Job Description

Job Description

Position Summary:

The Compliance Officer is responsible for developing, implementing, and maintaining the bank’s compliance program to ensure adherence to all applicable federal and state banking laws and regulations. This position oversees compliance risk across the organization, provides guidance to management and staff, and works proactively to identify and mitigate potential compliance issues. In a small-bank environment, the Compliance Officer is hands-on and directly involved in monitoring, training, reporting, and regulatory communication.

Key Responsibilities:

Regulatory Compliance Program

• Develop, update, and maintain the bank’s compliance management system (CMS), including policies, procedures, and monitoring programs.
• Ensure ongoing compliance with all applicable regulations (e.g., BSA/AML, Reg B, Reg Z, Reg E, CRA, HMDA, Privacy, Fair Lending, etc.).
• Monitor regulatory changes and advise leadership on required updates to internal processes.

Compliance Monitoring & Reporting

• Conduct periodic compliance reviews and risk assessments to identify gaps or areas needing improvement.
• Prepare and present compliance reports to senior management and the Board of Directors.
• Oversee corrective action plans and follow-up to ensure timely resolution of identified issues.

Training & Education

• Develop and administer compliance training for all employees and Board members.
• Provide guidance and serve as a resource to staff on compliance-related questions.

Examinations & Audits

• Serve as the primary contact for regulatory agencies and external auditors.
• Coordinate regulatory exams, internal audits, and compliance reviews.
• Compile required documentation and ensure timely responses to exam findings and recommendations.

Policy & Procedure Management

• Maintain up-to-date compliance policies and ensure they reflect current regulatory expectations.
• Work with department heads to implement policy changes and enhance internal controls.

Risk Management Support

• Participate in enterprise risk management initiatives, including risk assessments and control testing.
• Assist with vendor management, complaint tracking, and other compliance-related oversight programs.

Qualifications:

Education & Experience

• Bachelor’s degree in Business, Finance, or related field (or equivalent experience).
• 3–5+ years of banking compliance or related regulatory experience (small-bank experience preferred).
• CRCM certification or willingness to pursue certification is a plus.

Knowledge, Skills, & Abilities

• Strong understanding of federal and state banking regulations.
• Excellent analytical, communication, and problem-solving skills.
• Ability to work independently in a small-team environment and manage multiple priorities.
• Strong attention to detail and high level of organization.
• Ability to maintain confidentiality and professional discretion.

Why Join Portage Bank?

• Competitive salary and benefits
• Opportunities to work closely with senior leadership and contribute to impactful decisions
• A collaborative, professional environment that encourages growth and learning
• A mission-driven culture that values credit quality and responsible lending

Portage Bank is an Equal Opportunity Employer. We are committed to fostering a diverse and inclusive work environment.

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