Compliance Officer I

Day to day

• Responsible for executing the Compliance Risk Management Program of the Bank
• Maintains knowledge of new and existing laws that impact enterprise payment activities
• Recommends necessary changes to mitigate compliance risk
• Serves as an advisor to payment-related business units on regulatory compliance
• Reviews business processes procedures and activities for risks and inefficiencies
• Assists with internal and external audits
• Implements new compliance policies standards and procedures as appropriate
• Serves as a liaison between corporate legal and business teams to identify and resolve complex issues
• Analyzes external laws and regulations as well as internal processes and systems
• Aids the development and revision of policies procedures services products and systems that support regulatory compliance
• Communicates changes to business partners and supports implementation of necessary changes
• May assist special projects or related business initiatives
• Serves as a liaison between business units examiners regulators auditors legal and corporate compliance during compliance examinations
• Tracks investigates and resolves issues which may involve system testing or direct consumer complaints
• Recommends process and operational improvements that enhance efficiencies and reduce risk
• May provide technical support to business programs systems or vendors throughout daily activities
• Prepares reports for management on results of compliance reviews legal changes or new regulations
• Conveys the necessary actions to fulfill regulatory requirements and communicates changes amongst work groups
• Maintains a strong knowledge of current or changing laws regulations requirements policies and procedures that affect assigned area of the Bank
• Serves as a resource to management and associates on compliance-related matters