Compliance Analyst, Finance & Banking

JOB SUMMARY:

The Compliance Analyst is a second line of defense in the Compliance Risk Management function. Under the direction of the Compliance Officer and Compliance Manager, the Compliance Analyst will assist with the development, implementation, enhancement, and maintenance of a comprehensive compliance program. This role assists with oversight of the Bank's policies and procedures concerning federal and state laws and regulations through Compliance monitoring and testing responsibilities, including the design and execution of testing and monitoring to evaluate the Bank's adherence to regulatory requirements.

Additional responsibilities may include, but are not limited to, assisting with the review and challenge of Bank data, policies, procedures, training program content, issues management, implementation of regulatory changes, and management reporting.

• Conduct periodic compliance testing and monitoring reviews. Identify, document, communicate, and appropriately escal…
• Develop, maintain, and enhance risk-based compliance monitoring and testing procedures, including testing scope, sampling methodology, documentation standards, and reporting protocols.
• Conduct data analysis, correction, entry, recording, and filing of any regulatory reporting applicable to the Bank (CRA, HMDA, and 1071).
• Assist with the development, implementation, and maintenance of the Bank's Compliance Management System. Lead or participate in the maintenance, review, or development of policies, procedures, and other reference materials to ensure compliance with applicable regulatory requirements and mitigate the risk of non-compliance.
• Assist with the assessment of all regulatory risks related to the Bank's operations, including identifying gaps in controls, highlighting areas of highest risk, participating in Compliance Risk Assessments and Risk and Control Self Assessments, and developing appropriate risk mitigation strategies.
• Conduct change management reviews of new products, processes, and initiatives for compliance with applicable federal and state regulations, statutes, and guidance.
• Review and approve marketing and other customer-facing materials.
• Provide materials for examinations and audits as needed.
• Develop a thorough understanding of procedures for all areas of responsibility.
• Develop knowledge of all compliance regulations within assigned areas of specialty.
• Provide guidance to other Bank employees on regulatory matters as needed.
• Other projects and duties as assigned.

EDUCATION AND EXPERIENCE:

A Bachelor's degree in business, finance, statistics, economics, or equivalent and relevant work experience. At least four years of related experience in consumer compliance, risk management, process improvement, audit, and/or the legal field related to banking or another highly regulated financial services field.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and /or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Strong working knowledge of consumer protection laws and regulations, associated risks, and the internal controls needed to mitigate those risks.
• Strong communication skills and the ability to influence decisions and drive change.
• Ability to think independently, take ownership, and drive initiatives to resolution.
• Solid analytical, problem-solving, and critical thinking skills.
• Ability to work independently, handling multiple priorities and rapid changes.
• Ability to read, analyze, and interpret general business periodicals, professional journals, and governmental regulations.
• Ability to write reports, business correspondence, and procedures.
• Ability to effectively present information and respond to questions from management, other Bank employees, customers, and the general public.
• Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations and work with mathematical concepts such as probability and statistical inference.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to interpret an extensive variety of technical instructions and deal with several abstract and concrete variables.
• Excellent organizational and time management skills.
• Advanced personal computer skills, including…