Senior Compliance Analyst

Socket.dev; West Warwick (RI); On-site; USD 90,000 - 125,000; Full time

Job summary

Centreville Bank in West Warwick, RI seeks a Senior Compliance Analyst to support the VP of Compliance and oversee regulatory monitoring with a focus on deposit‑related rules. The role requires maintaining current knowledge of applicable regulations and acting as a subject‑matter expert for deposit regulations across the Bank’s lines.

You will train staff on industry standards, assist in policy development, conduct internal monitoring reviews, and communicate changes across the Bank.

Qualifications

• Bachelor’s degree in Finance, Business Administration, or related field or equivalent banking compliance experience.
• CRCM certification preferred.
• Strong understanding of deposit-related regulations.

Responsibilities

• Maintain current knowledge of compliance regulations and bank policies.
• Serve as SME for deposit-related regulations across business lines.
• Perform internal monitoring reviews and report results to risk committees.
• Review disclosures for regulatory compliance.
• Assist in audits and exams with document preparation.
• Oversee the Complaint Management System and communicate regulatory changes.

Skills

Analytical skills

Regulatory knowledge

Verbal and written communication

Multi-tasking in fast-paced env.

Education

Bachelor’s Degree in Finance, Business Administration, or related field

Tools

Ncontracts HMDA

CRA & Fair Lending data software

Encompass

COCC Insight

Microsoft Office Suite

Visio

Job description

Description

The Senior Compliance Analyst supports the VP, Compliance Officer and performs various tasks and monitoring to ensure adherence with the Bank’s Compliance Management System. The Senior Compliance Analyst duties include, but are not limited to, serving as a subject-matter expert for the Bank with an emphasis on deposit-related regulations, training employees on industry standards, assisting in developing policies, evaluating regulatory compliance laws and regulations, and communicating effectively new compliance policy and procedures as needed.

• Maintains current knowledge of all compliance regulations, with a particular emphasis on deposit-related regulations, as well as Bank policies and procedures.
• Serves as a subject matter expert on deposit-related regulations for the Bank’s business lines.
• Conducts internal Monitoring Reviews, Bank-wide, to evaluate internal operational and procedural compliance. Reports results to the Enterprise Risk Committee.
• Periodically reviews deposit and loan disclosures for regulatory compliance.
• Reviews and approves Bank marketing/advertising in accordance with the Bank’s Marketing Initiative Lifecycle approval process.
• Assists with internal compliance audits and exams (document preparation, information gathering, etc.)
• Oversight of the Complaint Management System.
• Keeps abreast of compliance requirements as well as changes/amendments to regulations. Effectively communicates changes across the Bank’s business lines as needed.
• Assists the VP, Compliance Officer in compiling the quarterly Enterprise Risk Management Committee package.

Requirements

• Bachelor’s Degree, in Finance, Business Administration, or related field; or equivalent work experience in banking compliance or specialized coursework in a banking compliance related field. Certified Regulatory Compliance Manager (CRCM) certification is preferred.
• Proven work experience as a compliance analyst with strong understanding of regulatory requirements, more specifically, deposit-related regulations.
• Strong analytical skills, attention to detail, and the ability to communicate complex regulations clearly.
• Familiarity with industry specific regulations.
• Strong verbal and written communication skills, including relationship building skills.
• Capable of working in a fast-paced environment and managing multiple tasks simultaneously.
• Ability to identify compliance issues and develop effective solutions.
• Ability to read, analyze and comprehend government regulations applicable state law and other instruction manuals.
• Ability to work independently and provide supervisors with regular, written and/or verbal updates and feedback, as well as timely communication of obstacles.
• Ability to use various office equipment including the ability to utilize applicable software including Ncontracts HMDA, CRA & Fair Lending data collection and reporting software, Encompass, COCC Insight or similar software and Microsoft Office Suite and Visio.
• Ability to work predominantly in the Bank’s West Warwick, RI Main Office required; however, travel to other Centreville Bank locations may be required.