What are the responsibilities and job description for the Compliance Analyst position at Seacoast Bank Careers?
JOB SUMMARY:
Assist the Consumer Compliance Officer in overseeing the development, enhancement and monitoring of a sound consumer compliance program throughout the bank.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Review advertising, promotional materials and customer communications for proper disclosures, demonstrating knowledge of deposit and loan compliance regulations.
- Review Bank website changes, new pages / content for proper disclosures in accordance with regulatory requirements.
- Coordinate updates to customer-facing materials related to material process changes as needed.
- Review first line compliance self-testing and/or checklists, monitor for exceptions, and escalate concerns to supervisor as needed.
- Assist in quarterly compliance monitoring activities as needed.
- Assist in ongoing compliance monitoring for high risk and customer-facing third party vendors.
- Assist in testing for compliance control environment reviews and other assignments within time allowed.
- Follow-up on issues found to test for proper remediation; update issue tracking system accordingly.
- Collaborate with management and other departments to ensure policies and procedures are efficiently and effectively implemented.
- Perform research and provide compliance insights to business partners on an ad hoc basis.
- Review and update bank forms and disclosures for compliance with applicable laws and regulations as needed.
- Assist with merger & acquisition-related testing and monitoring.
- Keep the Consumer Compliance Officer informed on the progress of assignments.
- Collaborate with Internal Audit and Credit Risk Review teams, as needed.
- Keep abreast of regulatory and industry developments relative to compliance matters.
- Assist Consumer Compliance Officer in tracking and disseminating compliance information and regulatory changes to management and staff, including drafting the quarterly Risk Newsletter.
- Follow up on assigned regulatory change management cases and ensure compliance by required dates.
- Assist in maintenance and reporting of regulatory change management module within GRC tool.
- Assist in development of compliance training programs for new or changed regulations as needed.
- Assist in regulatory examination preparation, including document gathering, tracking, and research.
- Keep abreast of regulatory and industry developments relative to compliance matters.
- Maintain compliance-related procedures relative to ongoing vendor oversight, regulatory change management, and marketing compliance.
- Assist in other departmental risk assessment efforts.
EDUCATION and/or EXPERIENCE:
- College degree or equivalent work experience required
- 3 years experience in banking (mid-size bank experience preferred)
- 3 years of regulatory compliance experience desirable
- Intermediate knowledge of federal and state banking laws, rules and regulations
- To perform this job successfully, an individual should have Intermediate proficiency in Microsoft Excel, Word, internet research, and database software. FIS IBS Insight, LogicManager GRC experience desirable.
- Professional compliance certification (e.g., CRCM, CAMS, CFE, CIA, etc.) desirable
- Working knowledge of compliance monitoring tools and techniques.
The Statements above are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of responsibilities, duties, and skills. Because these statements are general, the job description is used for a variety of purposes including job evaluations; performance reviews; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry. It is the policy of Seacoast Bank that all Associates will be familiar and compliant with all regulatory, legal, ethical and Bank risk mitigation requirements pertaining to both our industry and their individual roles. This includes the on time, successful completion of annual required training post-hire and effective execution of role responsibilities.