Senior Regulatory Compliance Testing Specialist

BOK Financial

(Tulsa, Oklahoma)

Full Time

Job Posting Details

About BOK Financial

BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states – Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.

Summary

The **Senior Regulatory Compliance Testing Specialist** supports the Regulatory and Projects Support Manager by conducting compliance testing to evaluate the effectiveness of business practices in meeting regulatory compliance requirements. The Senior Regulatory Compliance Testing Specialist performs, and documents compliance monitoring for deposit and operational, fiduciary compliance regulations. The Senior Regulatory Compliance Testing Specialist assists in the preparation of written reports to the Chief Risk Officer. The Senior Regulatory Compliance Testing Specialist may develop subject matter expertise in a specified compliance topic. Additional duties may include due diligence of proposed acquisitions and special investigations or reviews.

The Senior Regulatory Compliance Testing Specialist provides consultation to Bank Operations Management regarding application of laws and regulations and advises on strategies to enhance business processes to improve compliance effectiveness. Such consultation generally is supported by complex research of existing laws, regulations, and published commentaries. The Senior Regulatory Compliance Testing Specialist also provides functional guidance to lower level Compliance Testing personnel. The Senior Regulatory Compliance Testing Specialist, like all Compliance Department personnel, follows guidance and frameworks established by applicable state and federal regulatory agencies, including but not limited to, the OCC, CFPB, FINRA, and SEC.

The Senior Regulatory Compliance Testing Specialist supports the Regulatory and Projects Support Manager by conducting compliance testing to evaluate the effectiveness of business practices in meeting regulatory compliance requirements. The Senior Regulatory Compliance Testing Specialist performs, and documents compliance monitoring for deposit and operational, fiduciary compliance regulations. The Senior Regulatory Compliance Testing Specialist assists in the preparation of written reports to the Chief Risk Officer. The Senior Regulatory Compliance Testing Specialist may develop subject matter expertise in a specified compliance topic. Additional duties may include due diligence of proposed acquisitions and special investigations or reviews.

Responsibilities

Coordinates, performs, and documents compliance testing across all areas of Bank Operations to ensure adequate compliance with complex laws and regulations. Assists in the preparation of reports for senior management. Escalates identified issues to the Regulatory and Projects Support Manager. Identifies compliance controls and ensure appropriate testing of controls. Monitors remediation activities of identified issues, escalation of past-due items.
Provides consultation to Bank Operations Managers regarding application of laws and regulations. Advises on strategies to enhance business processes to improve compliance effectiveness.
Develops new testing based on changes to existing products, services, or business process or based on changes to existing laws or regulations.

Ideal Candidate

* General knowledge of Bank Operation regulations such as Consumer Compliance regulations relative to fair and equitable treatment: Reg AA—Unfair, Deceptive, Abusive Acts and Practices; Act; Reg. P—Privacy of Consumer Financial Information; Reg BB—Community Reinvestment Act, Reg DD—Truth In Savings Act; Reg CC—Expedited Funds Availability Act, Reg E
* Comprehensive knowledge and understanding of banking operations; broad knowledge and understanding of all facets of banking
* Strong knowledge of federally recognized examination procedures to evaluate compliance with consumer related laws and regulations
* Excellent analytical ability and organizational skills
* Excellent oral and written communication skills
* Advanced PC and software skills (spreadsheet, data base, and report writing software packages)
* Excellent team building skills
* Ability to interact with Operation Managers to ensure that analytical results are understood and recommendations are implemented
* Ability to prioritize and multi-task, and demonstrated ability to meet deadlines
* Bachelor’s degree or 5-7 years banking experience with at least two years in a monitoring or testing function.
* Experience in Consumer protection or Community Reinvestment activities would be beneficial as a Commissioned Bank Examiner (CFPB, OCC, FDIC, DOJ). Professional certification (CRCM or equivalent) would be beneficial.

General knowledge of Bank Operation regulations such as Consumer Compliance regulations relative to fair and equitable treatment: Reg AA—Unfair, Deceptive, Abusive Acts and Practices; Act; Reg. P—Privacy of Consumer Financial Information; Reg BB—Community Reinvestment Act, Reg DD—Truth In Savings Act; Reg CC—Expedited Funds Availability Act, Reg E
Comprehensive knowledge and understanding of banking operations; broad knowledge and understanding of all facets of banking
Strong knowledge of federally recognized examination procedures to evaluate compliance with consumer related laws and regulations
Excellent analytical ability and organizational skills
Excellent oral and written communication skills
Advanced PC and software skills (spreadsheet, data base, and report writing software packages)
Excellent team building skills
Ability to interact with Operation Managers to ensure that analytical results are understood and recommendations are implemented
Ability to prioritize and multi-task, and demonstrated ability to meet deadlines
Bachelor’s degree or 5-7 years banking experience with at least two years in a monitoring or testing function.
Experience in Consumer protection or Community Reinvestment activities would be beneficial as a Commissioned Bank Examiner (CFPB, OCC, FDIC, DOJ). Professional certification (CRCM or equivalent) would be beneficial.