Job Description

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)



Please review the following job description:

Assist manager with the managing of risks related to the Premium Finance (PF) businesses federal, state and provincial regulations, including compliance with BB&T and line of business (LOB) policies and procedures. Coordinate and monitor completion of Access Reviews for various PF applications. Develop and revise procedures. Perform complex statistical analysis related to PFs Customer Identification Program (CIP) and other ad hoc requests. Participate in the completion of assigned first line of defense control monitoring, testing and reporting of issues to LOB management.

Essential Duties and Responsibilities:
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Assist in the development, review and updating of operational and compliance procedures.
2. Administer security and conduct quarterly/annual reviews for internet-based loan processing application.
3. Assist in the updating of Business Recovery Plans and coordinate testing.
4. Coordinate borrower and IRS notification when debt greater than $600 has been forgiven.
5. Assist in the review of potential Office of Foreign Asset Control (OFAC) violations and 314a requests.
6. Create Unusual Financial Observation Reports, enter/update access database with the details and provide management with monthly report for the Advisory Board Package.
7. Obtain status updates from management and update monthly Compliance Issue Summaries for the Advisory Board Package.
8. Participate, as needed, in the completion of first line of defense compliance monitoring, including completion of testing and summarizing and reporting of results to the Premium Finance Senior Risk Management and Compliance Manager.
9. Assist manager with vendor monitoring process.
10. Coordinate the sample selection and set up of work papers for Compliance reviews.

Required Skills and Competencies:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelors degree in Business-related field, or equivalent education and related training
2. Two years of audit/compliance experience
3. Strong communication and analytical skills
4. Ability to execute sound judgment based on knowledge and experience
5. Ability to work with minimal supervision and be self-motivated
6. Proficiency in English
7. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products; advanced knowledge in Word, Access and Excel (Excel knowledge must include formulas, macros and pivot tables)
8. Ability to travel, occasionally overnight

Desired Skills:
1. Insurance or financial services experience
2. Ability to interact with all levels within the organization
3. Knowledge of the USA Patriot Act, Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Customer Identification Program requirements