Compliance Analyst Job Description

Compliance Analyst Job Description Template

Our company is looking for a Compliance Analyst to join our team.

Responsibilities:

  • Understanding of health insurance and different medical plans;
  • Complete other functions as needed;
  • Perform compliance reviews for all Platforms focused on the following areas;
  • Processing and communication to our bank partner in response to letters of indemnity;
  • Enhanced due diligence for end users, “know your customer” reviews;
  • UAR (unusual activity reports) review and reporting to bank partners;
  • Help craft detailed written requirements for program elements and reports to be conveyed to programmers and technology staff;
  • Responsible for monitoring ACH Activity: transactions, returns and trend analysis – strong understanding of Reg E is preferred;
  • Assist with independent third party audits (BSA, ACH, SOC, PCI), including;
  • Reviews of queued transactions, for manual decisioning (cancel, return, settle);
  • Other duties as assigned;
  • Respond to regulatory requests;
  • Perform regular information privacy risk assessments and audits. Assist in responding to regulatory inquiries, reviews, and audits;
  • May respond to inquiries and/or provide assistance and/or guidance to lower level workers;
  • Participate in any and all reasonable work activities as may be deemed suitable and assigned by management.

Requirements:

  • Data entry experience;
  • Must be proficient in Microsoft applications;
  • An in-depth understanding of financial services, AML concepts and issues, in particular AML regulatory standards;
  • Strong investigative, processing and analytical skills;
  • Prior experience with reporting for OATS, ACT, and CAT is a plus;
  • 3-5 years experience with the SEC, FINRA, an exchange, and/or a broker-dealer preferred;
  • Knowledge of programming and/or query languages is a plus;
  • Experience with assessing requirements, developing and implementing compliance solutions;
  • Demonstrated proficiency with Microsoft Windows;
  • Experience preparing regular reports (daily, monthly, yearly) for a department or organization;
  • Requires prolonged sitting;
  • Demonstrated proficiency with Linux;
  • Monitor and research licensing requirements;
  • Knack for analyzing data ensuring a better understanding of the big picture (I.e. what is and what is not working for our customers);
  • Collecting and analyzing complex data, evaluating information and drawing logical conclusions.