Compliance Officer (Leading International Bank)

Santa Clara, CA 93454

Posted: 02/19/2019 Employment Type: Direct Hire Job Category: Compliance Job Number: 102

Job Description and Synthesis
Our client, a leading bank based in Santa Maria, California, is seeking an experienced Compliance Officer to join their growing team. The Compliance Officer is responsible the implementation, oversight and ongoing support of the Bank's Compliance Program for all subject matters under the purview of the Corporate Compliance Division (excluding BSA).

The Compliance Officer function within Compliance Policy & Support includes performing risk assessments, maintaining policy and procedures, assisting in the implementation of corrective actions, and providing staff training/guidance, as appropriate. Individual will provide ongoing support to all Bank departments, business units and functions.

Specific Responsibilities

  • Participates in various working groups, project teams, task forces to ensure that the Compliance Department needs are clearly represented. 
  • Establishes and maintains communication channels (written and oral) and relationships with Compliance Champions, and all departments and functions of the organization. 
  • Work closely with other groups such as legal, risk management, and audit and business supervisory functions to ensure coverage is comprehensive and consistent. 
  • Assists with compliance monitoring and issues reports as appropriate (e.g. At-A-Glance Control Summaries, quality assurance testing, products and services, and laws, rules, and regulations, enforcement actions, industry guidance, etc.).
  • Stays current on all consumer protection laws, rules, and regulations (as documented in the Risk Assessment Program); including, regulatory expectations, industry best practices, and risk based principles.
  • Regularly reviews applicable state/federal laws and regulatory compliance issues through reading and researching applicable publications, news service articles, the Bank's resource library, and external training.
  • Maintains working knowledge of Bank processes and procedures. Must be comfortable discussing key risk areas and internal controls designed to mitigates risks with various audiences.
  • Performs/assists with annual risk assessments (e.g. Consumer Protection, Fair Lending, and other risk assessments), as assigned.
  • Researches, recommends, and implements changes to policy, procedure, forms, disclosures, and documents as needed.
  • Engages other Bank functions, business lines and support departments to maintain awareness of business trends and initiatives.
  • Works with the business units in the implementation of regulatory reform/rule change initiatives.
  • Review new products, marketing materials and other forms of communications for regulatory compliance and adherence to Bank standards. 
  • Maintains a cohesive and collaborative environment, sharing ideas and assisting peers.
  • Exercises sound judgment and ensures the integrity of confidential information.
  • Deals with change and handles stressful situations with a professional demeanor.
  • Keeps senior and executive management fully informed of negative monitoring findings and/or trends or systemic issues identified through monitoring and support functions.
  • Performs all other job duties as assigned.

Key Requirements

  • Bachelor's degree with minimum of 3 years related experience or an equivalent combination of education and experience Or
  • Bachelor's degree with minimum of 2 years working for a banking regulator (such as the OCC, FDIC, Federal Reserve..etc) or equivalent combination of education and experience.
  • Industry Certification in compliance (CRCM, CFTA, CCTS or CSOP) preferred, with requirement of completion within 2 years if not currently certified.
  • Proficient with Microsoft Office and the Internet.
  • Possess excellent human relations, communications and business writing skills.
  • Possess effective time management and organizational skills.
  • Ability to work effectively without direct supervision.
  • Ability to comprehend and interpret Bank policies and procedures.
  • Demonstrates teamwork in facilitating workflow. High level of cooperation with others and is responsive to the Bank's needs.
  • Exemplary motivation, enthusiasm, professionalism and team skills.
  • High level of accuracy and great attention to detail.
  • Strong analytical and problem solving skills.
  • Possess full knowledge of retail, commercial, and trust banking services.
  • Ability to make administrative decisions.
  • Demonstrates with excellent customer service skills.
  • Ability to cope with pressure resulting from meeting required deadlines, reporting requirements and training responsibilities.
  • Exhibit high degree of professionalism and confidentiality in handling and having access to sensitive customer or employee information.
  • Ability to handle constant use of tact, discretion and good judgment.
  • Ability to travel throughout the Bank's footprint to perform required duties (less than 25%). 

Spencer Knibbe
Managing Partner

Spencer is the Founder and Managing Partner of MBK Search, LLC - an executive search firm that specializes in the governance, risk, compliance, and cybersecurity market space. Prior to founding MBK, Spencer was Head of Operational Risk at Bridgewater Associates. Before moving to Bridgewater, Spencer was the Head of Risk for ICAP, Plc covering the Americas Region. He started his career in venture capital as an investment associate.

Spencer graduated from Harvard University in 2001 and resides in Ridgefield, CT with his wife and two sons.

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