Compliance Analyst

Who We Are
Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services and the website, CD Valet. Our experienced team and open API, cloud-based core technology platform deliver a boutique bank experience for clients with interwoven personal and business financial needs. Our highly configurable and scalable tech stack also supports partner banking that enables companies to embed banking transactions into their customer online experience. Seattle Bank's most recent innovation is CD Valet, a new online marketplace that connects consumers to financial institutions to compare and open Certificates of Deposit (CDs) with the most competitive rates and terms nationwide. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company. Visit Seattle Bank for more information.
Position Summary
The Compliance Analyst will support Seattle Bank, CD Valet, and FinTech partners by providing oversight of regulatory compliance via monthly monitoring.
The Compliance Analyst will perform monthly regulatory compliance monitoring according to the annual compliance monitoring schedule. The testing will include Bank compliance to the regulatory requirements and Bank policy and procedures. After testing, the Compliance Analyst will work with the applicable department on findings and create a report for Executive Management and the Audit Committee. In addition to regulatory compliance monitoring, this position is responsible for the annual compliance training schedule, training assignments, and training monitoring.
The Compliance Analyst will monitor and verify Seattle Bank change management via reports and provide weekly summaries to the Internal Audit manager. Further, the Compliance Analyst will track, scrub, and upload all HMDA reportable loans on a monthly basis and create the annual HMDA LAR with assistance from the Compliance Officer.
This position will also assist the Compliance Officers in regulatory research on an as-needed basis and may help with complaint management and marketing reviews.
Essential Duties

• Responsible for creating the annual compliance regulatory monitoring schedule
• Perform monthly regulatory monitoring testing, data analysis, and report creation as per the annual compliance regulatory monitoring schedule
• Perform data analysis on regulatory testing results
• Perform monthly HMDA scrubs and upload HMDA data to NTransmittal
• Responsible for annual training schedule, training assignments, and training monitoring
• Perform daily and weekly change management monitoring and verification
• Able to understand and apply all regulatory and compliance regulations
• Perform additional duties as assigned

Requirements

• Minimum of 3-5 years in a regulatory compliance role
• Knowledge and understanding of financial regulatory requirements with a strong technical background
• Finance background preferred
• Ability to effectively present information and respond to questions from management, affected departments
• Excellent analytic skills
• Required to handle multiple tasks at the same time
• Must have excellent attention to detail to ensure timely and effective communication
• Strong research skills involving customer and transactions using core system, BSA software, social media, and internet
• Prior experience with personal computers and Windows based software and excel spreadsheets.
• Excellent verbal communication and writing skills

Seattle Bank Benefits
We're committed to delivering our promise of peace of mind to our clients. But we're also committed to our team members. We have intentionally designed a culture and work space that are highly collaborative, inclusive and supportive. We believe in the value of each team member and offer a full range of benefits and perks designed to support both your personal and professional goals. Our comprehensive benefits program for eligible employees includes:

• Medical, Dental and Vision insurance
• Employee Assistance Program (EAP), Life Insurance, Long Term Disability, Voluntary Life
• 401K with Bank contribution
• Paid Vacation - 3 Weeks
• Paid Sick Time - 1 hour per 40 hours worked
• Paid Holidays - 10 days
• Stock Options
• Annual Bonus Opportunity
• Transportation Benefits
• And fun, extra perks such as company socials and lunches, team development activities, bank sponsored volunteer opportunities, paid volunteer hours, quarterly incentive awards, and professional development opportunities.

Salary Description
$60,000 - $80,000 per year