Regulatory Compliance Auditor

Description

Reports To: Director of Compliance Systems

Department: BSA, Fraud & Compliance

Classification: Full-Time, Exempt

Hours: 8:00am-5:00pm, Monday through Friday; other days and hours as needed

Location: Headquarters - Topeka

Role

The Regulatory Compliance Auditor assists in advocating for and facilitating the development, implementation, communication, and maintenance of a corporate-wide Compliance Management System (CMS). This role is responsible for all facets of the Line of Business compliance program to ensure full compliance with state and federal laws, rules, and regulations. This position is actively engaged and readily available to work with Senior Management and Business Managers to revise or develop operating procedures to ensure compliance with update or new regulatory requirements.

Essential Functions & Responsibilities

The Regulatory Compliance Auditor is a member of the bank's Risk Compliance team.

• Assist Compliance Director with overall management of the Bank's Compliance Management System
• Conduct ad-hoc compliance reviews and or process assessments, including internal investigations and other management requests
• Assist with the execution of risk assessments to identify and analyze risk trends in compliance management procedures, recommend corrective actions related to increased residual risk and report all risk assessments and findings to the Compliance Committee
• Prepare and present accurate and timely compliance audit reports that include clear and concise audit findings and recommendations
• Facilitate file testing with Generalists to ensure accurate and timely testing
• Tracking and reporting the effectiveness of implemented corrective actions and ongoing compliance activities
• Assist in managing the dissemination of compliance-related information to Bank employees to ensure familiarity with compliance requirements
• Evaluate new or changed products and business initiatives for compliance risks and mitigation strategies
• Assist in the development, strengthening, and implementation of operating procedures supporting the requirements in existing laws and regulations
• Assist Internal Audit in the development of regulatory review schedules
• Assist Compliance Director and Audit Director in the development, execution and tracking of compliance audits
• Maintain a cutting-edge awareness of regulatory and legislative developments and industry trends
• Initiate and facilitate collaborative alliances with senior management, executive management, and corporate partners to ensure the compliance program is adequately managed
  
  

Please note this description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Requirements

Experience:

• 8 to 10 years of experience in bank regulatory compliance applicable to all loan types
  
  

Education

• Bachelor’s degree, or an equivalent combination of education and experience, recommended
  
  

Skills & Abilities

• Strong written, verbal, and interpersonal skills including ability to interact effectively with customers, employees, and management are essential.
• Strong analytical skills required to gather, assess and present quantitative and qualitative data
• The ability to plan and execute multiple projects and initiatives balancing department and organizational demands and resources is a must
• Demonstrates proficiency sufficient to apply the use of software applications (Microsoft Office Suite) without assistance and minimal supervision
• Ability to work independently and in a team to plan and accomplish a project or elements of a project identifying responsibilities, tasks, deadlines with timely completion
• Ability to work with a team including members from Legal and Audit or Business Units to identify and solve problems or resolve issues; Must be able to demonstrate sound judgment and apply logical and critical thought processes when developing and recommending solutions
• Demonstrated proficiency in effectively learning using common Bank applications to execute on the position’s job requirements.
• Persistence in working through delays and missed deadlines to ensure the engagement stays on track
• Ability to recognize when something is wrong or likely to go wrong, recognizing a problem and knowing when to bring the Director into the loop
• Demonstrated ability to manage multiple projects concurrently
  
  

Interpersonal Skills

Diplomacy, courtesy, and tact required. Demonstrated ability to foster sound, professional relationships with management is necessary. An ability to maintain professional composure in a dynamic work environment that often requires the management of multiple and competing priorities. Demonstrated willingness to be a contributing and engaged member of team by sharing knowledge, working towards common goals and maintaining a positive attitude. Capable of establishing effective work relationships with peers and credibility with superiors and customers. Establish, foster and maintain working relationships with peers and supervisory management within the department, business lines and Information Technology support.

Competencies

• Experience in analyzing operating procedures and controls relevant to loan documentation
• Able to perform analysis and formulate opinions on output from Compliance Analysts
• Able to develop and support conclusions and make practical recommendations to the business lines; Ability to develop and implement controlled, systematic step-by-step processes based on guidance and procedures
• Strong understanding of the Federal Reserve and Consumer Financial Protection Bureau (CFPB) examination standards and general regulatory issuances
• Strong ability in the CoreFirst Bank & Trust Competencies: Customer Focus, Compliance, Ethics, Perseverance, and Time Management; Adherence to CoreFirst Bank & Trust’s Values of Integrity, Teamwork and Collaboration, Respect and Inclusion, and Accountability required
• Displays a positive business presence with management and external contacts
  
  

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to sit, stand, and walk. Some light physical effort required.

Travel

Travel is primarily local during the business day.

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, copy machines, filing cabinets, and fax machines.

Other

• Applicants must have a clean driving record and pass a drug screen and background check
• Internal applicants must meet the minimum requirements of their current job and submit a cover letter and resume via the employee portal
  
  

CoreFirst provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, CoreFirst Bank & Trust complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

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