Hybrid Compliance Specialist at Commonwealth Business Bank

POSITION OVERVIEW:

The Compliance Specialist is responsible for assisting the Compliance department in delivering day-to-day compliance support, administering or back up administrative functions, develop, update, administer, and facilitate online or in-person training, to Bank management and personnel. 

POSITION RESPONSIBILITIES:

• Adhere to the Bank’s established code of business conduct and ethical behavior.
• Maintain confidentiality and promptly report sensitive inquiries or complaints to your manager or supervisor.
• Understand and comply with requirements of Banking laws and regulations, Bank policies, and procedures applicable to this position.
• Adhere to all compliance programs and complete all training courses and tasks assigned on or before their due dates.
• Support branches and departments by performing compliance research and communicating regulatory requirements in a timely and professional manner.
• Maintain and understand the Bank’s online training program, including assigning training courses, monitoring and reporting incomplete training assignments, producing online training reports for management, and training other department personnel in administrative duties.
• Help develop or update compliance classroom and online training materials, with minimal supervision, as and when needed.
• Co-teach, or teach on own, new hire compliance training in an online or in-person format and serve as backup trainer for Service Manager and Loan Officer refresher training as needed.
• Assume duties of overseeing the Bank’s online training portal, with minimal supervision, to ensure courses are updated, assigned, and completed; make recommendations for system and program enhancements, and communicate with the vendor to resolve issues as needed.
• Maintain current compliance, especially CRA and HMDA reporting guidelines, knowledge by keeping abreast of new and changing regulatory requirements, and internal policies, procedures and practices by means of checking various government and non-government regulatory websites and use of bank compliance software programs, and attending conferences, seminars and webinars as applicable.
• Provide administrative support for CRA, such as maintaining CRA Public File, updates to the MS Team channel and CRA software, or other administrative tasks as needed.
• Perform periodic compliance reviews and transactional testing, with moderate supervision, to determine compliance with Banking regulations and laws that affect various departments throughout the Bank.
• Help finalize and upload approved Bank policies, procedures, and compliance-related forms to applicable monitoring system(s) or Bank intranet.
• Maintain and update compliance governance tracking log, compliance monitoring schedule and master training plan with completion dates, with minimal supervision
• Collaborate with the other department meet the bank’s goals and facilitate a professional working environment within the group.
• Active participant with Compliance Team when reviewing new software programs specific to the Compliance department.
• Create or assist in the drafting of new or revised compliance procedures, and forms as needed.
• Assist in gathering documents and preparing for Compliance testing/review/audits, regulatory examinations, and self-assessments.
• Adhere to record retention requirements, and serve in a backup capacity in shipment, retrieval, and destruction of Bank records.
• Be punctual, reliable, and productive during work hours.
• The preceding responsibilities and duties have been provided as examples of the types of work performed by employees in this position. Management reserves the right to add, modify, change, or rescind responsibilities and duties and to make reasonable accommodation as needed.

SKILLS/QUALIFICATIONS

• Good analytical skills, including the ability to define problems, collect data, establish facts, and draw conclusions.
• Ability to interpret a variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Ability to understand and retain a broad knowledge of tasks performed in the operations and lending functions.
• Ability to understand, retain, and educate others in compliance related knowledge.
• Ability to organize and analyze financial information and perform financial calculations.
• Effective written and oral communication skills; ability to communicate successfully and project a professional image when giving and taking information in writing, in person, and over the phone.
• Ability to respond professionally and effectively to the most sensitive inquiries or customer complaints.
• Ability to present a professional image in dealing with external and internal clients.
• Basic computer skills, including the use of Microsoft word/excel/OneNote/PowerPoint, MS Teams, and e-mail.

EDUCATION / EXPERIENCE

• Bachelor’s degree in related field or equivalent experience but not required.
• Minimum three years’ experience in banking, compliance, or other related fields preferred but not required.
• Bilingual in Korean and English is preferred
• General knowledge of operations and lending regulations and banking laws is needed for this position but not required.

We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position within the annual salary range of $45,000 - $60,000. Annual pay ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.

Must be authorized to work in the US.

We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.