Senior Compliance Monitoring Analyst

Company: Commerce Bank
Location: Kansas City
Posted on: January 16, 2022

Job Description:

About Working at Commerce
Wouldn't it be great to build your career at a bank that's known for helping people with their financial challenges? That's exactly what you'd be doing when you join the team at Commerce Bank. We're looking for teammates who are ready to do whatever it takes to help our customers with their everyday financial needs. You'd be helping yourself too, because Commerce has a tradition of recognizing and rewarding team members for their talent, skills and contributions.

No wonder we've been an industry leader for over 150 years and have developed a reputation as a great place to work in the financial services world. If you'd like to be a part of a team and culture that is respected by its peers and in your community, we should talk. We're always looking for the best and brightest.

About This Job
As a Senior Compliance Monitoring Analyst, you will perform compliance monitoring and testing assessments to ensure compliance with consumer protection laws and regulations. This job partners with leadership to understand and assess compliance controls, completing monitoring and testing assessments, and writes reports that summarize the findings of completed monitoring and testing assessments, including required and recommended actions to management to increase compliance and mitigate risk.
Essential Functions
Maintain working knowledge of laws and regulations and understand the impact of such rules on bank products and/or processes.

Assess the effectiveness of regulatory compliance control activities performed in the business units related to consumer and commercial loan and deposit products and services.

Conduct transaction testing to validate regulatory compliance of consumer and commercial loan and deposit products and services.

Assess compliance with various obligations required by laws and regulations.

Participate in meetings with business units, individually or in a group, to identify gaps within current practices and regulatory requirements.

Identify and communicate compliance deficiencies as appropriate and provide recommendations for process improvements to increase compliance and mitigate risk.

Document workpapers thoroughly and summarize results.

Review workpapers completed by other team members to ensure they are thorough, clear and complete.

Draft, review, and issue compliance reports to communicate compliance findings to management in a timely manner and coordinate follow-up activities to verify compliance findings are corrected.

Assist with regulatory exams and other special projects, as assigned.

Perform other duties as assigned

Knowledge, Skills & Abilities Required
Critical analysis skills sufficient to analyze and communicate complex legal/regulatory concepts

Ability to think strategically across multiple areas of business to create practical compliance solutions

Sound business and professional judgment

Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

Inquisitive, agile, and strong team player with excellent written, verbal and interpersonal communication skills

Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

Ability to maintain a high degree of confidentiality

Intermediate level proficiency with Microsoft Word, Excel and Outlook

Education & Experience
Bachelor's degree or equivalent combination of education and experience required

3+ years of practical experience as a compliance officer, compliance analyst, compliance auditor, quality control specialist, risk analyst, or project manager

General banking/financial services experience preferred

Working knowledge of existing bank systems preferred

Location: 922 Walnut St, Kansas City, Missouri 64106
Time Type:
Full time

Keywords: Commerce Bank, Kansas City , Senior Compliance Monitoring Analyst, Professions , Kansas City, Kansas