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Job Summary: The Compliance Analyst's role is to support the BSA & Compliance Officer and assist in the implementation and maintenance of the bank's compliance program. You will be responsible for monitoring and analyzing regulatory requirements, internal policies, and industry standards to ensure the bank operates in adherence to applicable laws and regulations. Your primary focus will be on conducting compliance reviews, assessing risk, and providing recommendations to enhance the bank's compliance framework, including advertising and disclosure reviews, and CRA-related activities.
Job Functions:
Compliance monitoring and assessment : Monitor and analyze regulatory changes, industry trends, and internal policies to assess their impact on the bank's operations. Evaluate the bank's compliance with applicable laws, regulations, and internal policies through periodic reviews and assessments.
Compliance reporting and documentation : Assist in the preparation and submission of compliance reports to senior management and regulatory authorities. Maintain comprehensive and accurate compliance documentation, including policies, procedures, reports, and records of monitoring activities.
Risk assessment and mitigation : Conduct risk assessments to identify potential compliance risks associated with the bank's activities, products, and services. Collaborate with the BSA & Compliance Officer and management to develop strategies and controls too mitigate identified risks.
Compliance reviews and audits : Perform compliance reviews and audits to assess the effectiveness of the bank's compliance program. Identify areas of non-compliance or potential weaknesses and provide recommendations for improvement.
Regulatory research and analysis : Stay updated on changes in laws, regulations, and industry guidelines relevant to the bank. Conduct research and analysis to interpret regulatory requirements and assess their impact on the bank's compliance obligations.
Training and awareness : Support the development and delivery of compliance training programs for bank employees. Assist in raising awareness of compliance policies, procedures, and regulatory requirements throughout the organization.
Qualifications:
About CommerceWest Bank-
Within an intelligently organized framework, we will provide flexibility, creating a complete, safe and sound banking experience for each client, servicing owners, their key executives and catering to their specific business and individual banking needs. We work to accommodate our clients, rather than force our clients to accommodate us.
By employing a strategically selected team of experienced professionals, we carefully shepherd the assets with which we are entrusted.
Join our dynamic team of professionals and enjoy catered lunches, fun employee events, AND 100% paid benefits for you and your children! "Bank on The Difference"
Full Time
$88k-119k (estimate)
04/29/2024
05/12/2024
cwbk.com
Irvine, CA
100 - 200
Banking
The following is the career advancement route for Compliance Analyst positions, which can be used as a reference in future career path planning. As a Compliance Analyst, it can be promoted into senior positions as a Compliance Specialist IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compliance Analyst. You can explore the career advancement for a Compliance Analyst below and select your interested title to get hiring information.
If you are interested in becoming a Compliance Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Compliance Analyst for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Compliance Analyst job description and responsibilities
Compliance analysts can help ensure that your organization's products or processes meet compliance specifications.
03/13/2022: Hopkinsville, KY
They can audit members of professional organizations to determine whether they meet the standards set by the organization.
03/11/2022: Fresno, CA
Most of them contribute to security designs through acquisitions and/or system developments to deliver and maintain a compliant system.
02/10/2022: Clearwater, FL
Help companies remain compliant with regulations, thus preparing them for audits.
03/13/2022: Columbus, OH
The compliance analyst has a duty to maintain legal and regulatory compliance by researching, analyzing, and communicating regulatory requirements and obtaining the appropriate approvals.
02/27/2022: Casper, WY
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Compliance Analyst jobs
Every compliance analyst has slightly different duties, tasks, and responsibilities due to varying job descriptions.
12/30/2021: Billings, MT
Smaller organizations still focus on having a single compliance specialist rather than a complete department.
01/25/2022: Santa Cruz, CA
Sometimes, the compliance analyst works along with the compliance head and other compliance officers.
01/26/2022: Denver, CO
Ability to accurately complete applications for compliance certification.
03/08/2022: Fayetteville, AR
Get Certifications and Continue Learning.
12/24/2021: Saginaw, MI
Step 3: View the best colleges and universities for Compliance Analyst.