REGULATORY COMPLIANCE ASSISTANT

Description

SUMMARY

This position is responsible for supporting the Risk Management Division to ensure the Bank’s compliance program remains effective by performing monitoring activities, reporting and maintaining of compliance program documentation. 

ESSENTIAL DUTIES

1. Quality control review for BSA related new customer and account documents. 
2. Quality control review for consumer real estate lending transactions. 
3. Maintain accurate and up-to-date records related to BSA/AML compliance.
4. Assist in the development and implementation of compliance policies and procedures.
5. Prepare and maintain written procedures for daily tasks.
6. Participate in compliance training programs and stay abreast of regulatory changes.
7. Assist with monitoring the procedures and practice of bank personnel for compliance with applicable laws and regulations and adherence to established bank policy. 
8. Prepare and perform periodic tests of transactions and/or procedures to monitor the effectiveness of the compliance program. 
9. Maintain databases for compliance related analytics such as CRA, HMDA & Fair Lending. 
10. Assist with regulatory examinations and audits.
11. Follows policies and procedures, completes tasks in a timely manner, supports the Bank’s goals and values, and benefits the Bank through outside activities.
12. Serve as backup to the BSA staff.
13. Perform other duties as assigned in support of the compliance department.
14. Performs the position safely, without endangering the health or safety to themselves or others.  Expected to report potentially unsafe conditions.  The employee shall comply with occupational safety and health standards and all rules, regulations, and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

SECONDARY DUTIES

The position of Regulatory Compliance Assistant performs duties specific to the position and other functions as assigned.

SUPERVISORY RESPONSIBILITY

The position of Regulatory Compliance Assistant does not assume supervisory responsibilities.

ENVIRONMENT AND PHYSICAL ACTIVITY

The employee is in a non-confined office-type setting in which he or she is free to move about at will.  The position includes driving a Bank or personal owned vehicle approximately 5% of the time which includes exposure to the outside weather elements and moving mechanical parts.  It may include some minor annoyances such as noise, odors, drafts, etc. 

Occasional travel may be required to other markets as needed. Occasional overnight and/or out of state travel may be expected for training.

The employee in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to 25 pounds), carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling, and reaching.

The employee for this position may operate any or all of the following: telephone, cellular telephone, copy and fax machines, adding machine (calculator), scanning equipment, money counter, computer terminal, personal computer, and related printers.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

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.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  

MENTAL DEMANDS

The employee in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, training, multiple concurrent tasks, and constant interruptions.

Qualifications

MINIMUM REQUIREMENTS

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position.  The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner.  Individual abilities may result in some deviation from these guidelines.

• High School Diploma or equivalent
• Minimum of two years of banking experience, preferred.
• Basic understanding of banking regulations and compliance requirements, preferred. 
• Ability to conduct research, analyze data, and draw conclusions. 
• Strong attention to detail, reading comprehension and organizational skills.   
• Ability to define problems and propose solutions. 
• Ability to maintain confidentiality and handle sensitive information. 
• Proficiency in Microsoft Office Suite, particularly Excel and Word. 
• Ability to effectively complete multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes. 
• Ability to work independently and/or in teams under limited supervision. 
• Ability to establish and maintain effective work relationships both internally and externally. 
• Strong interpersonal skills evidenced in both verbal and written communications as well as excellent listening skills. 
• Business writing skills and experience. 
• Fundamental knowledge of general banking principles, philosophies, and operations. 
• Ability to provide leadership, motivating and persuading others to address compliance risks without having actual authority over them.
• Current Arkansas driver's license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.