Compliance Specialist

Posted 7 Days Ago
Be an Early Applicant
2 Locations
Mid level
Fintech • Software • Financial Services
The Role
The Compliance Specialist analyzes, evaluates, and monitors compliance activities, providing recommendations to management. Responsibilities include reviewing data and processes, reporting testing results, and learning applicable laws and regulations. This role requires strong analytical, communication, and collaboration skills and operates independently with minimal supervision.
Summary Generated by Built In

Pay Range: $24.98 - $33.31

This position is responsible for analyzing, evaluating, monitoring and/or documenting compliance activities while communicating and making recommendations to management to help ensure the company complies with applicable laws, regulations, policies or procedures. Compliance Specialists perform a wide range of tasks. Whether it is executing testing or providing operational, technical support, tasks involve thoughtfully, effectively and efficiently reviewing data, transactions, records, processes and other outcomes according to departmental policies and procedures. This work is completed independently with minimal supervision when completing assignments in accordance with department standards for timeliness, accuracy and completeness.

Education and Experience:

  • 3-5 years of Banking or Regulatory related experience (or educational equivalent)

Skills and Abilities:

  • Strong written and verbal communication skills
  • Ability to work independently as well as in a team environment
  • Strong analytical skills and creative problem solver
  • Strong collaboration skills and ability to establish working relationships at all levels of the company
  • Proficient in Microsoft Office 365
  • Strong research skills and familiarity with banking laws and regulations
  • Demonstrated ability to perform in a fast-paced environment, completing many tasks simultaneously while maintaining strong attention to detail and an appropriate sense of urgency

Tasks Performed:

  • 70% - Complete low to moderately complex and/or lower risk assignments by thoughtfully, effectively and efficiently reviewing data, transactions, records, processes and other outcomes according to departmental policies and procedures timely and according to department standards. 
  • 15% - Develop summary information and recommendations based on results of your assignments and support the development and maintenance of information reports for communicating testing performance, results, and impacts.
  • 10% - Research, study and learn applicable laws and regulations, product features, systems and processes.
  • 5% - Perform other duties as assigned

 

Physical Requirements:

  • Communicate effectively with internal and/or external customers
  • Stationary 75% of time or greater
  • Move Objects to Maximum 10 lb

Benefits for Full-Time Employees: 

  • Generous Paid Time Off: At least 22 days annually, prorated in the year of hire. 

  • Parental Leave: Six weeks of paid leave at 100% of your salary. 

  • Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants. 

  • Dental and Vision Coverage: Ensuring your overall health and well-being. 

  • Flexible Spending Accounts: For healthcare and dependent care expenses. 

  • Employer-Paid Disability Coverage: Both short-term and long-term, with an option to purchase additional long-term coverage. 

  • Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage. 

  • Voluntary Benefits: Including hospital, accident, and critical illness coverage. 

  • Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.

  • Adoption Assistance: Supporting your growing family. 

  • Tuition Reimbursement: Invest in your education and career growth. 

  • Employee Assistance Program (EAP): Access to support and resources. 

  • Financial and Banking Services: Various benefits and financial planning assistance. 

Benefits for Part-Time Employees Working 20+ Hours/Week: 

  • Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants. 
  • Generous Parental Leave: Six weeks of paid leave at 100% of your salary. 

Benefits for All Part-Time Employees: 

  • Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year, all designed to help secure your future

  • Paid Sick and Safe Leave: For your health and safety. 

  • Employee Assistance Program (EAP): Access to support and resources. 

  • Financial and Banking Services: Various benefits and financial planning assistance. 

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.

The Company
HQ: NorwichNorwich, NY
1,558 Employees
On-site Workplace
Year Founded: 1856

What We Do

NBT Bancorp Inc. is a financial services holding company headquartered in Norwich, N.Y. The company primarily operates through NBT Bank, N.A., a full-service community bank and two financial services companies. NBT Bank has over 150 locations in seven states with offices in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. NBT Bank is an Equal Housing Lender and member of FDIC. EPIC Advisors, Inc., based in Rochester, N.Y., is a full-service 401(k) plan recordkeeping firm. NBT Insurance Agency, LLC, based in Norwich, N.Y., is a full-service insurance agency.

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