Monitoring and Oversight Analyst (Hybrid)

***After the initial training period, this is a hybrid role, working onsite in our Sioux Falls, SD office.***

Performs regulatory and operational testing to ensure products and processes for applicable clients are following applicable laws and regulations.

Essential Functions

Completes regulatory testing in accordance with the Bank's approved compliance management system (CMS).
1. Performs periodic reviews in accordance with the prescribed schedule assigned by management.
2. Reports testing results; tracks, logs, and maintains records of testing outcomes, management responses, and Monitoring and Oversight responses, as applicable. Conducts validation of root cause analysis of identified incidents, collaborates with Compliance and the line of business to determine appropriate corrective actions to mitigate risk, and performs validation to confirm the effectiveness of client remedial efforts.
3. Prepares detailed summaries of identified findings for the Remediation Project Team and actively participates in client meetings to review and discuss testing outcomes, root cause analysis, and corrective actions, including validation of remediation effectiveness.
4. Produces final reports on testing results which are distributed to FTS Division, Leadership, and Regulatory Agencies, upon request.
5. Develops close working relationships with internal and external business partners by promptly responding to questions, concerns, and remedial items.
6. Plans, organizes, and prioritizes assigned reviews to ensure deliverables meet departmental standards.
7. Keeps abreast of regulatory changes, supervisory, and industry trends. Determines impact, if any, on company operations, processes, and procedures and recommend changes to management.
8. Performs other duties and projects as assigned.

• Undergraduate degree in a related field or an equivalent combination of training and experience.
• A minimum of 2 years of bank regulatory compliance or audit experience.

• Strong working knowledge of operational processes, consumer banking and credit regulations, including UDAAP principles, BSA/AML requirements for onboarding new customers, and related compliance testing processes.
• Excellent verbal, written, and interpersonal communication skills.
• Ability to manage multiple projects and deadlines simultaneously.
• Team player, able to work effectively in a team fostered, multi-tasking environment.
• Detail oriented with strong organizational skills.
• Operational knowledge of regulatory citations within assigned reviews.
• No Travel Required.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information: click here

Diversity & Inclusion at The Bancorp Bank: click here

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

#LI-CB1

#LI-Hybrid