Compliance Analyst, Finance & Banking

Compliance Analyst

Elgin Corporate Headquarters - Tulsa, OK 74120

Position Type Full Time

Vast Bank is looking to hire a Compliance Analyst!

We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package:

• Comprehensive benefits package & 401(k) match
• Professional development- opportunities for advancement!
• Tuition assistance
• Transit reimbursement
• Paid time off
• & more!

The Compliance Analyst supports the Compliance Department and the broader Risk Management team in the development, implementation, and ongoing administration of Vast Bank's Consumer Compliance Program. This role contributes to ensuring the Bank's adherence to applicable federal and state consumer protection laws and regulatory requirements through effective compliance risk identification, assessment, monitoring, testing, and analysis. The Compliance Analyst plays a key role in evaluating controls, identifying potential regulatory risk, supporting issue remediation, and promoting a culture of compliance across the organization.

Major Duties and Responsibilities

• Conducts testing to evaluate the Bank's performance for compliance across all areas of the Bank, as identified in the annual risk assessment and testing plan, to determine whether internal controls are operating effectively or if gaps exist. Subsequently collaborates with affected corporate functions and business lines to identify the root cause(s) of issues identified during testing processes and assist in developing and monitoring corrective actions to appropriately respond to testing findings and prevent further occurrences of non-compliance.
• Conducts special studies and research to prepare reports for management to determine any potential exposure to existing or pending compliance regulations and cooperates with the appropriate staff in developing an effective response to the compliance requirements.
• Conducts compliance research, regulatory analysis, and gap assessments related to new, amended, or pending laws and regulations, and assists with the preparation of summaries and reports for management regarding potential impact and implementation considerations.
• Assists in the coordination and data gathering related to external audit and regulatory examination activities.
• Review and critically assess current reporting systems in order to determine recommendations for maximum optimization.
• Responds to corporate functions and business unit questions regarding regulatory topics, customer complaints and other inquiries including monitoring for training opportunities.
• Assists in the coordination and data gathering related to external audit and regulatory examination activities.
• Assist in the general administrative and reporting tasks of the department as assigned.
• Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Knowledge & Skills

Experience Minimum 2-5 years of experience in a Compliance or Risk Management role in financial services. Education/Certifications/Licenses Bachelor's degree in business management. /Finance or equivalent. Interpersonal Skills

A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.

Role Important Behavioral Skills

• Strong communication skills to develop good working relationships and to promote cooperation and compromise among various departments.
• Display the ability to research and comprehend a high level of knowledge in current and developing regulations.
• Ability to develop and maintain effective working relationship at all levels by proactively participating and contributing to a positive work environment, controlling emotions and temperament, and exhibiting courteous, respectful, and professional behavior.
• Ability to quickly adapt to changing environments, processes, and technologies. Technological ability and willingness to work remotely from home as required.
• Strong organizational skills.
• Ability to maintain composure under pressure or adverse circumstances, using effective strategies for managing personal stress.
• Ability to maintain personal and work direction when faced with ambiguity.

ADA Requirements

Physical Requirements

Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 25 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers,…