Bank compliance specialist

Position Title: Bank Compliance Specialist

Locations: Effingham_IL

Time Type: Full time

Req ID: JR1011-Effingham_IL

At Midland, we’re proud to be a little different. You can see it in our bright orange signs-but there’s more to it than that. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions.

For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.

We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.

Our humble ambition keeps us growing, giving back, and looking ahead. We’re innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.

You might say we’re unlike any other bank.

And you’d be right."

At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Salary Range: $60,000-$75,000

Position Summary

The Compliance Specialist ensures day-to-day operations are conducted in compliance with regulatory and legal requirements and company policies and procedures by providing compliance advisory services to business lines and operations areas, in order to support their compliance obligations. The role assists the Advisory Manager with the oversight and implementation of the Regulatory Compliance Management Program and provides guidance to compliance personnel.

Primary Accountabilities

• Compliance Resource – Provides day to day compliance advice in a broad range of compliance areas focusing primarily on deposit products and related consumer and commercial services, deposit account servicing, and bank operations. Working knowledge of a substantial number of statutes and regulations including, but not limited to: TISA(Reg DD), EFTA(Reg E), Reserve Requirements(Reg D), UDAAP, EFAA(Reg CC), Escheatment, Reg J, UCC Articles 3, 4 & 4A, TCPA, Reg GG, BSA, CANSPAM Act, garnishments/levies, statutory POA’s, and decedent processing. In addition, the position may require the acquisition of expertise in other areas to assist in the risk management of affiliates and specialty business lines.
• Advertising Reviews – Reviews marketing materials for compliance with applicable regulations.
• Risk Assessments – Assist in conducting risk assessments and monitor compliance risk metrics. Perform analytical reviews and assist in the development of risk data.
• Regulatory Change – Monitors for regulatory changes and assists in the implementation of such changes.
• Change Control – Provides compliance guidance with regard to new and modified products and services, changes in policies and procedures, revisions to disclosures and account agreements, and changes to systems or operations.
• Customer Complaints – Investigates customer complaints and assists in the drafting of responses.
• External Reviews and Regulatory Examinations – Assists in the management of external compliance reviews and regulatory examinations.
• Training – Assists the Director of Compliance in the development and assignment of compliance training as needed. Provide internal compliance training.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).

General Responsibilities:

• The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
• May require work in a Midland office to ensure collaboration and support of internal and external customers.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
• Other duties as assigned.

Position Qualifications

Education/Experience:

• Bachelor’s degree from an accredited college or university in a related subject, or equivalent significant banking experience.
• Minimum five years of demonstrated experience in banking, operations, and compliance.
• Compliance professional certifications are preferred but not required.
• Law degree is preferred but not required.
• Familiarity with core banking systems used in financial institutions.
• Ability to travel to Bank branches and departments throughout the state as needed.
• Capable of managing multiple priorities and project deadlines; may require evening and weekend work to meet critical deadlines.
• May participate in bank-wide voluntary activities supporting community engagement.

Competencies:

• Business insight
• Cultivates innovation
• Drives results
• Makes sound decisions
• Being a brand champion
• Collaborates
• Communicates effectively
• Customer focus
• Being Authentic
• Emotional Intelligence
• Self development
• Being flexible and adaptable

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at

[email protected]

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THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

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