Compliance Specialist III

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Position Summary

The Compliance Officer III for regulatory change works directly with Director of Compliance within the area of Regulatory and Consumer Affairs. The candidate is required to be extremely knowledgeable and skilled in regulatory change management.

Essential Duties and Responsibilities

• Partners with business unit leaders and serves as the subject matter expert for regulatory changes.

• Manage Bank wide regulatory change management across all lines of business utilizing a GRC platform.

• Assists business lines with developing and revising regulatory policies and procedures as it applies to regulatory changes.

• Communicates regulatory changes to first line of defense.

• Oversee and ensure timely implementation of regulatory changes.

• Identifies risks and issues to Business Unit leaders and Director of Compliance overseeing any required remediation.

• Performs compliance risk assessments.

• Works with business unit leaders and Compliance team to develop effective risk control measures.

• Identifies compliance risks and performs Root Cause Analysis.

• Tracks regulatory compliance issues identified by first lines of defense, assists in remediation and reports findings to Executive Management as needed.

• Ensures accurate and timely completion of reports for Compliance Committee and Board.

• Develops and delivers custom Regulatory training materials for first line of defense. This includes developing a strategic training plan for associates taking into consideration strategy, approach, and timing of other regulatory training.

• Assists with training and development within department and seeks continuing education opportunities for business lines. Work with the Training department to ensure completion of required compliance training by associates.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Candidate must be willing to perform other duties and responsibilities as assigned.

Skills

• Ability to resolve issues with little to no guidance.

• Ability to serve in a supervisory capacity.

• Demonstrated effective conflict resolution skills.

• Demonstrated keen investigative skills when reviewing large data or reports.

• Understanding how to interpret large amounts of data and incorporate into conclusions.

• Ability to draw conclusions involving critical thinking.

• Ability to identify and organize the necessary resources to perform job tasks.

• Demonstrated soft skills through showing initiative and taking personal accountability of personal growth.

• Ability to receive constructive feedback and direction from peers, management, committees, or the Board.

• Ability to evaluate processes and outcomes and communicate results.

• Ability to present data or thoughts clearly through visuals.

• Ability to express written complete concepts through report writing.

• Ability to collaborate and develop relationships with peers.

• Ability to effectively manage time and prioritize tasks.

• Demonstrated strong and effective communication with peers and management.

• Ability to speak in small to large group meetings.

Education and/or Experience

• Bachelor's degree from a 4-year accredited university/college preferred.

• 5+ years as a Bank Compliance Manager and/or Regulatory Bank Examiner

• Last five to seven years' experience must be in regulatory compliance at a Financial Institution.

Specialized Training

• Proven track record of Risk Management Skills

• Proven track record of Regulatory Change Management Skills

• Ability to prepare reports, analysis and present at meetings.

• Ability to coach and mentor Compliance Specialist I and II.

• Thorough understanding of Compliance and Fair Lending Regulations

• Ability to understand and apply Banking regulations.

• Ability to research, interpret, and apply rules, laws, regulations, and other regulatory guidance.

• Policy & Procedure Development and Analysis skills.

Computer Skills

• High level of proficiency with Microsoft Office (Word, excel, PowerPoint) and Teams.

• Strong working knowledge of other computer systems such as Visio and keen interest in learning other systems such as PowerBI reports.

Certificates, Licenses, Registrations

• Regulatory Compliance Certification, at minimum, CRCM, CCBCO or NCCO.
• CRCM required or eligibility to pursue a CRCM in the next 12-14 months will be considered for Compliance Specialist II.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Activities, duties, and responsibilities may change at any time with or without notice.

Equal Employment Opportunity Information: Simmons First National Corporation and its subsidiaries are committed to a policy of equal employment with respect to a person's race, color, religion, sex, ancestry, sexual orientation, gender identity, national origin, covered veterans, military status, physical or mental disability or any other legally protected classifications. Simmons First National Corporation and its subsidiaries are committed to Affirmative Action Programs consisting of results-oriented procedures to ensure equal employment opportunities. These programs require positive action in lieu of neutral non-discrimination and merit hiring/performance policies.