Compliance Analyst III

About the role

The Risk & Compliance department of Open Bank is seeking a Compliance Analyst III to join the team in an administrative/analyst level position. This is a hybrid position (Office days - Tues, Thur, Friday & Remote - Mon, Wed) in the greater Los Angeles, California area. Regular office attendance is required at the headquarters office, located in downtown Los Angeles, CA at least 3 days a week during bank operating hours.

Responsibilities

• Perform compliance administration and governance activities, including support for Risk and CRA activities, and Regulation B monitoring of non-originated applications.
• Maintain and understand the Bank’s online compliance training platform, including assigning courses, uploading content, monitoring completion status, responding to inquiries, and producing management reports.
• Perform brand monitoring review, tracking and responding to consumers.
• Assist with end-to-end coordination of risk meetings, including pre-meeting preparation, in-meeting support, and post-meeting follow-up.
• Perform compliance data validations and reviews for compliance with regulations and laws.
• Support branches and departments by performing basic compliance research and communicating regulatory requirements.
• Support development or updating compliance training materials.
• Remain current on regulatory developments, industry trends, and compliance best practices, and assist in updating compliance procedures and forms accordingly.
• Create or assist in the drafting of new or revised compliance procedures, and forms as needed.
• Assist in gathering documents and preparing for audits and regulatory examinations.
• Collaborate with the Compliance Team to meet team goals and facilitate a professional working environment within the group.

Requirements

• Bachelor’s degree in related field or equivalent experience but not required.
• Minimum three-years’ experience in banking, compliance, or other related fields required.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Ability to research and retain a broad knowledge of information to develop and prepare reports.
• Good analytical skills include the ability to collect data, define problems, establish facts, and draw conclusions.
• Ability to work independently in a remote and small team environment.

Qualifications

• Excellent research analytical skills.
• Attention to detail.
• Desire to increase skills and knowledge in banking compliance.

Benefits & Perks

• Medical, Dental, & Vision Insurance: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members.
• Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
• Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
• 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.
• Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
• Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
• Company Paid Lunch: Open Bank provides company paid lunch twice a week.

To view current job openings, please visit Open Bank Careers Page: https://myopenbank.com/about/