Risk Compliance Officer in Memphis, TN at First Tennessee Bank

Date Posted: 10/18/2019

Job Snapshot

Job Description

Risk Compliance Officer

The primary responsibility of this position is to conduct testing of all Products and Services to all applicable regulations in which Corporate Compliance has oversight responsibility. Must have a knowledge of all state and federal laws and regulations related to Consumer, Trust, and Commercial Compliance to be leveraged as part of other testing responsibilities. Must have transferrable skills that demonstrate the knowledge and ability to interpret and vet laws and regulations. The ability to analyze large sets of data in a timely manner. This job involves the exercise of discretion and judgment. Exhibits a sense of urgency, adheres to deadlines (both internal and those required by law) and meets department quality standards for accuracy and completeness of work. Participates in company wide project initiatives that expand and advance the Corporate strategy while ensuring processes/changes implemented are in compliance with all applicable laws and regulations; including but not limited to: new/expanded products, services, initiatives, systems, and marketing.

Coordinate with business partners to gather appropriate information to complete all required testing reviews while maintaining a robust testing program to ensure the Bank maintains a regulatory compliant Compliance Program. Maintain current awareness of all related laws and regulations. Read and interpret legal documents and government regulations. Assist the Line of Business (LOB ) in business development, planning, process and control management. Exercise discretion and judgment identifying risk/control gaps that may have an adverse impact; and the ability to communicate issues and root causes effectively to the CT Manager. Ensuring the timely completion of assigned reviews while maintaining a quality work standard. This position requires the safekeeping and complete confidentiality of all customer transactions and information, including that of other bank personnel.

Using sound judgement when communicating and discussing findings with the CT Manager; and assisting the CT Manager to ensure corrective action implemented satisfactorily addresses any issues noted. Maintaining necessary workpaper standards to meet the requirements of internal partners (Internal Audit) and regulatory agencies (OCC, CFPB, etc.).
Maintaining a commitment to continuous learning and developing knowledge and skills to competently and efficiently execute assignments. If applicable, assist the CT Manager to ensure corrective action plans are implemented timely.

Maintaining a commitment to continuous learning and developing knowledge and skills to competently and efficiently execute assignments. If applicable, assist the CT Manager to ensure corrective action plans are implemented timely. Requirements Required:
• Financial Institution experience
• Risk Management and/or compliance background
• Background in preparing for internal (Compliance Testing and/or Audit) and external (regulatory) examinations preferred.

Accurate typing, spelling and grammar skills.
Proficient with applicable computer software.
Good research, written and oral communication skills.
Good organizational and customer service skills.
Ability to read and interpret legal documents and government regulations and work well under pressure.
Knowledge of Banking Products and Services preferred.
Legal Background preferred.

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  • All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, gender stereo typing, and age. First Tennessee is an EO employer – M/F/Vets/Disabled.
  • Please view Equal Employment Opportunity Posters provided by OFCCP