Compliance Analyst

SUMMARY

Supports the Compliance Officer in the execution of the Compliance Management System. Understanding of laws, rules and regulations related to Bank Operations, Marketing, Deposits and Lending required. Conducts periodic monitoring and testing on the Bank's products and services. Maintains compliance policies and reviews compliance and business procedures for implementation of compliance regulations or integration into existing processes and practices. Supports the Compliance Officer in the preparation of the Bank Risk Assessment, Tracks and monitors corrective actions performed within business areas for any identified compliance issues within those functions. Experience with Vendor Management Program activities desired. Available as a subject matter expert and resource for questions and training across the organization. Ensures customer complaints are timely addressed and any identified issues or errors are appropriately resolved. Prepares reporting to the Compliance Officer on the effectiveness of the Compliance Program framework, and associated compliance-related activities across the Bank.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Reviews and revises, as appropriate, policies and reviews departmental procedures specifically addressing regulatory compliance topics or applying compliance standards to existing Bank or departmental processes.
• Monitors and conducts periodic compliance testing in business area departments for satisfactory measure of compliance. Responds to issues or findings identified, tracks and monitors issue resolution, prepares and delivers reports to the Compliance Officer on monitoring and testing matters.
• Compliance regulations and amendments for implementation into Bank products, workflow, and policies and procedures. Works on new product development as impacted by compliance regulations.
• Manages Compliance Program and compliance-related business activity documents and forms development and updating, including applications, disclosures, loan documents, brochures, etc.
• Trains in compliance aspects applicable business areas and their individual areas of responsibility and all employees, as needed.
• Reviews and approves Bank advertising for regulatory compliance.
• Maintains Complaint Log and manages complaint/error resolution and responses process. Develops and provides periodic reporting on Complaints to Management and appropriate Governance committees.
• Works closely with banking regulators during and in preparation of compliance exams.
• Supports Vendor Management Program activites

ADDITIONAL RESPONSIBILITIES

• Demonstrates high degree of professionalism in communication, attitude and teamwork with customers, peers and management
• Demonstrates high level of quality work, attendance and appearance
• Adheres to all Company Policies & Procedures and Safety Regulations
• Adheres to local, state and federal laws

• Understands and complies with all company rules and regulations
• Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position and job responsibilities, with an emphasis on the BSA/AML/CIP, Consumer Privacy, FCRA, Marketing requirements, Regulation CC, Information Security, Bank Protection Act, FACTA-Identity Theft, Information Technology and GLBA.
• Additional duties as assigned as it relates to the position

SUPERVISORY RESPONSIBILITIES

This position may have supervisory responsibilities

MINIMUM QUALIFICATIONS

• Sound working knowledge of federal and state banking consumer protection laws and regulations, including ECOA, E-SIGN Act, RESPA, TILA, HMDA and FHA and state predatory lending and high cost regulations.
• Minimum five years' experience practicing regulatory compliance in Lending and Operations for an insured financial institution.
• Overall banking knowledge and experience required to comprehend and facilitate satisfactory compliance standards throughout the Bank.
• Ability to write policies and procedures and effectively educate and train staff.
• Demonstrates competency and professionalism in working with banking regulators.

COMPETENCIES:

• Adaptability
• Communication
• Decision Making
• Initiative
• Innovation
• Motivator
• Organization
• Professionalism
• Results Orientated