Job Description
About Byline Bank: Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. Byline Bank is a member of FDIC and an Equal Housing Lender. At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include: • U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in 2024-2025, 2025-2026. • Chicago Sun Times Chicago's Best Workplaces 2024 • Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management) • Forbes America's Best Small Employers 2023 By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you. Objective of Position: The Compliance Officer helps oversee the Compliance Management System of Byline Bank. The Compliance Officer will function as an independent and objective person that reviews and evaluates compliance issues/concerns within the organization. The position ensures the Board of Directors, management and employees compliant with federal, state, and local laws and regulations, and that company policies and procedures are being followed. Duties and Responsibilities: • Provides compliance guidance and related services to the bank's business units to ensure coverage across all laws, rules and regulations applicable to Byline Bank. Business units include, but are not limited to, payments and fintech banking, personal and business deposits, treasury and cash management, wealth management, consumer, commercial and SBA lending, and lease financing. • Assists in implementing and communicating new laws and regulations or changes to existing laws or regulations. • Supports business units in identifying compliance risks resulting from new or revised laws and regulations, ensures action plans are developed to manage risks, including effective training, procedures and other controls. • Provides input regarding compliance concerns relevant to current products and services offered, as well as during the ongoing process of development and changes to products and services. • Supports business units in the development and ongoing maintenance of business unit compliance policies, procedures, practices and other activities to assure compliance with applicable regulatory laws, rules and regulations, and related supervisory guidance. • Performs compliance risk assessments in conjunction with business partners to ensure all compliance risks and controls are appropriately identified. • Trains management and employees on relevant laws and regulations. • Responds to day-to-day compliance questions from management and staff. • Maintains proficient knowledge of applicable laws, regulations, and interpretations and attend external training when necessary. A high level of proficiency is required in Regulations CC, DD, D, E, NACHA, UCC Articles 4 and 4A, CAN-SPAM, Privacy, TCPA, FCRA, UDAAP, FDIC Insurance and E-Sign. • Reviews marketing materials to ensure compliance with applicable rules and regulations. • Assists in implementing compliance responsibilities relating to mergers and acquisitions. • Collaborates with other departments to direct compliance issues to appropriate existing channels for investigation and resolution. • Identifies potential areas of compliance vulnerability and risk; develops and implements corrective action plans for resolution of problematic issues; and provides general guidance on how to avoid or deal with similar situations in the future. • All other duties as assigned. Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Qualifications: • Bachelor's Degree, required. • Certified Regulatory Compliance Manager (CRCM), preferred. • 5+ years of progressively responsible experience in a bank or financial services company, with compliance, deposit/payments, audit or risk management experience. • 5+ years of experience with fintech, payment processors, BIN sponsorship, and NACHA rules, preferred. • Active member in Community/Statewide/Federal professional associations, preferred. • Skilled in both ver
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