Suspicious Activity Reporting Supervisor

Simmons Bank•Little Rock, AR

15d

About The Position

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Job Description Supervisor of Compliance manages assigned associates/officers of the Compliance Group which includes providing supervision, training, quality control, and overseeing work of applicable staff. This position performs complex-level professional compliance work; serves as an independent advisor to business unit colleagues and management; assesses compliance risk across the enterprise and collaborates with business unit managers to mitigate such risks; conducts compliance assessments which include evaluating internal and operational controls, processes, practices, policy, risks, as well as regulation violations. Supervisor of Compliance works independently under minimal supervision with significant latitude for initiative and independent judgment.

Requirements

Ability to read and interpret documents such as procedure manuals, general business correspondence and/or journals or government regulations
Ability to read, analyze and interpret financial report and/or legal documents
Ability to write routine reports, procedures and business correspondence
Ability to respond in writing to customer complaints, regulatory agencies or member of the business community
Ability to effectively present information in one-on-one and small group situations, to customers, top management, public groups and/or boards of directors
BS/BA degree and Minimum of 2-4 years’ experience in compliance, audit or other governance functions OR Minimum of 4-6 years’ experience working in compliance, audit or other governance functions within a large commercial bank or regulatory agency, with working knowledge of consumer and commercial banking products
3 years’ management experience required
MS Office programs

Nice To Haves

Certified Regulatory Compliance Manager (CRCM) certification preferred or the willingness and ability to obtain such certification within 12 months of employment or Series 7 & 63 trading licenses through FINRA or Registered Investment Agent Certification preferred
Completion of ABA National, Intermediate, or Graduate Compliance School preferred

Responsibilities

Responsible for all management duties of assigned associates to include hiring, performance management, salary recommendations, training of new associates and skill development of all staff.
Manages compliance testing program(s) by performing duties such as; self-assessments, developing and updating risk assessments, performing targeted compliance reviews, risk mitigation initiatives, communicating results to the appropriate members of management, evaluating potential risk areas including internal and operational controls, processes, practices, policy, as well as regulation violations.
Responsible for reviewing regulatory risks associated with new Business initiatives, new products/services and process changes to ensure compliance with applicable rules and regulations.
Accountable for providing sound compliance advice and directing the Business Unit on the resolution of compliance-related issues.
Prepare periodic reports for senior management, Legal, Compliance, and the Board of Directors (BOD) which identifies significant developments, vulnerability/risks, testing results, key risk indicators, root cause, and initiatives underway.
Participates in the evaluation and monitoring of operations (i.e., marketing, origination, processing, underwriting, servicing, collection and loss mitigation) to ensure sound compliance practices are being applied across the enterprise and provide regulatory guidance about new and changing regulatory developments.
Assists in audits and regulatory examinations, including compiling requested information for auditors and examiners by serving as a liaison between the organization and regulatory agencies.
Review consumer complaints for applicable concerns, evaluate potential root causes, and make recommendations to mitigate risk or improve controls.
Develops, conducts and maintains compliance training materials for entire organization.
Maintains a comprehensive working knowledge of Federal and State regulatory requirements and responsible for ensuring compliance with all regulations.
Assists with the preparation and implementation of the Compliance Group goals and objectives including departmental budgets, related plans, and follow-up procedures.
Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
Performs other duties and responsibilities as assigned.