Senior Compliance Specialist
First Business Bank is recognized as a Top Workplaces USA company, prioritizing people, ambition, and client focus. With a commitment to comprehensive total rewards, valuing differences, and community improvement, we offer an engaging environment where employees drive unmatched client satisfaction.
Work Model: Remote with occasional in-person meetings required for candidates in the Madison, Milwaukee, or Chicago markets.
About the role
As a Senior Compliance Specialist, you will partner with leaders across the organization to navigate an evolving regulatory environment, provide practical compliance guidance, and strengthen the Bank's Compliance Management Program. This role is ideal for a compliance professional who enjoys problem-solving, relationship building, and driving meaningful improvements that support both regulatory compliance and business success.
Responsibilities
- Regulatory Compliance & Risk Management
- Maintain expertise in applicable banking laws, regulations, regulatory guidance, and industry best practices impacting deposit, lending, treasury management, and operational activities.
- Conduct compliance monitoring and testing to ensure adherence to federal and state regulatory requirements.
- Identify compliance risks and gaps, partner with business leaders on corrective actions, and support ongoing enhancement of the Bank's compliance monitoring program.
- Compliance Advisory & Change Management
- Serve as a trusted compliance advisor to business lines by providing guidance, recommendations, training, and regulatory interpretations.
- Support implementation of new and revised regulations, communicating compliance updates, audit findings, and process improvement opportunities across the organization.
- Review, develop, and maintain policies, procedures, and controls to support regulatory compliance and operational effectiveness.
- Complaint Management & Regulatory Oversight
- Administer the Bank's complaint management program, including investigations, remediation, root cause analysis, and reporting to senior management and board committees.
- Review and approve marketing materials and oversee compliance with applicable advertising, disclosure, privacy, and FDIC requirements.
- Respond to compliance-related inquiries and support regulatory examinations, audits, and internal reviews.
- Compliance Projects & Program Administration
- Lead or support compliance-related initiatives involving new products, system implementations, process changes, and other strategic projects.
- Maintain compliance documentation, agreements, procedures, and records to support regulatory requirements and audit readiness.
- Prepare reports, presentations, and training materials to promote compliance awareness throughout the organization.
- Team & Organizational Support
- Collaborate with Compliance Team members and cross-functional partners to strengthen the Bank's overall compliance program.
- Participate on committees and special projects, contributing to operational improvements and risk mitigation efforts.
- Perform other duties and responsibilities as assigned.
Requirements
- Bachelor’s degree required or equivalent work experience.
- 7-10 years of bank compliance, audit, operations, or client service experience, with an emphasis on compliance and banking regulations.
- Knowledge of Federal and State laws and regulations.
- Understanding of the operating and regulatory environment for community banks.
- Ability to adapt to an expanding and changing regulatory environment.
- Ability to manage, organize, and prioritize projects independently.