What are the responsibilities and job description for the Compliance Specialist position at First Federal Savings Bank?
Why work for First Federal Bank
Our company culture is driven by our desire to serve our members and communities, something we have done for over 100 years. Along with doing meaningful work, enjoy perks and benefits that come along with being part of Idaho’s only mutual bank – no stockholders or majority owners, just our account members!
Eligible First Federal Bank employees receive paid vacation, sick leave, and holidays; health insurance, dental insurance, and vision insurance; 401(K) retirement; educational assistance; life insurance; and long-term disability insurance.
Employees also receive paid community service hours and can participate in our Pay-It-Forward program to give back to the communities we serve. In addition, the First Federal Foundation has provided over $1.3 million to local non-profits since 2003. For a meaningful job and to be part of a community-focused team, as well as much more, apply today at www.bankfirstfed.com/careers.
Essential Responsibilities
The Compliance Specialist will:
- Perform reviews and quality control for compliance with Federal and State regulations and First Federal Bank policies and procedures.
- Develop and complete risk assessments for regulatory compliance and bank products and services.
- Make recommendations related to the bank’s internal monitoring schedules, new products or services, and other regulatory or compliance changes.
- Maintain up-to-date knowledge of relevant banking regulations and industry best practices.
- Act as a subject matter expert to bank staff and provide assistance to staff regarding compliance issues and related inquiries.
- Prepare and submit compliance reports to management.
- Develop, prepare, and deliver compliance training to bank staff.
- Assist with creating, maintaining, and updating compliance policies and procedures.
- Assist with special projects as directed by the Chief Risk Officer.
Minimum Qualifications
- A High School Diploma or equivalent.
- Two years of experience in banking or a closely related industry.
Preferred Qualifications
- Two years of experience in operational compliance at a bank.
- An associate’s degree or higher.
Job Requirements
- Reliable transportation to and from work.
- Sitting or standing for extended periods of time and the ability to work and operate computer applications and equipment.
- Able to perform essential responsibilities of the job with or without reasonable accommodation.