Job Summary
- Company
- Umpqua Bank
- Location
- ROSEBURG, OR 97470
- Industries
- All
- Job Type
- Full Time
- Employee
- Career Level
- Experienced (Non-Manager)
- Job Reference Code
- DM12965
Business Unit Compliance Officer - Roseburg
About the Job
"Welcome to the World's Greatest Bank." We know. That's one heck of a greeting to make. It's also a dandy of a promise to keep. But that's what makes working at Umpqua different. From providing a comfortable place for customers to relax, sip coffee and read the paper to promoting and celebrating local music, we're continually re-defining what a community bank is and can be. Challenging convention and going where no bank has gone before is what we do best. Especially if it creates an innovative, unsurpassed customer service experience.
For the second year in a row Umpqua Bank made FORTUNE magazine's prestigious "100 Best Companies To Work For" list, moving up in the ranks from 34th to the 13th best company to work for in the United States.
If you'd like to leave the norm behind and change the way the world sees banking, consider the possibilities at Umpqua.
SUMMARY
The Business Unit Compliance Officer is responsible for ensuring regulatory compliance within the business unit. This officer reports directly to the EVP who leads the business unit, with dotted line oversight to the corporate level Compliance Manager.
MAJOR RESPONSIBILITIES
? Ensure disclosures, marketing collateral and all consumer customer communications are compliant with relevant consumer protection laws and regulations.
? Maintain version control of all printed material including agreements, disclosures, marketing collateral and customer communications.
? Ensure business unit policies and procedures are compliant with all relevant consumer protection laws and regulations and the bank’s stated policies and procedures.
? Maintain current consumer compliance risk assessment consistent with the risk assessment framework established by the Chief Compliance Officer.
? Establish and administer the transaction monitoring program for relevant consumer compliance laws and regulations. Establish reasonable standards including testing frequency, sample sizes, tolerable error rates consistent with standards established by the Chief Compliance Officer. Maintain reasonable documentation of transaction monitoring for future review by internal audit and regulators.
? Identify root cause of transaction monitoring exceptions and remediate those exceptions.
? Develop a comprehensive working knowledge of FDIC Compliance Examination Manual covering compliance regulations applicable to the business unit.
? Work with Cultural Enhancement Training Group to ensure that associates within the business unit maintain awareness and reasonable working knowledge of all relevant consumer compliance regulations. Training programs should be tailored and job specific where appropriate.
? Monitor FDIC, FFIEC and FRB for current developments related to consumer compliance regulations relevant to line of business. Initiate projects to implement new or revised consumer compliance regulations.
? Work with Corporate Compliance and Internal Audit to prepare of regulatory examinations.
? Actively participate as a member of the Compliance Committee.
? Work with other Business Unit Compliance Officers and the Corporate Compliance Department to ensure a consistent approach with respect to consumer compliance regulations impacting more than one line of business.
? Provide technical compliance advice and guidance in response to business unit questions and in reviews of new products, services and delivery systems.
? Provide job-specific compliance training to associates in the business unit.
? Assist business unit management in developing appropriate control processes to address compliance issues identified in audits and examinations; validate effectiveness of new compliance control processes as necessary.
? Demonstrate compliance with all bank regulations applicable to the assigned job function.
? Follows all Bank policies and procedures, compliance regulations, and completes all required annual required or job-specific training.
? Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.
? Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become "The World's Greatest Bank."
Ability to demonstrate compliance with all bank regulations for assigned job function and apply to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Must be able to keep up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required, annual required, or job-specific training.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.
N/A
For the second year in a row Umpqua Bank made FORTUNE magazine's prestigious "100 Best Companies To Work For" list, moving up in the ranks from 34th to the 13th best company to work for in the United States.
If you'd like to leave the norm behind and change the way the world sees banking, consider the possibilities at Umpqua.
SUMMARY
The Business Unit Compliance Officer is responsible for ensuring regulatory compliance within the business unit. This officer reports directly to the EVP who leads the business unit, with dotted line oversight to the corporate level Compliance Manager.
MAJOR RESPONSIBILITIES
? Ensure disclosures, marketing collateral and all consumer customer communications are compliant with relevant consumer protection laws and regulations.
? Maintain version control of all printed material including agreements, disclosures, marketing collateral and customer communications.
? Ensure business unit policies and procedures are compliant with all relevant consumer protection laws and regulations and the bank’s stated policies and procedures.
? Maintain current consumer compliance risk assessment consistent with the risk assessment framework established by the Chief Compliance Officer.
? Establish and administer the transaction monitoring program for relevant consumer compliance laws and regulations. Establish reasonable standards including testing frequency, sample sizes, tolerable error rates consistent with standards established by the Chief Compliance Officer. Maintain reasonable documentation of transaction monitoring for future review by internal audit and regulators.
? Identify root cause of transaction monitoring exceptions and remediate those exceptions.
? Develop a comprehensive working knowledge of FDIC Compliance Examination Manual covering compliance regulations applicable to the business unit.
? Work with Cultural Enhancement Training Group to ensure that associates within the business unit maintain awareness and reasonable working knowledge of all relevant consumer compliance regulations. Training programs should be tailored and job specific where appropriate.
? Monitor FDIC, FFIEC and FRB for current developments related to consumer compliance regulations relevant to line of business. Initiate projects to implement new or revised consumer compliance regulations.
? Work with Corporate Compliance and Internal Audit to prepare of regulatory examinations.
? Actively participate as a member of the Compliance Committee.
? Work with other Business Unit Compliance Officers and the Corporate Compliance Department to ensure a consistent approach with respect to consumer compliance regulations impacting more than one line of business.
? Provide technical compliance advice and guidance in response to business unit questions and in reviews of new products, services and delivery systems.
? Provide job-specific compliance training to associates in the business unit.
? Assist business unit management in developing appropriate control processes to address compliance issues identified in audits and examinations; validate effectiveness of new compliance control processes as necessary.
? Demonstrate compliance with all bank regulations applicable to the assigned job function.
? Follows all Bank policies and procedures, compliance regulations, and completes all required annual required or job-specific training.
? Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.
? Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become "The World's Greatest Bank."
Ability to demonstrate compliance with all bank regulations for assigned job function and apply to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Must be able to keep up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required, annual required, or job-specific training.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.
N/A
