Position Overview
The Senior Credit Compliance Officer this position is responsible for managing the compliance oversight program for credit products of Bank of Hawaii Corporation. This position plans, develops, oversees and conducts compliance risk assessments, quality assurance reviews, compliance monitoring process and company wide training.
Position Responsibilities
Program Management
Participates in the development and direction of the overall compliance oversight program for all Bank of Hawaii credit products. Continually maintains and modifies the formal compliance program, which covers all regulations affecting credit products, for annual review and approval by executive management. Prepares quarterly reports for Audit Committee, Risk Council and the Board of Directors on the status of the program. Develops annual budget for corporate compliance efforts with the Chief Compliance Officer. Indirectly manages the compliance efforts of compliance officers in the business lines to insure appropriate resources are directed to the credit compliance program in the business units.
Risk Management
Plans, develops, oversees, and conducts compliance risk assessments, quality assurance reviews, compliance monitoring processes and company-wide compliance training covering all high risk lending activities. Training may be provided live, via Internet-based channels, or web sessions.
Communication and Reporting
Analyzes, summarizes and communicates current regulatory and organizational compliance developments to division and department managers. Coordinates efforts to ensure policies, procedures, forms and training meet all new and amended requirements and deadlines. Analyzes and communicates compliance requirements for new or revised products, services, systems and subsidiaries to division and department management. Consults with legal counsel, regulatory agencies, vendors and compliance organizations, as needed.
Audit
Supports Bank of Hawaii's efforts on all corporate compliance audits and Federal Reserve Bank compliance examinations, including advance preparation, coordination of all information between bank departments and examiners during the audit/exam, follow up on findings and development of written responses.
