What are the responsibilities and job description for the Compliance Analyst position at First PREMIER Bank/PREMIER Bankcard?
At First PREMIER Bank and PREMIER Bankcard, we’ve created a culture that emphasizes personal success, respect, health, and wellness, fun and giving back. This is an environment where you will be rewarded, valued, and celebrated for your hard work.
We offer a robust and expanded package of health benefits, incentives, paid time off and growth and career advancement opportunities. We celebrate our employees and show our appreciation with private concerts, outdoor bashes, cash and car giveaways and more! See some of our epic celebrations and employee recognitions.
Considered one of the nation’s strongest financial organizations, we’ve achieved our success by embodying the views and values of The PREMIER Way. From our CEOs to the newest hires, we all follow these shared views and values to guide us on how to treat our customers, co-workers and communities. The PREMIER Way also serves as a roadmap on how to be successful inside and outside of the workplace. We believe in investing in our employees, their families and our communities.
Job Description
Compliance Analyst
Job Code: 262
Department: Compliance
FLSA Status: Exempt
Job Purpose
Compliance is responsible for providing an independent, objective assurance and consulting activity designed to add value and improve First PREMIER Bank and PREMIER Bankcard LLC’s operations. Compliance helps management accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of regulatory, control, and governance processes. Compliance is responsible for the timely execution of risk-based reviews in accordance with the annual approved program, as well as assisting with other regulatory matters and projects. Compliance will provide management, including the Audit Committee and Board(s) with information, advice and recommendations on risks and opportunities.
Primary Responsibilities
Essential duties and responsibilities include the following. Other duties may be assigned.
The physical demands required to perform the essential functions of the job:
This job description indicates, in general terms, the type and level of work performed as well as the typical responsibilities of employees in this position. This job description may be modified at any time at the discretion of department management.
We offer a robust and expanded package of health benefits, incentives, paid time off and growth and career advancement opportunities. We celebrate our employees and show our appreciation with private concerts, outdoor bashes, cash and car giveaways and more! See some of our epic celebrations and employee recognitions.
Considered one of the nation’s strongest financial organizations, we’ve achieved our success by embodying the views and values of The PREMIER Way. From our CEOs to the newest hires, we all follow these shared views and values to guide us on how to treat our customers, co-workers and communities. The PREMIER Way also serves as a roadmap on how to be successful inside and outside of the workplace. We believe in investing in our employees, their families and our communities.
Job Description
Compliance Analyst
Job Code: 262
Department: Compliance
FLSA Status: Exempt
Job Purpose
Compliance is responsible for providing an independent, objective assurance and consulting activity designed to add value and improve First PREMIER Bank and PREMIER Bankcard LLC’s operations. Compliance helps management accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of regulatory, control, and governance processes. Compliance is responsible for the timely execution of risk-based reviews in accordance with the annual approved program, as well as assisting with other regulatory matters and projects. Compliance will provide management, including the Audit Committee and Board(s) with information, advice and recommendations on risks and opportunities.
Primary Responsibilities
Essential duties and responsibilities include the following. Other duties may be assigned.
- Develop knowledge of key regulations relevant to the business to interpret regulatory requirements and assess organizational compliance.
- Develop and conduct compliance training to educate personnel organization wide and ensure awareness of regulatory requirements.
- Consult with the business on regulatory matters related to operations and customer relations and provide advice on risks and controls.
- Conduct independent reviews and monitoring to assess adherence to regulatory requirements and make recommendations as needed to mitigate risk.
- Prepare work papers and reports and communicate with affected personnel and management.
- Attend various business/taskforce meetings.
- Demonstrated organizational skills, confidentiality, and independent work experience necessary.
- Excellent verbal and written communication skills are required.
- Strong attention to detail.
- Ability to become proficient in at least four major compliance regulations.
- Ability to learn four sections of the Bank Secrecy Act / Anti-money Laundering program.
- High school diploma or equivalent, required
- Industry experience in a banking or financial organization, preferred.
The physical demands required to perform the essential functions of the job:
- Extended periods of sitting and working on a computer is required.
- Must occasionally lift and/or move up to 15 pounds.
- Work environment is a standard office setting.
This job description indicates, in general terms, the type and level of work performed as well as the typical responsibilities of employees in this position. This job description may be modified at any time at the discretion of department management.