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WASHINGTON TRUST BANK Business Unit Compliance Officer in Spokane, Washington

DescriptionThe Business Unit Compliance Officer (BUCO) is responsible for overseeing and administering the business line compliance program for designated business area(s). Responsibilities include, but are not limited to, evaluation of internal controls, monitoring and procedures, execution of control testing and periodic risk assessments, management of issues and corrective actions, management reporting, regulatory change implementation, and compliance training. The BUCO is expected to be knowledgeable in all phases of products, services, and/or operations of their designated business line(s) to provide compliance leadership and direction regarding regulatory requirements and compliance related functions. Additionally, assists other areas of the bank in obtaining, tracking, and communicating department compliance information and may serve as a subject matter expert on project teams. The BUCO is authorized to implement mitigating controls and processes necessary to effectively manage the compliance risk of the business and responsible for escalating compliance risks and concerns to business line management and Corporate Compliance.ESSENTIAL FUNCTIONSProductionIn conjunction with management, develops, implements, and maintains standards for department activities to ensure compliance with regulatory agencies, bank policy, and audits.Prepares detailed reports for management, advising on problems related to quality control compliance risk in regard to loan servicing and collateral perfection quality controls.Develops and maintains a working knowledge of banking laws and regulations by reading various publications and circulars, attending training, seminars, and meetings with peers.Supports various department operations work groups to ensure data integrity, compliance, quality control and operational risk requirements are met.Ensures departmental procedures are updated to reflect changes in law or regulations; oversees and develops changes to procedures to minimize compliance risk and maintain proper controls.Coordinates the distribution of external/internal policy and procedures.Partners with Corporate Compliance and other departments to creatively solve problems, meet internal and external customers' needs, and improve efficiencies while ensuring bank compliance.Partners with Management and other business line stakeholders to test and implement new products, systems, and procedures, following department guidelines.Actively attends Bank training and meetings, building professional relationships with peers.Oversees departmental self-audits and certifications of Bank operations relevant to their department, documenting quality control compliance with state and federal regulations, and policies and procedures, and maintaining accurate records of department activities.Works in conjunction with Corporate Compliance and/or legal counsel to ensure precautionary actions or measures are taken and assists in attaining established compliance goals as directed by the Chief Compliance Officer, Director of Business Line Management, or Director of Operational Risk.Supervises assigned work groups to ensure personnel are trained and/or cross-trained to meet department needs and competency requirements.Performs compliance and risk management duties as required or assigned.Regular, reliable attendance is required.Compliance Serves as Compliance Lead for the department, working in conjunction with Corporate Compliance and leadership to ensure ongoing compliance with laws and regulations applicable to the department and division (including new/revised regulatory requirements or expectations), writing and revising policies and procedures as needed, and communicating updates to the team.Conducts self-tests as needed to ensure ongoing compliance and control effectiveness, with regular reporting of results to Management and Corporate Compliance. Report

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