Bank Regulatory Compliance Associate

American Savings Bank; Honolulu (HI); On-site; USD 110,000 - 150,000; Full time

Job summary

American Savings Bank is seeking a seasoned regulatory compliance professional to advise the lines of business on applicable banking laws and policies in Hawaii. The role leads risk assessments, monitoring, and testing while maintaining the enterprise-wide compliance program.

The candidate will develop and deliver training, stay current on regulatory trends, and communicate requirements across the organization to minimize risk and ensure effective controls.

Qualifications

• Minimum five (5) years of experience in bank regulatory compliance.
• Legal or auditing background is a plus.
• Technical knowledge of the banking industry and regulatory frameworks.
• Strong written and verbal communication and interpersonal skills.
• Able to apply independent judgment to keep projects on schedule while remaining flexible in a demanding work environment.
• Excellent analytical skills and the ability to conceptualize new ideas and complex technical matters.
• Works thoroughly and accurately to meet schedules and deadlines.

Responsibilities

• Provides independent advice and guidance to the lines of businesses on regulatory requirements.
• Serves as a resource for all Bank employees regarding regulatory compliance issues.
• Leads assigned compliance activities, projects and initiatives, including risk assessments and testing.
• Maintains the compliance risk assessment and evaluates risks, control effectiveness and mitigating factors.
• Advises on policies, procedures and controls; develops processes to monitor compliance.
• Gathers, analyzes and evaluates data for compliance risk assessments and reporting.
• Interacts with risk management to identify, evaluate and mitigate compliance risks.
• Ensures laws and procedures are communicated enterprise-wide and leads training on regulations.
• Stays current on emerging issues in compliance and assesses their impact.

Skills

Legal/Auditing background

Banking regulations knowledge

Regulatory frameworks

Analytical skills

Communication skills

Independent judgment

Project management

Job description

Primary Purpose Of Job

Provides advice, guidance and training to the lines of business on the compliance requirements of banking laws, regulations, regulatory policies, and procedures. Gathers and reviews data for analysis, reporting, and assignment of bank regulatory compliance risk. Serves as a resource throughout the Bank regarding all bank regulatory compliance issues. Maintains the compliance risk assessment and monitors compliance risks.

Major Job Accountabilities

• Provides independent advice and guidance to the lines of businesses on the compliance requirements of banking laws, regulations, and regulatory policies and procedures.
• Serves as a resource for all Bank employees regarding bank regulatory compliance issues.
• Leads assigned compliance activities, projects and initiatives, including risk assessments, monitoring, testing, and implementation of regulatory requirements.
• Maintains the compliance risk assessment and independently evaluates compliance risks, control effectiveness, and mitigating factors, recommending enhancements where appropriate.
• Advises on the design and implementation of appropriate policies, procedures, and controls. Develops and supports processes to monitor and test enterprise-wide bank regulatory compliance.
• Gathers, analyzes and evaluates data for compliance risk assessments, reporting, monitoring, and testing. Identifies trends, potential compliance concerns, and areas requiring management attention.
• Interacts with other risk management personnel to identify, evaluates, and mitigate compliance risks and leads resolution of more complex compliance matters.
• Ensures applicable laws, regulations, policies, and procedures are effectively communicated to business units. Develops and/or leads training on bank regulations and compliance requirements across the enterprise.
• Stays current and knowledgeable about emerging issues and trends in compliance and compliance management, new and proposed banking laws, and regulations and assesses their potential impact to the Bank and applicable business unites.

Experience Required

• Minimum five (5) years of experience in Bank regulatory compliance function or an equivalent combination of education and experience.

Required Skills Or Training

• Legal or auditing background is a plus.
• Technical knowledge of the banking industry, as well as federal statutory and regulatory frameworks.
• Working knowledge of bank technology and operating systems.
• Excellent written, verbal, listening, presentation, and interpersonal skills.
• Able to apply independent judgment to keep projects on schedule while remaining flexible in a demanding work environment.
• Excellent analytical skills and the ability to conceptualize new ideas and complex technical matters.
• Works thoroughly and accurately to meet schedules and deadlines.

EOE, including disability/veterans

At American Savings Bank, we welcome and support all individuals and celebrate the diversity of our team members, customers and community. We are committed to ensuring that our online application process is accessible and provides an equal employment opportunity to all job seekers. If you need assistance searching for a job or submitting an application, please contact us by calling 808-538-2000 and a member of our Recruitment team will follow up with you. Mahalo for your interest in American Savings Bank!