Job Description
Primary Purpose: The Compliance Analyst is a member of the Compliance Team, imbedded in a business unit (Collections/Commercial Lending) and responsible for risk oversight and monitoring to identify emerging risks and verify ongoing compliance.
Essential Functions:
- Functioning as a subject matter expert on compliance laws and regulations related to business unit.
- Working with the business unit to direct the implementation or revision of policies and procedures.
- Developing, implementing, and assisting training programs, sessions, and seminars to ensure appropriate initial and on-going compliance training for all business unit employees.
- Providing guidance on forms, disclosures, brochures, and marketing efforts to ensure compliance. This includes website review.
- Reviewing all business unit related marketing and external communication, to include advertisements and information provided in any medium.
- Participating in project meetings and merger and acquisition processes to ensure compliance when developing new products and modifying existing products.
- Tracking and interpreting new and changing compliance requirements and working closely with business line and function managers to implement any required compliance changes.
- Providing proactive support and guidance for compliance-related questions and concerns.
- Developing controls and monitoring to ensure Wings employees, third party partners and systems meet Wings compliance standards.
- Developing correction and/or remediation action plans, in response to internal and external audits and exams, and oversee the timely resolution as agreed upon with the business unit or other stakeholders.
Qualifications:
- Bachelor’s degree or equivalent combination of training, education, and work experience.
- 3 plus years working at a Financial Institution or related experience.
- 2 years of specific business unit compliance experience, preferably with a large multi-state lender or complex financial institution.
- Professional certification or regulatory agency experience preferred. NAFCU Certified Compliance Officer designation or attainment of designation within 1 year of hire (or similar equivalent).
- Requires an advanced level knowledge and understanding of:
- Applicable laws, regulations, financial services, and regulatory trends for compliance regulations.
- Business operations, products, services, and systems.
- Proven ability to apply compliance requirements to business practices and systems, as well as design, implement, test, and oversee compliance programs.
- Ability to write clear and concise policies and procedures.
- Excellent organizational, analytical, technical, and problem-solving skills, with strong attention to detail, project management experience and excellent communications skills, oral and written.
- Ability to work with limited supervision, manage time, prioritize and multitask.
- Self-motivated to research and problem solve.
- Willingness to pursue further education.
- Act as a key collaborative resource with business, leadership, and technology teams for routine issues and project-related requirements.
- Proficient computer skills using a variety of software packages. Microsoft Office applications.