POSITION SUMMARY

The Compliance Analyst will be responsible for assisting in implementing the Bank’s Compliance Program, designed to ensure that the Bank complies with various consumer laws and regulations.

SUMMARY OF ESSENTIAL JOB FUNCTIONS

• Maintains an advanced knowledge of laws, regulations, and regulatory guidance focusing on Bank Secrecy Act/Anti-Money Laundering requirements related to the Bank’s activities and products.
• Participate in the review and/or filing of SARs as required under BSA/AML.
• Assist in the investigations and responses to FinCEN’s 314a inquiries.
• Review potential matches to Sanctions Lists (OFAC). Appropriately action matches as necessary.
• Provides consultative services to all departments relative to consumer compliance matters and maintains a strong working relationship with all departments.
• Reviews and revises Compliance policies and guidelines provided to various departments as appropriate when regulatory agencies issue new or amended regulations, or to cover new products developed by the Bank.
• Conducts annual review of assigned Compliance policies and procedures to ensure they are up to date.
• Assists with preparing quarterly Board reports covering Compliance Department activities.
• May conduct monitoring reviews covering the above laws and regulations, provides written reports of findings and recommendations to department heads and executive management, and follows up to ensure corrective action has been taken on exceptions noted.
• May conduct testing of system functionality prior to or post implementation to ensure regulatory requirements are met.
• May review new or revised training courses to determine applicability to Bank employees and makes recommendations on courses that should be taken by Bank employees and the frequency they should be taken.
• May respond to confidential information requests from governmental agencies in connection with suspected terrorists.
• Assists with the coordination of OCC regulatory compliance exams and external compliance audits. Provides guidance to the business on developing action plans to resolve any exceptions noted.
• Performs other duties as assigned.

POSITION REQUIREMENTS

• Bachelor’s degree or equivalent banking experience;
• A minimum of five years of compliance, regulatory or AML/BSA experience or equivalent banking experience with emphasis on AML/BSA regulatory compliance;
• Knowledge of consumer protection laws and regulations;
• Leadership/project management skills;
• Strong interpersonal skills;
• Strong written and verbal communication skills;
• Strong analytical skills;P.C. skills.

Please refer the Job description for details