Compliance Specialist

Job Description

Job Description

Description :

Job Reporting Relationships

Supervised by : Compliance Officer

Supervises : None

Basic Qualifications

Education / Training : A B.S. or B.A. degree in a related field of study normally required; specialized compliance training.

Skill(s) : Proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communicative skills; thorough knowledge of applicable banking regulations; thorough knowledge of bank products and services; proficient typing and PC skills; visual and auditory skills; valid driver’s license.

Experience : a minimum of two (2) years’ related experience normally required.

General Responsibilities :

Responsible for performing a variety of duties to support the compliance function and Compliance Officer; coordinating work within the department, as well as with other departments; reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information.

Does not have authority to make decisions with respect to hiring, firing, demotions, or significant reassignments.

EQUAL EMPLOYMENT OPPORTUNITY POLICY STATEMENT

It is the policy of the Bank to provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, marital status, genetic predisposition or carrier status, national origin, age, physical or mental disability or status as a Vietnam-Era or special disabled veteran or any other legally protected status in accordance with applicable Federal and New York State laws unless a bona fide occupational qualification applies. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, transfer, leaves of absence, compensation, benefits and training.

Essential Duties

1. Performs a variety of duties to support the compliance function and Compliance Officer of which the following are illustrative :

• a. Performs compliance monitoring procedures for all assigned areas of the Bank, in accordance with the Bank’s compliance monitoring program, to achieve monitoring objectives.
• b. Documents and organizes work in accordance with adequate compliance standards.
• c. Identifies discrepancies between actual practice, documented process, and required regulatory procedures.
• d. Assesses significance of observations and develops appropriate recommendations.
• e. Assists in preparation of detailed reports regarding compliance findings and recommendations.
• f. Assists in presentation of reports and findings to the Risk Management Committee, Senior Management, or the Audit Committee of the Board of Directors or Compliance Committee.
• g. Expands and / or develops technical knowledge in assigned areas.
• h. Performs specific assignments as requested by the Compliance Officer.
• i. Assists in preparing new or revised policies for Board of Director approval.
• j. Assists in analysis of existing policies and procedures and assists in their revision as necessary due to errors or required regulatory revision.
• k. Works with internal and external auditors to assist in review, identification, and correction of noted deficiencies in the compliance programs.
• l. Works with Federal Reserve and Department of Financial Services examiners to provide required documentation and assist management in review, identification, and correction of noted deficiencies in the compliance programs.

2. Coordinates specific work tasks with other personnel within the department as well as with other departments in order to ensure the smooth and efficient flow of information.

3. Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.

4. Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.

5. Reports pertinent information to the immediate supervisor as requested, or according to an established schedule; compiles information as necessary or as directed and provides data to appropriate Bank personnel.

6. Responds to inquiries relating to his / her particular area, or to requests from customers, other Bank personnel, etc., within given time frames and within established policy.

Ancillary Duties

EQUAL EMPLOYMENT OPPORTUNITY POLICY STATEMENT It is the policy of the Bank to provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, marital status, genetic predisposition or carrier status, national origin, age, physical or mental disability or status as a Vietnam-Era or special disabled veteran or any other legally protected status in accordance with applicable Federal and New York State laws unless a bona fide occupational qualification applies. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, transfer, leaves of absence, compensation, benefits and training.

Requirements :