Senior Compliance Monitoring Analyst
Company: Commerce Bank
Location: Kansas City
Posted on: January 16, 2022
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
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.
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
Participate in meetings with business units, individually or in a
group, to identify gaps within current practices and regulatory
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
Assist with regulatory exams and other special projects, as
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
Education & Experience
Bachelor's degree or equivalent combination of education and
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
Keywords: Commerce Bank, Kansas City , Senior Compliance Monitoring Analyst, Professions , Kansas City, Kansas
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