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1st Source Bank · 1 month ago

Compliance Generalist Senior Specialist, Compliance, South Bend, IN

South Bend, Indiana, United States

Full-time

Onsite

Senior Level

5+ years exp

1st Source Bank is a financial institution seeking a Compliance Generalist Senior Specialist. The role involves serving as a key contributor and subject matter expert in banking compliance, conducting risk assessments, monitoring, testing, and reporting to ensure adherence to regulatory requirements.

BankingFinanceFinancial Services

Responsibilities

Effectively communicates with various departments as needed to provide responses to basic compliance inquiries as they relate to the various federal and state banking regulations

Coordinates and conducts compliance risk assessments by scheduling, assigning, and reviewing reports with various Business Units to assess the banks regulatory compliance risks

Reports results of compliance risk assessments to Risk Management area and assists with preparation of final reports including identifying missing risks that lack, controls or mitigation, and recommending action plans as needed

Assists in implementing the Banks compliance monitoring review schedule by performing internal testing and monitoring, and coordinating third-party reviews to ensure adherence to processes, policies, procedures, and regulatory requirements

Reports results of compliance monitoring and reviews to management and assists with preparation of final reports including any required remedial actions

Conducts supplementary testing, monitoring and validation reporting as needed and/or on an ongoing basis

Regular and predictable attendance is an essential requirement of the position

Responsible for the completion of all compliance training related to the position

Must understand and comply with all applicable laws and regulations that apply to the position including reviewing and staying abreast of all associated regulatory changes and their impacts to bank and the banks’ customers

Participates as needed in various committees, internal audits and examinations

Participate in various compliance committees and workgroups for the Bank as deemed relevant

Performs all other duties as assigned

Qualification

Regulatory complianceRisk assessmentsConsumer banking expertiseLending regulations knowledgeCompliance monitoringResearchAnalysisProactive initiativePC proficiencyMicrosoft OfficeCertification in banking complianceCommunication skillsAttention to detailTime managementTeam collaboration

Required

Effectively communicates with various departments as needed to provide responses to basic compliance inquiries as they relate to the various federal and state banking regulations

Coordinates and conducts compliance risk assessments by scheduling, assigning, and reviewing reports with various Business Units to assess the banks regulatory compliance risks

Reports results of compliance monitoring and reviews to management and assists with preparation of final reports including any required remedial actions

Conducts supplementary testing, monitoring and validation reporting as needed and/or on an ongoing basis

Regular and predictable attendance is an essential requirement of the position

Responsible for the completion of all compliance training related to the position

Minimum of five (5) year's of financial institution experience required

Demonstrated ability to perform research and analysis on unfamiliar topics with little direction

Ability to meet deadlines and work with no supervision; must be able to manage time for high productivity and allocate resources to match production needs

Ability to work with a diverse set of colleagues in different business units, subject matters (products and services) and priorities

Highly motivated with the ability to be proactive, take initiative, and carefully monitor, follow through, and completes every project/responsibility in a professional and timely fashion

Strong attention to detail and root cause analysis skills required

Requires proficiency with PC utilization and software (Microsoft Office, Word, Excel, Outlook, PowerPoint, SharePoint, etc.)

Requires strong written and verbal communications skills

Preferred

Minimum of two (2) year's in regulatory compliance preferred

Subject matter expertise in consumer banking and commercial banking is preferred

Basic knowledge of regulations involving deposits and lending including but not limited to: Reg B (ECOA), Reg E (EFTA), Reg DD (TISA), Reg Z (TILA), Reg X (RESPA), Reg C (HMDA), Reg CC, and Reg-H (Flood) is preferred. If knowledge is lacking, must have the ability and willingness to complete additional training in these areas

Prior experience with reviewing, validating and filing annual HMDA LAR preferred

Prior experience in reading, analyzing and summarizing lending regulations preferred

Bachelors' Degree preferred

Certification in banking compliance (ICBA, ABA, CAMS, CFE) preferred