What are the responsibilities and job description for the Compliance Specialist (onsite) position at First Community Bank?
First Community Bank
5406 Everhart Rd.
Corpus Christi, TX
Position Summary
The Compliance Specialist is responsible for assisting in the development, implementation and administration of all aspects of the Banks Compliance Management Program. This position assists the Compliance Officer who plans, organizes, and controls the Banks day-to-day administrative, lending and operational compliance activities. Participates in various committees, audits and examinations. The Compliance Specialist assists the Compliance Officer in the implementation of training programs related to new hires, compliance, customer service, mainframe and software computer programs.
Compliance Specialist job duties:
1. The Compliance Specialist assists the Compliance Officer with bank policies and procedures, as well as all independent, state and federal banking regulations and regulator auditor inquiries.
2. Maintains a proficient knowledge of all applicable banking rules and regulations.
3. Performs duties as required to assist the Community Reinvestment Act Officer to help ensure the Bank meets the needs of the community and attains CRA compliance goals.
4. Performs duties as required to assist the Compliance Officer to help ensure the Bank meets the requirements of the Home Mortgage Disclosure Act.
5. Works closely with the Compliance Officer to help develop strategic plans, reviews reports; organizes plans and make recommendations for major compliance initiatives involving functional changes within the Bank and budgets.
6. Assist the Compliance Officer identify and mitigate potential risk issues against the Bank; interact with Bank personnel pertaining to such issues.
7. Verifies the accuracy of APY and APR calculations for system, disclosure and advertising purposes.
8. Oversee actions of comprehensive self-testing, independent third party and regulatory audits; makes necessary preparations for such audits or exams; assists in preparing responses to external auditors and regulatory examiners; helps the Compliance Officer ensure deficiencies identified from such audits and examinations are corrected.
9. Assists the Compliance Officer Develop and administer various forms to assure the use of correct and updated forms by Bank personnel.
10. As directed by the Compliance Officer, ensures compliance with all applicable reporting and recordkeeping requirements.
11. Consistently applies superior decision making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
12. Assumes responsibility for special projects, gathers data and prepares reports for Compliance Officer, audits and other personnel.
13. Processes, solves and answers complex customer transactions, problems or inquiries as required by the Compliance Officer. Research and respond to customer complaints in accordance to all state and federal regulations.
14. Operates computer terminal or personal computer to process account activity, determine balances and resolve problems within given authority.
15. Answers telephones, answers questions and directs callers to proper Bank personnel.
16. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
17. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
18. Follows policies and procedures; completes administrative tasks correctly and on time; supports the Banks goals and values; benefits the bank through outside activities.
19. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to ones own actions and conduct.
Skills/Qualifications/Requirements:
2-5 years of regulatory compliance experience is desired. Knowledge of personal computers and data processing systems associated with compliance is required. Knowledge of automation principles and current software/hardware applications is essential. This job requires the ability to meet established deadlines, work productively in groups and individually, communicate effectively in writing and orally, operate standard office equipment, work extended hours occasionally, and travel to various bank locations and training activities as needed.