Compliance Specialist, Finance & Banking

Responsibilities

Assist in the development and administration of the Bank's compliance program and evaluates its effectiveness which encompasses a review of internal controls and adherence to consumer laws and regulations. Perform testing at appropriate intervals for compliance with applicable laws and regulations, and adequacy of policies, procedures and controls intended to prevent and detect violations.

• Bank departments are monitored at appropriate intervals for compliance with applicable laws and regulations and adequacy of internal controls designed to prevent and detect violations.
• Written reports summarizing the adherence with consumer compliance laws and regulations are comprehensive, accurate, and demonstrate strong written communication skill.
• Written reports are reported to the Bank's Compliance Officer and affected management personnel.
• Corrective action is implemented as appropriate.
• Perform appropriate research to provide sound, well-reasoned compliance advice and support in the interpretation of regulations and the Bank's policies and procedures and disseminate information on matters affecting regulatory compliance, including consultation with management and teammates on compliance-related issues.
• Maintain knowledge of consumer compliance regulations and monitor regulatory revisions; ensure that summaries of all revisions are forwarded to Compliance Officer.
• Assist in reviewing the Bank's policies and procedures based on regulatory changes, internal audits, and examinations by regulatory agencies.
• Ensure that all new Bank products are in compliance with applicable laws and regulations. Communicate with the Compliance Officer for inclusion in compliance risk assessments.
• Assist in the development and deployment of appropriate training and oversight programs with respect to Compliance laws to all employees and the Board of Directors. Including the creation, design, development and implementation of a technology-based compliance solution for bank operations.
• Review and approve compliance and business documents prior to implementation in coordination with the Compliance Officer.
• Participate in internal audit and regulatory examinations; ensure findings are addressed and corrected in a timely manner.
• Develop tools and procedures to ensure adequate monitoring processes are established to ensure compliance with all applicable regulations, including regulatory revisions in coordination with the Compliance Officer.
• Attend various project and committee meetings to provide the compliance perspective on issues discussed.
• Ensure that Compliance Department policies and procedures are revised as necessary.