Compliance Analyst (open to remote)

Description

Works to mitigate risk exposure by identifying and reporting breakdowns, summarizing and disseminating information on new laws and regulations, and assisting with implementation of changes to policies, procedures and training as a result of regulatory or other changes.

*Opportunity to work remotely (if not local) based on business needs and on a case by case basis

ACCOUNTABILITIES

RESEARCHES NEW AND EXISTING REGULATORY REQUIREMENTS IMPACTING CREDIT DIVISION

• Prepares summaries on regulatory issues
• Communicates regulatory changes to management
• Works with bank partner to align on interpretation and implementation of agreed upon actions within acceptable timeline
• Assesses current practices and assists in implementation of required changes

SERVES AS POINT OF CONTACT FOR REGULATORY INFORMATION

• Serves as liaison for regulatory questions within Credit division
• Reviews and escalates control monitoring variances
• Reviews and evaluates risk issues
• Engages business owners to remediate risk
• Serves as point of contact for new Credit initiatives

WORKS WITH BUSINESS UNITS AND BANK PARTNER TO ASSESS AND MITIGATE RISK

• Reviews documented policies and procedures and training materials to identify risk, gaps and remediation
• Ensures effective controls are developed and maintained to mitigate risk

SPECIAL PROJECTS

• Serves as point of contact for bank partner's audits, exams, assessments and testing
• Handles special projects, as assigned

QUALIFICATIONS

REQUIRED

• Prior credit, banking or compliance experience
• Strong analytical skills
• Excellent communication skills

PREFERRED

• Bachelor's degree in a related field