Compliance Specialist III

Job Title: Compliance Specialist III

Job Location: Brookpark, OH, USA, Hybrid (Three days a week in the office and two days remote).

Salary: $90000-$95,000 USD

Job Summary

The Compliance Specialist III will 

• Assist in the development and administration of the Bank's compliance program and evaluate its effectiveness.
• Review internal controls and adherence to consumer laws and regulations. Perform testing at appropriated intervals for compliance with applicable laws and regulations
• Perform testing at appropriated intervals the adequacy of policies, procedures and controls intended to prevent and detect violations. 

In administering the compliance program, ensures that:

• Bank departments are monitored at appropriate intervals for compliance with applicable laws and regulations and adequacy of internal controls designed to prevent and detect violations of laws and regulations.
• Written reports summarizing the adherence with consumer compliance laws and regulations are comprehensive, accurate, and demonstrate strong written communication skill.
• Written reports are reported to the Bank's Compliance Officer and affected management personnel.
• Corrective action is implemented as appropriate.

• Perform appropriate research to provide sound, well-reasoned compliance advice and support in the interpretation of regulations and the Banks policies and procedures.
• Disseminate information on matters affecting regulatory compliance, including consultation with management and teammates on compliance-related issues.
• Maintain knowledge of consumer compliance regulations and monitor regulatory revisions; ensure that summaries of all revisions are forwarded to Compliance Officer.
• Assist in reviewing the Banks policies and procedures based on regulatory changes, internal audits, and examinations by regulatory agencies.
• Ensure that all new Bank products are in compliance with applicable laws and regulations.
• Communicate with the Compliance Officer for inclusion in compliance risk assessments.
• Assist in the development and deployment of appropriate training and oversight programs with respect to Compliance laws to all employees and the Board of Directors.
• Assist in the creation, design, development and implementation of a technology based compliance solutions for bank operations.
• Review and approve compliance and business documents prior to implementation in coordination with the Compliance Officer.
• Participate in internal audit and regulatory examinations; ensure findings are addressed and corrected in a timely manner.
• Develop tools and procedures to ensure adequate monitoring processes are established to ensure compliance with all applicable regulations, including regulatory revisions in coordination with the Compliance Officer.
• Attend various project and committee meetings to provide the compliance perspective on issues discussed.
• Ensure that Compliance Department policies and procedures are revised as necessary.

Qualifications & Experience

• Credit card consumer compliance experience. 
• Regulatory compliance experience. 
• Familiar with banking regulations.
• Fully knowledgeable with applicable consumer compliance laws and regulations, to provide sound, well-reasoned regulatory compliance advice and support.
• Ability to interpret new and existing state and federal laws and banking regulations (e.g. CCARDA, BSA/AML, TILA, FCRA, ECOA, etc.)

Benefits

• 10% Annual Bonus on top of salary
  
• Other Benefits will be discussed at the interview