Compliance Senior Analyst

Job Title: Compliance Senior Analyst

Location: Plano TX

Duration: 6 Months Contract

Rate: $52 hourly

Description:

RM Notes:

• Senior-level Compliance and Regulatory position within the banking and financial services domain.
• The role requires advanced knowledge of banking regulations and the ability to independently support compliance and risk-related initiatives.
• Conduct trend analysis of customer complaints including data visualization through charts and graphs.
• Perform risk assessment analyses to support regulatory requirements.
• Strong understanding of deposit-related regulatory requirements including: Regulation D and Regulation DD
• Candidates should demonstrate strong professional experience aligned with banking regulatory compliance.
• Must have Bachelors degree (four-year) in a relevant field.
• Familiarity with Compliance Management Systems (CMS).
• Prior experience within a banking environment involving regulatory compliance is strongly preferred.
• Tableau Archer Wolfsberg/Wolfpack would be a plus.
• Exposure to CAPs (Corrective Action Plans) is a plus.
• Understanding of CAMELS ratings is beneficial.
• Experience/knowledge with FDIC FFIEC OCC etc would be plus.
• First Round: Virtual interview 45 minutes and Second Round: Onsite interview 60 minutes.
• Role is Mon-Thu hybrid Onsite in Plano TX

What were looking for:

• Supporting the Compliance Department in executing the Banks Board-approved Compliance Management Program and executing the testing and monitoring program for the Banks deposits portfolio.
• A key responsibility is to also provide both external and internal customers with consistent value-added services and communication. This position will have responsibility for developing testing and monitoring programs that effectively cover the intended scope and are aligned with the risks and objectives.

• Reporting to the Senior Manager Regulatory Compliance this position will be critical to supporting the compliant development and execution of the rapidly growing deposit portfolio.
• This person will also be tasked with performing on-going testing and monitoring and periodic compliance self-assessments and reviews to ensure that once products are in market that they remain compliant with applicable regulations.
• This position will allow management to meet the requirements of the Banks Board-approved Compliance Management Program thereby ensuring satisfactory Compliance ratings from the FDIC.
• A Satisfactory regulatory rating is a requirement for enabling the Banks management to execute on its strategic vision.

Requirements:

What youll be doing:

• Day-to-day compliance functions of a Compliance Management System for a deposits portfolio.
• Execute reviews through on-going testing and monitoring of the Banks deposits portfolio and periodic self-assessments the Banks compliance with policies procedures and practices established to ensure compliance with all applicable local state and federal regulatory requirements.
• Detects and reports to the CCO potential compliance problems and recommends changes or enhancements to improve existing policies and procedures or assists the affected business unit to develop new policies and procedures. Is an active participant in helping to identify the root cause of issues identified.
• Prepares documentation that supports conclusions reached because of on-going testing and monitoring and compliance reviews.
• Create and execute a testing and monitoring compliance program to ensure vendor performance and adherence to regulatory requirements and compliance policies and procedures.
• Researches and develops analytical reports and solutions for identified business unit compliance problems. Establishes controls to mitigate the risk of material errors.
• Deliver and communicate findings resulting from assessments to all levels of management and the Board of Directors.
• Review new and existing products services and channels to evaluate compliance with applicable laws regulations and best business practices.
• Execute compliance risk assessments by identifying the key risks and assessing mitigating controls to determine the risk profile for the organization. Conduct research to evaluate risk and mitigating controls. Leverage the results of the risk assessments to lead change within the organization.
• Act as a representative of the Compliance Department to aid in regulatory change management company projects and initiatives and training as it relates to deposits.
• Assist in researching and answering questions related to regulations impacting the business.
• Stay informed of current laws regulations common practices and trends in the regulatory compliance field.
• Assists with compliance testing and monitoring of current and future regulatory obligations regulatory exams and audits.
• Maintaining assigned Compliance policies and procedures to ensure alignment with regulatory and business updates as needed and annually at a minimum.
• Participate in compliance related training opportunities and continuing education to maintain high level of expertise and current knowledge of new compliance issues or regulatory developments; monitor internal and external compliance resources (FDIC website FFIEC website American Bankers Association website etc.) to keep abreast of regulatory hot topics and changes.

Qualifications/ What you bring (Must Haves):

• Minimum of 5 years progressive regulatory bank compliance experience.
• Bachelors degree or higher.
• Experience with Deposits.
• Strong knowledge of the functions of a Compliance Management System for a deposits portfolio.
• Advanced proficiency in MS Office (Excel PowerPoint Word).
• Independent analytical skills.
• Excellent communication skills (verbal written listening).
• Proven ability to prioritize workload and balance multiple duties.
• Independent and self-motivated with proven ability to successfully interact and work well with others.
• Ability and willingness to travel 10% of the time.

Bonus if you have (Preferred):

• Certified Regulatory Compliance Manager (CRCM) certification
• Experience with banking systems (Fiserv Cenlar LenderLive).
• Experience with Archer and Tableau; Experience with verbal and written consumer complaint review and root cause trend analysis