Compliance Associate

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Job description

Job Summary:
The Compliance Associate is responsible for ensuring the Bank complies with regulatory requirements and applicable policies, procedures, and practices, and collaborating in the identification, measurement, and monitoring of compliance risks within the Bank. The position may also assist with developing, implementing, and administering aspects of the Bank Secrecy, Anti-Money Laundering and Customer Identification Program, as needed.
Duties/Responsibilities:

• Assist with research federal and state banking laws and regulations, to stay updated with changes and to assist with answering questions that arise.
• Review the bank's policies and procedures to ensure overall compliance.
• Advise management and employees of emerging compliance issues and risks.
• Assist with updating or creating various Programs, Policies, Procedures and Risk Assessments to develop controls to mitigate those risks for the various banking areas.
• Create and help maintain Internal Compliance Reviews for significant processes, procedures, and applications within the operating areas of the bank.
• Assist with conducting Internal Monitoring Reviews on a scheduled basis and report the results to the responsible department head and Executive Management.
• Assist with creating and facilitating various Trainings for bank staff on various banking regulations, including Retail, Lending, BSA, and CRA & Fair Lending topics.
• Assist with maintaining a Bank Secrecy, Anti-Money Laundering and Customer Identification Program, policies, and risk assessment as needed.
• Assist when needed with the BSA-AML activities including reviewing and completing of CTRs, Alerts, Cases, and SARs, and review and testing of customer data and documentation.
• Help test and analyze data and processes to ensure overall compliance and accuracy.
• Serve as a Member on the Compliance Committee, and Suspicious Activity Evaluation Committee.
• Assist with scheduling compliance audits of the Bank and providing results to Executive Management and the Board of Directors.
• Review advertising copy for accuracy and adherence to regulatory requirements.
• Coordinate or assist with the preparation for appropriate examinations by the regulatory agencies.
• Review documents related customer complaints and inquiries.

Basic Qualifications:
Education and Experience

• Associate's degree preferably in business, finance, or other related area.
• Basic knowledge of regulatory requirements within the banking industry.

Skills and Abilities:

• Ability to comprehend and respond appropriately to both oral and written communications and/or directions.
• Strong reasoning and critical thinking skills.
• Strong verbal, written and interpersonal relationship skills.
• Ability to organize/prioritize work, handle workload independently and meet critical deadlines.
• Strong aptitude in decision-making.
• Proficient in Microsoft Office suite.

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