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Bank of the Sierra · 3 months ago

Compliance Analyst - Remote

United States

Full-time

Remote

Mid Level

4+ years exp

Bank of the Sierra is a financial institution seeking a Compliance Analyst to assist with the development and maintenance of a comprehensive compliance program. This role involves conducting compliance testing, monitoring, and ensuring adherence to regulatory requirements across the bank's operations.

BankingCommunitiesFinancial Services

Responsibilities

Assists with oversight of the Bank's policies and procedures to federal and state laws and regulations by performing the duties described below

Conduct periodic compliance testing and monitoring reviews, including the issuance of findings reports to the department and senior management

Conduct root cause analysis of compliance findings noted during testing and monitoring reviews

Assist with enhancements to testing and monitoring protocols to ensure compliance with legal and regulatory requirements

Conduct follow-ups of corrective actions as necessary to ensure that recommendations are implemented appropriately

Prepare, deliver, and effectively communicate analysis and reporting regarding lending and/or deposit operations compliance to management

Assist with the development, implementation, and maintenance of the Bank's Compliance Management System. Ensure that policies, procedures, and programs comply with applicable regulatory requirements and mitigate the risk of non-compliance

Additional monitoring activities may include, but are not limited to assisting with the review and challenge of policies, procedures, training program content, issues management, implementation of regulatory changes, reporting routines (executive, regulatory, and governance committees), etc

This position is responsible for assisting with the assessment of risks associated with all laws, regulations, and regulatory rules applicable across the lending and/or deposit life cycle and ensuring appropriate and sufficient controls are in place to mitigate those risks

Areas of regulatory focus include, but are not limited to ECOA, UDAAP, TILA, FCRA, FDCPA, MLA/SCRA, TCPA, GLBA, EFTA, ESIGN, Flood, HMDA, Regulation O, Community Reinvestment Act (CRA), Reg CC, Reg D, Reg DD, Reg E, UDAAP / UDAP, Garnishments, and other federal and state laws and regulations

Assist with the assessment of all regulatory risks related to lending and/or deposit operations, including identifying gaps in controls, highlighting areas of highest risk, and developing appropriate risk mitigation strategies

Assist in completing Compliance Risk Assessments and Risk Control Self-Assessments

Conduct change management reviews of new products, processes, and initiatives for compliance with applicable federal and state regulations, statutes, and guidance

Provide advertisement approvals for marketing initiatives

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

Assist with the filing of any regulatory reporting applicable to the Bank (HMDA, CRA, 1071), as needed

Other projects and duties as assigned

Qualification

Consumer compliance knowledgeRisk management experienceRegulatory knowledgeAnalytical skillsCommunication skillsHandle multiple prioritiesReport writingMathematical conceptsProblem-solving skillsCritical thinking

Required

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 commercial lending, consumer lending, or another highly regulated field relating to financial services

Strong working knowledge of consumer protection laws and regulations, and associated risks, and the internal controls needed to mitigate those risks

Strong communication skills and the ability to influence decisions and drive change

Ability to think independently, take ownership, and drive initiatives to resolution

Solid analytical, problem-solving, and critical thinking skills

Ability to handle 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 procedure manuals

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