Compliance Officer-Deposits
City National Bank
Dallas, TX, 75225, USA
Dallas, TX, 75225, USA
- $77,000 - $143,000 p/year
- Accountancy & Accounting
- Internship
- compliance officer
- banking compliance
- risk assessment
The Compliance Officer-Deposits is responsible for assessing and monitoring compliance risks related to banking deposits, ensuring adherence to federal and state regulations, and developing remediation plans for identified issues. The role involves reviewing regulatory changes, maintaining compliance policies, conducting audits, and providing guidance to business units to mitigate risks. This position requires experience with banking regulations, strong analytical and communication skills, and collaboration with regulatory agencies and internal teams.
COMPLIANCE OFFICER-DEPOSITS
WHAT IS THE OPPORTUNITY?
Position is responsible for performing risk analysis and assessment of compliance regulations, identifying risks and controls, monitoring business unit control environment, drafting and maintaining remediation plans and issues tracking logs, and escalation of compliance issues. The incumbent is responsible for playing a critical role in the issues remediation strategy for compliance identified issues and ensuring issues are closed in a manner which both adheres to the regulatory requirements and ensures business continuity.
WHAT WILL YOU DO?
- Reviews/challenges compliance risk assessments, analyzing the Bank's compliance risk; determine if current processes control risk.
- Analyze new and changing laws and regulations and development of implementation strategies.
- Maintain updates to compliance policies, procedures, and training for new or revised laws and regulations.
- Assist the Compliance Manager, Senior Compliance Officer, and Risk Assessment team with the evaluation of compliance testing program and processes.
- Performs research on regulations and provides guidance to business operations (divisions) on compliance requirements.
- Create, maintain and update reporting of compliance test results along with comparable line of business QA testing results.
- Conduct meetings to discuss testing and risk assessment results and lead line of business to remediation plans.
- Works with Senior Compliance Officer, Compliance Manager to maintain audit tracking logs and other tracking reports as deemed necessary.
- Conduct regulatory compliance monitoring activities as assigned and maintain appropriate work papers
- Performs compliance reviews on specific loan-level accounts, as required.
- Complies fully with all Bank Compliance policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
- Provide guidance on regulations, requirements, and Bank procedures.
- Conducting and documenting reviews and addressing findings with employees and supervisors.
- Drafting and maintaining employee training for assigned topic areas.
- Analyze the Bank's compliance risk; determine if current processes control risk.
- Completes all required training.
- Other duties and special projects as assigned.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
- Bachelor's Degree or equivalent
- Minimum 5 years' experience working with Federal and State compliance regulatory matters
- Minimum 5 years' experience in banking, consumer finance, retail banking compliance, mortgage banking or working in a legal department
- Minimum 3 years' experience with managing projects or processes
Additional Qualifications
- College degree preferred. Relevant, equivalent work experience may be substituted for degree preference.
- Good knowledge and relevant work experience with bank credit, deposit, operations regulations (as applicable/assigned).
- Knowledge and experience with traditional bank products and services and/or reviewing marketing materials is a plus.
- Knowledge of Regulations E, CC, DD and activities relating to digital account services.
- Ability to influence/motivate others to produce desired results.
- Ability to operate effectively in a fast paced environment.
- Excellent organizational and analytical skills.
- Ability to communicate clearly and professionally with all levels of an organization.
- Excellent written and verbal communications skills.
- Effective interpersonal skills.
- Proficiency in multi-tasking and prioritizing projects.
- Excellent time management skills and be accustomed to working with deadlines.
- Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation a plus.
- Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs.
WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $77,000 - $143,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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