Compliance Specialist III

First Financial Bank • Cincinnati, OH

2d

About The Position

The Compliance Specialist III monitors and provides business support on complex regulatory, risk, and legal matters. The role advises and recommends actions to business lines regarding policies, processes, procedures, and projects; performs multifaceted testing and monitoring; reviews and assists with responses to client complaints; and may focus on data management and business analysis. The specialist helps ensure that policies and procedures remain compliant with applicable banking laws, regulations, and rulings, and provides subject matter expertise to business lines to identify and mitigate regulatory risk. The role may have a heavier focus in one or more of these areas.

The position works with the Chief Compliance Officer and business line management to implement the Compliance Management System and Program, address loan and HMDA data inconsistencies, assess regulatory impacts, and maintain compliance expertise. It reviews and updates procedures, develops monitoring and testing, supports regulatory reviews, addresses compliance issues and findings, prepares management reports, and collaborates with Legal, Risk, business lines, and technology partners. It may also review marketing, website content, and disclosures; respond to client complaints; coordinate remediation; and support education and training.

In a data management/business analysis focus, the specialist gathers and documents compliance data and system requirements, liaises with technology partners, coordinates stakeholder validation, addresses reporting or operational issues, and maintains listings of compliance systems, users, data sources, and access needs. The position may manage individuals or a team, including assigning work, conducting performance evaluations and check-ins, and supporting development plans.

Requirements

• At least 7 years of banking-related experience, including at least 2 years of banking compliance experience.
• Strong oral and written communication and interpersonal skills.
• Proficient computer skills, including working knowledge of Microsoft Office applications and SharePoint.
• Bachelor’s degree or equivalent experience.
• Ability to solve complex problems, sometimes applying creative perspectives to existing solutions.
• Ability to apply subject matter knowledge to complex assignments, contribute to or manage projects, provide advice in areas of expertise, and serve as a resource to less experienced colleagues.

Nice To Haves

• CRCM certification preferred.

Responsibilities

• Work with the Chief Compliance Officer and business line management to implement the Compliance Management System and Program.
• Resolve inconsistencies in loan data and recommend changes to ensure accurate regulatory data reporting, including HMDA data.
• Review bank policies and procedures in relation to the compliance risk management framework and determine the impact of laws and regulations on business lines.
• Maintain expertise regarding laws, regulations, and rules governing the applicable business line.
• Review and update operating procedures to support continuous compliance.
• Initiate corrective activities for compliance exceptions, criticisms, deficiencies, or violations identified in examinations or reviews.
• Develop and refine monitoring and testing reviews.
• Understand systems, vendors, and procedures used by business lines.
• Draft memorandums and reports for management.
• Research and resolve compliance-related issues and inquiries.
• Lead projects, programs, or processes with significant business impact involving cross-functional teams.
• Partner with Legal, Risk, and business lines on compliance matters, including regulatory interpretation and application.
• Coordinate and support regulatory reviews and resolution of findings.
• Implement compliance support programs that educate and train associates and build risk awareness.
• Review and approve marketing advertisements, website content, and product and service disclosures.
• Review, research, analyze, and respond to client complaints filed with the bank or regulatory agencies in accordance with procedures and service-level agreements; coordinate complex remediation as needed.
• Gather and document compliance team data requirements for testing, data inputs, reports, and compliance systems; collaborate with technology partners and lead system updates and testing initiatives.
• Act as a liaison between compliance functions and technology partners to support data management needs, strategic objectives, and team initiatives.
• Gather and organize requirements through stakeholder interviews, document requirements, and coordinate meetings to confirm understanding.
• Check in regularly with stakeholders to validate solutions and timing of information.
• Address reporting errors, deficiencies, and other operational issues.
• Develop and maintain listings of compliance department systems and users, as well as systems used to retrieve data and their access capabilities and needs.
• If applicable, manage individuals or a team by assigning tasks and workflows, conducting annual performance evaluations and quarterly check-ins, creating development plans, and supporting program and team goals.
• Meet the bank’s compliance requirements under state and federal law, regulation, and bank policies, including BSA, AML, OFAC, suspicious activity reporting, and lending and deposit compliance requirements.

Benefits

• Benefits and programs supporting associates’ holistic wellbeing are offered; specific benefits are not detailed in the posting.
• All roles are incentive eligible except Co-Op, Intern, or Student positions.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior