Bank Compliance Specialist

FUNCTION:  The Compliance Specialist ensures the bank adheres to all applicable laws, regulations and internal policies. The Compliance Specialist will provide support in leading and managing the bank’s compliance program. Additionally, the Compliance Specialist will assist in ensuring services provided by the bank to other Cass business units adhere to policy and regulation standards.

PRINCIPAL RESPONSIBILITIES AND DUTIES:

• Works with bank and other Cass business units to maintain the bank’s regulatory compliance program.
• Remains proficient in all regulatory compliance matters, including reviewing all new and revised regulations and maintaining a complete compliance library.
• Researches, analyzes and draws conclusions related to federal and state banking laws and regulations.
• Informs personnel of regulatory pronouncements and their implications for bank policies and procedures.
• Assists the Senior Compliance officer in the revision of policies and procedures to ensure clarity and compliance with federal and state regulations and bank policies.
• Assists bank personnel in implementing appropriate controls to ensure regulatory compliance.
• Monitors compliance with laws and regulations throughout the bank.
• Assists in providing regulatory compliance training to bank personnel.
• Serves as a compliance resource to managers and staff in all departments, responding to and resolving compliance-related questions and issues.
• Reviews bank forms, notices, brochures, advertisements, and other communications for compliance with laws and regulations.
• Provides assistance to and coordinates with outside auditors and bank examiners during regulatory compliance audits and examinations.
• Oversees the execution of risk assessments to identify potential areas of compliance vulnerability and risk and develops corrective action plans for resolution.
• Leads investigations into compliance violations or breaches, ensuring timely and thorough resolution of issues. 
• Maintains a current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations.
• Assists with monitoring legislative and regulatory developments regarding the Bank Secrecy Act and report important compliance developments to management and other personnel.

SKILLS AND ABILITIES REQUIRED:

• Experience reading and interpreting legal documents and government regulations.
• Ability to exercise discretion and judgement to make independent decisions that support the business.
• Working knowledge of federal and state regulations and standards for bank compliance.
• Previous experience writing detailed reports. 
• Advanced knowledge of banking regulations including BSA/AML, CRA, Reg. W, and Reg. B.
• Intermediate level of Microsoft Excel skills required. 
• Experience working with Salesforce, nCino and Verafin preferred.
• Excellent time management and organizational skills.
• Strong analytical skills for research, problem-solving and planning.
• Superior writing, verbal and presentation skills.
• Proficiency in data and risk analysis.

MINIMUM LEVEL OF PREPARATION AND TRAINING NORMALLY REQUIRED:

• Bachelor’s degree in a business-related field, with a preference for majors in business, finance or accounting, or equivalent combination of education and experience required.
• 3-5 years of experience in bank compliance management and administration in a commercial banking environment.

APPLICATION PROCESS:

You can directly apply through Cass's website at https://www.cassinfo.com/careers. Please apply directly to this position via the “Apply” button. You will be required to create an account and provide your resume, contact information and other pertinent employment information. This process typically takes 20 minutes or less. Should we find that you meet the minimum requirement of the position, a member of our recruiting team will be in touch to start the interview process.