Compliance Officer II

Compliance Officer II

This position may be located at First Interstate Bank's offices in Colorado, Idaho, Iowa, Missouri, Montana, Nebraska, Oregon, South Dakota, Washington, and Wyoming.

We know your career is just one aspect of a meaningful, complex, and demanding life. That's why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.

Generous Paid Time Off (PTO) in addition to paid federal holidays.

Student debt employer repayment program.

401(k) retirement plan with a 6% match.

The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve.

We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate.

Summary

The Compliance Officer II is responsible for testing transactions to ensure that the Bank maintains a high level of compliance with consumer protection laws and regulations, anti-discrimination laws and regulations, privacy requirements, and other related procedures across all lines of business. This position plans, conducts, and/or leads moderately complex compliance monitoring projects to identify risks, evaluate the effectiveness of internal controls, and assess compliance with policies, procedures, laws, and regulations. Additionally, this position completes and/or oversees the completion of monitoring projects, and present findings and recommendations for corrective actions to management.

Essential Duties and Responsibilities

• Completes the required compliance training along with any other available training related to regulatory compliance.
• Keeps abreast of significant changes and/or issues impacting the banking industry related to areas of risk and regulatory requirements.
• Assists in the planning of monitoring projects.
• Performs and or oversees transaction monitoring and policy and procedure reviews.
• Performs and/or oversees the performance of monitoring projects to identify risks, evaluate the effectiveness of internal controls, and assess compliance with policies, procedures, laws, and regulations.
• Establishes and maintains open communications with bank employees throughout the monitoring process regarding review of policies and procedures, monitoring review progress, and identification of potential findings and other concerns.
• Prepares concise and well-organized working papers which accurately reflect the results of monitoring performed.
• Reviews work prepared by other team members on assigned projects to ensure sound audit theory and compliance with department and professional standards.
• Conducts exit meetings with department management to discuss monitoring findings and recommends corrective actions to mitigate risk and/or improve processes.
• Supervises and directs other team members on assigned monitoring projects.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Knowledge, Skills and Abilities

• Ability to read, analyze, comprehend, and interpret governmental regulations, technical procedures, general business periodicals, or professional journals.
• Ability to write business correspondence, training programs, and procedure manuals.
• Ability to apply policies and procedures.
• Ability to effectively present information in one-on-one or large group situations to employees of the organization.
• Ability to effectively communicate with supervisor.
• Ability to respond effectively to the most sensitive inquires or complaints.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages.
• Ability to review, analyze and resolve complex problems.
• Ability to apply common sense understanding and make risk-based judgment decisions to carry out day-to-day tasks.

Education and/or Experience

• High School Diploma or General Education Degree (GED) required
• Bachelor's Degree in a relevant area of study preferred
• 1-3 years compliance or quality assurance experience in banking required

Licenses and Certifications

• CRCM - Certified Regulatory Compliance Manager preferred
• CCBCO - Certified Community Bank Compliance Officer preferred

Physical Demands and Working Environment

• Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently
• Sitting - Frequently
• Standing - Occasionally
• Noise Level - Moderate
• Typical Work hours - M-F (8-5)
• Regular and Predictable Attendance - Required

Compensation & Benefits

We offer a competitive total compensation package including base salary and benefits. The anticipated pay range for this position is $61,700 to $95,700 per year (in CO & WA) and depends on a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills and experience, education, and geographic location. Additionally, this role is eligible to receive annual discretionary cash bonuses.

Benefits available for this position include, but are not limited to, medical, dental, vision, short-term and long-term disability benefits and life insurance, flexible spending accounts, health savings account, employee assistance program, 401(k), Paid Time Off (new hires accrue at .069 per hours worked which equates to approximately 18 days per year inclusive of paid sick time) and up to 11 paid Federal holidays.