance as they apply to banking products, services and processes Ensure bank-wide internal controls, policies and procedures are compliant with applicable banking laws and regulations through testing Manage the regulatory change process by maintaining timelines needed for newly promulgated or amended laws and regulations and working closely with business unit partners to ensure thorough implementation Serve as the subject matter expert and provide support to lines of business on loan servicing compliance-related issues, including, but not limited to loss mitigation and collections Assist with the completion of the Compliance Risk Assessment to determine residual risks facing the Bank Assist with the review of loan related new products and/or services prior to launch Collaborate with the Training Department to develop compliance training when necessary for new rules or identified deficiencies and determine annual loan compliance training assignments for the Board of Directors, officers and staff Review and approve loan advertising and/or marketing material, evaluating for regulatory and UDAAP risk Assist the Compliance Manager during internal audits and regulatory exams and on any corrective action plans assigned to the Compliance Department Review customer complaints and monitor for any potential trends that may a need for enhanced controls Required Qualifications Bachelor's degree and three or more years of broad compliance or risk management centric experience in a financial institution setting, or specific loan servicing compliance expertise; or equivalent combination of education and experience. Competencies: Experience with consumer and commercial lending regulations specific to loan servicing and post-closing. Applied knowledge of commercial and consumer lending regulations, including, but not limited to: HMDA, RESPA, Reg B, Reg Z, Safe Act, FCRA, etc. Preferred, but not required: Loan servicing compliance experience (testing compliance; writing reports and trending errors) Compliance department experience (knowledge of compliance management systems (CMS); regulations) CRCM (shows enhanced understanding of compliance regulations and CMS) Location Details This position may be eligible to be fully remote dependent upon business needs. With management approval, an incumbent may work remotely to perform the regular responsibilities of the role. Remote work must be performed in Illinois. Business needs may require the incumbent to work onsite as needed. Compensation & Benefits Base pay: $68,000 - $90,000 Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience. Benefits: How We Support You - Old Second Thanks for considering Old Second!