Compliance Specialist

SUMMARY

This position is responsible for assisting the Compliance Department in ensuring that the Bank establishes and maintains an effective Compliance Program. The Compliance Specialist will conduct scheduled and event-driven testing of regulations.  The Compliance Specialist will prepare workpapers by compiling and then analyzing the information applicable to each review.  The specialist will offer recommendations and communicate any findings to management (both verbally and in writing). The Compliance Specialist will also provide administrative support by helping to test and implement systems and procedures. 

MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)

• Support the annual testing plan which identifies regulations and areas of the Bank to be tested. 
• Interacts with process owners and lines of business to provide compliance support and resolution to testing and/or risk findings.
• Communicates with enterprise compliance contacts.
• Assist with validating prior compliance findings to confirm they have been addressed in order to close.
• Completes scheduled and ad hoc reports for Bank management on compliance issues.
• Reviews procedures in the business line to ensure compliance with applicable laws and regulations.
• Monitor new and proposed regulations.
• Develops broad-based knowledge of banking with a focus on assigned business lines.
• Advises on training and education on compliance topics as necessary.

ADDITIONAL DUTIES AND RESPONSIBILITIES

• Performs other duties as requested by Executive Management or Supervisor.
• Completes all required compliance exams on a yearly basis.
• Adherence to all First United Policies and Procedures.
• Dresses professionally.
• Recommends to supervisor possible methods to improve department.

EMPLOYEE SPECIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Work Experience

• Bachelor’s degree or equivalent job-related experience.
• Prefer compliance-related experience as an auditor or file reviewer.

Technical/Functional Competencies

• Ability to communicate well, including written, verbal, and non-verbal communication.
• Knowledge of regulatory requirements relating to financial services.
• Effective and efficient time management skills
• Microsoft Word, Excel and PowerPoint a plus.
• Candidate should possess the ability to quickly grasp complex rules and guidelines.
• Candidate should enjoy a high-volume and fast-paced environment.
• Candidate should possess strong analytical skills and be attentive to detail.
• Strong organizational skills and the ability to multi-task.
• Candidate should be both self-motivated, and a team player.
• Demonstrates good judgment.
• Willingness to accept additional responsibilities.
• Dependable and adheres to time lines, and schedules, and is able to prioritize tasks.

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned by supervisor to meet the ongoing needs of the organization.

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