Compliance Analyst - Remote

First American Bank was founded in Chicago, and over the years has expanded throughout Wisconsin and Florida. As the largest privately held bank in Illinois, we now have over 60 locations and assets of $5+ billion. We are a community bank at heart with international expertise, traditional values, and a forward-looking philosophy. Our employees have the experience and vision to meet the needs of savers, borrowers, and businesses in the 21st century. First American Bank can offer employees a level of visibility, career growth, and stability that is difficult to find in many larger corporations.

This position is responsible for overseeing department procedures and assisting with overall regulatory compliance within the Wealth Management Group. The Compliance Analyst serves as the subject matter expert for IRA administration and management as well as overall Wealth Management Group training and compliance matters. Additionally, this position serves as lead for the department regarding record retention initiatives.

DUTIES & RESPONSIBILITIES:

Assist the Chief Fiduciary Officer regarding Wealth Management on compliance related issues / projects and coordinate/implement any regulation changes. Participate in all state, federal and internal audits as needed and work with the Wealth Management Group management team to implement changes, enhancements, etc.

Monitor effective dates of changes to regulations. Develop and implement action plans to bring the bank into compliance.

Develop, implement, analyze, and update procedures and policies for the department in accordance with regulations. Ensure compliance by assisting in the preparation and presentation training materials to efficiently and comprehensively educate both new and existing employees to mitigate risk for the bank and maximize departmental efficiency.

Responsible for all matters regarding IRAs including consulting on various proposed transactions, annual tax processing and regulatory needs. Must exercise judgement with respect to required documentation for specific transactions and evaluate First American Bank’s ability to act upon a request.

Ensure all project tasks and phases are completed in a satisfactory manner. Demonstrate a sense of urgency; adhere to deadlines, and effectively manage multiple projects.

Understand project stakeholders’ needs and requirements to execute projects effectively. Utilize experience to make sole determinations and decisions regarding projects while remaining in line with project and stakeholder goals to produce a satisfactory end-product.

Manage document retention policies for department to ensure compliance with internal retention guidelines. Monitor retention libraries regularly and make updates to retention policy as needed.

Identify opportunities for operational efficiency and recommend improvements to streamline processes. Prioritize and adapt operational functions as business needs change, helping team members to assess the needs of the department and project urgencies.

Responsible for system administration of various Wealth Management Group software.

Generates monthly & quarterly reporting including the Board report, overdraft report, PCG monthly reports, and various compliance tracking reports.

Serve as secretary of the Wealth Management Group Compliance Committee.

Serve on various bank committees as the Wealth Management Group representative (SharePoint Governance, CRM, etc.)

Conduct and complete additional assignments/projects as designated by management.

QUALIFICATIONS:

Bachelor’s degree required with emphasis on business, finance, accounting or a minimum five years of financial services. CISP and/or CFIRS preferred.

Minimum of five years of financial services compliance experience with a concentration in training, process improvement and analysis, procedure drafting and regulatory matters.

Demonstrated ability to use critical thinking to mitigate risk.

A history of academic and/or professional success with a persistent desire for professional development and a proven track record of achieving results.

Must be professional, comfortable speaking with external and internal contacts with a demonstrated ability to effectively tailor the message appropriately to the audience and situation.

Demonstrated ability to convey thoughts and ideas effectively and succinctly via written formats, including emails, letters, and electronic platforms. Maintain professional standards relating to spelling and grammar.

Maintain credibility through professional demeanor, appearance, and presence by modeling standards appropriate to our environment and industry.

Maintain good working relationships with internal partners by exhibiting exemplary interpersonal skills, adopting a constructive, solutions-focused approach.

Use sound professional judgment to balance the interests of the organization and customer, understanding and using available resources to mitigate risks.

Proficiency with Microsoft 0365 products and applications, including the ability to effectively prepare or review documents, procedures, and reports.

Experience with FIS AddVantage or Investor's View preferred.

Demonstrated ability to learn new systems and applications, as well as the ability to understand, adapt and adjust responsibilities/workflows resulting from system upgrades.

Occasional travel to other First American Bank locations, Bank functions and training facilities may be required.

Typical hours are Monday through Friday 8:00 a.m. to 5:00 p.m. Additional hours may be required depending upon business need.