Compliance Analyst

Job Description

Job Description

Description:

ABOUT US:

State Bank of Texas is a privately owned, independent Bank specializing in lending solutions for the hospitality industry. State Bank of Texas is committed to providing personal partnerships with their customers, timely loan decisions, and convenient up to date technology for their customers.

ABOUT THE JOB:

The Compliance Analyst is responsible for conducting compliance risk management activities in support of the Bank’s Compliance Management Program, under the direction of the Chief Compliance Officer. This role provides support in the administration of the Bank’s overall Compliance Management System, including complaint management, advertising and disclosure reviews, and CRA-related activities.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Run reports for routine monitoring and auditing of the bank’s products, services, and assets, and work to ensure compliance with federal and state laws and the bank’s policies.

• Assist with compliance monitoring, testing, and reporting, and help ensure compliance exceptions noted in monitoring reviews, audits, and exams are successfully resolved.

• Support the bank’s compliance with regulatory requirements such as the Bank Secrecy Act (BSA), Community Reinvestment Act (CRA), and Equal Credit Opportunity Act.

• Research industry compliance regulations and policies; analyze and update existing compliance policies and related documentation; develop and maintain a compliance record keeping system.

• Prepare documentation for statutory, internal, and external audits; manage audit queries; and report breaches or deviations from approved procedures per the escalation matrix.

• Assist with CRA/Compliance exam preparation and assist in compliance training events.

• Communicate compliance policies and guidelines to management and designated departments; maintain communication with compliance regulators.

• Assist in guidance and training of front-line banking staff regarding BSA and Compliance matters.

• Aid in the monitoring of applications, systems, and software related to BSA and Compliance functions.

• Monitor and review account activity in identified alerts & cases, and with sufficient research, makes an assessment/recommendation on the proper course of action to management.

• Manage complex cases and review involving multiple relationship accounts and complex ownership structures.

• Complete department-specific projects and assignments delegated by senior management.

• Participate in the review and verify that all CTRs are completed correctly and prepared for final approval and timely submission.

• Review and disposition daily OFAC suspects.

• Assist in the preparation of Suspicious Activity Report (SAR) narrative and complete SAR form for timely submission.

• Review Quality Control findings to determine additional training or monitoring needs.

• Assist in the preparation of internal reporting of Audit, BSA and Compliance related activities, to Senior and Executive Management, and to the Board of Directors.

• Assist in audit management with collection of audit documentation and remediation of findings.

JOB SKILLS AND QUALIFICATIONS:

• Community bank compliance analyst experience required.

• Bachelor’s degree in Business, Finance, or a related field, or at least three to five years of experience working in compliance.

• Sound knowledge of banking laws, regulations, and industry best practices.

• Strong documentation skills with attention to detail in reviewing internal forms, loan records, and reporting files; working knowledge of compliance monitoring tools and risk dashboards.

• Exceptional analytical abilities; effective research and professional networking skills; strong communication and interpersonal skills.

• CRCM (Certified Regulatory Compliance Manager) and Certified Anti-Money Laundering Specialist (CAMS) designation a plus.