What are the responsibilities and job description for the Compliance Specialist IV - Regulatory Change Oversight position at Simmons Bank?
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Position Summary
The Compliance Specialist IV for regulatory change works directly with Director of Compliance within the area of Regulatory and Consumer Affairs. The candidate is required to be extremely knowledgeable and skilled in regulatory change management.
Essential Duties and Responsibilities
- Partners with business unit leaders and serves as the subject matter expert for regulatory changes.
- Manage Bank wide regulatory change management across all lines of business utilizing a GRC platform.
- Assists business lines with developing and revising regulatory policies and procedures as it applies to regulatory changes.
- Communicates regulatory changes to first line of defense.
- Oversee and ensure timely implementation of regulatory changes.
- Identifies risks and issues to Business Unit leaders and Director of Compliance overseeing any required remediation.
- Performs compliance risk assessments.
- Works with business unit leaders and Compliance team to develop effective risk control measures.
- Identifies compliance risks and performs Root Cause Analysis.
- Tracks regulatory compliance issues identified by first lines of defense, assists in remediation and reports findings to Executive Management as needed.
- Ensures accurate and timely completion of reports for Compliance Committee and Board.
- Develops and delivers custom Regulatory training materials for first line of defense. This includes developing a strategic training plan for associates taking into consideration strategy, approach, and timing of other regulatory training.
- Assists with training and development within department and seeks continuing education opportunities for business lines. Work with the Training department to ensure completion of required compliance training by associates.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Candidate must be willing to perform other duties and responsibilities as assigned.
Skills
Education and / or Experience
Specialized Training
Computer Skills
Certificates, Licenses, Registrations
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. Activities, duties, and responsibilities may change at any time with or without notice.
Equal Employment Opportunity Information : Simmons First National Corporation and its subsidiaries are committed to a policy of equal employment with respect to a person's race, color, religion, sex, ancestry, sexual orientation, gender identity, national origin, covered veterans, military status, physical or mental disability or any other legally protected classifications. Simmons First National Corporation and its subsidiaries are committed to Affirmative Action Programs consisting of results-oriented procedures to ensure equal employment opportunities. These programs require positive action in lieu of neutral non-discrimination and merit hiring / performance policies.
