Compliance Analyst is responsible for operational support duties of the Compliance Department, assisting the Chief Compliance Officer as directed. This position assists in developing, implementing and ensuring the overall effectiveness and adherence to Bank compliance programs based on new regulations, changes to existing regulations, business model, and Audit and/or exam findings. This position involves use of independent judgment as well as responsibility for performing technical and somewhat complex duties in fulfilling the above. The Compliance Analyst assists with overseeing compliance with Bank policies and procedures, as well as all applicable state and federal alphabet consumer regulations. The analyst also serves as a resource for departmental staff to utilize for timely responses to compliance matters.
Essential Duties and Responsibilities:
Ensure that policies and procedures within the Bank are consistent with those documented in the Compliance Manual and are consistent with applicable laws and regulations.
Assists Chief Compliance Officer in developing compliance testing programs including updating programs as regulatory changes occur.
Provides quarterly dashboard reports to the President/CEO & Corporate Counsel at the direction of the Chief Compliance Officer.
Maintains and updates supervisory matrices used to track regulatory progress with supervisory actions.
Conducts periodic testing on behalf of the department to monitor business-line regulatory compliance. Communicates violations of law to the Chief Compliance Officer promptly.
Attends various internal meetings and completes administrative tasks, such as preparing committee minutes.
Provides support to the Chief Compliance Officer for critical board reports containing key performance indicators.
Follows corporate Code of Ethics policies and procedures; complete administrative tasks correctly with little supervision and on time; supports the Bank’s goals and values.
Conduct targeted internal compliance reviews, oversee and monitor corrective actions.
Monitor and disseminate information from regulatory agencies to ensure awareness of changes in laws and regulations.
Where needed, develops and present targeted training modules to departments in need of targeting training. Monitors compliance with the bank-wide training plan.
Education and Experience:
Bachelor’s degree in related field of study
Minimum of 5 years’ experience in bank related positions with strong leadership and management experience in bank compliance and/or regulatory examination experience.
Thorough understanding of applicable banking policy and procedures.
Basic knowledge of BSA and USA Patriot Act.
Some experience with compliance testing preferred.
Ability to work with minimal supervision while performing duties.
Excellent oral and written communication and presentation skills; attention to detail; independent judgment with strong analytical and risk assessment skills; strong business judgment; ability to function well in deadline intensive environment.
Excellent organizational and time management skills.
Ability to exercise good judgment in assessing the significance and relevance of identified compliance risks.
Basic PC skills with Microsoft Excel and Wor