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Req ID:  3876

Chicago, IL, US, 60631

Senior Compliance Advisory Officer

FT/PT:  Full-Time

First Midwest, with assets over $16 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of commercial, retail banking, and wealth management services through some 120+ offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, and Eastern Iowa. 


This role will serve as the primary point of contact for the Bank’s Marketing team and will be responsible for reviewing a broad spectrum of marketing activities designed for traditional and digital channels and advising on regulatory compliance matters. The role is a senior level role and will report to the Compliance Advisory Services Manager and is part of the Compliance and Operational Risk Management team. 


This position requires candidates to compliance knowledge related to marketing of loans, deposits, and investment products. In addition, candidates must be able to identify Fair Lending risks to engage our Fair Practices officer, as needed.


Minimum of 10 years of relevant regulatory compliance experience, with progressive responsibility

Strong technical understanding of applicable banking laws, regulations, and regulatory guidance as they apply to banking products, services and processes

A solid understanding of compliance risk management principles and regulatory expectations

The ability to analyze compliance requirements and develop recommended solutions/action steps for issues

Experience working with regulators and auditors

Strong verbal, written and presentation communication skills; Ability to communicate effectively

Ability to build and maintain strong working relationships with business partners, teammates and stakeholders

A strong work ethic and ability to multi-task

A Certified Regulatory Compliance Manager (CRCM) Certification is preferred

Bachelor’s degree or equivalent work experience

#LI-DF1  #CB


From an advisory perspective, responsibilities include, but are not limited to, serving as the regulatory compliance subject-matter-expert to line of business personnel for:

Day-to-day compliance questions;

Supporting projects and initiatives (e.g. new products or services, process or system changes, mergers and acquisitions due diligence, marketing promotions, etc.);

Assessing the impact of, and helping define action plans for, implementing regulatory changes;

Reviewing compliance related policies and procedures;

Regulatory examination support; and

Addressing compliance issues.


Other responsibilities related to the Enterprise Compliance Program include:

Working with the line of business to complete and maintain current compliance risk assessments;

Monitoring compliance risks and the effectiveness of key compliance controls;

Assisting the Compliance Testing team in defining testing scope and validating potential issues;

Identifying opportunities for additional compliance training;

Evaluating root causes of compliance issues and complaints; and

Escalating concerns to Compliance and Line of Business Management.

Produce compliance reports, as assigned, and reviewing them with Business and Compliance management.

Attend Department and Line of Business meetings, as applicable.

Attend all training sessions, schools, and seminars as requested by the Compliance Advisory Services Manager.

Assist and mentor Compliance Advisory Officers

Travel to other First Midwest locations in the Chicago land area may be required, estimated at up to 25% of the time.

First Midwest Bank continually looks for highly motivated and talented individuals. Our people are critical to the Bank's strategy and success. In return we offer competitive salaries, a bonus plan, outstanding benefits like 401K plus 6% company contribution, generous vacation plan, certification and continuing education support, and opportunities for career growth.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here and Supplement here.

Nearest Major Market: Chicago

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