New

Compliance Specialist - Hybrid Opportunity

First American
sick time, 401(k)
United States, California, Santa Ana
1 First American Way (Show on map)
Nov 25, 2024
Who We Are Join a team that puts its People First! As a member of the First American family of companies, First American Trust is a federal savings bank that has provided banking, wealth management, and trust solutions on a national, full-service basis for more than five decades. Since 1889, First American (NYSE: FAF) has held an unwavering belief in its people. They are passionate about what they do, and we are equally passionate about fostering an environment where all feel welcome, supported, and empowered to be innovative and reach their full potential. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For list for nine consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. For more information, please visit www.careers.firstam.com. What We Do This Compliance Specialist position supports First American Trust, a federal savings bank ("the Bank"). The Compliance Specialist is responsible for assisting the Bank's Compliance Department in developing, implementing, administering, and evaluating all aspects of the Bank's compliance program. The individual works with the Bank's compliance team as well as it's fiduciary (trust) and banking business units to ensure that the banking and trust businesses are operating in compliance with applicable laws and regulations, as well as policies and procedures. Tests for business line adherence to applicable laws, regulations, and internal policies and procedures. Coordinates staff training programs, code of ethics certifications, and monitoring for insider trading. Prepares compliance reports for business line management, committees, and the Bank's board of directors. What You'll Do Provides administrative support on compliance programs, activities and examinations. Serves as contact/liaison for assigned area/function. Collects and collates legal research and information from a wide variety of sources. Performs reviews of policies, procedures, controls, and performance to ensure compliance with corporate policy and external regulations for assigned area. Reports results to management and evaluates and recommends corrective action utilizing regulatory guidance and best practices; conducts follow-up. Depending on assigned area/function, may participate in various projects that impact national agents and conduct annual underwriting review of national agents. Monitors and updates action plans; follows up with responsible parties to ensure tasks are completed when due. Generates compliance reports and spreadsheets as needed for both internal and external business needs, which may include high level committees and federal regulators. Provides scheduling, tracking, reporting and/or database support to programs. Maintains quality customer service and relationships with internal and/or external clients and contacts. Remains current with regulatory environment and existing regulations; assesses potential impact of potential regulatory changes and provides commentary as appropriate. Assists with the development and implementation of a compliance monitoring/control program for assigned areas of the organization; including tracking procedures, systems, training, documentation, and self-assessment. May assist in coordinating staff training programs for assigned areas of the organization, such as code of ethics certifications and monitoring for insider trading. Provides other administrative support to legal department. May be responsible for compliance activities in a broader, more complex area, or for multiple areas. Follows functional area's processes and procedures in daily activities, troubleshoots as needed and recommends suggestions for continuous improvements to overall operations. Actively contributes to the results of a team and works toward achieving goals and objectives. What You'll Bring Bachelor's degree or equivalent combination of education and experience 1-3 years of experience in a trust and/or financial services compliance, legal or internal audit role Some knowledge of trust and banking laws and regulations, including Uniform Prudent Investor Act, BSA, AML, OFAC, USA Patriot Act, Investment Advisers Act of 1940, the Securities Exchange Act of 1934 and OCC banking regulations Flexibility of working both independently as well as part of a team Demonstrated solid organizational skills Strong verbal and written communication skills Intermediate level knowledge of business applications (MS Office, Adobe, etc.) Research and summation skills Analytical and investigative skills Detail-oriented Systems knowledge: LexisNexis, FIS AddVantage, SAlesForce CRM, FiServe, Financial Crimes Certification (e.g. CAMS, CFS), Trust certification (e.g. CFIRS, CTFA) preferred Regulatory knowledge: OCC Examination Handbook preferred Experience performing business risk assessments and knowledge of investment management or advisory services preferred Salary Range: $26.21 - $34.95 Hourly This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements and geographic location. What We Offer By choice, we don't simply accept individuality - we embrace it, we support it, and we thrive on it! Our People First Culture celebrates diversity, equity and inclusion not simply because it's the right thing to do, but also because it's the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term. Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan.