Analyst I (MT), Compliance

This role supports the overall direction of the compliance activities of Merrick Bank Corporation (the “Bank”) by performing, or assisting in the performance of, the primary duties listed below.

Essential Functions:

As directed by compliance management:

• Conduct lending/deposit product testing and monitoring for compliance with various laws and regulations utilizing existing Bank programs.
• Conduct reviews of the Company’s compliance to policies in the areas of lending, deposits, new products, etc., prepare report of findings and present results to leadership.
• Develop comprehensive testing plans for compliance related controls throughout the Bank.  Maintain testing plans within the compliance management application.
• Revise and/or customize testing plans based on results of prior testing, regulatory changes, changes to internal processes, or audit/examination findings.
• Identify control weaknesses or gaps and work with department managers to correct deficiencies.  In addition, be an active participant in helping to identify the root cause of issues identified.
• Assist in the overall implementation of the Bank’s Compliance Management System (CMS) and in the development of an overall compliance testing plan.
• Stay abreast of federal and state regulatory changes.  Report such changes to management and assist in determining appropriate responses, including the development of new testing plans.
• Participate in new product development, system initiatives and other projects to ensure potential compliance related issues are adequately addressed.  Make recommendations to adjust monitoring and testing plans if appropriate.
• Report to the Chief Compliance Officer on any suspect violations of law, regulations or non-compliance to Company policy and take responsibility to ensure resolution.
• Assist in preparing material and resources for regulatory examinations.
• Develop and assist in the implementation of new compliance related processes and special projects.
• Maintain compliance related policies and procedures to ensure continued applicability and completeness.
• Demonstrate an ability to adapt to any changes in the regulatory environment.
• Perform other compliance related duties as assigned by Compliance management and the Chief Compliance Officer.
• Develop and present training on compliance topics as needed.
• Attend conferences and trainings to enhance compliance knowledge and skills (some travel may be required).
• Compliance with Laws and Regulations:
  • Comply with all of the bank’s internal control policies and procedures.
  • Understand and comply with all laws and regulations, policy violations, or illegal acts.  

Education and Experience:

• 2 – 5 years of compliance and regulatory banking experience in consumer credit cards or equivalent educational or banking experience. 
• Applicable certification desired (CRCM, CAMS. Etc.).

Summary of Qualifications:

• Knowledge of banking industry functions including credit, deposit, finance, marketing, operations, etc.
• Knowledge of banking laws and regulations.
• Ability to obtain and maintain industry certifications (CRCM, CAMS, Etc.).
• Effective planning, organizational, time management, and problem-solving skills.
• Ability to work effectively under pressure.  Skilled at handling a variety of assignments simultaneously.  Flexibility and willingness to work at a rapid pace in strict time frames.
• Keyboard and Windows-based applications (Microsoft Office) experience is required.
• Professional demeanor and appearance are necessary; personal work habits that inspire the best in others.
• Effective oral and written communication skills, organizational skills, and sound judgment.  Exhibit diplomacy and patience when dealing with co-workers and others.
• Ability to work independently and without direct or continuous supervisory support.
• Communicate effectively both orally and in writing; present ideas in a clear, concise, understandable, and organized manner.