Sr. Compliance Officer - CTA

Mechanics Bank•Irvine, CA

11d•$85,000 - $115,000•Onsite

About The Position

Mechanics Bank is seeking a Sr. Compliance Officer – CTA to support the Bank’s Corporate Compliance Program. The role proactively identifies system, procedural, and training weaknesses to help prevent regulatory criticism, penalties, and related risks. It conducts audits and assessments using policy, procedure, and transactional testing; prepares reports for senior and executive management; works with stakeholders to address deficiencies; and provides compliance guidance and training to employees. The officer also serves as a point of contact for internal groups, risk management teams, internal audit, regulatory agencies, and outside auditors. This position develops and performs independent reviews of the Bank’s compliance with consumer compliance requirements and non-consumer regulations affecting Wealth Management, and evaluates adherence to internal policies. It identifies deficiencies, recommends solutions, tracks remediation through resolution, validates remediation efforts, and presents review results to management. The role works across business groups and risk functions, maintains knowledge of the compliance framework and business operations, adjusts testing as conditions and regulatory expectations change, and provides guidance on compliance and business-line projects. It develops annual and ongoing testing strategies based on risk assessments and builds effective working relationships while demonstrating leadership. The position is based on-site and requires 10–20% travel.

Requirements

A four-year bachelor’s degree; banking, compliance, or audit experience may be considered in lieu of the required education, and additional experience may be considered in lieu of a degree.
At least five years of compliance or audit experience.
Excellent knowledge of trust, investment, BSA/AML/OFAC, and consumer compliance regulations.
Ability and willingness to independently solve complicated compliance issues.
Proven ability to identify and improve process and procedural efficiency.
Strong verbal and written communication skills.
Strong analytical and decision-making skills, including thoughtful risk assessment, attention to detail, and good judgment.
Effective time-management and organizational skills.
Ability to handle and access sensitive information with a high degree of confidentiality and sound judgment.

Nice To Haves

Certified Anti-Money Laundering Specialist (CAMS) certification.
Certified Fiduciary and Investment Risk Specialist (CFIRS) certification.
Certified Internal Auditor (CIA) certification.
Certified Regulatory Compliance Manager (CRCM) certification.

Responsibilities

Develop, plan, and perform compliance reviews independently evaluating the adequacy, comprehensiveness, and effectiveness of the Bank’s compliance with consumer compliance and applicable non-consumer requirements affecting Wealth Management.
Evaluate Compliance and Wealth Management adherence to applicable internal policy requirements.
Identify process and procedural deficiencies and recommend solutions to complex issues.
Track remediation action plans through final resolution, ensuring deficiencies are addressed adequately and on time.
Write reports or presentations that clearly explain compliance review results and conclusions, and present results to senior and executive management.
Validate remediation efforts and results and provide guidance for refinement when necessary.
Collaborate across groups and with other risk management teams, including internal audit.
Work with senior management, the Legal Department, and other constituencies to promote a culture of compliance.
Maintain knowledge of the compliance division’s framework, business operations, and regulatory guidance and expectations.
Anticipate changes in the internal and external environment and revise the testing program accordingly.
Provide compliance guidance relating to compliance and business-line projects.
Develop annual and ongoing testing plans and strategies based on overall risk evaluation, and complete annual test-plan risk assessments.
Develop effective working relationships with team members while distinguishing oneself as a leader.

Benefits

Medical, prescription, dental, and vision coverage for employees and eligible family members.
Employer-paid Employee Assistance Program, life insurance, AD&D, and disability benefits.
Health Savings Account with employer contribution.
Healthcare and Dependent Care Flexible Spending Accounts and commuter/parking benefit.
401(k) and Roth 401(k) with company contribution.
529 Education Savings plan, tuition reimbursement, and student loan assistance.
Supplemental health plans and voluntary legal and identity theft services.
11 paid holidays, paid sick days, up to 25 paid vacation days, and 16 hours of paid volunteer time annually.
Free personal checking and savings accounts.
Discounted rates on primary residence loans with $0 origination fees, subject to restrictions.
Annual incentive bonus of up to 10%.