Corporate Compliance Officer II

Bank OZK Little Rock , AR 72215

Posted 4 months ago

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.

  • Valid driver's license and good driving record

Job Purpose and Scope:

Serves as a compliance subject matter expert. Maintains and demonstrates current knowledge of applicable state and federal laws and regulations, including, but not limited to: deposit products, advertising, privacy, website compliance, mortgage lending, consumer lending, collections, and mortgage servicing. Ensures that Bank policies and procedures are compliant with current laws and regulations and Bank products and services.

Essential Job Functions:

  • Performs duties assigned by Compliance Program Leadership.

  • Performs advisement responsibilities, including researching federal and state banking laws and regulations, reviewing the financial institution's policies and procedures, and ensuring financial institution compliance with laws and regulations; maintains a current expertise regarding the requirements of various consumer protection and disclosure laws and regulations that apply to the Bank; serves as a regulatory resource for officers and employees.

  • 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 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.

  • Assists in the development, implementation, and maintenance of comprehensive compliance program and tools, including compliance manual, policies, and procedures.

  • 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.

  • Participates in the provision of periodic compliance training on banking laws and regulations, policies, and procedures.

  • 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 ensure the ability to understand and form opinions regarding the effectiveness of the control environment in complying with various statutes and recommendations that apply to Bank activities.

  • Follows Bank policy, procedures and guidelines.

Knowledge, Skills & Abilities:

  • Knowledge of banking regulations related to consumer protection and disclosure.

  • Excellent organizational and documentation skills with attention to detail.

  • Detail oriented with excellent research and analytical abilities.

  • Ability to multi-task while working independently, without close supervision.

  • Excellent communication skills, both written and verbal.

  • Ability to read, analyze, and interpret government regulations, trade journals, and legal documents.

  • Ability to drive an automobile and obey related laws and regulations.

  • Ability to travel on company business; some occasional overnight travel.

  • Ability to work all hours as required.

Equipment Used in Job Performance/Working Environment:

  • Computer

  • Telephone

  • Photocopy Machine

  • Facsimile Machine

Major Job Demands (Physical/Mental):

  • Decision-making

  • Problem-solving

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Corporate Compliance Officer II

Bank OZK