Deposit Compliance Officer

BankFirst Financial Services; Madison (MS); On-site; USD 70,000 - 100,000; Full time

Job summary

BankFirst Financial Services is seeking a Deposit Compliance Officer I to support the Director of Compliance in developing, implementing, and maintaining the CMS focused on retail and deposit operations. The role collaborates with Retail, Operations, Marketing, and IT to ensure policies align with federal mandates and to monitor compliance across the enterprise.

The position involves reviewing deposit-related advertisements, conducting monitoring and reporting, guiding compliant workflows, and

Qualifications

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

Responsibilities

• CMS & Policy Support: Assist in building and enhancing deposit CMS; draft and refine policies for Reg E, Reg CC, Reg DD, and Privacy.
• Marketing Oversight: Review deposit-related ads and promotions for compliance with UDAAP and fair treatment standards.
• Monitoring & Reporting: Execute the deposit monitoring schedule; prepare drafts for the Compliance Committee.
• Compliant Process Assistance: Guide retail and operations on compliant workflows and handling complaints.
• Training & Research: Create deposit compliance training materials and monitor regulatory updates from FDIC, CFPB, and Federal Reserve.

Skills

Deposit regulations knowledge

Analytical skills

Communication skills

Tools

Ncontracts

Kadince

Jack Henry Retail Systems

Job description

The Deposit Compliance Officer I supports the Director of Compliance in developing, implementing, and maintaining the bank’s enterprise-wide Compliance Management System (CMS) with a specific focus on retail and deposit operations. This position plays a foundational role in monitoring regulatory compliance, reviewing marketing collateral, reviewing retail related complaints, and ensuring that deposit policies and procedures align with federal mandates. This role requires frequent collaboration with Retail, Operations, Marketing, and IT.

DUTIES OF POSITION

• CMS & Policy Support: Assist the Director in building and enhancing deposit-related components of the CMS. Lead the drafting and refinement of policies and procedures for Reg E, Reg DD, Reg CC, and Privacy.

Marketing Oversight

Serve as the primary reviewer for all deposit-related advertisements and promotions. Assist with the tracking and reporting of marketing efforts to ensure compliance with UDAAP and fair treatment standards.

Monitoring & Reporting

Execute the deposit monitoring schedule, including transaction testing and disclosure reviews. Prepare draft reports and summaries for the Compliance Committee.

Compliant Process Assistance

Provide guidance to retail and operations teams on implementing compliant workflows and resolving consumer complaints. Assist the Director of Compliance with reviewing and responding to deposit / retail related complaints.

Training & Research

Assist with creating deposit compliance training materials and job aids. Stay informed of regulatory updates from the FDIC, CFPB, and Federal Reserve.

EDUCATION/ EXPERIENCE/ SKILLS

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

Minimum Qualifications

• Required: Five (5) years of banking experience.
• Required: Two (2) years of compliance-related experience; Two (2) years of deposit experience (Deposit Ops, Retail, etc).
• Preferred: Experience with compliance management software (Ncontracts, Kadince, etc.) and Jack Henry Retail Systems.

BankFirst is an EO employer- M/F/Veteran/Disability