Job Brief
The Bank Compliance Officer ensures adherence to laws and regulations governing financial institutions, with a focus on compliance within financial and real estate transactions. This role requires a strong understanding of regulatory frameworks, risk management practices, and a keen eye for detail. The ideal candidate will have a proven track record in compliance monitoring and reporting, along with excellent analytical and communication skills.
Responsibilities
- Develop, implement, and maintain compliance programs and policies to ensure alignment with regulatory requirements.
- Conduct regular audits and assessments to verify compliance with internal policies and external regulations.
- Examine, verify, and authenticate records related to financial and securities transactions.
- Provide training and guidance to staff on compliance matters and regulatory updates.
- Monitor changes in legislation and assess their impact on the organization’s compliance obligations.
- Prepare and submit compliance reports to senior management and regulatory authorities.
- Investigate compliance breaches and recommend corrective actions as necessary.
- Collaborate with internal departments to address compliance issues and enhance risk management strategies.
Requirements
- Bachelor’s degree in finance, business administration, or a related field; advanced degree or certification preferred.
- Minimum of 3 years of experience in compliance, risk management, or regulatory affairs within the banking industry.
- In-depth knowledge of federal and state banking regulations, anti-money laundering (AML) laws, and consumer protection laws.
- Strong analytical skills with the ability to interpret complex regulatory requirements.
- Excellent verbal and written communication skills to effectively convey compliance-related information.
- Proficiency in compliance management software and Microsoft Office Suite.
- Detail-oriented with strong organizational skills and the ability to manage multiple priorities.
Similar Job Titles
- Compliance Analyst
- Compliance Manager
- Regulatory Compliance Officer
- Risk and Compliance Officer
- AML Compliance Officer
- Financial Compliance Specialist
- Banking Compliance Consultant
- Compliance Risk Manager
