Compliance Risk Analyst chez Merchants Bancorp

Description

The Compliance Risk Analyst supports the organization’s Compliance, BSA and CRA Programs by conducting risk assessments, administering monitoring programs, and tracking, benchmarking and analyzing performance trends in managing compliance risk across the organization.  The successful candidate will have a strong working knowledge of federal and state regulations affecting financial institutions.

After one year as our Compliance Risk Analyst, you will know you were successful if you do the following confidently and independently...

•  Assists in performing and documenting the compliance risk assessment through ongoing identification and assessment of compliance risk and controls by working with cross-functional teams and business units. 
• Completes annual risk-based compliance monitoring schedule developed by the Chief Compliance Officer and Compliance Committee to ensure compliance with federal and state regulations and Merchants’ organization policies, coordinating with risk owners to understand root cause of any identified control deficiencies and providing guidance and recommendations on risk avoidance and mitigation strategies.
• Partners with other team members in analyzing trends and comparing indicators to established risk limits and thresholds to provide timely and actionable information to management and other bank personnel for use in developing, implementing, and improving comprehensive compliance management strategies.
• Continuously demonstrates strong analytical ability to research and interpret regulations and regulatory guidance, industry best practices, and examination procedures and support change management processes. 
• Proficiently executes assignments and activities consistent with established objectives, performance, and timeliness requirements. 

Requirements

What we are looking for...

•  Supports the Chief Compliance Officer (CCO) to ensure the ongoing development, implementation, and administration of all aspects of the Bank’s compliance management system and related Compliance Program. 
• Assists in supporting tracking, reporting and monitoring performance under the Bank’s CRA Strategic Plan, regularly presenting benchmarking reports and analytics.
• Supports compliance team in the review of suspicious activity, watch lists, and monitoring of high risk customers as outlined in the Bank’s BSA/AML/OFAC/Suspicious Activity Policy and applicable compliance management procedures.
• Facilitate, advise and/or conduct risk and control assessments of processes, products, services and projects in conjunction with developing and documenting the compliance assessment within the Bank’s GRC tool, Archer.
• Aids in assessing industry developments, changes in regulations, and emerging compliance trends and technologies to proactively identify and assist in deploying change management strategies to align exposures to the Bank’s risk appetite thresholds.
• Provides assistance in determining the root cause of any noted error and/or consumer complaints, and making timely recommendations to CCO in the development of procedures/controls to be implemented to address any noted deficiencies to ensure effective prevention of recurrence.
• Assists in the development and use of compliance tracking and reporting metrics and provides summary reporting monthly.
• Collaborates with bank personnel to identify training opportunities for sharing best practices to address control gaps and applying fraud prevention standards.
• Serves as a resource for regulatory matters and compliance related initiatives and responds to questions from business units regarding interpretations of regulatory requirements and applicable guidance.
• Supports CCO in preparing for and managing Compliance audits and examinations and tracking any noted exceptions to resolution.
• Maintains and enhances knowledge of regulatory compliance requirements by participating in workshops, webinars, conferences, meetings, and by reading professional literature.

About Merchants

Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.
 

Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016–2022). For more information read the entire article here.