Compliance Analyst in AR / MS

Job Description

Job Description

Who We Are :

Southern Bancorp is more than a bank; we are designated as a Community Development Financial Institution (CDFI), a special certification for institutions serving predominantly underserved communities. Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Our mission is inspired by the principle that building net worth drives economic opportunity. We strive to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations and Black and Brown individuals.

Job Summary :

The Compliance Analyst ensures bank initiatives and lines of business processes comply with applicable Federal and State banking laws and regulations. Working within Southern’s Compliance Risk Management System framework, the Compliance Analyst works closely with the Compliance Manager to conduct risk-based regulatory compliance monitoring and testing to ensure the effectiveness of the bank’s Compliance Management System.

This position will work in one of our existing Southern Bancorp locations.

Responsibilities :

• Monitor business line compliance with deposit and lending regulatory requirements including Advertising regulations, Fair Credit Reporting Act, Truth-in-Lending Act, Fair Housing Act, Flood Disaster Protection Act, Real Estate Settlement Procedures Act, Homeowners Counseling, Equal Credit Opportunity Act, Home Mortgage Disclosure Act, Electronic Funds Transfer Act, and UDAAP.
• Review policies, procedures, and practices to confirm compliance with laws and regulations.
• Develop monitoring and testing plans for the department to evaluate business line compliance with applicable laws and regulations.
• Perform testing of business line processes to evaluate compliance with applicable laws and regulations.
• Document findings clearly and thoroughly in approved workpapers.
• Analyze findings for patterns and trends
• Work with business line representatives to determine the root cause of issues.
• Evaluate testing results and conclude on the effectiveness of the bank’s compliance related policies, procedures, and processes.
• Draft reports of findings to be communicated to management.
• Develop and maintain the bank’s compliance risk assessments and the Compliance Department’s risk-based monitoring and testing schedule.

Requirements :

Physical Demand & Work Environment : Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

#LI-Onsite

What we offer our employees :

A positive impact on Your Future :

Benefits to improve your health :

The opportunity to nurture your well-being :

Southern Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, sexual orientation, gender identity, gender expression, status as a protected veteran, among other things, or status as a qualified individual with disability. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

As a Community Development Financial Institution, Southern Bancorp desires its workforce to reflect the diversity of the customers and communities that we serve. Racial and ethnic minorities, people from working class backgrounds, women and LGBTQ people are often underrepresented in many financial service industry professions. Therefore, we strongly encourage applications from people with these identities or who are members of other marginalized communities.