Description:

General Purpose Summary
Directs the compliance department functions and provides legal counsel to bank business units on compliance with banking and related laws and regulations, including regulations of the FRB, OCC, CFPB, and FDIC by performing the following essential duties and responsibilities:

Essential Duties and Responsibilities:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Analyzes and monitors laws and regulatory provisions that affect the bank's business.
  • Advises bank management of legal ramifications of transactions between bank and its customers and between bank and its vendors; and creates documents in connection with such transactions.
  • Participates in product development and changes; acts as an advisor on legal and regulatory aspects of new products or services.
  • Reviews legal documents relating to bank operations, vendor contracts and other bank-wide legal needs and support functions.
  • Performs legal reviews of proposed actions and pending projects and advises bank management of the legal ramifications of such actions and projects.
  • Ensures all major efforts under his/her responsibility are successfully executed efficiently and cost-effectively, achieving the highest quality outcome(s) for the Bank; mitigating risk(s) and minimizing negative impact(s).
  • Maintains knowledge of state and federal banking regulations. Ensures understanding of the impact of work area processes and outcomes across the organization, including upstream and downstream – not just at the highest level – through proactive communication, outreach and collaboration.
  • Proactively builds and develops quality relationships with peers, subordinates, superiors, vendors, regulators, key contacts – including customers, prospective customers and centers of influence, and other associates and leaders within the community and the state.
  • Advises bank management regarding corporate law matters including review of bank policies and procedures to ensure compliance with laws and state and federal regulation.
  • Performs other work-related duties as assigned by supervisor.

Business Continuity Responsibilities:
Maintains and implements operational components of the business units' Business Continuity Plan: conducts periodic tests, cross trains and evaluates delegates' ability to perform critical and essential functions to restore operations. Sets long-term objectives for area of work and articulates a vision for the future activities of his/her division and/or area of work. Prioritizes and pursues identification and execution of projects and activities with strategic benefits designed to align with overall Bank strategies.

Supervisory Responsibilities:
Manages employees in assigned business unit(s). Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance, rewarding employees, addressing complaints and resolving problems; may discipline and recommend the termination of employees. Understands and champions the bank's vision, strategies and initiatives to employees, encouraging and ensuring productivity and achievement. Offers effective support to subordinates, peers and superiors in their bank-related endeavors.

Qualification Requirements:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and/or Experience:
  • Minimum: Juris Doctorate (J.D.) from accredited law school. Active and valid license to practice law in Alaska. Three to five years' law experience. Management experience.
  • Preferred: Law experience in banking or financial services.

Skills and Abilities:
Ability to analyze complex issues and provide solutions, often with simultaneous competing priorities. Ability to think creatively and strategically in order to understand business issues and link results to organizational effectiveness. Ability to influence others and gain support from all levels of leadership. Word processing and spreadsheet experience.

Language Skills:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental laws/regulations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from managers, customers, and the general public.

Mathematical Skills:
Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, and proportions to practical situations.

Reasoning Skills:
Proactively comes up with workable solutions to difficult problems; generally, first generates several alternatives before evaluating any of them. Introduces innovation as a means of overcoming obstacles. (From critical thinking, analyzing and problem solving).

Physical Demands:
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
  • While performing the duties of this job, the employee is frequently required to walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; talk and hear. The employee is occasionally required to stand; stoop, kneel, crouch, or crawl.
  • The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception, the ability to adjust focus.

Working Conditions:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

The noise level in the work environment is usually moderate.