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#1853388 - 09/18/13 05:12 PM Compliance Officer Lending
DTR-ISB Offline
New Poster
Joined: Jul 2013
Posts: 3
Iowa
I just spoke to a friend at another lending institution. He is the compliance officer......he also does the consumer and RE lending in the office. Isn't there a conflict there?

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#1853511 - 09/18/13 07:57 PM Re: Compliance Officer Lending DTR-ISB
ahkcompliance Offline
Diamond Poster
Joined: Sep 2008
Posts: 2,474
Midwest
Alot of small community bankers wear multiple hats. I know some bankers who are lenders and also hold the compliance officer hat. I don't think it is a conflict of interest as long as the CO is not auditing. I would think they would have a seperate auditor or outsource an annual audit for compliance.

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#1900424 - 02/26/14 10:37 PM Re: Compliance Officer Lending DTR-ISB
SSBStephanie Offline
Junior Member
Joined: Apr 2010
Posts: 31
Iowa
I am a RE lender, commercial lender, compliance officer, auditor, BSA officer, etc etc etc...happens a lot in a smaller bank. I don't audit my own files for good practice, I have the assistant compliance officer do that.

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