Chief Compliance Officer

Company Description

Financial Federal Bank is a Memphis-based community bank specializing in Private Banking, Mortgage Banking, and Commercial Banking. With over three decades of experience, the bank is locally owned and operated, focusing on high-quality customer service and tailored banking solutions. Financial Federal serves individuals and businesses alike, helping clients with business growth, lifestyle changes, and new ventures. The bank offers a range of products, including business and personal deposits, lending solutions, and online banking services. Learn more by visiting FinFedMem.com.

Role Description

This is a full-time, on-site role for a Chief Compliance Officer located in Memphis, TN. The Chief Compliance Officer is responsible for developing, implementing, and maintaining the Bank’s compliance management program to ensure adherence to all applicable federal and state banking laws and regulations including, but not limited to, Fair Lending, Community Reinvestment Act, Bank Secrecy Act and HMDA. This role places strong emphasis on deposits and lending compliance, consumer protection, fair lending compliance and AML/BSA supervision.

Duties/Responsibilities:

· Interpret applicable laws and regulations, assess effectiveness of internal controls, and contribute to governance reporting and regulatory exam readiness.

·  Conduct CRA and fair lending monitoring to ensure compliance with applicable laws and regulations.

·   Review, updating and maintain compliance policies and procedures to ensure alignment with regulatory expectations.

·   Interpret and apply federal and state regulatory requirements relating to fair lending, deposits/loans, privacy and supervise AML/BSA.

·   Develop and oversee compliance testing programs.

·   Provide guidance and review processes on customer disclosures, marketing, complaints, and communications.

·   Maintain current compliance knowledge through continually keeping abreast of regulatory changes to policies, practices, regulations and laws.

·   Develop and monitor compliance training for bank board and staff.

·   Review of follow-up items addressed in previous audits and examinations.

·   Maintain positive working relationship with auditors and examiners.

·   Assist with documentation gathering and participate in audits and regulatory examinations.

·   Support bank departments in related compliance requirements and procedures.

Essential Knowledge, Skills and Abilities:

·   Advanced knowledge of related state and federal banking compliance laws, rules and regulations.

·   Ability to interpret complex regulations and translate into practical guidance.

·   Strong analytical and problem-solving skills.

·   Excellent organizational, prioritization, and time management skills.

·   Exceptional verbal, written and interpersonal communication skills.

Requirements:

·   Bachelor’s degree.

·   Ten+ years banking or financial services experience.

·   Minimum of five years experience in risk, compliance or legal roles with financial institution.

·   Minimum two years fair lending and Community Reinvestment Act experience preferred.

·   Deep understanding of privacy, BSA/AML and fair lending laws and regulations.

·   Expertise in CRA regulations.