Compliance Analyst (On-site Washington/Oregon State)

Heritage Bank • Tacoma, WA

8d • $30 - $50 • Onsite

About The Position

Heritage Bank has an exciting opportunity to join our organization! We are seeking a Compliance Analyst to join our Compliance team in Tacoma, WA! The compliance analyst is responsible for assisting with the origination, implementation, and maintenance of the Bank's compliance programs, to include compliance monitoring, research, testing, data / regulatory analytics, reporting, training, consultation, corrective actions, and complaint management, supporting assigned compliance team, and area(s) of responsibility. Areas of responsibility may include but are not limited to CRA/Fair and Responsible Banking, Regulatory, Lending, and/or Deposit Compliance. Preferred geographical location is Tacoma, WA. Depending on experience, other Heritage Bank locations in Washington or Oregon may be considered. Base Salary Range: Level I - $30.12 - $37.64 - $45.18 per hour Level II - $33.13 - $41.41 - $49.69 per hour Depending on qualifications and experience, Compliance Analyst I or II may be considered. The Role at a Glance: Conducts and documents monitoring, data analysis, and testing to assess compliance and identify risks; collaborates with relevant business units as needed. Performs monitoring and testing to evaluate compliance controls, ensures regulatory compliance alignment, and supports root cause analysis in response to control failures. Assists with the development and administration of compliance risk assessments. Participates in the implementation of new rules and regulations when passed by state and federal governing bodies. Assists with the review, revision, and implementation of compliance policies, procedures as well as the development and execution of internal compliance trainings and communications. Assists with special investigations, targeted reviews, and the tracking, analysis, and resolution of compliance complaints, as assigned. Ensures required compliance public filings are complete, accurate, and posted to appropriate internal and external sites and locations. Responds to compliance related inquiries or complaints in a prompt, courteous manner, ensuring timely follow up and resolution with employees. Contributes to the success of the department with willingness to share in all department responsibilities, as well as bank-wide initiatives, as required or assigned. Gains working knowledge of, and ensures bank activities are performed in compliance with, all state and federal banking laws and regulations applicable to assigned area. Understands and complies with all policies, procedures, standards and guidance relevant to assigned job responsibilities.

Requirements

• High School diploma or equivalent – required.
• Level I- 2+ years recent experience in compliance, bank operations, lending support, IT/IS, and/or digital banking in a relevant analyst or reporting role, which includes working knowledge of compliance laws and regulations in a financial services and community banking environment required .
• General working knowledge in one or more compliance areas, i.e., CRA/Fair and Responsible Banking, regulatory, Lending, and/or Deposits preferred.
• Level II- 4+ years recent experience in a relevant compliance role, which includes strong working knowledge of compliance laws and regulations in a financial services and community banking environment required.
• Working knowledge and experience in one or more compliance areas i.e., CRA/Fair and Responsible Banking, Regulatory, Lending, and/or Deposits required.
• Equivalent combination of education, certifications, training and/or compliance experience may be considered
• Provides an exceptional level of quality service for internal/external customers; responds to customers' needs, questions, and concerns in an accurate, effective, and timely manner.
• Ability to develop and maintain strong working relationships with all business units, management, staff, regulators and audit personnel, to achieve common goals.
• Strong listening, verbal, written, and telephone etiquette business communication skills, including effective questioning strategies and presentation skills; with the ability to read, write, speak, and understand English well.
• Effective organizational, time management, data review/analytics, and processing skills; with the ability to manage multiple assignments, goals, and reporting requests, ensuring priorities are set, with the ability to meet multiple and sometimes competing deadlines with direct and/or moderate oversight and supervision.
• Strong analytical, reasoning and problem-solving skills, with excellent attention to detail and a strong focus on accuracy.
• Strong working knowledge and understanding of principles, procedures, compliance requirements, state/federal regulations, and policies related to assigned area.
• General knowledge of bank operations, commercial and/or small business lending, consumer lending, loan documentation, activities and terminology, and other applicable business line functions and processes for assigned area(s) of responsibility.
• Ability to test and address compliance risk for various bank products, services, and assessment areas.
• Ability to read, analyze and interpret technical procedures, government regulations, trade journals, and legal documents.
• Unquestionable integrity in handling sensitive and confidential information required.
• Proficient use and understanding MS Office products (Word, Excel, Outlook), and the Bank’s core processing system, with the ability to adapt to new products and technologies quickly.

Nice To Haves

• Bachelor’s degree in Business, Accounting, Finance or relevant course of study preferred.
• Certificate in Compliance Essentials, Certificate in Deposit Compliance, Certificate in Lending Compliance Core Concepts, Certified Community Bank Compliance Officer and/or other relevant Compliance certification preferred.

Responsibilities

• Conducts and documents monitoring, data analysis, and testing to assess compliance and identify risks; collaborates with relevant business units as needed.
• Performs monitoring and testing to evaluate compliance controls, ensures regulatory compliance alignment, and supports root cause analysis in response to control failures.
• Assists with the development and administration of compliance risk assessments.
• Participates in the implementation of new rules and regulations when passed by state and federal governing bodies.
• Assists with the review, revision, and implementation of compliance policies, procedures as well as the development and execution of internal compliance trainings and communications.
• Assists with special investigations, targeted reviews, and the tracking, analysis, and resolution of compliance complaints, as assigned.
• Ensures required compliance public filings are complete, accurate, and posted to appropriate internal and external sites and locations.
• Responds to compliance related inquiries or complaints in a prompt, courteous manner, ensuring timely follow up and resolution with employees.
• Contributes to the success of the department with willingness to share in all department responsibilities, as well as bank-wide initiatives, as required or assigned.
• Gains working knowledge of, and ensures bank activities are performed in compliance with, all state and federal banking laws and regulations applicable to assigned area.
• Understands and complies with all policies, procedures, standards and guidance relevant to assigned job responsibilities.

Benefits

• total rewards package
• exceptional benefits package (medical, dental, vision, life insurance, 401(k), community volunteer time)
• generous time off policy
• Full-time team members receive a minimum of 10 paid vacation days annually and eight hours of paid sick leave per month, while also enjoying 11 paid holidays each calendar year, and an annual float day.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 251-500 employees