Compliance Associate

Summary
Primary responsibility is to assist the Compliance Officer in completing the compliance monitoring program objectives. This includes maintaining compliance related files, performing required testing, and sending required communications.

Essential Functions

• Perform general compliance duties and monitoring of programs in place to ensure compliance with bank policies and procedures, applicable laws, regulations, and rules governing operations and product offerings.
• Execute and document compliance reviews as dictated by the Compliance Schedule and Compliance Risk Assessment. This includes but is not limited to:
• Assist in planning and developing compliance review procedures as needed. This involves creating guidelines and processes to ensure the bank's adherence to regulations and internal policies.
• Verify and document compliance with bank policies and procedures, and applicable laws and regulations.
• Perform adequate testing of internal controls to ensure operational effectiveness, accuracy of information, test and analyze transactions and activities for compliance.
• Maintain detailed work papers to support and document compliance reviews and conclusions.
• Prepare review results, including identifying exceptions and recommendations, for Compliance Officer review.
• Regularly review outstanding findings, report results, and update the open exceptions log as applicable for Compliance Officer review.
• Adhere to scheduled review deadlines and communicate potential delays, budgeted time overruns, or other issues to the Compliance Officer as needed.
• Conduct research on compliance related issues and provide recommendations.
• Assist with preparation of quarterly compliance reports.
• Assist with preparation of compliance related risk assessments.
• Assist with necessary regulatory filings as needed (for example branch applications, examination responses)
• Provide support during regulatory examinations and external audits by gathering documentation, formatting documents, compiling responses, relaying requests, and monitoring of outstanding items.
• Organize and maintain confidential documentation and information.
• Perform data extracts and perform data analytics as requested using internally available tools (e.g., Cognos, Excel, Power Query, etc.)
• Organize and maintain confidential documentation.
• Assemble compliance material for board meetings, committee meetings, training, etc.
• Complete required bank training and compliance related training as assigned.
• Coordinates various team meetings via outlook, prepares necessary materials, logistical arrangements, and coordinates with all stakeholders.
• Assist with general administrative duties as needed.
• Perform other duties and special projects as assigned.

Required Education, Experience, Skills

• Bachelor's degree with a major in accounting, finance, or other business administration major.
• Minimum of 3+ years of banking, compliance, audit experience or combination of relevant education and experience.
• Must be able to maintain confidentiality in sensitive bank matters.
• Banking experience preferred.
• Ability to read and understand regulations, laws, regulatory guidance, and examination reports and other written material of a technical nature and apply them to the compliance program.
• Ability to create electronic databases and analyze, cross-reference, and/or manipulate data (e.g., sort, pivot, filter, subtotal, extract, convert, vlookups, etc.) mostly but not limited to Excel.
• Keep abreast of regulatory changes.
• Ability to work with other bank departments' personnel in a professional and objective manner.
• Proven ability to effectively communicate at all levels, both verbally and in writing.
• Strong writing and documentation skills to effectively communicate review results.
• Strong computer skills a must, to include but not limited to Excel, Word, Outlook, and data analytics tools.
• Ability to multi-task, organize work, set priorities, and meet deadlines is critical.
• Effective analytical, critical thinking, and problem-solving skills.

Equipment Used

• Standard office equipment such as computers, phones, and photocopiers.

Supervisory Responsibility

• N/A

Working Conditions/Physical Requirements

• Office setting.

To be considered, employees must meet the minimum requirements listed above and have completed six months continuous service in their current position. If you wish to be considered for this position please complete an internal application and forward to Human Resources no later than the last day to apply given above. You will be contacted for an interview.

WestStar is an Equal Opportunity Employer and does not discriminate on the basis of any protected trait, including gender, race, ethnicity, disability, or veteran status.