Compliance Specialist I

About the role

The Compliance Specialist I works directly with the Compliance Manager to meet the requirements of the assigned regulatory area of the Compliance department. This includes researching, reviewing, and interpreting existing and pending laws and regulations. The Compliance Specialist aids management in maintaining a quality compliant culture.

Responsibilities

• Interprets regulations in conjunction with impacted departments and processes, ensuring policies and procedures reflect the spirit and intent of such regulations. This may include working cooperatively with lending departments to meet both Bank and regulatory needs, and testing performance with implemented processes to ensure understanding and compliance.
• Provides ongoing assistance and support to the Compliance Manager in establishing and modifying standards, policies, and procedures affecting compliance, including administrative responsibilities.
• Works directly with the Compliance Manager to meet the requirements of the Compliance Management Program, including associate training, performance of periodic regulatory compliance reviews, and conducting internal risk assessments.
• Stays current on industry standards, trends, and proposed and actual regulatory changes relating to relevant compliance topics.
• Ensures all departmental documents and activities comply with applicable laws, regulations, policies, and procedures, including completion of required compliance training.
• Participates on project teams to ensure compliance needs are met for new products and processes, providing input on compliance and regulatory matters.
• Serves as backup to assist compliance staff by researching compliance questions or issues posed by Bank personnel, auditors, and examiners.
• Maintains personal grooming and company dress and appearance standards, as well as company attendance standards.
• Performs other tasks as assigned.

Requirements

• Bachelor’s degree in Accounting, Finance, or Business, or two to four years’ experience in an equivalent compliance position (preferred).
• A valid driver license.

Skills

• Ability to interpret and explain compliance laws and regulations affecting the Bank.
• Demonstrated knowledge and experience with desktop software tools such as Excel, Word, and PowerPoint.
• Excellent verbal and written communication skills, with the ability to maintain confidentiality.
• Strong organizational skills, with the ability to prioritize and coordinate a variety of assignments simultaneously.
• Ability to work independently and function under limited supervision, exercising good judgment, speed, and accuracy.
• Ability to work effectively with various teams, exhibiting strong interpersonal skills.
• Ability to identify compliance tasks.

Physical Demands

• Regularly required to talk and hear.
• Requires sitting for extended periods, with some walking, bending, kneeling, stooping, crouching, crawling, and climbing.
• Occasional light lifting, not over 25 lbs.
• Specific vision abilities required include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.