Compliance Analyst

The Compliance Analyst will work directly with the SVP, Compliance Officer to oversee the QNB Bank Compliance Management System, functioning with independence and objectivity to review and evaluate compliance issues and concerns within the organization. The position ensures that the Board of Directors, management and employees are in compliance with the rules and regulations of regulatory agencies, and that company policies and procedures are being followed. 

GENERAL DUTIES AND RESPONSIBILITIES:

Assist the Compliance Officer with:

1. Assist Compliance Officer in the development, administration, and monitoring of programs that ensure the bank's compliance with laws, regulations, and rules.

2. Maintains a current knowledge of applicable laws, regulations and banking issues.  Monitors legislative and regulatory developments for the Bank and reports important compliance developments.  Evaluates changes in industry practices and regulatory requirements to ensure timely and appropriate action is taken.

 3. Coordinates continual compliance monitoring and testing program to aid in the self-identification of compliance issues.

 4. Identifies potential areas of compliance vulnerability and risk; develops and implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future. 

 5. Works with the Human Resources Department, Security, Lending, Retail Lending, Branches, and Deposit Operations as appropriate to develop an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees, managers, and Board of Directors.

 6. Serves as a primary compliance resource for all personnel within the bank.  Works closely with department management to evaluate associated risk with implementation of product, process, or system changes.

 7. Assists with regulatory exams by retrieving pertinent information and representing the line of business when explaining positions.  Ensure adequate corrective processes as necessary.  Has accountability for QNB’s FDIC compliance exam rating.

8. Attends the Compliance Committee and related subcommittees; assists in the preparation of agendas with appropriate discussion topics.  Attends the CRA/Fair Lending Committee and prepares appropriate analysis and reporting for the Committee. 

9. Performs pre & post-closing documentation reviews on both consumer and residential mortgage loans to ensure compliance with all regulatory requirements, satisfactory fulfillment of any remaining conditions.

10. Perform reviews (sampling basis) of the HMDA and CRA LAR as outlined in the HMDA & CRA policy/procedures. Performs fair lending loan reviews.

 11.  As assigned, reviews print and electronic media advertisements and other marketing materials for products and services to assure compliance with consumer protection laws and regulations.

 12. Maintains a log of customer complaints and reports.  Assures that the Bank appropriately responds to formal complaints and that complaints are appropriately elevated to management if any impropriety is asserted.

 13. Is responsible for ensuring QNB’s compliance with new or revised rules and regulations.

 14. Completes assigned compliance training in a timely manner and demonstrates ability to apply training to their duties and responsibilities.

REQUIRED TRAINING, EXPERIENCE AND EDUCATION:

·         A Bachelor's degree or equivalent experience.

·         Significant  knowledge of Patriot Act, BSA, AML, and OFAC; lending compliance; operational compliance

·         Ability to effectively write reports, business correspondence, and procedure manuals.

·         Ability to effectively present information and respond to questions from groups of managers, clients, customers

·         Previous experience in bank operations preferred.

·         Excellent MS Word, Excel, and PowerPoint skills.