Senior Compliance Analyst

Description

The Senior Compliance Analyst supports the VP, Compliance Officer and performs various tasks and monitoring to ensure adherence with the Bank’s Compliance Management System. The Senior Compliance Analyst duties include, but are not limited to, serving as a subject-matter expert for the Bank with an emphasis on deposit-related regulations, training employees on industry standards, assisting in developing policies, evaluating regulatory compliance laws and regulations, and communicating effectively new compliance policy and procedures as needed. 

• Maintains current knowledge of all compliance regulations, with a particular emphasis on deposit-related regulations, as well as Bank policies and procedures.
• Serves as a subject matter expert on deposit-related regulations for the Bank’s business lines.
• Conducts internal Monitoring Reviews, Bank-wide, to evaluate internal operational and procedural compliance. Reports results to the Enterprise Risk Committee.
• Periodically reviews deposit and loan disclosures for regulatory compliance.
• Reviews and approves Bank marketing/advertising in accordance with the Bank’s Marketing Initiative Lifecycle approval process.
• Assists with internal compliance audits and exams (document preparation, information gathering, etc.)
• Oversight of the Complaint Management System.
• Keeps abreast of compliance requirements as well as changes/amendments to regulations. Effectively communicates changes across the Bank’s business lines as needed.
• Assists the VP, Compliance Officer in compiling the quarterly Enterprise Risk Management Committee package.

Requirements

• Bachelor’s Degree, in Finance, Business Administration, or related field; or equivalent work experience in banking compliance or specialized coursework in a banking compliance related field. Certified Regulatory Compliance Manager (CRCM) certification is preferred.
• Proven work experience as a compliance analyst with strong understanding of regulatory requirements, more specifically, deposit-related regulations.
• Strong analytical skills, attention to detail, and the ability to communicate complex regulations clearly.
• Familiarity with industry specific regulations.
• Strong verbal and written communication skills, including relationship building skills.
• Capable of working in a fast-paced environment and managing multiple tasks simultaneously.
• Ability to identify compliance issues and develop effective solutions.
• Ability to read, analyze and comprehend government regulations applicable state law and other instruction manuals.
• Ability to work independently and provide supervisors with regular, written and/or verbal updates and feedback, as well as timely communication of obstacles. 
• Ability to use various office equipment including the ability to utilize applicable software including Ncontracts HMDA, CRA & Fair Lending data collection and reporting software, Encompass, COCC Insight or similar software and Microsoft Office Suite and Visio.
• Ability to work predominantly in the Bank’s West Warwick, RI Main Office required; however, travel to other Centreville Bank locations may be required.