at Old Second National Bank in Downers Grove, Illinois, United States
Job Description
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 Commercial Compliance Analyst will report to the Community Banking Group President and will be responsible for assisting with Old Second National Bank's ("Bank") oversight of commercial banking's compliance responsibilities. Essential responsibilities include staying up to date on current banking regulation and updating affected personnel on policy changes. This role interfaces regularly with the Community & Commercial Banking teams and the Compliance department. This position offers flexibility of a hybrid work schedule to include onsite and remote work.
Essential Job Functions
Stay abreast of federal and state regulatory changes, particularly as they impact commercial banking
Participate on the Bank's quarterly compliance committee meeting as a representative of the commercial department
Collaborate with Compliance on their reviews and work to resolve any findings
Take ownership of the commercial department's compliance procedures, making sure they are current and up to date on all banking regulations
Hold training as needed on compliance related topics for the commercial department
Develop and execute first line of defense of compliance monitoring
Manage the collection of compliance related data and reporting for the commercial department
Collaborate with Bank personal on the implementation of 1071 Small Business Lending Reporting
Follow up and resolve data integrity and quality edits for 1071 and HMDA reporting.
Minimum Requirements
Bachelor's degree in related area of study and four or more years of related experience (commercial banking, lending operations, credit and/or compliance) inclusive of a minimum of two years of regulatory compliance experience at a bank or other financial services company.
Competencies
Working knowledge of federal and state banking laws and regulations including Regulation B, UDAAP, SCRA, HMDA, Flood, etc.
Excellent communication skills
Professional demeanor and appearance
Advanced in Word, Excel, Adobe, and PowerPoint
Thanks for considering Old Second!
Old Second National Bank is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to their real or perceived race, color, religion, creed, sex, marital status, national origin, citizenship, ancestry, age, sexual orientation, gender identity, disability, military status, genetic information, veteran’s status, or any other
protected characteristic under applicable law.
