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Compliance Officer (Advisory), Hybrid
- Byline Bank (Chicago, IL)
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About Byline Bank:
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 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 U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. 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, Finance & Overall in 2024-2025, 2025-2026.**
+ Chicago Sun Times Chicago’s **Best Workplaces 2024**
+ **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.
**Objective of Position** :
The Compliance Officer helps oversee the Compliance Management System of Byline Bank. The Compliance Officer will function as an independent and objective person that reviews and evaluates compliance issues/concerns within the organization. The position ensures the Board of Directors, management and employees compliant with federal, state, and local laws and regulations, and that company policies and procedures are being followed.
Duties and Responsibilities:
+ Provides compliance guidance and related services to the bank’s business units to ensure coverage across all laws, rules and regulations applicable to Byline Bank. Business units include, but are not limited to, payments and fintech banking, personal and business deposits, treasury and cash management, wealth management, consumer, commercial and SBA lending, and lease financing.
+ Assists in implementing and communicating new laws and regulations or changes to existing laws or regulations.
+ Supports business units in identifying compliance risks resulting from new or revised laws and regulations, ensures action plans are developed to manage risks, including effective training, procedures and other controls.
+ Provides input regarding compliance concerns relevant to current products and services offered, as well as during the ongoing process of development and changes to products and services.
+ Supports business units in the development and ongoing maintenance of business unit compliance policies, procedures, practices and other activities to assure compliance with applicable regulatory laws, rules and regulations, and related supervisory guidance.
+ Performs compliance risk assessments in conjunction with business partners to ensure all compliance risks and controls are appropriately identified.
+ Trains management and employees on relevant laws and regulations.
+ Responds to day-to-day compliance questions from management and staff.
+ Maintains proficient knowledge of applicable laws, regulations, and interpretations and attend external training when necessary. A high level of proficiency is required in Regulations CC, DD, D, E, NACHA, UCC Articles 4 and 4A, CAN-SPAM, Privacy, TCPA, FCRA, UDAAP, FDIC Insurance and E-Sign.
+ Reviews marketing materials to ensure compliance with applicable rules and regulations.
+ Assists in implementing compliance responsibilities relating to mergers and acquisitions.
+ Collaborates with other departments to direct compliance issues to appropriate existing channels for investigation and resolution.
+ Identifies potential areas of compliance vulnerability and risk; develops and implements corrective action plans for resolution of problematic issues; and provides general guidance on how to avoid or deal with similar situations in the future.
+ 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, required.
+ Certified Regulatory Compliance Manager (CRCM), preferred.
+ 5+ years of progressively responsible experience in a bank or financial services company, with compliance, deposit/payments, audit or risk management experience.
+ 5+ years of experience with fintech, payment processors, BIN sponsorship, and NACHA rules, preferred.
+ Active member in Community/Statewide/Federal professional associations, preferred.
+ Skilled in both verbal and written communication, including presenting findings and preparing reports.
+ Able to engage effectively with external regulators and accurately represent compliance program performance.
+ Capable of translating compliance requirements into actionable guidance for frontline staff.
+ Proficient in active listening and delivering clear, well-supported recommendations
+ Ability to apply compliance principles, theories, and practices while considering industry program policies, procedures, regulations, and laws.
+ Solid working knowledge of management information systems terminology, concepts, and practices.
+ Proficiency in Microsoft Windows, Word, PowerPoint, and Excel.
+ Ability to work collaboratively with a variety of stakeholders at all levels.
+ Skilled in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines.
+ Strong research and problem-solving skills. Able to collect, analyze, and interpret complex data to draw logical conclusions.
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 $86,000 to $107,000.
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.
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