Compliance Officer I

4 weeks ago


RALEIGH NC US First Citizens Bank Full time

Overview

This position is responsible for executing the Compliance Risk Management Program of the Bank. Maintains knowledge of new and existing laws that impact enterprise payment activities in order to recommend necessary changes to mitigate compliance risk. Serves as an advisor to payment-related business units on regulatory compliance. Reviews business processes, procedures, and activities for risks and inefficiencies. Assists with internal and external audits. Implements new compliance policies, standards and procedures as appropriate. Serves as a liaison between corporate, legal, and business teams to identify and resolve complex issues.

*This position can work remote from anywhere within the United States.

Responsibilities

  • Compliance Improvement - Analyzes external laws and regulations as well as internal processes and systems. Aids the development and revision of policies, procedures, services, products, and systems that support regulatory compliance. Communicates changes to business partners and supports implementation of necessary changes to impacted business areas. May assist special projects or related business initiatives.
  • Business Support - Serves as a liaison between business units, examiners, regulators, auditors, legal and corporate compliance during compliance examinations. Tracks, investigates, and resolves issues which may involve system testing or direct consumer complaints. Recommends process and operational improvements that enhance efficiencies and reduce risk. May provide technical support to business programs, systems, or vendors throughout daily activities.
  • Reporting - Prepares reports for management on results of compliance reviews, legal changes, or new regulations. Conveys the necessary actions to fulfill regulatory requirements and communicates changes amongst work groups.
  • Compliance Expertise - Maintains a strong knowledge of current or changing laws, regulations, requirements, policies, and procedures that affect assigned area of the Bank. Serves as a resource to management and associates on compliance-related matters.
Qualifications

  • Bachelor's Degree and 4 years of experience in Compliance, Legal, Audit, Banking or other related experience OR High School Diploma or GED and 8 years of experience in Compliance, Legal, Audit, Banking or other related experience


Preferred Qualifications
  • Certified Regulatory Compliance Manager (CRCM) Preferred
  • AAP Certification


The base pay for this position is relative to your experience but the range is generally $88,000 to $140,000 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here:
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