This role is a second line of defense within the Compliance Risk Management function, assisting with the development, implementation, enhancement, and maintenance of a comprehensive compliance program. The Compliance Analyst supports oversight of the Bank's policies and procedures concerning federal and state laws and regulations through compliance monitoring and testing responsibilities.
Responsibilities
Conduct periodic compliance testing and monitoring reviews
Identify, document, communicate, and appropriately escalate compliance findings
Evaluate management responses and root-cause analyses
Monitor corrective actions through resolution
Develop, maintain, and enhance risk-based compliance monitoring and testing procedures, including testing scope, sampling methodology, documentation standards, and reporting protocols
Conduct data analysis, correction, entry, recording, and filing of any regulatory reporting applicable to the Bank (CRA, HMDA, and 1071)
Assist with the development, implementation, and maintenance of the Bank's Compliance Management System
Lead or participate in the maintenance, review, or development of policies, procedures, and other reference materials to ensure compliance with applicable regulatory requirements and mitigate the risk of non-compliance
Assist with the assessment of all regulatory risks related to the Bank's operations, including identifying gaps in controls, highlighting areas of highest risk, participating in Compliance Risk Assessments and Risk and Control Self Assessments, and developing appropriate risk mitigation strategies
Conduct change management reviews of new products, processes, and initiatives for compliance with applicable federal and state regulations, statutes, and guidance
Review and approve marketing and other customer-facing materials
Provide materials for examinations and audits as needed
Develop a thorough understanding of procedures for all areas of responsibility
Develop knowledge of all compliance regulations within assigned areas of specialty
Provide guidance to other Bank employees on regulatory matters as needed
Perform other projects and duties as assigned
Requirements
Bachelor's degree in business, finance, statistics, economics, or equivalent and relevant work experience
At least four years of related experience in consumer compliance, risk management, process improvement, audit, and/or the legal field related to banking or another highly regulated financial services field
Strong working knowledge of consumer protection laws and regulations, associated risks, and the internal controls needed to mitigate those risks
Strong communication skills and the ability to influence decisions and drive change
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Ability to think independently, take ownership, and drive initiatives to resolution
Solid analytical, problem-solving, and critical thinking skills
Ability to work independently, handling multiple priorities and rapid changes
Ability to read, analyze, and interpret general business periodicals, professional journals, and governmental regulations
Ability to write reports, business correspondence, and procedures
Ability to effectively present information and respond to questions from management, other Bank employees, customers, and the general public
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations and work with mathematical concepts such as probability and statistical inference
Ability to define problems, collect data, establish facts, and draw valid conclusions
Ability to interpret an extensive variety of technical instructions and deal with several abstract and concrete variables
Excellent organizational and time management skills
Advanced personal computer skills, including proficiency in Microsoft Office products
Strong verbal, written, and interpersonal communication skills
Ability to sit and use hands to finger, handle, or feel frequently
Ability to stand, walk, and reach with hands and arms occasionally
Close vision and the ability to adjust focus
About the Company
Bank of the Sierra is an affirmative action employer committed to equal employment opportunities regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability status.
