What are the responsibilities and job description for the Compliance/Internal Audit Support Specialist position at Legacy Bank?
Role Summary
As a Compliance/Internal Audit Support Specialist at Legacy Bank you will play a crucial role in ensuring the integrity, efficiency, and compliance of our financial institution. You will be responsible for performing the necessary functions to support and maintain the bank’s regulatory, legal, and policy compliance. This position will aid in the continuity, compliance, and system integrity of the Compliance program. You will perform various reviews and internal audits pertaining to deposit and lending laws and regulations in accordance with the bank’s audit plan. Using industry standards and regulatory guidance you will ensure the Bank's compliance efforts are maintained on a prioritized and scheduled basis. Your contributions will directly support our commitment to transparency, trust, and ethical banking practices.
If you have a keen eye for detail, analytical prowess, and a commitment to excellence that will help us maintain our reputation as a trusted and reliable financial partner, we invite you to apply today!
Responsibilities
- Performs assigned audits. Assists with monitoring of compliance-related procedures and performing audits or reviews to ensure procedures are being followed and forms are being used properly.
- Prepares written internal audit reports outlining strengths and weaknesses regarding compliance with policy, procedures, and applicable laws and regulations. Communicates written results to supervisor, management, and the Audit Committee.
- Collaborates with various departments to ensure implementation of corrective actions and improvements based on audit findings.
- Acts as a resource to personnel for questions regarding compliance or regulatory issues. Assists with training personnel on compliance topics.
- Assists with the review of all company forms, disclosures, publications, advertisements, and the website to ensure compliance with regulations. Reviews system programming/software changes and provides input as to the affect the change has on compliance.
- Works to ensure conformity with federal and state laws and helps gather information for external audits and regulatory examinations under the direction of management.
- Assists in analyzing the impact of any new federal and state laws and regulations, or amendments to existing laws and regulations, on current operations and new products and services. Clearly communicates such impact to the department head.
- Stays up to date with industry trends, best practices, and regulatory changes to ensure our financial institution remains at the forefront of compliance and risk management.
- Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
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