Bank Manager: State Farm Insurance Companies

At State Farm, we are proud of our over 80 years of service to our policyholders. As the # 1 insurer of automobiles and homes in the United States and an insurance leader in Canada, State Farm Insurance has been helping people manage the risks of everyday life and recover from the unexpected since 1922.

At State Farm, we recognize that our workforce is the key to our business success. We have nearly 100,000 employees and agents working throughout the United States and Canada. We remain committed to maintaining an environment that enables every employee to make the greatest possible contribution. At State Farm we embrace diversity and strive to be the employer of choice for candidates of all backgrounds. If you are looking for a company that will provide you meaningful work with a competitive benefits package, consider joining our team.

WHAT ARE THE DUTIES AND RESPONSIBILITIES OF THIS POSITION?

• Manages tactical implementations that support the strategies and goals of the Bank and/or enterprise
• Plans, organizes, coordinates, and manages work and resources within assigned area of responsibility to meet division, department, and enterprise goals
• Responsible for salary administration, performance assessment and coaching, selection, training, and career development of reporting employees
• Manages staffing and controllable expenses to appropriate levels in correlation to the budget, business plan, and existing and anticipated business environment
• Makes decisions impacting customer perceptions and retention and the financial performance of State Farm Bank and/or which have bank-wide impact
• Develops and maintains positive relationships with business partners and customers internal and external to State Farm
• Ensures compliance with departmental and company policies, procedures, and practices

WHAT KNOWLEDGE AND SKILLS ARE NEEDED TO BE SUCCESSFUL IN THIS POSITION?

• Draws upon broad experiences in unit or operational management (multiple roles, assignments, exposure to business partners and/or vendors) and demonstrates proven success in managing multiple/complex units, efforts and assignments
• Problem solving/decision­making is complex and may involve complicated variables and significant financial impact
• May be assigned to lead units or special projects that have strategic implications or bank-wide/enterprise-wide impact

ITEMS OF NOTE

• May require passing additional background checks
• May work irregular hours based on workload and job requirements
• May be required to travel via commercial air or ground transportation and/or drive motor vehicles
• Expected to maintain consistent product and procedure knowledge in assigned area and to understand practices and trends within the banking industry

ADDITIONAL INFORMATION

Bank Compliance Manager - Policy and Programs

General responsibilities: This position is responsible for ensuring policies, procedures and standards are developed and implemented to ensure compliance with the Bank's Compliance Risk Management Program. This position will also be responsible for managing compliance with applicable laws and regulations governing privacy, Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and OFAC, developing and implementing a comprehensive compliance training program and providing oversight of major projects and initiatives.
This position will report to the Director of Compliance.

General Responsibilities:
- Develops compliance standards and ensures business units develop and implement appropriate policies and procedures to mitigate compliance risks.
- Represents the Compliance Department on major Bank projects and initiatives.
- Monitors and assesses emerging legislation, laws, rules and regulations and works with business units to determine and address potential impacts.
- Responsible for developing and implementing a Privacy Program to ensure the Bank's compliance with applicable privacy laws and regulations.
- Responsible for developing and implementing a BSA/AML/OFAC Program to ensure the Bank's compliance with applicable laws and regulations.
- Develops implements and provides oversight of a Compliance Training Program designed to ensure business units carryout their responsibility for ensuring their employees receive appropriate job specific compliance training.
- Manages a team of Compliance experts.

Competencies and Experience:
- Candidate must be able to communicate effectively both orally and in writing.
- Solid interpersonal skills and the ability to work collaboratively with business partners and team members.
- Must demonstrate a clear understanding of laws and regulations governing bank's BSA/AML/OFAC, and privacy responsibilities.
- High degree of initiative and strong ability to meet principal accountabilities with limited direction and oversight.
- Have experience successfully managing a team of compliance experts.
- Minimum of 10 years experience in banking compliance with experience managing complicated projects and initiatives.
- Strong organizational skills to handle assignments in an efficient manner.

Other Requirements:
- CRCM preferred
- Willing to relocate

OUR TOTAL REWARDS PACKAGE

At State Farm, we offer a comprehensive compensation package that includes a competitive starting salary, annual merit reviews, and annual bonus potential. You may be eligible to participate in our comprehensive benefits package including Medical, Dental, Life and Disability Insurance, Vision, 401K Plan (Savings & Thrift in Canada), a fully funded retirement plan, and more.

State Farm Insurance is an equal opportunity employer.

Please visit our Corporate website at:

statefarm.com®