Careers

COMPLIANCE ANALYST

Corporate Title:                Compliance Analyst
FLSA:                               Exempt                               
Department:                     Compliance
Reports to:                       Chief Compliance Officer  
 
Position Summary:
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 assists in administering the Bank’s Vendor Management Policy & Program; the Continuity Management Program; and, the Privacy, and ID Theft Prevention programs. 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 assures compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

Essential Duties and Responsibilities:  
 
The following duties and responsibilities are under the guidance of the Chief Compliance Officer.  Other duties may be assigned.

• Develop and maintain the Bank’s self-assessment compliance program.
• Maintain and update compliance policy and manual.
• Ensure that policies and procedures within the Bank are consistent with applicable laws and regulations.
• Assists Chief Compliance Officer in developing compliance testing programs including updating programs as regulatory changes occur.
• Promptly reports violations of law to the Chief Compliance Officer.
• Working with business-unit to identify and assess key compliance risks.
• Follows policies and procedures; complete administrative tasks correctly and on time; supports the Bank’s goals and values.
• Review departmental self-assessment compliance reports and make recommendations for corrective action where necessary.
• Conduct targeted internal compliance reviews, oversee and monitor corrective actions, and report findings to Executive Management and Board of Directors.
• Monitor and disseminate information from regulatory agencies to ensure awareness of changes in laws and regulations.
• Advise bank management of compliance changes impacting departments and assist departments in making adjustments to existing processes and procedures to respond to those changes.
• If needed, develop and present targeted training modules to departments in need of training.
• Coordinate and cooperate with the Bank’s regulators and auditors (internal and external) in connection with compliance audit.
• Understanding of best practices in the compliance field.
• Oversee Bank’s internal training program for all employees.

 
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.
• 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 Word.