What are the responsibilities and job description for the Compliance Analyst position at Seacoast Bank?
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:
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.
- 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.