Compliance Officer,Finance & Banking Job Los Angeles area,California USA,Finance & Banking

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Compliance Officer

Full-Time Vermont Branch, Los Angeles, CA, US

6 days ago Requisition

Salary Range: $84,150.00 To $ Annually

SUMMARY

The Compliance Officer is responsible for duties within the Compliance Department and assisting the Compliance Manager as directed. The individual follows the Company’s Compliance Management Program (CMP) to ensure conformity and adherence with all applicable state and federal laws, regulations, and policies and procedures. Additionally, this individual reviews and analyzes key elements of the CMP within their area of purview. Responsibilities of this position include supervising and managing the monitoring process according to internal procedures and schedules, as well as monitoring key activities, independent quality control reviews, and quality control oversight of business units in adherence to compliance standards.

Ensures compliance with established Bank policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: GLBA(Gramm-Leach-Briley Act) , Regulation Z (Truth in Lending Act), Regulation DD (Truth in Savings Act) Regulation B (Equal Credit Opportunity Act), Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act), Elder Abuse Laws, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program, Right to Financial Privacy Act (state and federal) and Community Reinvestment Act.

REQUIRED

DUTIES

1.Commits to identifying relevant compliance matters in a supervisory role and escalates them for awareness and/or potential action as appropriate to the Compliance Manager.

2.Manages risks and controls required to ensure compliance with applicable laws and regulations.

3.Facilitates compliance risk management within the context of disciplined planning, oversight, escalation, and the decision-making processes.

4.Remains up-to-date of regulatory changes, industry standards and best practices; updates compliance department policies and procedures accordingly.

5.Develops, updates and maintains Compliance department procedures, in accordance with Board approved policies and regulatory standards.

6.Provides direction and guidance on policy and procedure to business units across the Company.

7.Assists the Compliance Manager in maintaining and updating the Company’s Compliance Resource Library, ensuring timely revisions.

8.Ensures identified deficiencies are addressed, tracked, remediated and monitored for closure as required by Compliance Monitoring & Testing.

9.Escalates a risk, issue or concern to the Compliance Manager, in accordance with the Company’s Escalation Process.

10.Assists in exam coordination, provides required reports including compiling necessary information and/or documentation.

11.Routinely identifies, communicates and assesses regulatory changes in order to effectively communicate to impacted business units/employees throughout the organization.

12.Implements and applies new preventative techniques and methods that identify compliance and legal exposures to the Company based on regulatory changes.

13.Reviews and analyzes new products, agreements, disclosures, and marketing for regulatory compliance, complexity, actual or projected business volume and potential compliance risks.

14.Manages the monitoring processes and schedules within their assigned area in accordance with the Board approved schedule and in response to external or internal findings.

15.Develops action…

Compliance Officer, Finance & Banking