BSA - Supervisor of Compliance

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Supervisor of Compliance manages assigned associates / officers of the Compliance Group which includes providing supervision, training, quality control, and overseeing work of applicable staff.

This position performs complex-level professional compliance work; serves as an independent advisor to business unit colleagues and management;

assesses compliance risk across the enterprise and collaborates with business unit managers to mitigate such risks; conducts compliance assessments which include evaluating internal and operational controls, processes, practices, policy, risks, as well as regulation violations.

Supervisor of Compliance works independently under minimal supervision with significant latitude for initiative and independent judgment.

Essential Duties and Responsibilities

• Responsible for all management duties of assigned associates to include hiring, performance management, salary recommendations, training of new associates and skill development of all staff.
• Manages compliance testing program(s) by performing duties such as; self-assessments, developing and updating risk assessments, performing targeted compliance reviews, risk mitigation initiatives, communicating results to the appropriate members of management, evaluating potential risk areas including internal and operational controls, processes, practices, policy, as well as regulation violations.
• Responsible for reviewing regulatory risks associated with new Business initiatives, new products / services and process changes to ensure compliance with applicable rules and regulations.

Accountable for providing sound compliance advice and directing the Business Unit on the resolution of compliance-related issues.

• Prepare periodic reports for senior management, Legal, Compliance, and the Board of Directors (BOD) which identifies significant developments, vulnerability / risks, testing results, key risk indicators, root cause, and initiatives underway.
• Participates in the evaluation and monitoring of operations (i.e., marketing, origination, processing, underwriting, servicing, collection and loss mitigation) to ensure sound compliance practices are being applied across the enterprise and provide regulatory guidance about new and changing regulatory developments.
• Assists in audits and regulatory examinations, including compiling requested information for auditors and examiners by serving as a liaison between the organization and regulatory agencies.

Review consumer complaints for applicable concerns, evaluate potential root causes, and make recommendations to mitigate risk or improve controls.

• Develops, conducts and maintains compliance training materials for entire organization.
• Maintains a comprehensive working knowledge of Federal and State regulatory requirements and responsible for ensuring compliance with all regulations.
• Assists with the preparation and implementation of the Compliance Group goals and objectives including departmental budgets, related plans, and follow-up procedures.
• Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
• Performs other duties and responsibilities as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

Skills

• Ability to read and interpret documents such as procedure manuals, general business correspondence and / or journals or government regulations
• Ability to read, analyze and interpret financial report and / or legal documents
• Ability to write routine reports, procedures and business correspondence
• Ability to respond in writing to customer complaints, regulatory agencies or member of the business community
• Ability to effectively present information in one-on-one and small group situations, to customers, top management, public groups and / or boards of directors

Education and / or Experience

• BS / BA degree and Minimum of 2-4 years’ experience in compliance, audit or other governance functions OR
• Minimum of 4-6 years’ experience working in compliance, audit or other governance functions within a large commercial bank or regulatory agency, with working knowledge of consumer and commercial banking products
• 3 years’ management experience required

Computer Skills

MS Office programs

Certificates, Licenses, Registrations

• Certified Regulatory Compliance Manager (CRCM) certification preferred or the willingness and ability to obtain such certification within 12 months of employment or
• Series 7 & 63 trading licenses through FINRA or
• Registered Investment Agent Certification preferred

Other Qualifications (including physical requirements)

Completion of ABA National, Intermediate, or Graduate Compliance School preferred

Equal Employment Opportunity Information : Simmons First National Corporation and its subsidiaries are committed to a policy of equal employment with respect to a person's race, color, religion, sex, ancestry, sexual orientation, gender identity, national origin, covered veterans, military status, physical or mental disability or any other legally protected classifications.

Simmons First National Corporation and its subsidiaries are committed to Affirmative Action Programs consisting of results-oriented procedures to ensure equal employment opportunities.

These programs require positive action in lieu of neutral non-discrimination and merit hiring / performance policies.