- Prepare and manage the Risk Assessment by identifying the risk profile of the Bank and analyzing the information to better assess the risks identified and mitigate any gaps in control.
- Manage and administer the Risk and Compliance Self-Assessments.
- Manage and administer the Regulatory Applicability Matrices
- Conduct due diligence on new MSB applications, establish and direct ongoing monitoring activities for MSBs based upon risk.
Monitors application systems, maintain investigation files, monitors all bank regulations, policies and/or procedures for new or updated regulations and disclosures, and conduct periodic assessments of the departments for compliance.
- Responsible for monitoring effectiveness of Identity Theft Program and providing updates to Board of Directors.
- Manage the execution of the annual compliance risk assessment results and management
- reporting.
- Prepare communication materials and documentation, including methodology descriptions
- consistent with regulatory guidance.
- Exploring and gaining an understanding of the primary activities of the business, including key processes and risk controls
- Develop mapping of regulations to products and processes.
- Serves on the Compliance committee and meets and discusses with Examiners and Auditors regarding the compliance program.
- Oversee and manages compliance department.
- Develop and present new compliance training sessions on current and new regulations.
- Review all projects for compliance related issues.
- Performs other job-related duties or special projects as assigned.
- Requires a bachelor's degree. CRCM and/or CAMS preferred.
- 7 to 10 years' experience in banking with 4 to 6 years compliance and risk experience.
- Experience with industry related systems/software.
- Experience with high-risk money services business (MSB) accounts is required.
- Must have strong knowledge of Bank Compliance regulations.