Compliance Officer

PRIMARY PURPOSE OF JOB

Develops, administers and monitors programs for compliance with laws, regulations and rules governing operations and product offerings. Informs and educates appropriate personnel of all compliance responsibilities. Ensure Senior Management and Board of Directors are continuously informed of all aspects of the Bank’s compliance activities, including an evaluation of its relative risk exposure related to compliance.

EXPECTATIONS OF ALL SOUTHERN BANK TEAM MEMBERS

• Southern Bank team members are a family, rooted in the communities we serve and working together to be the best in our industry, utilizing innovative ideas and strong products. The Southern Bank Patch illustrates these ideals.
• Ensures the confidentiality of customer non-public personal information and secures information systems to comply with bank regulations.

ESSENTIAL FUNCTIONS AND PERFORMANCE AREAS

• Researches federal and state banking laws and regulations, reviews the Bank’s policies and procedures, and ensures compliance with laws and regulations;
• Consults with bank departments and managers affected by compliance issues and regulatory requirements;
• Develops an annual risk-based audit schedule ensuring that those areas with greatest potential risk receive appropriate audit attention;
• Schedules ongoing monitoring of compliance activities and reports findings to department managers as well as to the Compliance Committee;
• Chairs the Compliance Committee;
• Identifies areas or issues that require additional monitoring or training and assists with training where needed;
• Maintains a cohesive and collaborative environment, sharing ideas and assisting peers;
• Deals with change and handles stressful situations with a professional demeanor;
• Supervises work of Compliance Analysts; and
• Acts as liaison for the Bank and Federal and State compliance examiners.