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Sr Compliance Officer - Advisory

Company: Pacific Premier Bank
Location: Irvine
Posted on: June 7, 2021

Job Description:

The Sr. Compliance Officer - Advisory is responsible for participating in the development and implementation of the Bank's Compliance Management Program; acts in a compliance management role in providing guidance and ensuring execution of compliance related projects, tasks, and functions. Prepare and present reports for various management committees and provides oversight support in audits and examinations. Responsible for acting in a senior or managerial role for the compliance advisory function which may include the supervision and development of a compliance advisory team.

RESPONSIBILITIES

  • Works closely with the Bank's various departments in identifying, defining and remediating various risk-related issues.
  • Maintains a Compliance Library for the Bank; ensure materials are current and available for use and reference
  • Assist in making preparations for audits or exams; coordinates responses to external auditors and regulatory examiners; ensures deficiencies identified from such audits and examination are corrected
  • Consistently applies superior decision-making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
  • Makes recommendations to senior management and Bank personnel, on emerging compliance issues; consults and guides the bank in the establishment of controls to mitigate risks.
  • Works closely with the Bank's various departments in identifying, defining, and remediating various risk-related issues.
  • Provides support to all areas of the department as directed or where service or assistance is needed.
  • Serves as a resource for regulatory matters and compliance related initiatives relating to deposit and lending regulations to branches, business units and management.
  • Disseminates compliance information to management and staff.
  • Provides feedback to business units regarding their compliance activities.
  • Regularly collaborates with Bank's internal business partners.
  • Monitor compliance; provide ongoing assessment of compliance risks.
  • Track compliance issues are adequately corrected in a timely manner.
  • Writes and maintains relevant compliance policies and compliance department procedures.
  • Monitor enterprise compliance training program for relevant laws and regulations.
  • Develops and delivers training presentations on compliance related topics.
  • Coordinates outside training presentations with Bank personnel, as needed.
  • Anticipates monitors and prepares for changes in laws and regulations impacting Bank compliance and communicates those changes to the compliance team and appropriate management.
  • Reviews and approves marketing initiatives, campaigns, advertisements and other internal and external published materials created by the business lines and marketing to ensure compliance with associated laws and regulations through marketing software.
  • Ensure completed checklists are uploaded into marketing software.
  • Performs analysis of complaint data received, identifies potential risks and ensures timely, appropriate responses are provided to complainant.
  • Ensures complaints with legal, regulatory or discriminatory implications are escalated appropriately.
  • Approves closure on complaint portal after ensuring adequacy of response and documentation is in portal.
  • Writes and maintains relevant compliance policies and compliance department procedures.
  • Provides guidance to business partners regarding development of their procedures.
  • Reviews business unit procedures for gaps and assists with closing, if needed.
  • Participate in completing an annual compliance risk assessment
  • Develops job aids as necessary
  • Provide training and guidance to junior staff as applicable-
  • Participates in educational and training events to attain/maintain essential work-related knowledge and information.
  • Responsible for maintaining an awareness of regulatory and legislative developments and industry trends through reading, classes, webinars and seminars.
  • Oversight for enterprise compliance training program for relevant laws and regulations.
  • Develops and delivers training presentations on compliance related topics.
  • Coordinates outside training presentations with Bank personnel, as needed.
  • Monitors web-based training (BVS) to ensure completion of courses assigned to Bank personnel.
  • Responsible for supervisory duties such as hiring, firing, training, coaching, performance evaluation, assigning/monitoring work, disciplinary action, handling grievances, etc.

QUALIFICATIONS

  • 7-10+ years of regulatory compliance experience required in consumer financial services field, or at a regulatory agency required
  • Minimum 5 years of management experience required as a Compliance Officer at a financial institution with assets of $5 billion or more required
  • Experience maintaining effective relationships with regulatory agencies required
  • Direct experience with regulatory compliance examinations required
  • Substantive and current knowledge of consumer and commercial lending, deposit and privacy regulations applicable to banks required
  • Certified Regulatory Compliance Manager (CRCM) and Certified Anti-Money Laundering Specialist (CAMS) or other equivalent certification preferred

EXPERIENCE WITH:

  • B - Equal Credit Opportunity Act
  • Z - Truth in Lending
  • FCRA - Fair Credit Reporting Act
  • FDPA - Flood Disaster Protection Act
  • DD - Truth in Savings Act
  • CC - Expedited Funds Availability Act
  • E - Electronic Funds Transfer Act

Keywords: Pacific Premier Bank, Irvine , Sr Compliance Officer - Advisory, Other , Irvine, California

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