The Compliance Specialist performs a variety of critical monitoring functions related to regulatory consumer protection focused on BSA/AML within a community bank. The Compliance Specialist ensures ongoing compliance with established policies, procedures, and federal, state, and local government regulations.
This is a part-time role, 3-4 days per week.
-Responsibilities may include OFAC review, RFI's, EDDs CIP monitoring, and risk assessments.
-Works with operating units to create controls and monitoring tools specific to regulatory compliance.
-Understands compliance risk management concepts and assists in implementing and updating the
Bank's compliance risk assessment.
-Prepares action plans to implement regulatory changes that impact the Bank's operations.
-Independently performs compliance testing using knowledge of regulations to evaluate the
performance of the Bank's various operating units within the context of these regulations.
-Executes and assists on designated aspects of testing methodology including planning, preparation of written scope documents, work papers and audit reports, fieldwork, and audit issue follow-up activities.
-Assists with the preparation and presentment of monitoring and audit recommendations to business unit management.
-Assists in the development of compliance training and initiates training.
-Supports the operating units and branch locations by responding to questions and conducting
compliance risk assessments.
EXPERIENCE, EDUCATION, CERTIFICATION:
-Bachelor's degree and some formal regulatory compliance training, or equivalent work experience.
-3-5 years compliance experience in the financial services area.
-Exposure to consumer regulatory compliance in deposit operations preferred.