Senior Compliance Specialist

First Carolina Bank in; Rocky Mount (NC); On-site; USD 60,000 - 90,000; Full time

Job summary

A leading bank seeks a Senior Compliance Specialist to ensure all consumer regulatory requirements are met, support risk management strategies, and assist with audits and compliance training. This role involves monitoring regulatory changes and delivering effective training to ensure adherence to laws such as the Bank Secrecy Act.

Qualifications

• 2 years' experience in banking or financial services preferred.
• Strong knowledge of FDIC requirements and applicable regulations.
• CRCM Certification is beneficial.

Responsibilities

• Support the design and conduct of annual risk assessments.
• Monitor compliance with various FDIC regulations.
• Evaluate staffing capacity within the compliance division.

Skills

Communication

Detail-oriented

Education

Bachelor's degree in business, finance, accounting, or related field

Job description

Senior Compliance Specialist (Project Management)

Position Purpose:

- This position works with a team of compliance specialists to ensure all consumer regulatory requirements are met by our partners.

- Assist with the complaint process for the bank and its business partners, including monitoring service level requirements, researching, resolving, documenting, and responding to FDIC, customer, and partner bank inquiries when applicable.

Primary Responsibilities:

1. Support the design and conduct of an annual risk assessment to identify potential threats to the bank and business partners.
2. Perform testing and monitoring of applicable FDIC regulations such as Reg E, Reg CC, Reg DD, Reg P, FACTA Red Flags, Privacy, UDAAP, and others, including board reporting, policies, and procedures.
3. Ensure bank and partner policies and procedures are updated in a timely manner.
4. Support due diligence on third-party vendors, including new partners and periodic reviews of existing vendors.
5. Perform ongoing reviews of marketing communications and website content.
6. Evaluate staffing capacity within the compliance division.
7. Participate in weekly calls with counterparts.
8. Assist in audits or exams, including those involving third-party oversight.
9. Review and update training content to ensure compliance and completion rates; keep standard operating procedures current and adequate.
10. Review annually for regulatory changes, including Department of Education requirements.
11. Ensure compliance with privacy regulations such as GLBA and CCPA.
12. Recommend and assist with departmental procedure updates and peer training.
13. Support new peer training on departmental processes and procedures.
14. Perform other duties as needed.

Authority, Impact, Risk:

- Reputational and financial risks due to non-compliance.

- Risks from staff misunderstanding or non-compliance due to inadequate training or policies.

Key Relationships:

- Interaction with department staff, senior management, internal auditors, regulators, and impacted stakeholders.

Managerial Accountability:

- Provide influential leadership to peers, especially when management is unavailable.

Working Conditions:

• Ability to prepare concise reports and deliver information confidently.
• Manage time effectively to meet multiple deadlines and schedules.
• Deliver regulatory training clearly and effectively.
• Analyze and communicate reports accurately.
• Work efficiently in a fast-paced environment.

Time Allocation:

- Based on self-assessments, audits, complaint volumes, and regulatory schedules.

Job Specifications:

- Maintain confidentiality, adhere to ethics, and stay informed on relevant laws such as the Bank Secrecy Act.

Required:

• Bachelor's degree in business, finance, accounting, or related field, or 2 years' experience in banking or financial services.
• Knowledge of FDIC requirements and applicable regulations.
• Strong communication skills.
• Detail-oriented.

Preferred:

• Banking or regulatory experience.
• Understanding of risk and control impacts from monitoring results.
• CRCM Certification.

Risk Management Requirements:

- Follow policies on confidentiality, privacy, and information security.

- Comply with AML, BSA, and USA PATRIOT Act regulations, completing required training within deadlines.

- Follow processes to protect shareholder interests and mitigate risks.

Equal Opportunity Employer including Veterans/Disabilities