Compliance Specialist

Description

Summary: This position is primarily responsible for assisting the Compliance Officer in maintaining bank policies and procedures to ensure consistent and efficient efforts in regard to regulatory compliance throughout the bank. This role typically operates in an office setting, with occasional travel conducting audits or attending training sessions.

Reports to: Compliance Officer (CO)

Essential Duties and Responsibilities:

• Follows and incorporates First Bank's Core Values and established policies and procedures.
• Assists the CO in staying updated on regulatory changes and assists the CO with making necessary adjustments.
• Assists the CO in preparing and generating reports as required by the Board of Directors, Executive Management and governmental rules and regulations.
• Assists the CO in scheduling and preparing materials for meetings with departments and supervisors, as necessary, to provide information and training on compliance changes that affect them or the operation of their departments.
• Assists the CO in ensuring the Bank's website stays compliant as it relates to compliance.
• Assists the CO in maintaining the compliance of laws and regulations relating to Deposit, Loan, Advertising, and CRA Compliance as they apply to the Bank.
• Assists the CO in monitoring policies and programs that ensure the Bank's compliance with laws, regulations and rules governing operations and product offerings.
• Research federal and state banking laws and regulations as needed.
• As necessary, inform departments and management about compliance changes that affect them.
• Assists the CO in maintaining the Compliance Management System and assists with preparing reports detailing the findings and corrective actions.
• Regularly perform various audits/reviews to ensure policies and procedures are complying with federal laws and regulations.
• Assists the CO with managing third party audits, including ensuring requests are completed and uploaded as required.
• Assists the CO in maintaining all aspects of the CRA program, including coordinating meetings for the CO with various nonprofit organizations.
• Provide training and guidance to employees on compliance-related matters.
• Must be self-motivated, able to work with others, and handle different projects at one time.
• Must maintain regular and reliable attendance.
• Must be able to meet deadlines.
• Other job duties as assigned.

Requirements

Qualifications/Requirements:

• Strong knowledge of relevant laws, regulations, and industry standards.
• Willing to learn, adhere to, and maintain knowledge of Bank policies and procedures.
• Ability to read, analyze and interpret government regulations, trade journals and legal documents.
• Ability to respond to coworkers in a professional and respectful manner.
• Ability to effectively present information and respond to questions from coworkers.
• Excellent analytical, problem-solving, and communication skills.
• Computer literate. Able to operate various in-house software and spreadsheet programs. (Microsoft Office Suite and Teams)
• Excellent organizational and time management skills.
• Time off requests revolve around the timing of audits/exams.
• Must be able to drive to the other branches for audits/reviews as necessary.
• As the Compliance Officer home location is in the Fort Myers Branch, this position will train and meet at the Fort Myers location often.

Education/Training/Experience:

• Associate or bachelor's degree preferred.
• Two plus years of proven experience in compliance, risk management, or a similar role.
• Regulatory Certifications are a plus.