Senior Compliance Advisor

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. 

 

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance.  401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.  We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

The Senior Compliance Advisory Services Officer will serve as the primary Compliance Department point of contact for assigned lines of business and/or regulatory topics.   The individual is responsible for pro-actively advising on all applicable federal and state regulatory compliance matters; ensuring the Corporate Compliance Program is appropriately implemented; and promoting a strong compliance culture.  The role will report to the Compliance Advisory Services Manager and is part of the Compliance/Risk Management team (the “second line of defense”). This position is a senior level role that will be expected to regularly interact with stakeholders, including business management, other Compliance and Risk team subject matter experts, internal legal counsel, and others.

 

Key Accountabilities

Overseeing the effectiveness of the Line of Business Compliance Program:

• Working with the line of business to complete and maintain current compliance risk assessments.
• Ensuring appropriate business policies and procedures for applicable regulatory requirements.
• Conducting ongoing monitoring related to key compliance risks.
• Assessing regulatory compliance training needs for the assigned businesses, reviewing course content, and ensuring appropriate role assignments.
• Investigating root causes of compliance findings (issues) and compliance-related complaints to identify trends and ensuring appropriate corrective action is taken.
• Ensuring business process or system changes address regulatory requirements.
• Reporting and escalating concerns to Compliance and line of business management. 

Proactively work with business personnel and stakeholders to mitigate compliance risk:

• Serve as the regulatory compliance subject-matter-expert to the line of business for:
• Researching and advising on general compliance questions.
• Supporting the development of strategic projects and initiatives.
• Assessing the impact of, and helping define action plans for, implementing regulatory changes, new supervisory guidance, and industry enforcement action trends.
• Reviewing proposed changes to compliance related policies and procedures.
• Assisting the line of business in determining actions to address compliance findings. 

• Maintain current knowledge of applicable laws, regulations, and industry trends.  Evaluate changes in industry practice and legal/regulatory requirements and ensure that timely appropriate action is taken.
• Assist, as needed, in preparations for compliance regulatory exams and internal audits related to assigned areas.  This includes gathering and reviewing of all requested information and/or assisting in responding to questions. 
• Provide ongoing reports to the Compliance Advisory Services Manager, the assigned line of business management team and any governance committees on relevant compliance risk topics. 

Key Competencies for Position

Culture Leadership:

• Communication: Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery method(s).
• Collaboration: Actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.

Execution Leadership:

• Drive and Execution- Committed to achieving established goals, overcoming obstacles, and continuously learning t