The Entrust Group
Compliance Associate
Position Description
- Class: Non-Exempt
- Hours: 8:30 am to 5:00 pm (EDT or CDT, depending on location)
- Please note this position is only open to candidates from Tennessee, Florida, and Kentucky.
Job Summary:
The Compliance Associate provides support in the areas of finance industry compliance, BSA/AML and fraud detection and investigation to ensure all regulatory requirements are met and to protect the company from losses. Additionally, the Compliance Associate is responsible for organizing, investigating, and monitoring client transactions, ensuring compliance with all regulatory recordkeeping and reporting requirements, assist in maintaining related policies and procedures and other reporting responsibilities as assigned.
This position will report directly to the Compliance Officer and work within the existing organization to support the internal and external colleagues.
Duties and Responsibilities
Description:
- Completing all BSA/AML and KYC/CIP verifications on new and existing client accounts
- Perform research of federal and state regulations to ensure internal policies and procedures are compliant with regulatory requirements and update policies and procedures accordingly
- Become an integral member of the team, acting as a resource for company associates by answering their procedural and documentation inquiries, consumer compliance related issues, as well as investigating any inappropriate and/or fraudulent activity
- Monitor and review various company reports and alerts, document, research and report transactions as needed within regulatory timelines
- Analyze accounts, based on risk, on a random and periodic basis
- Assist in other compliance related functions to ensure complying with company policy and regulations
- Collaborate with upper management to ensure decisions are also based on the company’s current risk assessment, associated with the company’s activities, to promote a safe and sound financial banking environment
- Perform all duties in compliance with BSA/AML regulations and requirements
- Work with regulators and auditors, as needed
- Participate in ongoing training relating to the job and any other training programs as required
- Reviewing marketing collateral and website information to ensure compliance
- Duties described above are not meant to cover or contain a comprehensive listing of all this role encompasses. The duties and responsibilities may be subject to change at any time, with or without notice.
Required Skills/Abilities:
- Capable problem solver, with the ability to identify and resolve issues in a timely manner
- Strong analytical skills and attention to details, with an aptitude for research, collecting data, and reviewing
- High degree of initiative as it relates to overseeing and completing, from start to finish, large projects
- Ability to effectively communicate verbally and written, courteously and professionally, in positive or negative situations.
- Solid interpersonal skills with the ability to keep calm under pressure, remain civil, and open to ideas from others
- Performs well as an individual and within a team; demonstrates objectivity and openness to working with others in order to create a positive environment
- Efficient with Microsoft Word, Excel, Outlook, Teams
Education and Experience:
- Bachelors degree in Accounting, Business, or Finance;
- Five years of banking, audit, or financial services experience; or equivalent combination of education and experience required
- CISP preferred.
- Compliance certification(s) are a plus.
Physical Requirements:
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift 15 pounds at times.
- Able to stand and walk for a minimum of 3 hours in an eight-hour workday.
- Hand use: continuous keyboarding, frequent simple grasping, and occasional fine manipulation
- Occasional bending, reaching, and twisting (waist level)
Salary Range: $42,000-$52,000
Qualified candidates may send resumes to jaldana@theentrustgroup.com.
