Compliance Specialist III

6 days ago

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FFB Bank

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Business Checking • Small Business (SBA) Loans • Savings Accounts • Money Market Accounts • Savings & CDs

51 - 200

Description

• The Compliance Specialist III reports to the Director of Compliance. • The Compliance Specialist III will assist in the implementation and administration of the Bank’s Compliance Management Program. • The Compliance Specialist III performs various quality control reviews and monitoring pertaining to the Regulatory Compliance, Customer Identification, CRA and HMDA using industry standards and regulatory guidance to ensure the bank’s compliance efforts are maintained daily. • Maintains a proficient knowledge of the current Bank Regulatory Compliance requirements. • Maintains proficient knowledge of all federal and state laws and regulations. • Monitors and updates compliance policies and procedures while maintaining a strong working knowledge of the bank’s overall policies and guidelines. • Provides feedback to the Director of Compliance for potential control weaknesses, staff training needs, policy or procedure enhancements and/or ongoing system errors. • Monitors record retention and bank marketing materials to ensure compliance with regulations and internal standards. • Performs regulatory testing of various bank processes to ensure compliance, including Regulation B, Flood, Regulation E, Regulation CC, legal processes, etc. • Assists in the implementation of training programs related to Regulatory Compliance, BSA/AML program/policies and procedures. • Assists in the development of bank forms, notices, disclosures and procedures to maintain compliance with regulatory requirements. • Assists with oversight of bank programs, provides reports and follow up of identified weaknesses. • Assists in the preparation and update of the Compliance and Enterprise Risk Assessment. • Assists in the preparation and coordination of independent audits and regulatory exams. • Assists with the tracking of audit findings through monitoring software. • Assists with auditing, monitoring and tracking of CRA and HMDA loans and reports. • Assists with maintaining the CRA public file. • Assists with oversight of merchant services program. • Assists Director of Compliance in preparation of Board reports. • Assists bank staff with Compliance related questions or research. • Supports with filing of CTRs, SARs, new account callback, high risk customer and account monitoring. • Supports with alerts generated through the BSA monitoring software. • Assists with special projects and perform other duties as assigned to support team goals and organizational needs.

Requirements

• Bachelor’s Degree preferred; comparable professional experience will be considered. • 10+ years banking experience or comparable field. • Banking regulatory certifications preferred. • Knowledge of payment processing, TPPP and FinTech requirements. • Ability to communicate clearly and effectively, with team members and senior leadership. • Proven ability to train, mentor, and coach employees to enhance their skills, maximize potential, and improve performance. • Ability to manage multiple projects, prioritize tasks, and meet deadlines while maintaining high-quality results. • Ability to learn new software. • Aptitude to fulfill interim Director of Compliance role.

Benefits

• Medical/Dental/Vision • Life Insurance • Paid Vacation • 401(k) Retirement Plan • Training & Development • Tuition Reimbursement • Employee Assistance Program • Internal Job Posting & Referral Program