Bank Compliance Analyst
Location: St. Louis, MO
# of Positions 1
Job Type Professional/Technical
Full/Part Time Full-Time
Weekends Required Not Required
Why State Farm®?
Our commitment to customers makes us the No. 1 insurer of cars and homes in the United States.
This same commitment to our work force is how we got here and how we stay here. Our 90-year track record highlights State Farm as an employer of choice committed to providing career opportunities that last a lifetime.
From diverse backgrounds and talent, to meaningful work and comprehensive benefits, "Like a good neighbor..." isn't just a slogan. It's who we are and how we do business.
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WHAT ARE THE DUTIES AND RESPONSIBILITIES OF THIS POSITION?
•Interacts with product segments to provide compliance support on products and services
•Provides training and education on compliance topics as necessary
•Completes scheduled and ad hoc reports for Bank management on compliance issues
•Participates in tracking consumer complaints and agent performance issues
WHAT KNOWLEDGE AND SKILLS ARE NEEDED TO BE SUCCESSFUL IN THIS POSITION?
•Develops broad-based knowledge of banking with a focus on assigned business lines
•Participates in project groups and committees
•Establishes business relationships with various Bank product lines, service areas, and vendors
•Develops an understanding of the federal regulatory environment applicable to the Bank
•Communicates with enterprise compliance contacts
•Proposes updates and revisions to Bank compliance policies and procedures.
•Researches product/service compliance assessments
•Reviews Bank-related marketing, advertising, and communication pieces.
ITEMS OF NOTE
•May require passing additional background checks
•May work irregular hours based on workload and job requirements
•May require travel via commercial transportation and/or driving motor vehicles to various State Farm business locations, seminars, conferences, and/or industry meetings
This position is for the Fair and Responsible Banking team within the Bank Compliance department. The position will be apply regulatory and industry knowledge to analyze, trend and report fair lending and UDAAP risk within the Bank. Additional responsibilities will include performance reviews, risk assessments and product change requests.
Additional Responsibilities/Preferred Skills
* Risk identification and ability to develop risk mitigation strategies
* Ability to work independently and as part of team
* Ability to work with multiple levels of the organization
* Ability to express ideas and facts effectively
* Build and maintain relationships that support and improve personal/team effectiveness.
* Use detailed knowledge of how state and federal regulations are applied in the State Farm Bank environment.
* May train, mentor, and provide peer-level oversight.
* Participate on project teams. May occasionally lead a project or portions of a project.
* Evaluate workflows in order to identify areas for increased efficiency and effectiveness.
* Work independently and makes decisions/ recommendations with little supervision.
CRCM is preferred.
Although not required, a bachelor's degree, is also strongly preferred.
Entry into a Bank position may require passing additional background checks, including a credit check.
BENEFITS: TOTAL REWARDS
Our Total Rewards benefits package includes:
•Competitive starting salary
•Annual merit reviews
•Annual bonus potential
You may also be eligible to participate in Medical, Dental, Life and Disability Insurance, Vision, 401(k) Plan, Credit Union, a fully funded retirement pension plan, and more.
For more information about our company, careers and Total Rewards, visit www.statefarm.com/careers. You can also learn more about what to expect from our employment process here.
State Farm Insurance is an equal opportunity employer