What are the responsibilities and job description for the FF Regulatory Specialist position at Frandsen Financial Corporation?
Essential Duties and Responsibilities
To perform this job successfully an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Provide oversight and monitoring of risk-based regulatory programs, including but not limited to the following areas: consumer compliance, fair lending, CRA, BSA/AML
- Develop BSA/AML risk assessments, procedures, and training for emerging regulatory areas
- Assist with implementing new regulatory requirements
- Maintain a high level of awareness and knowledge of regulatory compliance requirements and assist in the identification of risk areas
- Collaborate with lines of business in the first line of defense regarding compliance risks and controls
- Provide regulatory risk expertise and support to the Director of Regulatory Affairs
- Assist with preparation for regulatory examinations
- Be knowledgeable of bank policies and procedures
- Willingly accept and perform other accountabilities and projects assigned
Experience
- At least seven (7) years of compliance and BSA/AML related (either bank or regulatory) experience
Skills
- Considerable knowledge of applicable laws, banking services, and regulatory trends that impact the Bank
- Thorough knowledge and understanding of compliance management systems
- Strong analytical and critical thinking skills
- Ability to prioritize assignments; identify obstacles within the scope of the assignment; and proactively initiate appropriate solutions with limited oversight
- Ability to read, analyze, and interpret government regulations, trade journals, and legal documents
- Effective communication skills to present cohesively at multiple levels within the organization
- Proficient user of the Microsoft Suite of products and adaptability to new technology/software
- Applicable professional certifications
Education
- Bachelor’s degree in the area of finance or business administration or sufficient years of experience.
Other Qualifications
- Relevant Certification Preferred – Ex. CRCM, ACAMS
Salary range for this role is $57,180 to $84,500 annually depending on experience.
We offer a competitive benefits package including health insurance, dental insurance, vision insurance, 401k, profit sharing, and ancillary benefits.
Salary : $57,180 - $84,500
