Compliance Specialist

Mountain Pacific Bank is looking for a full-time Compliance Specialist to join our team.

Recognized by the Independent Community Bankers Association (ICBA) as one of the Best Community Banks to Work For, Mountain Pacific Bank is committed to fostering a positive work environment, providing opportunities for professional development, and promoting a culture of inclusion, empowerment, and community engagement.

Started by 17 local business and outstanding community leaders, Mountain Pacific Bank is a Community Bank dedicated to serving Whatcom, Skagit, Snohomish, and King Counties. An equally important part of our plan is to reinvest in the community with resources, time and talents.

Your Role

The Compliance Specialist will work closely with the Compliance and Audit Manager to ensure adherence with policies, procedures, and banking laws and regulations including, but not limited to, deposit and lending regulations, Bank Secrecy Act, privacy laws, and other compliance areas. The primary focus of this position is assisting in the administration and implementation of the Bank’s Compliance Program.

Essential Responsibilities

Reasonable accommodation may be made to enable individuals with disabilities to perform these essential functions.

• Ensure that the Bank conforms to applicable laws and regulations, reporting requirements, compliance directives and policies related to BSA/AML, OFAC, Reg DD, Reg CC, Reg E, CRA, HMDA, ECOA, RESPA, TILA, Fair Credit Reporting, Right to Financial Privacy Act, and any other loan, deposit or general banking state and/or federal regulatory requirements.
• Perform daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loan payments, certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.
• Assist with completing and filing applicable BSA reports (e.g., CTR, SAR, OFAC, 314a) to federal government agencies within time limitations; and maintaining proper recordkeeping as required by law
• Complete BSA certifications, AML software surveillance validations, and risk assessments; review certifications submitted by other business units, which may be inclusive of the overall Bank compliance program.
• Identify, through monitoring and internal reviews, procedural and policy related weaknesses and establish guidelines for the development of systems to resolve deficiencies.
• Initiate investigative procedures in the event of a violation of a compliance procedure, policy, rule or regulation.
• Conduct Branch Onsite visits to assess compliance and operational risk.
• Gather, evaluate, and present data to assist in conducting staff, management, and committee meetings and presentations.
• Prepare written reports, including findings, analyses, conclusions, and action plans.
• Assist in oversight of third-party Vendor Management relationships, serving as a point of contact for third-party service requests. This involves overseeing the intake, analysis, and evaluation of third-party services, along with assessing the potential risks and impacts of using the provider.
• Perform compliance monitoring and testing reviews for HMDA and CRA activities.
• Aid in the review and approval of Bank marketing materials, website/social media, and product and service materials for regulatory compliance.
• Work with department managers to revise as needed Bank forms and disclosures for compliance with applicable laws and regulations.
• Monitor and respond to customer complaints or issues with the ability to help resolve any issues professionally and timely; and identify any potential regulatory issues or process improvements.
• Develop annual compliance training schedule for Bank employees; determine compliance training based on job function and administer training plan of Bank staff, as appropriate.
• Prepare High-Risk reports for the Audit Committee and/or Board of Directors.
• Assist with new product and service offerings including researching and answering questions.
• Review policies and procedures, and provide recommendations.
• Assist with the compliance portion of all regulatory examinations and external compliance audits.
• Maintain a proficient knowledge of all department and Bank policies, procedures, and regulations.
• Complete other duties as assigned.

What You'll Bring

• General understanding of banking transactions and electronic banking transactions.
• Familiarity with BSA/AML, OFAC, and related regulations.
• Ability to maintain a high level of discretion and observe strict confidentiality requirements.
• Ability to conduct thorough research, assess regulatory requirements and assess successful completion of those requirements.
• Well-organized and detail oriented.
• Strong communication skills, both verbal and written.
• Ability to interact effectively and professionally with colleagues, supervisors, and auditors/examiners.
• Must be able to perform job functions independently or with limited supervision.
• Must be able to read and carry out various written instructions and follow oral instructions.
• Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics.
• Proficient in computer applications, reporting, and file/data systems.

Required Education and Experience

• Associate degree
• 1-2 years banking experience
• Equivalent combination of education and experience

Preferred Education and Experience

• Bachelor’s degree
• 3-5 years’ banking experience, ideally with compliance or BSA.

Physical Demands

While performing the duties of this job, the employee is constantly required to remain in a stationary position and operate a computer and other office productivity machinery, such as a multi-line telephone, copy machine, scanner, fax, and computer printer. The employee needs to frequently communicate with internal and external contacts and move about inside the office to access file cabinets, office machinery, etc. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment

• Climate controlled business office environment.
• Ability to work in artificial light for extended periods of time.
• Noise level is usually moderate.
• Work involves being able to concentrate on the matter at hand, under sometimes distracting work conditions and frequent interruptions during the day.
• This is a full-time, in-person position: Monday through Friday; 40 hours per week.
• Work requires regular attendance, punctuality, and adherence to an agreed-upon schedule with willingness to work a flexible and/or rotating schedule and/or extended hours, as needed.

Travel Required

• Occasional (5%-10%) local, non-overnight travel

Other Duties

Please note this job 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. This job description does not constitute a written or implied contract of employment or otherwise modify the terminable-at-will employment relationship.

Mountain Pacific Bank promotes equal opportunity in the workplace. The physical demands and work environment described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations will be made to enable individuals with disabilities to perform essential functions.

Mountain Pacific Bank is committed to equal employment opportunity. We will not discriminate against employees or applicants for employment on any legally recognized basis [“protected class”] including, but not limited to: veteran status, uniform service member status, race, color, age, religion, sex, national origin, physical or mental disability or any other protected class under federal, state or local law.

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.

Job Type: Full-time in person
Pay: $22 to $37 per hour

Benefits:

• Bonus Opportunity (based on company and individual performance)
• 401(k) with matching contribution
• Comprehensive medical, dental, and vision insurance with 100% of employee base premiums covered.
• Healthcare and Dependent Care Flexible Spending Account
• Minimum of 10 paid vacation days per year*, with minimum of 15 paid vacation days after 1 year of employment.
• 2 additional PTO days annually**
• 11 paid holidays
• 8 hours of paid sick time per month*
• Paid Life, AD&D, and Long-Term Disability insurance
• Employee assistance program
• Referral program
• Tuition reimbursement
• Mountain Pacific Bank account and loan perks

*pro-rated from start date and/or hours worked
**granted every January 1st