The Bancorp Bank Enterprise Compliance Analyst in Sioux Falls, South Dakota

Position Summary

Ensure products and processes for a variety of business lines are in compliance with all applicable State and Federal regulatory laws and regulations as part of a robust Compliance Management System. Provide compliance oversight and advisory services to deposit and lending business lines and to related functional support areas.

Duties and Responsibilities:

  • Perform risk-based periodic reviews in accordance with the company’s compliance management program, including independent sampling and testing as part of the Bank’s second line of defense function.

  • Continuously assess the adequacy of Bank policies, procedures and risk assessments against regulatory requirements, including, but not limited to: Regulations D, E, CC, DD, B, Z, UDAAP, UDAP, GLBA, ESIGN, SCRA, CRA, O, M, and the Fair Credit Reporting Act.

  • Oversee and validate required remedial efforts for issues identified by in-business monitoring, compliance testing, and independent audit.

  • Maintain close working relationships with key internal stakeholders, including Financial Crimes Risk Management, Third-Party Risk, and the various lines of businesses.

  • Maintain knowledge of regulatory changes, supervisory guidance and industry best practices to ensure appropriate advisory support is provided to the impacted areas of the bank.

  • Perform other compliance-related duties as assigned.

Education/Experience:

  • An undergraduate degree in a banking-related field or an equivalent combination of training and experience.

  • A minimum of 3 – 5 years of related banking experience in compliance testing or auditing deposit and lending regulations for multiple lines of businesses.

Other Qualifications:

  • Comprehensive working knowledge of consumer and commercial banking laws and regulations;

  • Demonstrated ability to apply regulatory interpretation to complex banking products and processes;

  • Strong research and analytical skills with attention to detail and organization;

  • Excellent verbal, written, and interpersonal communication skills;

  • Ability to simultaneously prioritize and manage multiple projects and deadlines;

  • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook. Experience in relational databases (Quick Base) is preferred.

The Bancorp is an Equal Opportunity employer

External Company Name: Bancorp Bank, The

External Company URL: https://www.thebancorp.com/

Street: 6100 South Old Village Place