Compliance Assurance Analyst

Socket.dev; Suffolk (VA); On-site; USD 58,000 - 75,000; Full time

Job summary

TowneBank in Suffolk, VA is seeking a regulatory compliance monitoring and testing professional to support the Corporate Compliance Monitoring & Testing Program. You will ensure processes across TowneBank and its affiliates comply with applicable laws, regulations, and Towne policy, working within a fast-paced banking environment.

The role requires 2+ years in banking compliance, strong communication, and proficiency in Microsoft Office.

Qualifications

• 2+ years in banking or financial services compliance testing, risk management, or audit.
• Excellent written and oral communication; attention to detail.
• Proficiency in Microsoft Office and related tools.

Responsibilities

• Complete regulatory compliance monitoring and testing assignments per department standards.
• Communicate results to management clearly and promptly.
• Follow up on corrective actions for regulatory findings.

Skills

Communication

Detail oriented

Independent work

Team collaboration

Banking compliance

Microsoft Office

Education

Bachelor's degree or compliance-related certification

Tools

GRC/audit software

Job 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.

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.

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.

Essential Responsibilities:

• 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.

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.