Compliance Officer Jobs in Tennessee

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Bank of Frankewing has been a trusted local financial resource, proudly serving our community with integrity and dedication. As a family-oriented institution, we prioritize building long-lasting relationships and creating a supportive work environment for our employees. With a legacy of service and commitment, we continue to provide personalized banking solutions that meet the needs of our customers and offer a great place to grow your career.

The Compliance Officer is responsible for ensuring that the company adheres to all relevant laws, regulations, and internal policies. This role involves monitoring compliance programs, identifying and assessing risks, performing audits, and ensuring all activities meet regulatory requirements. The Compliance Officer works closely with internal departments to support adherence to industry standards and regulatory obligations, minimizing legal risks while fostering a culture of compliance across the organization.

Key Responsibilities:

• Regulatory Monitoring: Stay up-to-date with industry regulations and laws, including changes to local, state, and federal requirements. Ensure the company is fully compliant with all relevant legal and regulatory standards.
• Policy Development and Enforcement: Develop, implement, and enforce internal compliance policies and procedures. Ensure all employees understand and adhere to these policies.
• Risk Management: Conduct regular risk assessments and compliance audits to identify areas of vulnerability. Work with key stakeholders to develop strategies for mitigating risks.
• Training and Education: Provide training and guidance to employees on compliance matters. Ensure that staff is informed about new or updated compliance requirements.
• Compliance Reporting: Prepare and present regular compliance reports for senior management, detailing the current compliance status, any violations, and recommendations for improvements.
• Investigation and Resolution: Investigate potential compliance violations, including monitoring, reporting, and resolving any issues in accordance with internal policies and external regulations.
• Liaison with Regulatory Authorities: Serve as the primary contact for regulatory bodies, ensuring that all required documentation is submitted on time and that regulatory inquiries are addressed promptly.
• Continuous Improvement: Continuously improve the company’s compliance framework by suggesting enhancements and new best practices to keep pace with changing regulations.
• Audit Support: Assist with internal and external audits, ensuring all required documentation and compliance reports are provided and any issues are addressed.

Core Competencies:

• Attention to Detail: Ensure that all compliance activities are carried out with meticulous attention to detail and accuracy.
• Problem Solving: Use strong analytical skills to identify potential compliance issues and develop practical solutions.
• Communication: Ability to clearly communicate complex regulatory concepts to employees at all levels, fostering a culture of compliance across the organization.
• Ethical Judgment: Demonstrate strong ethical standards and the ability to make sound decisions that align with legal, regulatory, and company policies.
• Collaboration: Work effectively with various teams across the organization to integrate compliance into everyday business operations.

Digital Skills:

• Software Proficiency: Proficient in Microsoft Office Suite (Word, Excel, Outlook), and familiarity with compliance management tools, data analytics, and reporting systems.
• Technology Adaptability: Comfortable with digital technologies, including document management systems and audit software. Ability to quickly learn new tools as needed.
• Online Research: Skilled in conducting online research to stay informed on changes in regulations and best practices.

Education and Experience:

• Education: Bachelor’s degree in Business, Finance, Accounting, Law, or a related field is preferred.
• Experience: At least 3-5 years of experience in compliance, risk management, or a related field, preferably within [specific industry, e.g., banking, healthcare, finance].
• Certifications: Compliance-related certifications (e.g., Certified Compliance & Ethics Professional - CCEP, Certified Regulatory Compliance Manager - CRCM) are a plus.
• Knowledge: In-depth knowledge of compliance regulations, risk management frameworks, and industry-specific laws. Experience in conducting compliance audits and reporting is preferred.