Regulatory Compliance Specialist

Hours : 8 : 00 am - 5 : 00 pm, Monday - Friday

Role : Assists in advocating and facilitating the development, implementation, communication, and maintenance of corporate-wide Compliance Management System (CMS). Responsible for all facets of the Line of Business compliance program to ensure full compliance with state and federal laws, rules, and regulations. Actively engaged and readily available to work with Senior Management and Business Managers to revise or develop operating procedures to ensure compliance with updated or new regulatory requirements.

Essential Functions & Responsibilities :

The Regulatory Compliance Specialist is a member of the Bank's Compliance team and reports directly to the Director of Compliance Systems

• Maintains current working knowledge of the laws and regulatory guidelines by which the Bank is required to comply
• Log and monitor bank complaints and responses
• Review and advise bank employees on compliance related questions under the supervision of the Director
• Assist in managing the dissemination of compliance-related information to Bank employees to ensure familiarity with compliance requirements
• Evaluate new or changed products and business initiatives for compliance risks and mitigation strategies
• Evaluate website content, marketing materials, or publications for compliance with applicable laws or regulation
• Assist the Director with the overall management of the Bank's Compliance Management System
• Responsible for assisting in the development, strengthening, and implementation of various operating procedures supporting requirements in existing laws and regulations, including governance, policies and procedures, monitoring, reporting, communications, and education
• Initiate and facilitate collaborative alliances with senior management, executive management, and corporate partners to ensure the compliance program is adequately managed
• Perform compliance reviews, recommend and track corrective actions, and report all compliance testing to the Compliance Committee
• Perform risk assessments to identify and analyze risk trends in compliance management procedures, recommend and track corrective actions related to increased residual risk and report all risk assessments and findings to the Compliance Committee
• Assist in the development of strategic CMS goals and tactical and strategic planning systems
• Maintains a cutting edge awareness of regulatory and legislative developments and industry trends
• Assume additional responsibilities and lead special projects as assigned

Please note this description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Requirements

Experience : Two to four years of compliance management related experience required

Education : Bachelor's degree, or equivalent combination of education and experience, required.

Interpersonal Skills :

Diplomacy, courtesy, and tact required. Demonstrated ability to foster sound, professional relationships with management is necessary. Ability to maintain professional composure in a dynamic work environment that often requires the management of multiple and competing priorities. Demonstrated willingness to be a contributing and engaged member of team by sharing knowledge, working towards common goals and maintaining a positive attitude. Capable of establishing effective work relationships with peers and credibility with superiors and customers. Establish, foster and maintain working relationships with peers and supervisory management within the Division, business lines and Information Technology support.

Competencies :

Skills & Abilities :

Physical : Requirements :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to sit, stand, and walk. Some light physical effort required.

Travel :

Travel is primarily local during the business day

Work Environment :

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, copy machines, filing cabinets, and fax machines.

Other :

Applicants must pass a drug screen and background check

Internal applicants must meet the minimum requirements of their current job and submit a cover letter and resume via the employee portal

CoreFirst Employment Practices :

CoreFirst provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, CoreFirst Bank & Trust complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.