HSLC JOB TITLE: Compliance Officer DEPARTMENT: Compliance REPORTS DIRECTLY TO: Board of Directors / President STATUS: Exempt BASIC PURPOSE: The Compliance Officer (CO) is a multi-faceted job at HSLC that covers several areas of responsibility. As Compliance Officer, the position is responsible for ensuring the Bank is compliant with all regulations governing the operations of the Bank including but not limited to regulatory guidance, policies, procedures, bank operations, marketing, deposits and lending. Reporting to the Board of Directors through the Bank President, the CO analyzes risks related to compliance and performs reviews, evaluations and audits related to compliance issues/concerns within the Bank and reports on those finding to Management and the Board. As the driver for the Bank's Risk Assessment management, the CO recommends changes to policy/procedures and develops training to implement regulatory changes. The CO will work with Internal and External Auditors as well as State and Federal Regulators by being the Bank's front-line contact for all audits and exams. ESSENTIAL DUTIES AND RESPONSIBILITIES: Key Responsibilities • Compliance Guidance, Monitoring, Analysis and Reporting • Policy and Procedure Review • Audit & Examination lead for the Bank • Oversee the Bank's Annual Risk Assessment Achieve Business Performance • Collaborates and directs business management and staff to ensure effective integration of compliance standards into Operations, Deposits and Lending processes. Makes recommendations, develops and implements solutions and assesses performance. Ensures management provides timely and effective solutions to address regulatory requirements. • Acts as a member and/or participant in various Bank Management Committees. • Reviews and revises, as appropriate, policies and reviews departmental procedures specifically addressing regulatory compliance topics or applying compliance standards to existing Bank or departmental processes. Acts as subject matter expert for questions and training. • Researches and evaluates new compliance regulations and amendments for implementation into Bank products, workflow, and policies and procedures. Disseminates new information clearly and quickly to appropriate staff/departments, and when appropriate, the Board of Directors. Works on new product development as impacted by compliance regulations. • Manages Compliance Program and compliance-related business activity documents and forms development and updating, including applications, disclosures, loan documents, brochures, etc. • Monitors and conducts periodic compliance testing in business area departments for satisfactory measure of compliance. Responds to issues or findings identified, tracks and monitors issue resolution, prepares and delivers reports to Bank management committees and the Board of Directors. • Reviews and approves Bank advertising for regulatory compliance. • Maintains Complaint Log and manages complaint/error resolution and responses process. Develops and provides periodic reporting on Complaints to Management and appropriate Governance committees • Works closely with banking regulators during and in preparation of compliance exams. • Serves as a liaison for all Regulatory Examinations as well as Internal and External Audits. Compliance Officer Job Description -- August 2022 • Assist during examinations or audits (both internal and external), including following up on and assisting in resolving cited violated and/or deficiencies. • Works closely with the Bank President and Executive Management team to develop and implement the Bank's Annual Risk Assessment. • Maintain a professional level of industry and compliance proficiency by attending banking industry a