Risk and Compliance Support Specialist

Renasant Bank; Rock Island (IL); On-site; USD 55,000 - 68,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Flexible Spending Account

Dependent Care FSA

Health Savings Account

Group Life Insurance/AD&D/LTD

Voluntary Life Insurance

Supplemental Disability Plans

401(K) Plan

Employee Assistance Program

Tobacco Cessation Program

Family Medical Leave

Paid Leave Accruals

Holiday Pay

Employee Savings Plan

Employee Checking

Job summary

Republic Business Credit is seeking a Risk and Compliance Support Specialist to ensure risk management and compliance standards are met. You will maintain due diligence, SOX reporting, and client reviews while coordinating with Risk, Underwriting and Legal teams.

The role emphasizes data integrity in Podio, timely filings, and collaboration with the Client Services team to support risk management and compliance processes.

Qualifications

• High school diploma or equivalent required; Bachelor’s degree preferred.
• 1 year of related experience minimum.
• Strong analytical and problem-solving abilities with attention to detail.
• Good communication, organization, and interpersonal skills.
• Ability to work independently and in a team.
• Advanced Excel skills; proficiency in MS Office required.
• Understanding of corporate financial statements and credit reporting preferred.

Responsibilities

• Set up new clients in Podio with Risk, Underwriting and Legal Management teams.
• Review and maintain ongoing due diligence and reporting; report notable items to risk and client services teams.
• Record and maintain due diligence results, background checks, and credit reporting.
• Maintain the Lien Tracking and UCC applications; ensure filings are current.
• Maintain Client Compliance Schedule and timely financial statement submissions.
• Monitor and report upcoming financial packages and overdue items.
• Assist in gathering client information and completing client reviews.
• Record completed client reviews and maintain review schedules.

Skills

Analytical skills

Problem-solving

Communication

Organization

Interpersonal skills

Microsoft Excel

Multitasking

Credit reporting basics

Education

Bachelor's degree preferred

High school diploma or equivalent

Tools

Microsoft Office

Job description

Employer: Republic Business Credit, a subsidiary of Renasant Bank

This position serves Republic Business Credit which is a subsidiary of Renasant Bank. The Risk and Compliance Support Specialist will ensure risk management and compliance requirements are being met and the data relating to such requirements is being properly maintained and reported. This role will ensure client reviews, UCC’s and due diligence is completed timely, and client reporting requirements are satisfied, organized and reviewed as required. The Risk and Compliance Support Specialist will facilitate the timely turn‑around and maintenance of the various due diligence, Sarbanes‑Oxley (“SOX”), compliance and exception reporting, as required. Each of the foregoing is to be done in compliance with the Credit Policy and How To Guide (collectively, the “Credit Standards”).

REPUBLIC BUSINESS CREDIT AND RENASANT BANK ARE EQUAL OPPORTUNITY EMPLOYERS

Responsibilities

• Complete new client set-ups in Podio of various applications, in coordination with the Risk, Underwriting and Legal Management teams
• Review, report and maintain existing client ongoing due diligence and search results, including Taxguard, CSC Debtor Tracking, etc. and report notable items to Risk and Compliance Administrator, Chief Risk Officer and the respective Client Services team
• Record and maintain incoming due diligence search results (UCC, tax lien, judgment lien, bankruptcy, etc.), background checks and credit reporting, as required
• Maintain the Lien Tracking Spreadsheet for each existing client
• Maintain the UCC app, in coordination with the Legal Management team, to ensure priority security interests are maintained and UCC filings are continued, amended and terminated, as needed
• Together with the Client Services team, ensure the maintenance of the Client Compliance Schedule, including submission of client financial statements, A/R agings, A/P agings, and any additional reporting identified by Client Services team or Credit Committee as being required for review on a routine basis
• Report to the Risk Management team and respective Client Services team of upcoming financial packages becoming due and any financial packages, whether whole or in part, not received in a timely fashion, in accordance with the Client Compliance Schedule
• Assist in gathering client information, due diligence results and credit reporting necessary to complete Client Reviews
• Record reviewed/completed Client Reviews and maintain the Client Review schedule, ensuring past due Client Reviews are being reported to the Risk Management team and respective Client Services team
• Maintain Client Visit schedule and ensure past due Client Visits are reported to the Risk Management Team and respect Client Services team
• Assist the Risk and Compliance Administrator and Chief Risk Officer in maintaining data reported in the Risk Review Report
• Support the Risk Management team in monitoring and maintaining the Third Party Management app for the vendors under its purview and ensuring the vendor contracts are reviewed and submitted for approval in a timely fashion
• Support the Risk Management team as needed, including but not limited to compiling data and assisting in completing internal reporting and maintenance of all Podio records, risk management processes and compliance reporting, including facilitating RBC’s submission to Renasant Bank (“RNST” or the “Bank”) of timely Exception, Risk Rating, Risk Monitoring, SOX compliance reporting and other audit reporting, as needed
• Perform other related duties as assigned

Qualifications

• High school diploma or equivalent required, Bachelor’s degree is preferred
• Minimum of one (1) year of job related experience
• Strong analytical skills and problem-solving abilities with a keen attention to detail
• Communication, organizational and interpersonal skills
• Ability to work independently and yet collaborate in a team environment
• Advanced competency in Microsoft Office, particularly Excel
• Ability to handle multiple priorities simultaneously
• Basic understanding of corporate financial statements and credit reporting is preferred

Benefits

• Medical
• Dental
• Vision
• Flexible Spending Account
• Dependent Care Flexible Spending Account
• Health Savings Account
• Group Life Insurance/AD&D/LTD
• Voluntary Life Insurance (Term and Whole)
• Supplemental Disability Plans
• 401(K) Plan
• Employee Assistance Program
• Tobacco Cessation Program
• Family Medical Leave
• Paid Leave Accruals
• Holiday Pay
• Employee Savings Plan
• Employee Checking

The hourly compensation rate for this role equates to an annual base salary ranging from $55,000-$67,500. Pay is based on several factors including but not limited to, market location and may vary depending on job related knowledge, skills, education/training, and a candidate's work experience.

Physical Demands

The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to walk. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus.

Work Environment

The Bank’s professional working environment requires employees to communicate effectively, both verbally and in writing. Employees must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Employees may be exposed to confidential and propriety information within the working environment, therefore, must uphold confidentiality at all times. Due to the possibility of being exposed to high-risk situations (i.e. theft, fraud), detailed instructions and procedures are required to be followed at all times to safeguard Republic Business Credit’s employees, customers, and assets.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. The principal duties and responsibilities enumerated are all essential job functions except for those that begin with the word “May”.

This job description is intended to describe the normal level of work required by the person performing the work. The principle duties outlined are the essential responsibilities and duties. Other duties may be assigned as needs arise. Job requirements and/or processes may be modified to reasonably accommodate persons with a disability as required by law.

This description is not intended as a contract and is subject to change. Any written contractual agreements supersede this job description.