Lead Compliance Specialist

SUMMARY: The Lead Compliance Specialist supports the bank's compliance program by ensuring the bank adheres to all applicable regulatory requirements. This position is responsible for designing, executing, and enhancing compliance monitoring programs, identifying potential risks, and recommending corrective actions to mitigate compliance violations. This role supports the Compliance Manager with the implementation, monitoring, and maintenance of Compliance Department policies and procedures that ensure adherence to regulatory requirements. The Lead Compliance Specialist plays a key part in safeguarding the bank against legal and reputational risks.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Assist with the development of the annual risk assessment, compliance program, and executing the program.
• Keep Management and other Bank personnel informed of the implementation of new regulations or changes to regulations.
• Assist with the monitoring and reporting of customer complaints.
• Analyze customer complaints and call center interactions for regulatory compliance and risk exposure.
• Develop and implement compliance monitoring plans aligned with regulatory expectations and internal policies and procedures.
• Plan and perform consumer compliance reviews, maintain and review consumer compliance work papers and reports, as necessary.
• Prepare detailed reports summarizing findings, trends, and recommendations for senior management.
• Collaborate with internal departments to address compliance issues and ensure timely remediation.
• Stay current on changes in banking regulations and communicate updates to relevant stakeholders.
• Assist in preparation for internal and external audits and regulatory examinations.
• Mentor compliance staff and provide guidance on monitoring techniques and regulatory interpretation.
• Update internal compliance training programs, as needed.
• Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations
• Regular, predictable attendance is an essential requirement of this position
• Complete all other duties as assigned

EDUCATION AND/OR EXPERIENCE

• Bachelor's degree in Business, Finance, Law, or related field
• 5+ years in banking compliance, audit, or risk management
• CRCM, CAMS, or similar preferred
• Strong analytical, communication, and problem-solving skills; proficiency in Excel, Word, and compliance software
• Ability to clearly and effectively communicate both verbally and in writing

E-Verify is used to confirm the identity and employment eligibility of all newly hired employees.

Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran