Job Information
Byline Bank Compliance Testing Manager (Hybrid, Chicago, IL) in Chicago, Illinois
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 Testing Manager opportunity!
Objective of Position :
The Compliance Testing Manager is responsible for the development and execution of the monitoring and testing components of Byline Bank’s Compliance Management System. Monitoring and testing ensures the Bank’s compliance with relevant federal, state and local laws and regulations as well as company policies and procedures. The position supports overall compliance through leading and executing compliance reviews designed to evaluate the effectiveness of business controls. This position primarily tests compliance with consumer protection, fair lending, and operational regulatory requirements applicable to retail and commercial banking at an FDIC chartered bank and its affiliated leasing company but may also support other areas of the organization.
Duties and Responsibilities:
Manages a team that plans, scopes and designs risk-based compliance testing and monitoring reviews that adequately address coverage of laws, rules and regulations applicable to the Bank and its affiliated leasing company as well as adherence to internal policies and procedures.
Develops the annual compliance testing schedule and ensures all compliance reviews are completed timely.
Identifies control weaknesses and root causes of compliance deficiencies, conducts extensive research to support regulatory findings/control weaknesses and proposes appropriate corrective action.
Prepares reports for key stakeholders and management that accurately, clearly and concisely present the scope of compliance reviews and issues identified.
Assesses the adequacy of remediation activities, monitors through completion and escalates past-due items.
Maintains and updates all relevant compliance testing and monitoring procedures and scripts, and provides training as needed.
Keeps abreast of internal process, controls and regulatory requirements, understands and identifies changes in rules and regulations and the impact on monitoring and testing activities.
Collaborates and develops relationships with line of business management to ensure timely and transparent communication.
Provides guidance to the team in all phases of a compliance review as needed.
Prepares periodic and ad-hoc reports for management and Committees of the Board of Directors.
Facilitates and manages compliance audits and exams.
Assists with compliance responsibilities related to mergers and acquisitions.
Assists with other compliance-related projects and tasks, as requested.
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 with an emphasis in Compliance, Finance, Regulatory Review, Accounting, Law, Risk Management or related discipline, or an equivalent amount of related work experience.
Certified Regulatory Compliance Manager (CRCM), preferred.
8+ years of professional experience of compliance and risk management experience.
Extensive knowledge of banking compliance requirements, including federal banking regulator(s), rules and regulations.
Familiarity with 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), Privacy of Consumer Financial Information (Reg. P) and other state privacy laws, Electronic 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.
Comprehensive knowledge of federally recognized examination procedures to evaluate compliance with related laws and regulations.
Knowledge and experience in monitoring and testing compliance processes and procedures.
Effective verbal and written communications skills, including active listening skills, and skills in presenting findings and recommendations.
Strong interpersonal skills and ability to work effectively in a team environment.
Ability to research issues and use the information to resolve problems.
Ability to manage and prioritize multiple tasks and priorities.
Ability to interact with line of business management to ensure that results are understood, and recommendations are implemented.
Proficiency in working with Microsoft Windows, Word, PowerPoint, and Excel.
Dedication to fostering an inclusive culture and value diverse perspectives.
Skilled in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines.
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 $121,000 to $161,000.
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.
Byline Bank is 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.