Lead Compliance Analyst

Federal Home Loan Bank of Des Moines; Des Moines (IA); Hybrid; USD 97,000 - 114,000; Full time

Benefits offered by this job

11 paid holidays

5 weeks PTO

Hybrid work schedule

401(k) match + employer contribution

Job summary

Federal Home Loan Bank of Des Moines seeks a Lead Compliance Analyst to drive the Bank's Compliance Risk Management Program, monitor regulatory developments, and coordinate governance across units. You will lead change management, risk assessments, and annual PMOS assessments, while guiding teams on regulatory interpretations and internal controls.

You will develop training, oversee reporting, and manage remediation efforts.

Qualifications

• Bachelor’s degree in business-related field or equivalent experience.
• 5+ years of banking regulations or compliance experience.
• Excellent interpersonal, written, and verbal communication skills.
• Ability to manage multiple priorities and adapt to changing regulatory and business environments.
• Strong analytical, prioritization, research, organizational, and problem-solving skills.
• Ability to research, interpret, and assess regulatory requirements and business impacts.
• Strong attention to detail with a risk-minded approach and critical thinking skills.
• Ability to build relationships and effectively collaborate with individuals at all levels of the organization.
• Proficient with MS Office products.
• Proficient experience with Governance, Risk, and Compliance platforms.
• Preferred Qualifications: Certified Regulatory Compliance Manager
• BSA/AML certification

Responsibilities

• Lead maintenance, implementation and continuous improvement of the Bank’s Compliance Risk Management Program.
• Lead compliance monitoring, risk assessments and oversight for regulatory adherence.
• Lead Regulatory Change Management Process and gaps analyses with business units.
• Lead annual compliance assessment over PMOS.
• Ensure and review compliance of new member applications.
• Develop and deliver a compliance training program.
• Track and coordinate regulatory and third-party reporting obligations.
• Develop, maintain, and implement Compliance Risk Management policies and procedures.
• Oversee remediation plans from monitoring, audits and reviews.
• Lead the annual Compliance Risk and Control Self-Assessment.
• Produce compliance risk reporting to management and Board.
• Serve as compliance SME and guide colleagues across business units.
• Maintain relationships across the Bank to ensure compliance responsibilities.
• Lead the Banks 1b Program with quarterly meetings and trainings.
• Maintain centralized regulatory requirements and controls inventory.
• Lead compliance-related special projects.
• Attend Bank committees/subcommittees and FHLBank System Compliance meetings.

Skills

Interpersonal skills

Written communication

Verbal communication

Multitasking

Analytical thinking

Problem solving

Attention to detail

Relationship building

Education

Bachelor’s degree in business related field

Tools

MS Office suite

Governance, Risk, and Compliance platforms

Job description

At FHLB Des Moines, we work each day to develop an inclusive culture that supports and leverages the complexity of a diverse workforce. This enables us to effectively serve the needs of our members and help them succeed.

The Lead Compliance Analyst will lead compliance projects and processes, serve as a compliance resource for individuals throughout the Bank, and will be responsible for monitoring regulatory developments. The Lead Compliance Analyst will work independently and collaboratively with the compliance team and other departments as needed.

Accountabilities:

Key Responsibilities:

• Lead efforts for the maintenance, implementation and continuous improvement of the Bank’s Compliance Risk Management Program, including ownership of supporting policies, procedures, standards, and governance documents.
• Lead compliance monitoring, risk assessments and other oversight designed to evaluate adherence to applicable regulatory requirements, internal policies, and established controls. internal governance
• Lead the Bank’s Regulatory Change Management Process, assisting impacted business units with understanding new/changing laws and regulatory expectations to ensure successful compliance implementation. This includes monitoring for new regulatory requirements, coordinating and leading Gap Analyses with affected business units, providing compliance credible challenges around identified compliance activities, gaps, and planned remediation
• Lead annual compliance assessment over the Prudential Management and Operations Standards (PMOS)
• Ensure and review compliance of new member applications
• Assist business units with developing and delivering a compliance training program to ensure employees have the training and support to meet regulatory requirements
• Track and coordinate required regulatory and third-party compliance reporting obligations, ensuring timely completion by responsible business units
• Develop, maintain, and implement Compliance Risk Management policies and procedures
• Oversee remediation plans resulting from compliance monitoring, risk assessments, audits, examinations and other compliance-related reviews to ensure timely and effective resolution
• Lead the annual Compliance Risk and Control Self-Assessment
• Produce accurate, timely, and meaningful compliance risk reporting to management, committees, and the Board
• Serve as a compliance subject matter expert, while providing guidance and assistance to individuals serving in compliance-related roles across various business units regarding regulatory compliance
• Maintain collaborative relationships with individuals throughout the Bank, providing support to the first line, to help ensure they clearly understand their roles and responsibilities for ensuring ongoing compliance
• Lead the Banks 1b Program including quarterly meetings, trainings (as needed) and providing guidance for designated 1b representatives
• Maintain the Bank’s centralized regulatory requirements and controls inventory (regulatory inventory)
• Lead compliance-related special projects
• Attend Bank committees/subcommittees as assigned or necessary for Compliance Risk Management Program responsibilities
• Attend and lead FHLBank System Compliance meetings
• Other compliance projects and work as assigned

Requirements:

• Bachelor’s degree in business related field or equivalent experience
• 5+ years of banking regulations or compliance experience
• Excellent interpersonal, written, and verbal communication skills
• Demonstrated ability to manage multiple priorities and adapt to changing regulatory and business environments
• Strong analytical, prioritization, research, organizational, and problem-solving skills
• Ability to research, interpret, and assess regulatory requirements and business impacts
• Strong attention to detail with a risk-minded approach and critical thinking skills
• Ability to build relationships and effectively collaborate with individuals at all levels of the organization
• Proficient with MS Office products (Excel, Outlook, PowerPoint, and Word)
• Proficient experience with Governance, Risk, and Compliance platforms
• Preferred Qualifications:
• Certified Regulatory Compliance Manager
• BSA/AML certification

Compensation Range:

Annual Salary: $96,962.00 - $114,073.00

This salary range represents the Bank’s good faith and reasonable estimate of possible compensation at the time of hire. Offer to be determined by selected applicant’s education, experience, knowledge, skills & abilities, as well as internal equity and alignment with market data. This role is also eligible to participate in the Bank’s annual incentive plan.

As part of our competitive Total Rewards package, the Bank offers 11 paid holidays, 5 weeks of PTO and a work culture that values work/life balance. Most roles are eligible for our hybrid work schedule. We match 100% of the first 6% you contribute to your 401(k) and provide an additional 4% non-discretionary contribution to your 401(k) at the end of year. More information on our Total Rewards program can be found here.

At FHLB Des Moines, we work to create an inclusive culture. This enables us to effectively serve the needs of our members and help them succeed. FHLB Des Moines is proud to be an Equal Opportunity Employer. We prohibit discrimination on the basis of race, color, religion, sex (including pregnancy, sexual orientation or gender identity), national origin, age, disability, veteran status, genetic information (including family medical history), status as a parent or any other characteristic protected by federal, state or local law.