Compliance Analyst
Description Bar Harbor Bankshares, an independent community banking organization that encourages and supports the personal and professional development of its employees, dedicates itself to consistent service of the highest level for all customers, and recognizes its responsibility to be an active participant in, and advocate for, community growth and prosperity.
If you would like to be part of this great mission, please read on.
Bar Harbor Bank & Trust is looking for a Compliance Analyst I or II, depending on experience.
The locations for this position are open.
They can be; Hampden ME, Bar Harbor, ME, Ellsworth ME, Brunswick ME, Newport NH, or Randolph VT.
This role is under the direction of the SVP, Chief Compliance Officer and it assists in ensuring that Bar Harbor Bankshares meets legal and regulatory requirements by review, support and administration of the Compliance Management System (CMS) and related Compliance Program.
Responsibilities (Essential):
Maintains up-to-date knowledge of regulations and regulatory changes.
Assists business units on recommended procedure modifications to adapt to the changes in order to comply with revised or new requirements.
Communicates status of compliance with various laws and regulations related to specific areas when doing compliance reviews.
Assist department manager in recommending business unit procedures, controls, self-monitoring, tools, and training that will be effective at preventing regulatory compliance errors.
Monitors adherence and effectiveness of established business unit procedures and controls.
Performs annual compliance monitoring, testing and assessments in accordance with monitoring review schedules, based on the Compliance risk profile and in a manner which optimizes efficiency and effectiveness of resources.
Conducts independent compliance monitoring reviews of records and procedures to ensure compliance with applicable laws and regulations.
Conducts regular internal transaction and documentation testing, including account records, to identify compliance concerns.
Identifies where corrective action is needed and works to develop targeted compliance training for business units.
Develops comprehensive management reports including recommendations for corrective action where program gaps are identified.
Monitors the status of corrective actions to internal compliance monitoring/review findings, and follows up with appropriate Bank personnel as necessary to assure corrective actions have occurred.
Serves as front-line resource on Bank compliance inquiries and routine matters, referring complex or higher level issues to the Chief Compliance Officer or the Compliance Manager as appropriate.
Collaborates with Marketing, Trust, Financial Services, and other departments to review applicable ads, disclosures, customer correspondence or customer complaints.
May participate in a wide variety of projects as directed by the Chief Compliance Officer or Compliance Manger.
Enthusiastically support the Banks Guiding Principles and Brand Behaviors.
Adhere to regulatory requirements.
Comprehend and adhere to federal and state banking regulations in accordance with Bar Harbor Bank & Trusts policies and procedures.
Required Education &
Experience:
Minimum of an associates or bachelors degree or commensurate experience.
Minimum of 3 years for Compliance Analyst I, or 5 years for Compliance Analyst II, of relevant work experience, preferably in the banking or financial industry with compliance, audit experience or legal background.
Ability to utilize sound judgement to make business decisions.
Comprehensive understanding of consumer compliance regulations and bank products.
Ability to read, and effectively analyze and interpret government regulations.
Strong research and critical reasoning skills, with good judgment and common sense.
Ability to establish priorities and work independently.
Ability to analyze procedures and determine the impact on compliance.
Strong organizational skills.
Ability to proactively work with other departments to address outstanding issues.
Ability to work cooperatively and effectively with department managers and supervisors.
Excellent verbal and written communication skills.
Good understanding of Word and Excel PC applications.
Bar Harbor Bank & Trust offers:
competitive pay, referral incentives, an employee stock purchase plan, medical/dental/vision/life insurance plans, paid holidays, 401(k) plan, paid time off, a wellness program, continuing education benefits, and more! Bar Harbor Bank & Trust is an Equal Opportunity Employer, Minority/Female/Disability and Protected Veteran.
EEO is the law:
English & Spanish version English - https:
//www.
dol.
gov/ofccp/regs/compliance/posters/pdf/eeopost.
pdf Spanish - https:
//www.
dol.
gov/ofccp/regs/compliance/posters/pdf/eeosp.
pdf EEO is the Law Poster Supplement https:
//www.
dol.
gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.
pdf Pay Transparency:
https:
//www.
dol.
gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.
pdf Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.
However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractors legal duty to furnish information.
