Lead Compliance Analyst

Federal Home Loan Bank of Des Moines; Iowa (LA); Hybrid; USD 91,000 - 108,000; Full time

Benefits offered by this job

11 paid holidays

5 weeks of PTO

Hybrid work schedule

401(k) match with company contribution

Job summary

Federal Home Loan Bank of Des Moines is seeking a Lead Compliance Analyst to drive the design, implementation, and continuous improvement of the Bank’s Compliance Risk Management Program. You will monitor regulatory developments and serve as a resource across the organization to ensure adherence to policies and controls.

The ideal candidate will have a bachelor’s degree in business or related field and 5+ years of banking compliance experience, plus strong communication and analytical skills.

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 collaborate with individuals at all levels of the organization
• Preferred: Certified Regulatory Compliance Manager and BSA/AML certification

Responsibilities

• Lead the maintenance, implementation and continuous improvement of the Bank’s Compliance Risk Management Program, including governance documents.
• Oversee compliance monitoring, risk assessments and oversight of regulatory requirements and internal controls.
• Coordinate and lead regulatory gap analyses with affected business units and provide credible challenges.
• Lead annual compliance assessment over PMOS.
• Ensure and review compliance of new member applications.
• Develop and deliver a compliance training program for employees.
• Track regulatory and third-party reporting obligations and ensure timely completion.
• Produce compliance risk reports to management, committees, and the Board.
• Serve as a compliance SME and guide staff across business units on regulatory requirements.
• Maintain collaborative relationships to support the first line in understanding responsibilities.
• Lead the Banks 1b Program including meetings and trainings for 1b representatives.
• Maintain the centralized regulatory requirements and controls inventory.
• Lead compliance-related special projects and participate in Bank committees as needed.
• Attend and lead FHLBank System Compliance meetings.

Skills

Interpersonal skills

Written communication

Verbal communication

Analytical thinking

Prioritization

Research

Organizational skills

Problem solving

Education

Bachelor's degree in business or related field

Tools

MS Office

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: $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.

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.