What are the responsibilities and job description for the Regulatory Consumer Compliance Analyst position at Equity Bank?
Position: Regulatory Consumer Compliance Analyst
Department: Audit & Compliance
Location: Wichita, KS (on-site)
Status: Full-time/ Hourly
Responsibilities And Expectations
As a key second line of defense, the Compliance Monitoring Analyst ensures a strong, enterprise-wide compliance culture by regulatory compliance monitoring activities under the direction of the Chief Compliance Officer to validate Equity Bank’s adherence to applicable laws and regulations.
Physical Requirements
This position requires standing, walking, bending, and squatting on a regular basis. May require the ability to stoop, kneel, crouch or reach with hands and arms. Requires the ability to carry, lift, move or push up to 25 pounds on an occasional basis. Must be able to talk and listen to others.
Work Environment
This position regularly works in an office setting. Most of the job duties require the employee to be working with computers and electronic media on a regular basis.
Equity Bank is an equal opportunity employer and will not make employment decisions based on an applicant’s race or skin color, national origin or ethnicity, religious beliefs, age, sex, physical or mental ability.
Department: Audit & Compliance
Location: Wichita, KS (on-site)
Status: Full-time/ Hourly
Responsibilities And Expectations
As a key second line of defense, the Compliance Monitoring Analyst ensures a strong, enterprise-wide compliance culture by regulatory compliance monitoring activities under the direction of the Chief Compliance Officer to validate Equity Bank’s adherence to applicable laws and regulations.
- Lead and participate on compliance review engagements, from planning to reporting, and produce quality deliverables to both department and professional standards, while ensuring the reviews are completed timely
- Document monitoring activities accurately, thoroughly, and according to department standards that clearly communicate the objective, scope, and supports conclusions of test findings.
- Finalize findings identified from the compliance reviews and use judgment to provide an overall opinion on the control environment by developing recommendations to strengthen internal controls
- Prepares effective communication reporting with minimal direction of Chief Compliance Officer to summarize findings, including root cause analysis and identifies opportunities for additional automated or system controls to assist in providing more automated controls.
- Verify the implementation of remediation plans submitted by issue owners to verify that issues identified during monitoring are remediated and fully address the root cause.
- Performs follow up for the completion of action plans for issues identified in monitoring activities to ensure completion is within target date timeframes. This includes following up for regular status updates from action plan owners and updating the status in GRC tool.
- Maintain working knowledge of consumer compliance rules and regulations and their impact on products, services and operations including impact on testing
- Build and maintain strong relationships with key stakeholders and team members.
- Assist in conducting risk assessments of banking laws and regulations in support of a risk-focused compliance monitoring and testing framework.
- Recognize the confidential nature of Risk and Compliance communications and access to information; exercise discipline in protecting the confidentiality and security of information in accordance with firm policy
- Perform other duties as assigned or required.
- Bachelor's degree (or relevant financial services experience)
- Experience with internal audit methodology and applying concepts in audit delivery and execution
- Solid understanding of internal control concepts, with the ability to evaluate and determine the adequacy of controls by considering business and technology risks in an integrated manner
- Knowledge of applicable laws and regulatory requirements related to consumer compliance
- Strong interpersonal and influencing skills, with the ability to establish credibility and build partnerships with senior business and control partners; adept at presenting complex and sensitive issues to senior management
- Excellent written and verbal communication skills
- Detail oriented, with ability to complete reporting and analytics accurately, timely, and in a presentable manner
- Self-motivated, going beyond immediate responsibilities, with ability to work independently as well as be a team player
- Eager to learn new things in a fast-paced environment
- Ability to work in structured and unstructured environments while focusing on big picture objectives among day-to-day responsibilities
Physical Requirements
This position requires standing, walking, bending, and squatting on a regular basis. May require the ability to stoop, kneel, crouch or reach with hands and arms. Requires the ability to carry, lift, move or push up to 25 pounds on an occasional basis. Must be able to talk and listen to others.
Work Environment
This position regularly works in an office setting. Most of the job duties require the employee to be working with computers and electronic media on a regular basis.
Equity Bank is an equal opportunity employer and will not make employment decisions based on an applicant’s race or skin color, national origin or ethnicity, religious beliefs, age, sex, physical or mental ability.
