Compliance Specialist

5 days ago


Chicago, Illinois, United States SNI Financial Full time
Job Summary:

The Compliance Associate plays a vital role in ensuring SNI Financial adheres to regulatory requirements and industry standards. This position is responsible for identifying, measuring, and monitoring compliance risks, as well as collaborating with the team to develop and implement effective compliance programs.

Key Responsibilities:
  • Conduct research on federal and state banking laws and regulations to stay up-to-date on changes and provide guidance to the team.
  • Review and update the bank's policies and procedures to ensure overall compliance.
  • Provide expert advice on emerging compliance issues and risks to management and employees.
  • Assist in developing and implementing compliance programs, policies, and risk assessments to mitigate risks.
  • Conduct internal compliance reviews and monitoring to ensure adherence to regulatory requirements.
  • Develop and facilitate training programs for bank staff on regulatory compliance, including BSA, AML, and CRA & Fair Lending topics.
  • Assist with maintaining a Bank Secrecy, Anti-Money Laundering and Customer Identification Program, policies, and risk assessment as needed.
  • Collaborate with the Compliance Committee and Suspicious Activity Evaluation Committee to ensure effective compliance practices.
  • Assist with scheduling compliance audits and providing results to Executive Management and the Board of Directors.
  • Review advertising copy for accuracy and adherence to regulatory requirements.
  • Coordinate with regulatory agencies for examinations and provide necessary documentation.
Requirements:
  • Associate's degree in business, finance, or a related field.
  • Basic knowledge of regulatory requirements within the banking industry.
Skills and Abilities:
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Ability to prioritize tasks and meet deadlines.
  • Proficient in Microsoft Office suite.

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