Risk Management Specialist – Compliance and Audit Position Available In Ashe, North Carolina

RISK MANAGEMENT SPECIALIST – COMPLIANCE AND

AUDITDepartment:

Risk ManagementReports To:

Senior Risk ManagerSupervises:

NoneJob Description:

This role is responsible for monitoring programs that ensure the financial institutions compliance with laws, regulations, and policies governing compliance. This includes maintaining the compliance management framework for LifeStore, assisting in the completion and documentation of risk-based internal audit activities, interpreting the results of audit work performed and determining internal control weaknesses. This role is also responsible for coordinating and maintaining the Vendor Management and Business Continuity Programs.

Primary Job Functions may include:

Regulatory ComplianceServe as the Banks Subject Matter Expert (SME) for regulatory compliance, specifically regarding deposit and lending regulations.

Stay current on new and changing state and federal banking regulations and best practices to provide guidance and/or training to improve the Banks understanding of related laws and regulatory requirements and assess emerging compliance risks.

Work with various department managers on implementing and maintaining appropriate policies, procedures, and controls to ensure compliance with regulations.

Maintain policies and procedures within the policy management system, monitor the adequacy of the policies and controls, ensure they remain current, and submit policy updates to the Board of Directors as needed.

Assist in compliance reviews of marketing activities.

Oversee the complaint management process to ensure customer complaints are addressed timely and comprehensively.

Advise lines of business during the development of new products and services and evaluate regulatory compliance risk levels.

Internal AuditAssist in the creation and maintaining of bank wide risk assessments.

Prepare for internal audits by reviewing audit procedures, applicable risk assessments, consulting with the Senior Risk Manager and department managers.

Performs transaction testing for internal audits including pulling deposit and loan account documents for audit samples, and meeting with department managers and/or internal control process owners.

Analyze documentation to evaluate design effectiveness and efficiency of controls.

Identify and communicate internal control weaknesses, risks, and root causes to the Senior Risk Manager.

Complete Internal Audit reports.[]{style=”font-size: 7pt; font-family: ‘Times New Roman’; font-weight: normal; font-stretch: normal; font-style: normal; f”}