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