Lead Compliance Analyst

FHLB Des Moines; Des Moines, Northern (IA, KY); Hybrid; USD 91,000 - 108,000; Full time

Benefits offered by this job

Hybrid work schedule

PTO 5 weeks

401(k) match

11 paid holidays

Job summary

FHLB Des Moines is seeking a Lead Compliance Analyst to drive the bank's compliance program and regulatory change efforts. You will oversee monitoring, risk assessments, and reporting while guiding cross-functional teams to maintain regulatory adherence.

You will lead annual risk assessments, develop training, and coordinate remediation with business units, ensuring timely and effective compliance across the organization.

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.
• 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 collaborate across levels.

Responsibilities

• Lead maintenance and continuous improvement of the Bank’s Compliance Risk Management Program and governance documents.
• Lead compliance monitoring, risk assessments and oversight of regulatory adherence.
• Lead Regulatory Change Management, coordinate gap analyses and remediation.
• Oversee annual Compliance Risk and Control Self-Assessment.
• Produce compliance risk reporting to management, committees and the Board.
• Provide guidance to individuals in compliance-related roles across business units.
• Support the first line and foster collaborative compliance across the Bank.
• Lead the Banks 1b Program including quarterly meetings and trainings.

Skills

Communication

Analytical

Prioritization

Organization

Problem-solving

Regulatory research

Relationship-building

Education

Bachelor's degree in business related field

Tools

MS Office

GRC 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.

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.
• 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

Compensation Range: Annual Salary: $91,258.00 - $108,369.00. 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.

Equal Opportunity Employer

As 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.

Our Culture

Time and again, our employees say one of the biggest reasons they love working at FHLB Des Moines is the people. That’s why we hire the best people — smart, innovative and collaborative. Employees who help make it a great place to work. Here, employees can be inspired, be valued, be supported, be challenged, and be rewarded.