Deposit Compliance Officer

BankFirst Financial Services; Tuscaloosa (AL); On-site; USD 65,000 - 85,000; Full time

Job summary

BankFirst Financial Services seeks a Deposit Compliance Officer I to support the Director of Compliance in building and maintaining the enterprise CMS for retail and deposit operations. This role requires five years of banking experience and at least two years in compliance and deposit operations, with ongoing training on FDIC/CFPB updates.

You will review marketing for deposits, monitor compliance, and collaborate across Retail, Operations, Marketing, and IT to ensure policy alignment with

Qualifications

• Five years of banking experience.
• Two years of compliance experience; Two years of deposit experience.
• Knowledge of Reg E, Reg CC, Reg DD, Reg Privacy and UDAAP.
• Strong analytical and communication skills.

Responsibilities

• CMS & Policy support for deposit components; Draft and refine policies for Reg E, Reg CC, Reg DD and Privacy.
• Review deposit-related advertisements and promotions for compliance with UDAAP and fair treatment standards.
• Execute the deposit monitoring schedule; perform transaction testing and disclosure reviews; prepare draft reports for the Compliance Committee.
• Provide guidance to retail and operations on compliant workflows and responding to deposit/retail complaints.
• Create deposit compliance training materials and stay informed of regulatory updates from the FDIC, CFPB, and Federal Reserve.

Skills

Analytical skills

Communication skills

Deposit regulations knowledge

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