What are the responsibilities and job description for the Compliance Specialist position at Blue Sky Bank?
Description
Join Blue Sky Bank's dedicated team as a Compliance Specialist!
About Blue Sky Bank: For over a century, Blue Sky Bank has stood as a beacon of excellence in the banking industry. Our unwavering commitment to fostering a culture where employees thrive has been pivotal in our continuous growth and success. We believe in creating an environment where hard work, positivity, and professionalism are celebrated.
Why Choose Us:
- Empowerment and Growth: Join a team that values your skills and offers opportunities for professional advancement within a supportive and collaborative work culture.
- Community Engagement: Contribute to a bank that actively participates in community initiatives, making a meaningful impact beyond banking.
- Innovation and Excellence: Be part of a forward-thinking organization that encourages new ideas and champions innovation in the banking sector.
Summary: A Compliance Specialist assists the Compliance Officer Lead with compliance and audits, generating reports, assigned projects, tracking of information, and reviewing materials for compliance.
PRIMARY RESPONSIBILITIES
- Performs internal audits and monitoring for compliance with various lending and deposit laws and regulations, document reviews, and findings.
- Reviews corrective actions and tracks corrective action implementation.
- Researches and responds to compliance related inquiries and reviews documentation for compliance with regulations.
- Generates compliance reports for management.
- Performs any audits that are not assigned to the third-party auditor.
- Assists in third-party compliance audits.
- Participates in special Compliance projects.
- Assists in reviewing marketing and PR materials for compliance with laws and regulations.
- Supports Compliance Officer Lead with research requests and emerging issues.
- Assists with developing and implementing policies and procedures to comply with compliance regulations.
- Attends seminars, workshops, and various training courses as necessary.
- Recognizes red flags, scams, fraud, phishing, etc.
- Stays current on applicable banking regulations and security procedures and practices to prevent fraud or other bank losses and to comply with regulatory requirements.
- Performs responsibilities during Bank hours by being physically present in the Bank an average of 40 hours each week based on business needs.
- Travels between branches as needed.
- Performs other responsibilities as assigned by management.
Requirements
- Education: Associate degree or equivalent experience, preferred.
- Experience: 1-3 years of bank experience required. 1-3 years of Compliance banking experience preferred.
- Reliable transportation, a valid Driver License, and proof of vehicle insurance for travel to and from Bank branches and occasional seminars and/or training.
- Valid driver's license, proof of insurance, qualifying motor vehicle record report, and reliable transportation.
- Strong knowledge of Bank products, computer systems, and software applications.
- Professionalism and integrity.
- Flexible, adaptable, and willingness to continuously learn.
- Strong analytical and problem-solving abilities.
- Excellent written and verbal communications skills.
- Ability to work both independently and as part of a team.
- Excellent organizational skills, with the ability to prioritize and execute multiple tasks and projects simultaneously.
- Strong work ethic and attention to detail.