41 CFR 60-1.
35(c) Recommended Skills Administration Assessments Auditing Banking Services Communication Content Management Estimated Salary: $20 to $28 per hour based on qualifications.
If you would like to be part of this great mission, please read on.
Bar Harbor Bank & Trust is looking for a Compliance Analyst I or II, depending on experience.
The locations for this position are open.
They can be; Hampden ME, Bar Harbor, ME, Ellsworth ME, Brunswick ME, Newport NH, or Randolph VT.
This role is under the direction of the SVP, Chief Compliance Officer and it assists in ensuring that Bar Harbor Bankshares meets legal and regulatory requirements by review, support and administration of the Compliance Management System (CMS) and related Compliance Program.
Responsibilities (Essential):
Maintains up-to-date knowledge of regulations and regulatory changes.
Assists business units on recommended procedure modifications to adapt to the changes in order to comply with revised or new requirements.
Communicates status of compliance with various laws and regulations related to specific areas when doing compliance reviews.
Assist department manager in recommending business unit procedures, controls, self-monitoring, tools, and training that will be effective at preventing regulatory compliance errors.
Monitors adherence and effectiveness of established business unit procedures and controls.
Performs annual compliance monitoring, testing and assessments in accordance with monitoring review schedules, based on the Compliance risk profile and in a manner which optimizes efficiency and effectiveness of resources.
Conducts independent compliance monitoring reviews of records and procedures to ensure compliance with applicable laws and regulations.
Conducts regular internal transaction and documentation testing, including account records, to identify compliance concerns.
Identifies where corrective action is needed and works to develop targeted compliance training for business units.
Develops comprehensive management reports including recommendations for corrective action where program gaps are identified.
Monitors the status of corrective actions to internal compliance monitoring/review findings, and follows up with appropriate Bank personnel as necessary to assure corrective actions have occurred.
Serves as front-line resource on Bank compliance inquiries and routine matters, referring complex or higher level issues to the Chief Compliance Officer or the Compliance Manager as appropriate.
Collaborates with Marketing, Trust, Financial Services, and other departments to review applicable ads, disclosures, customer correspondence or customer complaints.
May participate in a wide variety of projects as directed by the Chief Compliance Officer or Compliance Manger.
Enthusiastically support the Banks Guiding Principles and Brand Behaviors.
Adhere to regulatory requirements.
Comprehend and adhere to federal and state banking regulations in accordance with Bar Harbor Bank & Trusts policies and procedures.
Required Education &
Experience:
Minimum of an associates or bachelors degree or commensurate experience.
Minimum of 3 years for Compliance Analyst I, or 5 years for Compliance Analyst II, of relevant work experience, preferably in the banking or financial industry with compliance, audit experience or legal background.
Ability to utilize sound judgement to make business decisions.
Comprehensive understanding of consumer compliance regulations and bank products.
Ability to read, and effectively analyze and interpret government regulations.
Strong research and critical reasoning skills, with good judgment and common sense.
Ability to establish priorities and work independently.
Ability to analyze procedures and determine the impact on compliance.
Strong organizational skills.
Ability to proactively work with other departments to address outstanding issues.
Ability to work cooperatively and effectively with department managers and supervisors.
Excellent verbal and written communication skills.
Good understanding of Word and Excel PC applications.
Bar Harbor Bank & Trust offers:
competitive pay, referral incentives, an employee stock purchase plan, medical/dental/vision/life insurance plans, paid holidays, 401(k) plan, paid time off, a wellness program, continuing education benefits, and more! Bar Harbor Bank & Trust is an Equal Opportunity Employer, Minority/Female/Disability and Protected Veteran.
EEO is the law:
English & Spanish version English - https:
//www.
dol.
gov/ofccp/regs/compliance/posters/pdf/eeopost.
pdf Spanish - https:
//www.
dol.
gov/ofccp/regs/compliance/posters/pdf/eeosp.
pdf EEO is the Law Poster Supplement https:
//www.
dol.
gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.
pdf Pay Transparency:
https:
//www.
dol.
gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.
pdf Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.
However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractors legal duty to furnish information.
41 CFR 60-1.
35(c) Recommended Skills Administration Assessments Auditing Banking Services Communication Content Management Estimated Salary: $20 to $28 per hour based on qualifications.
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