Sr. Deposit Monitoring Officer

SUMMARY

The Sr. Deposit Monitoring Officer is a member of the Compliance team within the Enterprise Compliance Department and reports to the Monitoring Program Manager. The Sr. Deposit Monitoring Officer is responsible for execution of compliance monitoring reviews as established by the Compliance Monitoring Program, to assist in maintaining compliance risk within established risk appetite levels.

PRIMARY DUTIES AND RESPONSIBILITIES

The Sr. Deposit Monitoring Officer will evaluate the Bank’s adherence to various policies and procedures designed to ensure compliance with certain federal banking laws and regulations through on- going periodic testing and monitoring efforts.

Duties and responsibilities include but are not limited to the following:

• Maintain an up-to-date knowledge of applicable federal banking laws and regulations, as well as the Bank’s organizational structure, products and services, and operating systems, and apply this knowledge to document and draw appropriate conclusions on the effectiveness of regulatory compliance matters.
• At the direction of the Monitoring Program Manager, perform compliance monitoring and testing to ensure the Bank is in compliance with deposit related regulatory requirements. This includes:
• Creating and maintaining review specific monitoring/testing plans;
• Identifying and gathering material necessary to perform reviews in a timely and efficient manner;
• Performing applicable testing/monitoring of related Bank policies, procedures, and practices, including sample selection and transaction testing;
• Documenting all review work and research in a complete, clear and concise manner;
• Evaluating existing processes and practices to ensure efficient and effective ongoing compliance with regulatory requirements and internal policies and procedures designed to adhere to those requirements;
• Identifying instances of non-compliance and “root cause” of the issue;
• Draft findings and recommendations for corrective action of issues and enhancements to existing practices as warranted in a clear and concise manner free of grammatical and spelling errors;
• Performing follow-up testing to validate adequacy and effectiveness of corrective action; and;
• Recording and maintaining review results in Issues Management system.
• Ensure oral and written communication is clear, timely, proactive, and concise. Keep business unit partners informed of relevant issues and ask appropriate questions and demonstrate active listening skills. Interact confidently, courteously, and professionally with business partners at all levels.

• Assisting the Monitoring Program Manager with other duties that may be assigned.

QUALIFICATIONS

• Broad knowledge of federal and state compliance laws and regulations governing deposit products and services.
• In-depth practical knowledge of internal controls, compliance processes, and applicable techniques for the implementation of deposit related regulatory and legal requirements.
• Experience independently developing and performing compliance monitoring reviews.
• Strong written and verbal communication skills to communicate effectively with diverse groups and individuals.
• Self-motivated, strong organizational, analytical and research skills with attention to detail, and effective time management skills to ensure timeliness and quality of work.
• Ability to independently evaluate complex problems, draw conclusions and communications to management and business unit partners.
• Experience with Microsoft Outlook, Office, Excel, PowerPoint, Word, Teams, etc. and ability to adapt to monitoring related software.
• Experience with FiServ Premier desired.

EDUCATION AND EXPERIENCE

Bachelors’ degree. Business, finance or related field preferred. CRCM or CIA certification desired.

Minimum of five years’ experience in regulatory compliance and/or compliance audit, and/or managerial level deposit operations experience.