Senior Compliance Associate

Description

At First Community Bank, we are committed to making our community, the places where we live and work, a better place each day. With a true focus on “community banking,” employees find that they can make an impact through company-sponsored programs such as paid volunteer time, matching gifts for charitable contributions, and team participation in charitable events. We offer comprehensive benefits including health, vision, and dental insurance, 401(k) plan with employer match, life insurance, and paid vacation days, holidays, and other time off options. With over 60 locations in four states, First Community Bank offers the personal service you would expect from a company that knows your community. We welcome all applicants and look forward to new colleagues joining our community!    

The Senior Compliance Associate performs compliance monitoring, peer workpaper review, aggregation of findings, and dissemination of monitoring reports. Compliance monitoring means review of policies, procedures, and controls developed to ensure that loans, deposits, and operational functions align with state and federal regulatory requirements, including sampling of new loan, deposit, and operational files and records. They assist with the development and implementation of new monitoring programs as necessary and with the implementation of new and/or updated regulations.

Duties and Responsibilities:

Compliance Monitoring

• Perform assigned reviews within prescribed timelines.
• Notify proper parties of identified errors and request corrections as necessary.
• Escalate systemic or pervasive issues to the Compliance Director for review.
• Complete and upload workpapers as prescribed by compliance procedures.

Review and Report

• Perform sampled review of monitoring to ensure that cited findings are accurate.
• Support the Compliance Director by aggregating findings quarterly.
• Disseminate monitoring reports as described in the Compliance Plan quarterly.

Questions and Research

• Research and respond to questions posed by market, operational, and compliance staff.
• Assist compliance staff in researching questions which may require deeper analysis or which may signal changes to policy/procedure and/or controls are necessary.
• Escalate complex questions and/or policy issues to the Compliance Director with recommended course of action for further review and analysis.

Workpaper Program Development

• Perform research as assigned and outline rules relevant to ensuring compliance.
• Draft a workpaper template incorporating rules and procedures/controls to be tested.
• Make edits as requested by the Compliance Director.
• Assist with implementation of new workpaper programs including answering questions related to the review from assigned Compliance Associates.

Rule Implementation

• Perform research as assigned.
• Assist with the development of a timeline and implementation plan.
• Participate with implementation team including attending all required meetings and performing all assigned tasks associated with the implementation plan.

Support Regulatory Examinations and Internal Audits

• Assist Compliance Director with compiling data requested by examination and/or audit teams.
• Respond to questions from examiners and/or auditors related to monitoring assignments.

Compliance Projects

• Participate in projects assigned by the Compliance Director.
• Provide progress updates as requested.
• Complete assigned tasks within prescribed timelines.

Teamwork and Leadership

• Treat others with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; and accept responsibility for own actions.
• Exhibit leadership by example, pursuing high performance and professionalism.
• Support the Compliance Director in the oversight of the Bank’s regulatory compliance programs by providing candid, constructive, and direct feedback.
• Complete training, as assigned, within the expected timeframes.

All employees are expected to support First Community Bank’s mission, vision, and values by exhibiting commitment to the Company Standards of Conduct and executing to the fullest extent possible the duties detailed within this job description.

Requirements

• Bachelor’s degree in Business, Finance, or Accounting and/or the equivalent combination of education and relevant work experience
• Five to seven years of experience with compliance in a bank or financial services environment
• Strong understanding of regulatory compliance.
• CRCM, CAMS, CFIRS, or APRP certifications are desirable
• Effective oral and written communication skills
• Effective organizational and time management skills
• Ability to effectively utilize computer technology with proficiency in software applications utilized by FCB including Jack Henry Silverlake, Encompass, Baker Hill, and the Microsoft Office Suite
• Ability to sit in front of a computer for extended periods of time
• Ability to travel, occasionally overnight

 * The salary range is based on market data associated with the position and where the pay rate falls within the range is commensurate with experience, education, and other qualifications. *