Compliance Analyst (Banking), Sr. jobs in Chicago, IL
Compliance Analyst (Banking), Sr. monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Uses customer data mining and software tools to identify suspicious activity patterns. Being a Compliance Analyst (Banking), Sr. reviews daily Currency Transaction Reports (CTR) and Questionable Activity Reports (QAR), and submits Suspicious Activity Reports (SAR) as appropriate. Ensures adherence to Know your Customer (KYC) protocols. Additionally, Compliance Analyst (Banking), Sr. may lead or participate in investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Keeps abreast with regulatory changes, risk management best practices, and trending methods used by fraud perpetrators. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide a well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a manager. The Compliance Analyst (Banking), Sr. occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Compliance Analyst (Banking), Sr. typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
Recently Added Compliance Analyst (Banking), Sr. jobs
- Old Second National Bank
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Downers Grove, IL
FULL_TIME
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Who We Are
At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
Position Overview
The Commercial Compliance Analyst will report to the Community Banking Group President and will be responsible for assisting with Old Second National Bank's ("Bank") oversight of commercial banking's compliance responsibilities. Essential responsibilities include staying up to date on current banking regulation and updating affected personnel on policy changes. This role interfaces regularly with the Community & Commercial Banking teams and the Compliance department. This position offers flexibility of a hybrid work schedule to include onsite and remote work.
Essential Job Functions
- Stay abreast of federal and state regulatory changes, particularly as they impact commercial banking
- Participate on the Bank's quarterly compliance committee meeting as a representative of the commercial department
- Collaborate with Compliance on their reviews and work to resolve any findings
- Take ownership of the commercial department's compliance procedures, making sure they are current and up to date on all banking regulations
- Hold training as needed on compliance related topics for the commercial department
- Develop and execute first line of defense of compliance monitoring
- Manage the collection of compliance related data and reporting for the commercial department
- Collaborate with Bank personal on the implementation of 1071 Small Business Lending Reporting
- Follow up and resolve data integrity and quality edits for 1071 and HMDA reporting.
Minimum Requirements
Bachelor's degree in related area of study and four or more years of related experience (commercial banking, lending operations, credit and/or compliance) inclusive of a minimum of two years of regulatory compliance experience at a bank or other financial services company.
Competencies
- Working knowledge of federal and state banking laws and regulations including Regulation B, UDAAP, SCRA, HMDA, Flood, etc.
- Excellent communication skills
- Professional demeanor and appearance
- Advanced in Word, Excel, Adobe, and PowerPoint
Thanks for considering Old Second!
Old Second National Bank is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to their real or perceived race, color, religion, creed, sex, marital status, national origin, citizenship, ancestry, age, sexual orientation, gender identity, disability, military status, genetic information, veteran’s status, or any other
protected characteristic under applicable law.
- 8 Days Ago
- Old Second National Bank
-
Downers Grove, IL
FULL_TIME
- Who We Are At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started. With grea...
- 8 Days Ago
- Baxter
-
Deerfield, IL
FULL_TIME
- This is where you save and sustain lives At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You'll feel a s...
- 6 Days Ago
- Bally's
-
Chicago, IL
FULL_TIME
- About Bally's: Bally’s Corporation is one of the world’s leading entertainment companies, with millions of players across digital gaming platforms and traditional casino venues. Recognized for our inn...
- 19 Days Ago
- Ballys Chicago Operating Co LLC
-
Chicago, IL
FULL_TIME
- About Bally's: Bally’s Corporation is one of the world’s leading entertainment companies, with millions of players across digital gaming platforms and traditional casino venues. Recognized for our inn...
- 19 Days Ago
- Gibraltar
-
Westmont, IL
FULL_TIME
- The Opportunity The compliance analyst’s role is to work with the Compliance Administrator to ensure that evidence for information technology controls is collected, reviewed, checked for required attr...
- 22 Days Ago
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0 Compliance Analyst (Banking), Sr. jobs found in Chicago, IL area
- Gresham Partners, LLC
-
Chicago, IL
- Founded in 1997, Gresham Partners, LLC is a $8 billion Chicago-based investment and wealth management firm serving a sel...
- 4/19/2024 12:00:00 AM
- Shirley Ryan AbilityLab
-
Chicago, IL
- By joining our team, you'll be part of our life-changing Mission and Vision. You'll work in a truly inclusive environmen...
- 4/19/2024 12:00:00 AM
- ACCIONA Energía
-
Chicago, IL
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- 4/18/2024 12:00:00 AM
- V-Soft Consulting
-
Deerfield, IL
- Sr, IT Risk and Compliance Analyst Primary Location: Bannockburn, Illinois V-Soft Consulting is currently hiring for a S...
- 4/18/2024 12:00:00 AM
- Old Second National Bank
-
Downers Grove, IL
- Who We Are At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individu...
- 4/18/2024 12:00:00 AM
- HUB International
-
Chicago, IL
- About Us: At HUB International, we are a team of entrepreneurs. We believe in empowering our clients, and we do so by pr...
- 4/17/2024 12:00:00 AM
- Prequel Solutions
-
Cary, IL
- Job Description Job Description Prequel is seeking candidates for a Senior Financial & Compliance Analyst with a reputab...
- 4/17/2024 12:00:00 AM
- Department Of The Treasury
-
Chicago, IL
- Duties WHAT IS THE LBI - LARGE BUSINESS AND INTERNATIONAL DIVISION? A description of the business units can be found at:...
- 4/16/2024 12:00:00 AM
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