Job Information
Bank OZK Compliance Officer II - Testing in Little Rock, Arkansas
Compliance Officer II - Testing
Job ID: 14064
Functional Area: Corporate Compliance
Position Type: Full-Time Regular
Experience Required: 5 - 7 Years
Location: Little Rock, AR Corporate Headquarters
Department: CRMG Corporate Compliance
Education Required: Bachelors Degree
Relocation Provided:
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Position Description:
Job Purpose and Scope:
As a key second line of defense, ensures a strong compliance culture by assisting in the development and maintenance of the testing program infrastructure that identifies, measures and monitors compliance with all applicable laws and regulations. Responsible for executing risk-based compliance testing under the direction of the Compliance – Testing team leadership to validate business line adherence to applicable laws and regulations.
Essential Job Functions:
Performs testing activities to develop independent conclusions regarding effectiveness of control environment; prepares workpapers and summary reporting for Compliance leadership that support control effectiveness conclusions.
Documents testing accurately, thoroughly and according to department standards that clearly communicates the objective, scope, and supports conclusions of test findings.
Executes process walkthroughs, identifies and understands primary/key controls, and evaluates control design and the suite of controls.
Evaluates risks and controls accurately, assists with the development of effective test plans, exhibits sound judgment regarding issues, and assists with preparation and communication of findings and compliance activity reports under the direction of the Compliance-Testing team leadership.
Researches laws and regulations applicable to the testing conducted and notates needed changes with processes or procedures.
Responds to business unit inquiries regarding the proper application of compliance related rules, regulations and requirements.
Collaborates with the compliance team and other Bank departments on program-wide compliance initiatives.
Develops productive relationships with business unit personnel and leadership to enable complete and accurate understanding of the operating environment.
Develops subject matter expertise of one or more Bank processes and/or systems to understand and form opinions regarding the effectiveness of the control environment in complying with various statutes and recommendations that apply to Bank activities.
Performs duties assigned by the Compliance Program leadership.
Regularly exercises discretion and judgment in the performance of essential job functions.
Maintains good punctuality and attendance to work.
Follows Bank policy, procedures and guidelines
Identifies exceptions related to noncompliance, operational areas of concern, and best practices and communicates findings to department management
Performs follow-up validation testing to ensure issues are properly remediated in accordance with the approved action plan
Assists in the development, implementation, and maintenance of comprehensive compliance program and tools, including compliance policies, and procedures
Develops and maintains an inventory of consumer protection and disclosure regulations, and bank products and services, applicable to the Bank and the related risk assessment matrix, as needed.
Participates in the provision of periodic compliance training on banking laws and regulations, policies, and procedures as needed.
Knowledge, Skills & Abilities:
Knowledge of banking regulations related to consumer protection and disclosure.
Ability to demonstrate effective organization, critical thinking, analytical and problem-solving skills.
Ability to demonstrate effective researching, cross referencing, and analytical skills.
Ability to problem-solve, review and analyze data, locate its source, effectively assess risk, identify root cause of issues and identify operational efficiencies.
Ability to demonstrate initiative to accomplish work objectives.
Ability to manage multiple tasks with exacting deadlines in a fast-paced environment.
Ability to work without close supervision.
Ability to communicate effectively both verbally and in writing.
Ability to read, analyze, and interpret government regulations, trade journals, and legal documents.
Ability to work effectively in a team environment.
Ability to demonstrate effective use of specialized software.
Ability to participate in continuing education to maintain and/or enhance job performance.
Ability to travel on company business.
Ability to work all hours as required.
Skill in using computer and Microsoft Office, including Outlook, Word, Excel, and PowerPoint
Equipment Used in Job Performance/Working Environment:
Computer
Telephone
Multi-function device
Major Job Demands (Physical/Mental):
Decision-making
Problem-solving
Note: This description is not an exhaustive list of all job functions, duties, skills and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.
Position Requirements:
Basic Qualifications:
Bachelor degree or commensurate work experience required.
Minimum of five (5) years of work experience in the field of bank compliance or bank compliance audit or examination required.
Minimum of one (1) year of leadership experience preferred.
Prior experience with internal audit and control systems preferred.
Bank OZK is an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.
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