1 day old

Commercial Products Compliance and Operational Risk Officer

Bank of Hawaii
Oahu, HI
  • Job Code

Commercial Products Compliance and Operational Risk Officer-1800202

Does this sound like you?
Are you ambitious?  Want to make a difference in people’s lives?  Do you thrive in an environment that leverages your abilities as a fast learner, good listener, and problem-solver?   If you love challenges, relish complexity, and have moxie, consider applying your unique talents with a Hawaii banking leader – Bank of Hawaii.  Here you can be at the forefront of whatever you do. Welcome to your tomorrow!

A day in your life as a Commercial Products Compliance and Operational Risk Officer:
Under the direction of the Manager, this position supports the execution of compliance programs and operational activities as well as providing analytical support for monitoring of existing compliance and operational risk processes; development and implementation of new compliance and/or operational risk monitoring systems; product/system enhancements and new or amended laws/regulations within Commercial Products, which includes Cash Management and Merchant Services.  Ensures business units’ compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.  

We’ll give you these important responsibilities…
  • Assists in the development and implementation of programs to identify and manage compliance and operational risks stemming from Commercial Products’ products, services and processes and applicable laws and regulations.   Administers a monitoring program for processes and functional activities as necessary to evaluate operational effectiveness and efficiency, and ensure compliance with regulatory requirements and Bank policies and procedures. Conducts reviews of higher risk activities as necessary and recommends appropriate solutions or alternatives to mitigate identified risks.  
  • Analyzes, summarizes and communicates current compliance and operational risk developments to division and department managers, and partners with other business units’ leadership teams and staff, providing compliance and operational risk guidance for the implementation of changes to products and services provided by Commercial Products, as required by: 1) new or amended laws and regulations; 2) new products/product changes; and 3) system conversions, and/or enhancements.  Reviews, rewrites as necessary, and approves related change in terms documents, account agreements, service/product agreements, bank forms, documents, marketing collateral, internal procedure documents, etc. to ensure compliance with applicable laws and regulations and operational risk is appropriately managed. 
  • Performs compliance and operational risk evaluations and monitors business unit activities, in accordance with the approved review program, Bank policies and procedures, departmental desktop procedures, and regulatory requirements.  Prepares work papers documenting review procedures performed, information obtained and conclusions reached.  Completes work within scheduled timeframes.  Identifies internal control weaknesses and value-add recommendations related to inefficient and ineffective procedures. Clearly documents all findings and communicates findings to business unit and informs the applicable Commercial Products manager of the status and results of evaluations and monitoring. 
  • Provides recommendations and guidance to business unit management to ensure new and existing compliance and operating policies and procedures are executable by business unit staff, while maintaining a high quality experience for customers.  Conducts compliance monitoring and prepares for internal audits and reviews and regulatory examinations.  Communicates and corresponds in writing to internal and external auditors.   Identifies issues, formulates recommendations, escalates as necessary and resolves.
  • Develops, reviews, re-writes as necessary, and approves written material (circulars, SPM, desktop procedures, etc.) for operational or procedural changes impacting business unit activities to ensure regulatory compliance.

…if you come to us with these qualifications…

  • Bachelor’s degree from an accredited institution with concentration or major in business, accounting or finance or equivalent work experience.  

  • Minimum 7 years of work experience with responsibility for legal/regulatory compliance of banking laws and regulations, equivalent audit regulatory experience or other equivalent work experience. 

Technical Skills:  
  • Demonstrated proficiency and expertise with personal computers and Microsoft applications (Outlook, Word, Excel, Access and Power Point) or similar software. 
  • Knowledge of or ability to use Bank software and systems. 

Other Job Qualifications:  
  • Demonstrated verbal and written communication skills, including presentation skills.  
  • Must be analytical, detail oriented, and organized.  
  • Must be able to meet deadlines and handle multiple priorities.  
  • Able to digest a large amount of information of various kinds and quickly identify and define problems; research and analyze data and situations relating to data management and other issues.  
  • Should be able to recommend and explain solutions and alternatives.  
  • Ability to discuss compliance issues, solutions and alternatives with all levels of staff person.  
  • Must have a good knowledge of accounting principles and ability to read and interpret various financial statements and other financial data.  
  • Should have a good working knowledge of the regulatory requirements relating to the business areas in the Commercial Banking Division.  
  • Able to work flexible hours including holidays, weekends and evenings as needed.  
  • Must be able to provide own transportation.  
  • Travels by air as required.

Bank of Hawaii
In 1897, Bank of Hawaii was the first chartered and incorporated bank in the Republic of Hawaii. We’ve been here from territorial days, growing and changing with Hawaii. Today, we are the largest independent bank in Hawaii – a result of knowing our business and community, and always staying ahead of change.  We are constantly finding creative ways to deliver leading edge financial services to our customers.  Now, we’re embracing change with our new 21st century banking. 

It’s our people who help us succeed in offering first class service and products to our customers.  As a member of the Bank of Hawaii community, you will be among the very best in your profession in an environment that places a high value on integrity, innovation and teamwork.  People who are agile, savvy, forward-thinking and entrepreneurial can learn and grow with us.

All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of any legally protected classification including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or protected veteran status.  Bank of Hawaii takes affirmative action in support of its policy to advance in employment legally recognized individuals including minorities, women, protected veterans and individuals with disabilities.

Job Function Compliance/Risk Management
Primary Location Hawaii-Oahu
Schedule Full-time
Job Posting Apr 9, 2018, 9:58:39 AM
Unposting Date Ongoing


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Commercial Products Compliance and Operational Risk Officer

Bank of Hawaii
Oahu, HI

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Bank of Hawaii
Oahu, hi

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