Deposit Compliance Lead: CMS & Policy

BankFirst Financial Services; Tupelo (MS); On-site; USD 75,000 - 95,000; Full time

Job summary

BankFirst Financial Services in Tupelo, MS, is seeking a Deposit Compliance Officer I to support the Director of Compliance in developing and maintaining the bank’s enterprise Compliance Management System (CMS) with a focus on retail and deposit operations.

The role involves monitoring regulatory compliance, reviewing marketing collateral and deposit-related complaints, and ensuring policies align with federal mandates. Collaboration with Retail, Operations, Marketing, and IT is essential.

Qualifications

• In-depth knowledge of deposit regulations (Reg E, Reg CC, Reg DD, Privacy, UDAAP).
• Strong analytical skills to identify operational risks in a retail environment.
• Excellent communication skills to translate complex regs into staff instructions.

Responsibilities

• CMS & Policy Support: help build and refine deposit components of the CMS and draft policies for Reg E, Reg CC, Reg DD and Privacy.
• Marketing Oversight: review deposit-related advertisements and track compliance of marketing efforts.
• Monitoring & Reporting: execute deposit monitoring, perform transaction testing, prepare draft reports for Compliance Committee.
• Compliant Process Assistance: guide retail/operations on compliant workflows and respond to complaints.
• Training & Research: create training materials and stay updated on FDIC, CFPB, and Federal Reserve updates.

Skills

Deposit regulations knowledge

Analytical skills

Communication skills

Tools

Ncontracts

Kadince

Jack Henry Retail Systems

Job description

BankFirst Financial Services in Tupelo, MS, is seeking a Deposit Compliance Officer I to support the Director of Compliance in developing and maintaining the bank’s enterprise Compliance Management System (CMS) with a focus on retail and deposit operations.

The role involves monitoring regulatory compliance, reviewing marketing collateral and deposit-related complaints, and ensuring policies align with federal mandates. Collaboration with Retail, Operations, Marketing, and IT is essential.