Jr Compliance Analyst

Essential Job Functions:

1. Serves as a reference for deposit compliance related matters and questions from all bank departments

2. Maintain a strong working knowledge of all deposit-related federal, state, and local regulatory compliance laws, regulations, and regulatory guidance

3. Assisting with assessing CRA performance and maintaining the Bank’s CRA public file

4. Review the Bank’s forms and disclosures to ensure that they comply with all applicable laws and regulations

5. Ensures that all complaints are escalated and appropriately resolved in a timely manner. Maintain records of complaints and resolution

6. Review, on a periodic basis, Regulatory Examinations Report Findings to ensure that the findings are accurate and that corrective action has been implemented

7. Provide guidance to the Compliance Officer and business units in order to establish coherent compliance related policies and procedures

8. Assist in facilitating internal audit and regulatory examination requests, engage with business units to address findings and help prepare responses. Assist management with document requests from examiners or auditors.

9. Provide reports as necessary to the Risk and Audit Executive.

10. Provide assistance when requested for creating, reviewing, and analyzing periodic reports related to BSA, OFAC, monetary instruments, early loan payoffs, and cash flow to ensure compliance with Regulatory responsibility

11. Communicate federal and state regulatory requirements and changes to appropriate business units.  Assist in implementing new or updated regulations.  Also, perform research on regulatory issues that is thorough, accurate and timely. Communicate the results of the research to the Compliance Officer for action plans to be developed

12. Prepare reports when necessary to senior management to keep them updated on progress of Compliance matters

13. Responsible for conducting ongoing monitoring reviews as set forth by the Compliance Manager.  Contribute towards a final report and work with the business unit(s) on remediation for the identified issues/findings

14. Responsible for monitoring, tracking, and managing customer complaints.  Work with departments to provide adequate bank responses.   Analyze complaints for trends and potential operational or regulatory issues. Monitor, track, and manage third-party websites and third-party vendors for customer complaints

15. Determining, in cooperation with the Compliance Officer, and assigning online Compliance courses for bank employees. 

Manage employee course completion progress, send communications to employees, conduct quarterly course progress reporting/trend analysis, and perform an annual audit of online courses assigned to all employees and investigate all situations where discrepancies exist

16. Maintain the bank’s Privacy Policy and Online Privacy Policy and ensure both are current with the bank’s practices

17. Responsible for reviewing deposit and, at times, non-deposit products marketing material to ensure it’s compliant with all federal and state rules and regulations

18. Conduct periodic risk assessments to identify compliance risk exposure

19. Responsible for working with business units to ensure third-party vendor oversight and conducting due diligence

20. Participate in bank projects and provide Compliance assistance for new product development, system initiatives, and changing products or services

21. Develop effective relationships within Compliance and with other Bank stakeholders

22. Attend training opportunities such as webinars, seminars, and conferences in order to enhance knowledge of current and changing compliance federal and state rules and regulations

23. Perform other duties as directed by the Compliance Manager

Knowledge, Skills and Experience Requirements

• BA degree or equivalent experience
• 2 years bank regulatory compliance experience
• Ability to analyze and interpret legal and statutory materials as well as federal and state regulations
• Working  knowledge of Regulation E, Regulation DD, Regulation D, Regulation CC, Regulation P, Regulation V, Regulation GG, COPPA, CAN-SPAM, TCPA, UDAAP, Right to Financial Privacy, FACTA, E-Sign Act, and Non-Deposit Investment Products (NDIP) regulations
• Ability to work independently, prioritize assignments and organize concurrent responsibilities
• Strong analytical and organizational skills
• Ability to identify problems and recommend solutions
• Excellent verbal/written communication and interpersonal skills