Compliance Analyst

Overview

Join our dynamic team as a Compliance Analyst and play a vital role in ensuring our organization adheres to the highest standards of financial and regulatory compliance. In this energetic and fast-paced role, you will be responsible for analyzing, implementing, and monitoring compliance procedures across various financial operations. Your expertise will help safeguard our organization against risks, ensure adherence to industry regulations, and promote a culture of integrity and transparency. This position offers an exciting opportunity to contribute to a forward-thinking company committed to excellence in financial compliance management.

Responsibilities

• Conduct comprehensive regulatory compliance analysis related to banking laws, anti-money laundering (AML), Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and other relevant financial regulations.
• Support internal audits and assist in the development and testing of controls aligned with COSO (Committee of Sponsoring Organizations) frameworks and SOX (Sarbanes-Oxley Act) requirements.
• Monitor and review transactions for fraud prevention, detection, and suspicious activity reporting, ensuring adherence to anti-fraud protocols.
• Assist in the preparation of regulatory reports, ensuring accuracy and timeliness in compliance with industry standards such as GAAP (Generally Accepted Accounting Principles), TILA (Truth in Lending Act), and other financial reporting requirements.
• Analyze data using advanced financial software tools to identify potential risks or compliance gaps within banking operations or financial institutions.
• Collaborate with cross-functional teams to implement effective compliance procedures, including AML procedures, industry-specific regulations, and consumer protection laws.
• Maintain detailed documentation of compliance activities, audit findings, and corrective actions to support ongoing risk management initiatives.

Requirements

• Proven experience in regulatory compliance management within banking or financial services sectors.
• Strong understanding of SOX, COSO frameworks, GAAP, TILA, GAAS (Generally Accepted Auditing Standards), and relevant securities law.
• Knowledge of anti-money laundering (AML), Bank Secrecy Act (BSA), OFAC regulations, and anti-fraud measures.
• Excellent data analysis skills with proficiency in financial software platforms and compliance tools.
• Familiarity with banking risk management practices and financial institution investigations.
• Ability to interpret complex regulatory requirements related to consumer protection laws, fair housing regulations, ACH (Automated Clearing House) transactions, and other industry-specific standards.
• Strong communication skills with the ability to clearly articulate compliance issues and collaborate effectively across departments.

Join us as a Compliance Analyst if you're passionate about maintaining integrity within the financial industry while advancing your career in a vibrant environment dedicated to excellence in regulatory adherence!

Pay: $16.00 - $20.00 per hour

Expected hours: No more than 40.0 per week

Work Location: In person