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Company

Open Bank · 9 hours ago

Compliance Specialist II

United States

Full-time

Remote

Entry, Mid Level

2+ years exp

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Responsibilities

Adhere to the Bank’s established code of business conduct and ethical behavior.

Maintain confidentiality and promptly report sensitive inquiries or complaints to the Risk and Compliance supervisor/manager.

Understand and comply with requirements of Banking laws and regulations, and Bank policies, and procedures applicable to this position.

Comply with assigned duties and responsibilities as they relate to the Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML), and Office of Foreign Assets Control (OFAC). This includes understanding any responsibilities outlined under the Bank’s Bank Secrecy Act Compliance Program, participating in any required training, and promptly complying with all reporting requirements.

Adhere to all compliance programs and complete all training courses and tasks assigned to you on or before their due dates.

Support branches and departments by performing compliance research and communicating regulatory requirements in a timely and professional manner.

Maintain and understand the Bank’s online training program and portal, including accurately assigning training courses, monitoring and reporting incomplete training assignments, producing online training reports for management, and training other department personnel in administrative duties.

Maintain current compliance and CRA knowledge by keeping abreast of new and changing regulatory requirements, and internal policies, procedures and practices by means of checking various government and non-government regulatory websites and, use of bank compliance software programs, and attending conferences, seminars and webinars as applicable.

Provide support for CRA administrative functions

Assist with updating and maintaining the Compliance monitoring schedule under general supervision.

Adhere to record retention requirements and provide guidance on the record retention schedule.

Qualification

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Banking compliance experienceTraining facilitationSharePointWord processing softwareSpreadsheet softwarePresentation softwareBasic computer skillsTyping/keyboarding skills

Required

Minimum two-years’ experience in banking, compliance, or other related field required.

General knowledge of operations or lending regulations and banking laws needed for this position.

Good written and oral communication skills; ability to communicate effectively and project a knowledgeable and professional image when giving and taking information in writing, in person, and over the phone.

Strong knowledge and understanding of software applications to develop or enhance word processing, spreadsheet, and presentation documents.

Ability to identify and implement opportunities to streamline and improve compliance activities and functions.

Ability to interpret a variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Ability to understand and retain a broad knowledge of tasks performed in the operations and lending functions.

Ability to understand, retain, and educate others in compliance related knowledge.

Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, and e-mail.

Preferred

Bachelor’s degree in related field or equivalent experience preferred, but not required.

Prior banking, operations, lending or compliance experience preferred.

Regulation experience could include Truth in Lending (Reg Z), Real Estate Settlement Protection Act (Reg X), Equal Credit Opportunity Act (Reg B), Home Mortgage Disclosure Act (HMDA), Flood Disaster Protection Act (FDPA), Truth in Savings (Reg DD), Electronic Fund Transfer Act (Reg E), or related regulations.

Benefits

Medical, Dental, & Vision : Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members. Employees become eligible for insurance benefits on the first of the month following their hire date.

Life, Accidental Death & Dismemberment, & Long-Term Disability : Open Bank pays 100% of the cost.

Flexible Spending Account (FSA) : Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.

401(k) Retirement Savings Plan : Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.

Paid Time Off (PTO) : Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.

Employee Assistance Program (EAP) : The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.

Company Paid Lunch: Open Bank provides company paid lunch twice a week.