Compliance Risk Specialist

4 weeks ago


Irvine, California, United States CommerceWest Bank Full time
Job Description

At CommerceWest Bank, we are seeking a highly skilled Compliance Analyst to support our BSA & Compliance Officer in implementing and maintaining our compliance program. The ideal candidate will have a strong understanding of banking regulations, including AML, BSA, KYC, and CFPB regulations.

Key Responsibilities:

  • Monitor and analyze regulatory changes, industry trends, and internal policies to assess their impact on our operations.
  • Evaluate our compliance with applicable laws, regulations, and internal policies through periodic reviews and assessments.
  • Assist in the preparation and submission of compliance reports to senior management and regulatory authorities.
  • Conduct risk assessments to identify potential compliance risks associated with our activities, products, and services.
  • Collaborate with the BSA & Compliance Officer and management to develop strategies and controls to mitigate identified risks.

Requirements:

  • Bachelor's degree in business administration or related field preferred.
  • Knowledge of banking regulations, such as AML, BSA, KYC, and CFPB regulations.
  • Experience working in a compliance or risk management role within the banking industry or a financial institution is preferred.
  • Familiarity with compliance frameworks, risk assessment methodologies, and internal control systems.
  • Strong analytical skills, with the ability to interpret and apply regulatory requirements to practical solutions.
  • Excellent attention to detail and the ability to interpret and apply regulatory requirements to practical solutions.
  • Strong communication skills, both written and verbal, to effectively communicate compliance requirements and recommendations.
  • Proficiency in using compliance software and tools to assist in monitoring and reporting.
  • Ability to work independently, manage multiple priorities, and meet deadlines.
  • Ethical conduct and commitment to maintaining the highest standards of integrity and professionalism.

About CommerceWest Bank:

We are a dynamic team of professionals dedicated to providing a complete, safe, and sound banking experience for each client. We work to accommodate our clients, rather than force our clients to accommodate us. By employing a strategically selected team of experienced professionals, we carefully shepherd the assets with which we are entrusted.



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