Raymond Wengel

Email: abpy7l@r.postjobfree.com

Address: **** ***** **.

City: Bartlett

State: IL

Zip: 60103

Country: USA

Phone: 630-***-****

Skill Level: Senior

Salary Range: $125,000

Primary Skills/Experience:

See Resume

Educational Background:

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Job History / Details:

RAYMOND J. WENGEL

1112 Sumac Ct.

Bartlett, Illinois 60103

630-***-**** (Home)

630-***-**** (Cell)

abpy7l@r.postjobfree.com

SUMMARY

Manage the banks compliance function and ensure that policies, procedures and practices of the bank comply with applicable laws and regulations. Provide legal support and advice for design and delivery of retail banking products. Provide advice and support for holding legal title to bank OREO property. Manage the handling of all legal process served on the Bank, i.e., subpoenas, citations, summonses, tax levies, etc. Serve as principal bank contact with federal and state banking regulators during regulatory compliance examinations. Able to identify problems quickly and apply creative solutions to resolve core issues. Constantly attuned to regulatory matters and proactively implement appropriate actions. Performance noted for a solid work ethic, support for key business objectives, ability to communicate effectively with all organizational levels, and a well defined sense of personal and professional responsibility.

BUSINESS EXPERIENCE

Cole Taylor Bank September 2011 - Present

A $4+ Billion bank with 9 branches in the Chicago metropolitan area

Senior Vice President - Compliance Manager

Manage the banks overall compliance function and ensure that enterprise-wide compliance policies, procedures and practices are followed. Manage the banks compliance with BSA/AML, HMDA and CRA

Manage a staff of nine compliance professionals

Chairman of the banks Compliance/CRA Committee

Responsible for regulatory compliance training for more than 600 employees

Manage BSA/AML compliance function, using Prime Compliance Suite for in-house transaction monitoring

Manages the BSA Officer and AML/BSA staff of four AML analysts

Review and approve the filing of all Suspicious Activity Reports

Monitor legislative, judicial and regulatory developments providing early assessment of compliance burdens and business impacts

Develop and review annual Compliance Risk Assessments and Regulatory Review Plans; AML/BSA Risk Assessments, OFAC Risk Assessments, CIP Risk Assessments, and others

Manage banks compliance with oversight responsibilities regarding third party vendors

Member of the banks Organizational Risk Management Committee

Write and update banks compliance related policies, including, but not limited to Compliance Management, AML/BSA, OFAC, CIP, CRA, Fair Lending, UDAAP

Wrote banks Fair Lending Policy and UDAAP Policy

Review all marketing material of bank and key third party vendors for general regulatory compliance as well as compliance with UDAAP

Continue strong working relationship with federal and state banking regulators

Work with banks internal Audit Department to correct audit findings and implement audit recommendations

First Chicago Bank Trust 1991 - September 2011

A $1 Billion commercial bank with 7 branches in the Chicago metropolitan area.

Senior Vice President/Legal and Compliance

Responsible for the overall compliance of the bank with federal and state laws and regulations.

Responsible for training of over 130 employees in matters of consumer compliance

Assist in the management and development of the banks enterprise-wide compliance management

Write and update compliance related policies and procedures, monitor and present all bank policies to the board of directors for annual approval

Serve as legal advisor to product development, risk management and risk mitigation strategies

Analyze facts, laws, regulatory guidance and provide legal conclusions and recommendations

Attend monthly board of directors meetings and advise the board on matters of compliance

Continue strong working relationship with federal and state banking regulators

Manage compliance information and document requests for compliance audits and examinations

Monitor legislative, judicial and regulatory developments providing early assessment of compliance burdens and business impacts

Review all bank contracts and service agreements

Establish series limited liability companies holding legal title to bank OREO property

Chairman of bank Regulatory Compliance Committee

Bronson-Gore Bank in Prospect Heights, Prospect Heights, IL 1988 - 1990

In-house Counsel, Compliance Officer

EDUCATION

Juris Doctor, DePaul University College of Law

B.A., English, University of Illinois-Chicago

AFFILIATIONS/ASSOCIATIONS

Illinois Bar Association

Operation HOPE - Volunteer teacher of financial literacy courses to low-income students grades 4-12

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