What are the responsibilities and job description for the Compliance Specialist position at Oak View National Bank?
Job Summary:
Complete ongoing and regular bank compliance tasks including, but not limited to, regulation E dispute resolution, next day account reviews and deficiency tracking, complaint tracking and reporting, website comments, and tracking, and other compliance-related functions as assigned.
Essential Functions:
- Complete ongoing and regular bank compliance tasks.
- Review, assign, distribute, gather, and remit items identified for audits and exams, working with other departments as necessary.
- Track audit findings and policy updates for the bank.
- Work with Director of Risk Management and others to gather information and documentation for various internal risk assessments, using various bank-managed software to extract and import data for ongoing reporting.
- Complete annual and as-needed procedure reviews for compliance-related processes and tasks, updating same to maintain current records.
- Work with internal staff and external vendors to improve process efficiency for all compliance functions related to data sharing and import / extraction.
- Completes general administrative duties as needed for compliance and operations recordkeeping.
- Apply leadership and analytical skills to attain and maintain bank compliance in a cost-effective and efficient manner.
- Cross-train as occasional back-up for basic day-to-day duties of BSA Specialist role.
- Other duties as may be assigned.
Job Requirements:
- Education: H. S. Diploma or equivalent required; some college coursework in business/accounting or bank association certification in compliance, auditing or accounting preferred (level I); Associate degree, relevant college coursework or bank association certification in compliance, auditing or accounting required (Levels II / III).
- Experience: At least 3 years of experience in a financial institution required (Level I); At least two years of banking compliance experience (Level II); At least three years of banking compliance experience (Level III).
- Working knowledge of the banking compliance requirements.
- Working knowledge of financial institution processing systems and software. Familiarity with BSA-monitoring applications (i.e. Verafin) strongly preferred.
- Working knowledge of other technical business applications, including MS Word, Outlook and Excel; experience with Adobe Pro and Sharefile (or other documenting sharing platform) preferred.
- Technical Skills: Experience reading, interpreting, and analyzing data in spreadsheets, electronic documents, and online software applications; proficient in importing and exporting data from multiple electronic systems; ability to communicate with online and external support for system improvements as needed.
- Other Skills: Highly effective organizational and communication skills; Accuracy and attention to detail; Ability to work in a fast-paced environment with minimal direct oversight.
- Ability to communicate effectively and work with individuals in many disciplines (i.e., management, staff, information systems specialists, federal regulatory agency officials, auditors, customers, and others for/to whom the bank maintains or transmits information).
Salary : $38,000 - $48,100
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