What are the responsibilities and job description for the Compliance Specialist position at Citizens Bank?
Assist the Compliance Officer in overseeing the bank’s compliance management system in relation to deposit products and services. This includes monitoring, auditing, training and acting as a resource for business line managers to ensure compliance with state and federal regulations and the bank’s policies and procedures.
Hours: Monday - Friday 8:15am-5pm
38-40 hours/week
*Hours may change at any time based on business needs
Duties and Responsibilities:
- Conduct comprehensive compliance reviews and internal testing of deposit regulations including TISA, Reg E, Reg CC, etc.
- Test lending regulations including TRID, Flood, RESPA, etc.
- Prepare detailed reports of audit findings, presenting any irregularities or exceptions to the Compliance Officer for the final review before submission to the Business Line owners, Compliance Committee and Senior Management.
- Liaison with external auditors/examiners to provide needed documentation and assist with
- Participate in the Bank’s internal deposit compliance training program.
- Act as resource to team members in regulatory deposit compliance areas.
- Collaborate effectively with business line team members to meet common goals and ensure compliance of the bank’s deposit products and services.
Non Essential Duties and Responsibilities:
- Assist with loan compliance audits as needed by CO and Loan Compliance Specialist.
- Lead or assist in projects as assigned to help implement deposit products and necessary regulatory changes within current products.
- Assist in training team members as needed in regulatory compliance areas.
- Any other duties as assigned.
Requirements:
- High School Diploma or equivalent required
- Associate's degree (A. A.) or equivalent from two-year college or technical school; or one to three years related experience and/or training; or equivalent combination of education and experience required
- Ability to read, research, and interpret regulations
- Knowledge of State and Federal regulations in the deposits and lending areas
- Acts in accordance with the Bank’s Service Excellence model
- Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act and the requirements of the Office of Foreign Assets Control. Additionally, all employees must follow policies and procedures to minimize risk by exercising good judgment, raising questions to management, and adhering to policy guidelines.
Critical Competencies:
- Accountability
- Communication - Oral and Written
- Problem solving
- Accuracy
- Communication
****Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities****
Our company is an equal opportunity/affirmative action employer. Applicants can learn more about their rights by viewing the federal EEO poster at https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf.