Compliance Assurance Analyst

TowneBank; Suffolk (VA); On-site; USD 58,000 - 75,000; Full time

Job summary

TowneBank in Suffolk, VA, seeks a compliance professional to perform regulatory monitoring and testing within its Corporate Compliance Monitoring & Testing Program. You will ensure processes across TowneBank and affiliates comply with applicable laws and policies.

Responsibilities include communicating results to management, tracking corrective actions, researching regulatory requirements, and supporting as a subject matter expert. A minimum of two years in banking compliance is required.

Qualifications

• Minimum 2 years of banking or financial services compliance testing, risk management, or audit.
• Proficiency with Microsoft Office applications.

Responsibilities

• Perform regulatory compliance monitoring and testing assignments.
• Communicate results to management efficiently and concisely.
• Follow up on corrective actions for reported findings.
• Maintain status updates with the Compliance Assurance Manager.
• Research regulatory requirements using laws and compliance resources.
• Stay current on consumer protection laws and internal policies.
• Support as a subject matter expert in compliance monitoring and testing.
• Participate in department projects and testing related to mergers and acquisitions.
• Adhere to Anti-Money Laundering laws, including BSA.
• Perform other duties within the scope of the job.

Skills

Written & oral communication

Attention to detail

Independent work style

Team collaboration

MS Office

Banking compliance experience

Education

Bachelor’s degree or compliance-related certification

Tools

GRC software

Job description

Description

Perform regulatory compliance monitoring and testing assignments within TowneBank’s Corporate Compliance Monitoring & Testing Program to ensure processes across TowneBank and its affiliates (Towne) are operating in compliance with applicable laws, regulations, and Towne policy.

Primary Purpose:

Perform regulatory compliance monitoring and testing assignments within TowneBank’s Corporate Compliance Monitoring & Testing Program to ensure processes across TowneBank and its affiliates (Towne) are operating in compliance with applicable laws, regulations, and Towne policy.

The good-faith compensation range for this role is expected to be $58,000 to $75,000, based on the role, market, internal equity, and candidate qualifications.

• Ensure assigned regulatory compliance monitoring and testing assignments are completed in accordance with established department standards and within allotted timeframes.
• Based on the work performed, work with the Compliance Assurance Manager to communicate results to management efficiently, promptly, and concisely.
• Follow up on management’s corrective actions to reported regulatory findings.
• Keep the Compliance Assurance Manager informed of the status, progress, and impediments regarding monitoring and testing assignments.
• Research regulatory requirements relevant to monitoring and testing assignments using compliance resources such as laws, regulations, approved third-party resources, and Compliance colleagues.
• Maintain a current knowledge of applicable consumer protection laws and regulations, business operations, and internal Compliance policies and procedures.
• Support Towne as a subject matter expert in compliance monitoring and testing, upholding the highest standard of compliance, integrity, and professionalism both internally and externally.
• Participate in department-level projects such as drafting or reviewing procedures and reports, risk assessments, and merger and acquisition-related testing as needed and assigned.
• Obey all applicable federal laws, rules, and regulations relating to Anti-Money Laundering, including the Bank Secrecy Act.
• Performs other duties as required or assigned, which are reasonably within the scope of the duties in this job classification.

Minimum Required Skills & Competencies:

• Requires excellent written and oral communication skills, an eye for detail, and computer proficiency.
• Ability to work independently in a fast-paced environment, juggling multiple priorities, and demonstrate a track record of completing work in a timely and organized fashion.
• Ability to work well within a team environment.
• At least 2 years of experience in banking or financial services compliance testing, risk management, or audit.
• Proficiency in Microsoft Office applications.

Desired Skills & Competencies:

• Bachelor’s degree in business, finance, accounting, risk management, or a related field; or a compliance-related certification
• Experience with governance, risk, and compliance or auditing software.

The good-faith compensation range for this role is expected to be $58,000 to $75,000, based on the role, market, internal equity, and candidate qualifications.

Physical Requirements:

• Express or exchange ideas in writing and orally.
• Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
• Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
• Not substantially exposed to adverse environmental conditions.

The physical demands described here are representative of those required of an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.