First Midwest, with assets over $18 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of commercial, retail banking, and wealth management services through some 120+ offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, and Eastern Iowa.
This role will serve as the primary point of contact for Mortgage and Consumer Lending and will be responsible for advising on regulatory compliance matters and/or regulatory topics. Ensuring the Enterprise Compliance Program is appropriately implemented and to generally promote a strong compliance culture. The role will report to the Compliance Advisory Services Manager and is part of the Compliance and Operational Risk Management team. This position is a senior level role that will be the lead for Mortgage and Consumer Lending and will serve as a mentor to the Compliance Advisory Officers.
Bachelor’s degree or equivalent work experience
Minimum of 10 years of relevant regulatory compliance experience, with progressive responsibility
Strong technical understanding of applicable banking laws, regulations, and regulatory guidance as they apply to banking products, services and processes
A solid understanding of compliance risk management principles and regulatory expectations
The ability to analyze compliance requirements and develop recommended solutions/action steps for issues
Experience working with regulators and auditors
Strong verbal, written and presentation communication skills; Ability to communicate effectively
Ability to build and maintain strong working relationships with business partners, teammates and stakeholders
A strong work ethic and ability to multi-task
A Certified Regulatory Compliance Manager (CRCM) Certification is preferred
From an advisory perspective, responsibilities include, but are not limited to, serving as the regulatory compliance subject-matter-expert to line of business personnel for:
Day-to-day compliance questions;
Supporting projects and initiatives (e.g. new products or services, process or system changes, mergers and acquisitions due diligence, marketing promotions, etc.);
Assessing the impact of, and helping define action plans for, implementing regulatory changes;
Reviewing compliance related policies and procedures;
Regulatory examination support; and
Addressing compliance issues.
Other responsibilities related to the Enterprise Compliance Program include:
Working with the Mortgage and Consumer Lending business to complete and maintain current compliance risk assessments;
Monitoring compliance risks and the effectiveness of key compliance controls;
Assisting the Compliance Testing team in defining testing scope and validating potential issues;
Identifying opportunities for additional compliance training;
Evaluating root causes of compliance issues and complaints; and
Escalating concerns to Compliance and Mortgage and/or Consumer Lending Management.
Produce compliance reports, as assigned, and reviewing them with Business and Compliance management.
Attend Department and Mortgage and Consumer Lending meetings, as applicable.
Attend all training sessions, schools, and seminars as requested by the Compliance Advisory Services Manager.
Assist and mentor Compliance Advisory Officers
Travel to other First Midwest locations may be required, estimated at up to 25% of the time.