9 Compliance Analyst II Jobs in Sioux Falls, SD
Equity Trust is Hiring a Compliance Analyst II Near Sioux Falls, SD
The Compliance Analyst II contributes to the compliance program and assists in maintaining appropriate risk management. The position is responsible for performing investment and third-party reviews, monitoring transactions, preparing reports, and participating in compliance projects.
- Reviews client-directed investments for administrative feasibility.
- Reviews background checks, investment information and documentation for providers of assets under custody.
- Identifies and recommends freezing of assets to mitigate risk.
- Assesses regulatory filings and legal documents to prepare summaries for impaired asset candidates.
- Reviews third-party sales and marketing relationships to manage risk.
- Performs research through investigative databases and online tools.
- Review marketing collateral to ensure accuracy, clarity, and compliance.
- Conducts database scans for the Office of Foreign Assets Control (OFAC), information sharing, and applicable watchlists.
- Performs monitoring, reporting and administration requirements of the Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) compliance program in accordance with regulatory requirements and company policies.
- Uses analytic skills to evaluate potential fraud exposure, perform investigations, identify trends, and recommend internal loss prevention controls.
- Assists in the development and delivery of compliance training within the company.
- Responds to frontline questions regarding compliance and procedural matters.
- Compiles data and prepares reports for management and regulatory agencies.
- Makes recommendations for modifications and improvements to the systems, procedures, and processes for detecting variances in company policy, risk, and suspicious activity
- Implements programs/initiatives to enhance compliance awareness
- Performs other duties as assigned
- Minimum 3 years of experience in Operations, Compliance, or Audit department of financial services or other regulated business (bank, broker-dealer, or trust company preferred)
- Bachelor’s Degree in Business Administration, Finance, or related field; relevant work experience in lieu of a degree may be considered
- None required
- To be successful in this role, you should have experience with and an understanding of the following:
- Knowledge of trust/financial service industry preferred
- Familiarity with South Dakota Division of Banking Trust Company regulations, Internal Revenue Service requirements, and other federal laws preferred
- Proficiency in working with the Microsoft Office suite
In addition to our core company competencies of Cultivates Innovation, Nimble Learning, Action Oriented, Collaborates, and Being Resilient, a successful candidate in this role should exhibit the following behavioral competencies:
- Financial Acumen
- Communicates Effectively
- Action Oriented
- Instills Trust
This job operates in a professional office environment and routinely uses standard office equipment. While performing the duties of this job, the associate is regularly required to speak and hear. The associate is frequently required to sit for extended periods of time, as well as stand, walk, use hands and fingers, and reach with hands and arms. This job requires the ability to lift files, open filing cabinets, and bend or stand on a stool as necessary.
The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this description amended at any time.
Job Summary
Full Time
$51k-67k (estimate)
10/31/2023
05/26/2024
trustetc.com
SIOUX FALLS, SD
200 - 500
1974
Private
$5M - $10M
Related Companies
About Equity Trust
Equity Trust is a financial company offering retirement accounts and alternative asset custody services for individuals and financial professionals.
The job skills required for Compliance Analyst II include AML, Initiative, Microsoft Office, Financial Services, Anti Money Laundering, Communicates Effectively, etc. Having related job skills and expertise will give you an advantage when applying to be a Compliance Analyst II. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Compliance Analyst II. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Compliance Analyst II positions, which can be used as a reference in future career path planning. As a Compliance Analyst II, it can be promoted into senior positions as a Compliance Analyst (Banking), Sr. that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compliance Analyst II. You can explore the career advancement for a Compliance Analyst II below and select your interested title to get hiring information.
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