About Byline Bank
Headquartered in Chicago, Byline Bank is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.6 billion in assets and operates 46 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 Small Business Administration lenders in the United States according to the national SBA ranking by the U.S. Small Business Administration by volume FY2023. 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 in 2024-2025
- 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.
About The Opportunity
At Byline Bank, we're looking for hardworking, client-focused individuals to join our dynamic team. As part of our organization, you'll have the opportunity to contribute to the success of our clients and make a real difference in the communities we serve. If you're passionate about delivering quality service and thrive in a supportive, growth-oriented environment, let's connect to discuss this Compliance Officer opportunity!
Objective Of Position
The Compliance Officer assists with the monitoring and testing components of the Compliance Management System. This role functions as an independent and objective expert that reviews and evaluates compliance issues/concerns within the organization. The position will assist the Board of Directors, management and employees to ensure that the Bank is in compliance with federal, state, and local law and regulations, and that company policies and procedures are being followed.
Duties And Responsibilities
- Performs compliance testing to ascertain compliance with applicable banking laws, rules and regulations as well as bank policies and procedures covering banking products.
- Identifies control weaknesses and root causes of compliance deficiencies, conducts extensive research to support regulatory findings/control weaknesses and proposes appropriate corrective action.
- Communicates testing results, presents identified issues to the business, works with the business to develop and implement a plan of corrective action and prepares written reports.
- Assesses the adequacy of remediation activities, monitors through completion and escalates past-due items.
- Maintains proficient knowledge of applicable laws, regulations, and interpretations and attend external training when necessary.
- May assist with compliance responsibilities relating to mergers and acquisitions.
- Collaborates with other departments to direct compliance issues to appropriate existing channels for investigation and resolution.
- Helps identify potential areas of compliance vulnerability and risk; develops/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.
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, lending/credit, audit or risk management experience.
- Active member in Community/Statewide/Federal professional associations, preferred.
- Familiarity with laws and regulations such as the Electronic Funds Transfer Act (Reg. E), Flood Disaster Protection Act, Equal Credit Opportunity Act (Reg. B), Fair Credit Reporting Act (Reg. V), Funds Availability Act (Reg. CC), Unfair Deceptive and Abusive Acts and Practices (incl. Reg. AA), Signatures in Global Commerce Act, Truth In Savings Act (Reg. DD), Truth In Lending Act, Real Estate Settlement and Procedures Act (Reg. X), Home Mortgage Disclosure Act (Reg. C), Community Reinvestment Act (Reg. BB), SAFE Mortgage Licensing Act (Reg. G), Controlling the Assault of Non-Solicited Pornography and Marketing Act, Telephone Consumer Protection Act, Loans by Members to their Executive Officers, Directors, and Principal Shareholders (Reg. O), Debit Card Interchange Fees and Routing (Reg. II), Right to Financial Privacy Act, etc.
- Proficient oral and written communications including preparing and delivering presentations and developing reports.
- Ability to communicate with external regulators and effectively and accurately represent the effectiveness of the compliance program.
- Ability to apply compliance principles, theories, and practices while considering industry program policies, procedures, regulations, and laws.
- Knowledge and experience in monitoring and testing compliance processes and procedures.
- Solid working knowledge of management information systems terminology, concepts, and practices.
- Ability to analyze complex data, evaluate information and draw logical conclusions.
- Ability to work collaboratively with a variety of stakeholders at all levels.
- Self-motivated and an effective time and project manager with a strong attention to detail.
- Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions.
- Strong organizational and change management skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.
- Proficiency in working with Microsoft Windows, Word, PowerPoint, and Excel.
Physical Demands/Work Environment
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.
At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.
Compensation & Benefits
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
The salary range for this position is between $86,000 to $107,000.
In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.
Additional Information
Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.
All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.
Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.
If applying within the US, this role is not eligible for visa sponsorship now or in the future.
Note To Recruitment Agencies And Third-Party Recruiters
Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.
