Compliance Monitoring Officer
Company: Heritage Bank
Posted on: November 22, 2021
Heritage Bank is seeking a Compliance Monitoring Officer at our
Southern Operations Center in Tacoma, WA. The Compliance Monitoring
Officer is responsible for directing, managing, coordinating and
performing, the compliance monitoring functions for the Bank, and
will work closely with other members of the Compliance Department,
to help identify and remediate regulatory compliance risk controls
throughout the Bank.
The successful candidate will be able to:
Plan, lead, direct, and execute the Bank's Compliance Monitoring
Program, which includes, but is not limited to: the maintenance and
administration of the program, preparing the annual testing
schedule, and developing testing procedures and tools.
Develop, implement, and maintain policies and procedures pertaining
to compliance monitoring.
Engage and oversee third party monitoring partners.
Perform regulatory compliance testing to ensure the effectiveness
of implemented compliance controls and recommend and evaluate
remediation plans that occur as a part of the testing process.
Coordinate all testing and improvement planning with senior and
Attend Management Compliance Committee meetings to report on
results of monitoring activities.
Coordinate testing efforts with the line of business, Internal
Audit and Risk Management within the Bank to share information and
otherwise advance the established control processes designed to
meet regulatory requirements.
Monitor changes in laws, regulations, and examination trends
through external regulatory services. Ensures that regulatory
changes are fully incorporated into the Compliance Monitoring
Assist in the preparation for compliance audits and regulatory
Assist in the development of annual risk assessments for the Bank's
business lines and functional areas and create an appropriate
compliance testing program, commensurate with the identified levels
Assist in the oversight and tracking of issues and remediation
plans and escalate unresolved items to the Management Compliance
High School diploma or equivalent - required.
Bachelor's degree in Business, Accounting, Finance or relevant
course of study - required.
7 years' recent relevant experience, which includes in-depth
working knowledge of all banking and compliance regulations, to
include but is not limited to internal controls, risk analysis,
Sarbanes-Oxley compliance, and process improvements - required.
Professional credentials in compliance, risk, and/or audit - highly
Equivalent combination of education, certifications, and/or
relevant work experience may be considered
Provides an exceptional level of quality service for
internal/external customers; responds to customers' needs,
questions and concerns in an accurate, effective, and timely
Demonstrated ability to develop and maintain strong working
relationships with all business units, management, staff,
regulators and audit personnel, to achieve common goals.
Strong listening, verbal, written, and telephone etiquette business
communication skills, including effective questioning strategies
and presentation skills; with the ability to read, write, speak,
and understand English well.
Comprehensive understanding of bank operations, with advanced
knowledge and training in all operational, lending, deposit
activities and terminology - required.
Extensive knowledge of all financial institution policies and
procedures and the Bank's products and services, with working
experience in all facets of operations, lending, and deposit
related rules and regulations.
Thoroughly understands and applies principles, procedures,
compliance requirements, state/federal regulations, and policies
related to assigned area.
Ability to read, analyze and interpret government regulations,
trade journals and legal documents.
Working knowledge of all areas of the organization and ability to
develop a clear understanding of the company's key functional
processes and resources, effectively partnering with all lines of
business to lead and affect process changes and improvements.
Demonstrated ability to quickly focus on key issues and make
decisions under pressure of time constraints.
Strong problem-solving, attention to detail, organizational, data
review, project management and time management skills, with the
ability to accurately manage multiple assignments, goals, and
reporting requests, ensuring priorities are set and commitments and
deadlines are met, with minimal direction and supervision.
Effective decision-making skills with proven ability to analyze
information, develop strategies, and deliver results.
Unquestionable integrity in handling sensitive and confidential
Proficient and advanced use and understanding MS Office products
(Word, Excel, Outlook), and the Bank's core processing system, with
the ability to adapt to new products and technologies quickly.
Climate controlled office environment.
Work involves being able to concentrate on the matter at hand,
under sometimes distracting work conditions and frequent employee
and/or customer contacts and interruptions during the day.
Work requires regular attendance, punctuality and adherence to
agreed-upon schedule with willingness to work a flexible and/or
rotating schedule and or extended hours, as needed.
Work may involve the constant use of computer screens, reading of
reports, and sitting throughout the day.
Ability to operate a computer keyboard, multi-line telephone,
photocopier, scanner and facsimile which often requires dexterity
of hands and fingers with repetitive wrist and hand motion.
Typically sitting at a desk or table; intermittently standing,
stooping, bending at the waist, kneeling or crouching to file
Occasional lifting 5 to 10 lbs. (files, boxes, handouts).
Travel Time:Occasional travel up to 15% to branch and department
locations, which may include overnight travel availability when
needed; valid driver's license, proof of insurance, and access to
reliable transportation; or the ability to access and utilize an
alternative method of transportation, when needed, to carry out
job-related essential functions.
Heritage Bank is an Equal Opportunity Employer
Keywords: Heritage Bank, Tacoma , Compliance Monitoring Officer, Accounting, Auditing , Tacoma, Washington
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