What are the responsibilities and job description for the Compliance Manager position at IRA Financial?
Job Overview
The Compliance Manager is responsible for developing, implementing, and managing IRA Financials’ compliance program. This position oversees compliance activities, ensuring adherence to applicable laws and regulations, managing a team of specialists, and working closely with executive leadership to address compliance issues and enhance organizational practices.
Job Structure Details
The Compliance Manager is responsible for developing, implementing, and managing IRA Financials’ compliance program. This position oversees compliance activities, ensuring adherence to applicable laws and regulations, managing a team of specialists, and working closely with executive leadership to address compliance issues and enhance organizational practices.
Job Structure Details
- On-Site, Sioux Falls, SD
- Full Time, Monday-Friday, no nights or weekends
- Exempt/Salary
- Health, Dental, Vision Insurance
- 401(k) Employer Contribution of 4%
- Paid Time Off, Volunteer and Birthday Time Off
- Parental Leave
- Paid 30 Minute Lunch
- Catered lunch every Monday
- Monthly 15-minute massage
- Manage and mentor a team of specialists, providing guidance, training, and performance evaluations.
- Serve as the primary point of contact for compliance-related issues and provide expert advice to leadership and internal teams.
- Develop, implement, and maintain IRA Financials’ compliance and audit program to ensure adherence to relevant regulations, laws, and internal policies.
- Conduct regular reviews and updates to ensure the program reflects current regulatory requirements and industry best practices.
- Ensure that compliance policies and procedures are effectively communicated and enforced across the organization.
- Identify and assess compliance risks across the organization through risk assessments, audits, and monitoring activities.
- Develop and implement strategies to mitigate identified risks and enhance internal controls.
- Identify opportunities for improving the effectiveness and efficiency of the compliance program and processes.
- Stay informed about changes in relevant laws, regulations, and industry standards, and ensure the organization remains compliant.
- Other tasks as assigned by executive management.
- Bachelor’s degree in finance, accounting, business administration, or a related field preferred; or equivalent work experience.
- Minimum of 5 years of experience in a similar role within a financial institution.
- Strong knowledge of audit practices, vendor management, and BSA/AML regulations.
- Experience in a supervisory or managerial capacity is highly preferred, demonstrating the ability to lead and manage a team effectively.
- Proficient in using financial software, databases, and Microsoft Office Suite products.
- Excellent analytical and problem-solving skills, with the ability to assess complex compliance issues.
- High attention to detail and accuracy.
- Exceptional verbal and written communication skills, with the ability to present findings and recommendations to management.
