Compliance Analyst

Job Description

Job Description

At ServisFirst, Our Name is Our Mission.

DUTIES AND RESPONSIBILITIES

The Compliance Analyst reviews the Bank’s adherence to its lending policies and procedures as well as its compliance with federal and state regulations. The position administers the Bank’s Compliance Management Program and tests regularly to provide feedback to managers and senior management. The Analyst helps ensure that the Bank is compliant, prepared for examinations and positioned to earn strong compliance and Community Reinvestment Act ratings.

The incumbent will:

• Examine policies, procedures and practices to ensure compliance with laws and regulations
• Stay abreast of changes to federal and state banking laws and regulations affecting the management, operations and product offerings of the Bank; recommend updates or policy changes as appropriate
• Coordinate with operating departments to ensure adherence to laws and regulations relating to new or revised products and services offerings
• Work with external auditors and examiners to coordinate necessary documentation and responses
• Coordinate and support the Compliance Management Program, including compliance training, compliance testing and reporting, disaster recovery, contingency planning and records warehousing and destruction
• Arrange compliance audits and prepare reports for the Board of Directors
• Audit department records and interview personnel to ensure recording of transactions and compliance with applicable laws and regulations
• Conduct comparative file analysis to detect outliers, anomalies and trends
• Inspect accounting systems to determine their efficiency and protective value
• Assess the proper accountability of assets by conducting audits
• Review records pertaining to staff and material assets, such as equipment and buildings to determine degree to which they are utilized
• Analyzes data obtained for evidence of deficiencies in controls, duplication of effort, extravagance, fraud or lack of compliance with laws, government regulations and management policies or procedures
• Conduct special studies for management such as those required to discover mechanics of detected fraud and to develop controls for fraud prevention
• Maintain, report and validate data necessary to file accurate and complete public disclosures for the Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) Loan Application Registers (LARs)
• Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies

Note: Reasonable accommodation may be made to enable otherwise qualified associates/applicants with disabilities to perform the essential functions of the job.

Note: Additional duties and responsibilities may be assigned

MINIMUM QUALIFICATIONS

• Undergraduate degree in related field or five years’ related experience
• Strong knowledge of Microsoft Outlook, Word, Excel and PowerPoint
• Excellent communication skills, as demonstrated in experience preparing reports, documenting policy and communicating regulatory updates or audit responses

PHYSICAL REQUIREMENTS AND ENVIRONMENTAL CONDITIONS

The physical requirements and environmental conditions of this position consist primarily of:

• Sustained standing and sitting
• Frequent use of PC, including typing or sustained attention to monitor
• Occasional presentations requiring public speaking to small groups
• Occasional lifting of basic office files or equipment up to 20 lbs
• Normal office environment with comfortable internal temperatures and low level noise
• May require some overnight travel

EOE/AA