Compliance Policy Specialist
About The Position
The Compliance Policy Specialist supports the development and implementation of compliance programs, policies, reporting, and practices for an organization or business. Monitors activities impacted by regulatory requirements related to the organization's governance and any industry-specific or location-specific laws. Utilizes established internal controls and auditing systems to identify, detect, and correct noncompliance. Implement changes to compliance processes due to new or amended regulations. Prepares and updates communication materials. Assists with training initiatives that inform stakeholders about compliance requirements. Why this Role Frequent engagement with senior Commercial Banking Officers and their staff Cross-functional liaison opportunity to collaborate enterprise-wide with Commercial Services This position offers periodic regional travel to foster cross-market collaboration and strategic partnerships across our Commercial Banking markets Career progression opportunities with a capacity for increased responsibility Compliance Directives This position is responsible for monitoring and interpreting state and federal legislative developments through Directives to ensure organizational alignment throughout all Commercial Banking markets. This position will draft/amend internal controls, policies, and procedures to maintain continuous streamlined compliance. Compliance/Audit Testing Events Responsible for collaborating and responding to internal compliance testing and audit events ensuring coordinated responses and the timely remediation of identified gaps. This requires the ability to partner with the frontline to perform root-cause analysis, navigating core systems to validate required procedural steps and proof of documentation. Occasionally, responsible for documenting summaries and procedural timelines for Internal Audit review. Compliance Control Confirmations Responsibility to review and complete Compliance Control Confirmations for each Commercial Banking Business Unit as assigned. This responsibility requires a high level of understanding of Commercial Banking programs, policy and procedure, understanding banking controls, and working within Microsoft Office 360 spreadsheets. Compliance Communications Acts as a cross-functional liaison to stakeholders to collaborate and report out Compliance alerts and bulletins ensuring that all are communicated with optimal accuracy and efficiency.
Requirements
- Requires a bachelor's degree or equivalent
- Success in this role requires a high degree of legal literacy and the ability to translate complex legislative language into actionable policy. Candidates must possess the legal foresight to evaluate the multi-market impact of new regulations and be responsible for the end-to-end drafting of policy and procedures.
- This role will demonstrate a high level of professional communication ensuring clarity and impact in both written correspondence and oral communications. Ability to participate and occasionally lead in small and large group engagements both in-person and in virtual platforms.
- The candidate must demonstrate organizational skills, attention to detail, awareness of audience, and tailoring communications appropriately.
- Participates in a team environment where motivation, support and collaboration are paramount
- Ability to research internal programs, policy, procedures for solutions to internal risk assessments and testing events
- Strong problem solving and critical thinking skills. Must assist lending staff in resolving issues according to policy
- Must be able to identify areas of Best Practice that need improvement and report recommendations to Compliance Manager.
- Provide guidance and support to business units on compliance-related questions
- Strong proficiency in MS Office Suite
Responsibilities
- monitoring and interpreting state and federal legislative developments through Directives to ensure organizational alignment throughout all Commercial Banking markets
- drafting/amending internal controls, policies, and procedures to maintain continuous streamlined compliance
- collaborating and responding to internal compliance testing and audit events ensuring coordinated responses and the timely remediation of identified gaps
- partnering with the frontline to perform root-cause analysis, navigating core systems to validate required procedural steps and proof of documentation
- documenting summaries and procedural timelines for Internal Audit review
- reviewing and completing Compliance Control Confirmations for each Commercial Banking Business Unit as assigned
- acting as a cross-functional liaison to stakeholders to collaborate and report out Compliance alerts and bulletins ensuring that all are communicated with optimal accuracy and efficiency
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
11-50 employees
