Regulatory Risk Specialist

4 weeks ago


Auburn Hills, Michigan, United States Oxford Bank Full time
Job Description

At Oxford Bank, we are seeking a highly skilled Regulatory Risk Analyst to join our team. As a key member of our regulatory risk management team, you will be responsible for ensuring the Bank's compliance with financial regulations and managing the risks associated with regulatory requirements.

Key Responsibilities:

  • Monitor the Bank's activities to ensure adherence to all relevant financial regulations and internal policies.
  • Ensure that all areas of the bank remain compliant with applicable regulatory requirements, preventing regulatory breaches and associated penalties.
  • Identify, assess, and analyze regulatory risks across the Bank's products, services, and operations.
  • Deliver accurate and timely risk assessments that inform decision-making processes, ensuring that the Bank is aware of potential regulatory risks.
  • Assist in the development and updating of policies and procedures aimed at mitigating regulatory risks.
  • Prepare regular reports and presentations on the bank's regulatory risk profile, including risk exposure and mitigation efforts, for senior management and regulatory authorities.

Requirements:

  • In-depth knowledge of BSA, loan and deposit laws and regulations, Fair Lending, CRA, Privacy including GLBA, HMDA, TRID, open-end credits, deposit laws including APYs and technical compliance.
  • Strong analytical and decision-making skills.
  • Strong computer skills, including proficiency with Microsoft Office products and Adobe PDF.

Education and Experience:

  • High school diploma required. Bachelor's degree and/or higher education preferred.
  • Minimum of three years' experience working directly with BSA laws and regulations.
  • Willing to initiate BSA/AML certification within six (6) months of hiring or currently working towards certification.

Oxford Bank is an equal opportunity employer and is committed to providing equal employment opportunities and an environment free of discrimination and harassment.



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