Compliance Officer

Sovereign Bank•Oklahoma City, OK

About The Position

The Compliance Officer is responsible for assessing, developing, implementing, maintaining, and monitoring the bank’s compliance program to ensure that each functional area of the bank achieves and maintains compliance with all applicable banking laws and regulations. The Compliance Officer will coordinate with the Chief Risk Officer and assist with regulatory examinations. The Compliance Officer will also analyze and disseminate new or revised laws and regulations, research compliance issues, monitor and assign compliance training, and maintain the bank’s overall compliance policies and procedures, including preparing revised policies when needed. The Compliance Officer will be responsible for conducting internal compliance monitoring and audits.

Requirements

Working knowledge of banking regulations
General knowledge of all financial institution policies and procedures
Ability to read, analyze and interpret government regulations.
Above average communication skills, including written, verbal, and coaching
Excellent organizational and computer skills
Able to work in a team environment and coordinate projects to improve bank policies, procedures and other tasks as the regulatory environment changes.
Bachelor’s degree from four-year college or university; or five years related experience preferred
Minimum 3 years banking industry experience in a compliance related role
CRCM designation or federal regulator commission
Hearing, speech, close vision
Sitting, including computer use
Driving with own transportation to other branches for meetings/workshops
On occasions, may be required to lift and/or move up to 25 pounds
Job responsibilities may include standing, walking, lifting, kneeling, and crouching

Responsibilities

Oversee the bank’s compliance function
Develops, administers, and monitors programs that ensure the bank’s compliance with federal and state laws and the adequacy of internal compliance processes
Research federal and state banking laws and regulations, reviews the bank’s policies and procedures and ensures the bank’s compliance with applicable laws and regulations
Analyzes new rules and regulations to assess their impact on the organization
Provide assistance related to compliance laws and regulations to management and staff
Collaborates in the gathering of documentation and information requested by internal, external, and regulatory auditors and authorities related to an audit, examination, or inquiry
Administers online compliance training program ensuring required compliance training is completed by all employees
The Compliance Officer will be responsible for supervising potential future compliance analysts
Conducts internal compliance monitoring and compliance audits
Engages in ongoing training to stay current on compliance trends
Supervises the work of compliance analysts
Travels to branches, as needed
Other duties as assigned.