What are the responsibilities and job description for the Compliance Analyst position at WATERCRESS FINANCIAL GROUP LLC?
JOB SUMMARY
The Compliance Analyst will collaborate with various departments to provide guidance on compliance matters, develop policies and procedures, and support training initiatives to foster a culture of compliance. The ideal candidate has strong analytical skills, attention to detail, and a solid understanding of regulatory frameworks relevant to the industry. This position is an integral part of the Compliance Program and will report to the Senior Compliance Officer.
RESPONSIBILITIES
- Coordinate information requests with internal business units to support licensing maintenance activities.
- Maintain detailed records and provide status reports on all licensing maintenance activities.
- Oversee and maintain versioning changes made to legal documents, such as loan agreements.
- Perform and assist with compliance audits and contractor partner reviews.
- Assist with developing, implementing, and monitoring compliance programs within the company.
- Maintain and conduct third-party due diligence reviews, obtaining information needed and maintaining records of compliance.
- Assist with monitoring the consumer complaint log and collaborate with the resolution business units to ensure timely resolution.
- Develop and maintain a comprehensive knowledge of regulatory laws and requirements applicable to the company and apply that knowledge and research abilities to business practices.
- Assist Senior Compliance Officer in special projects as needed.
- All other tasks and duties as assigned related to the position
QUALIFICATIONS
- Bachelor's degree, 2 years of banking compliance, or experience with the laws and regulations in other industries. State licensing experience a plus.
- Specialized research skills and the ability to learn and maintain knowledge of state lending/licensing laws.
- Self-motivated with the ability to work independently.
- Understanding of maintaining the confidentiality of non-public information needed to perform duties.
- Experience in creating and maintaining records subject to review by auditors, regulators, or other third parties.
- Knowledge of consumer protection laws and regulations a plus (TILA, ECOA, UDAAP, Privacy, FDCPA, FCRA/FACTA, BSA).
KNOWLEDGE AND SKILLS
- Strong written and verbal communication skills with the ability to clearly convey information to employees at all levels in the company in an understandable manner.
- Ability to be a critical thinker, analyze data to solve problems and achieve goals.
- Strong attention to detail and a high standard for accuracy.
- Ability to take ownership of your work product and consistently deliver results.
- Excellent organizational skills with the ability to effectively prioritize multiple projects to meet shifting demands and expectations in a fast-paced environment.
- Excellent interpersonal skills with a service-oriented attitude and strong customer relations skills necessary to build productive professional relationships and cultivate a strong team environment.
- Proficiency with Microsoft applications including Word, Excel, PowerPoint, PowerBI and SharePoint.
