1+ months

Commercial Products Compliance Officer - 2000036

Bank of Hawaii
Oahu, Hawaii
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Commercial Products Compliance Officer - 2000036

Bank of Hawaii
In 1897, Bank of Hawaii was the first chartered and incorporated bank in the Republic of Hawaii. Weve 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, were embracing change with our new 21st century banking. 

Its 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.

Does this sound like you?
Are you ambitious?  Want to make a difference in peoples 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 Officer:
Under the direction of the Manager, this position is responsible for assisting in the development and execution of all Commercial Products compliance and operational risk activities, including overseeing the day-to-day compliance and risk activities and programs, developing and maintaining compliance/operational risk policies and procedures, facilitating the development, maintenance, and monitoring of appropriate compliance/operational-related controls, coordinating and/or monitoring of Commercial Products, including Cash Management and Merchant Services, for compliance with applicable laws and regulations, providing compliance support for implementation of product/system enhancements and new or amended laws/regulations, and providing compliance/operational risk training to bank personnel. In addition, this position assists the Manager in identifying higher risk compliance and operational risk activities for Commercial Products (including related delivery channels) and developing and implementing appropriate solutions to mitigate those risks. Ensures business units adherence to and compliance with applicable laws, regulatory requirements, as well as Bank policies and procedures, including but not limited to state and federal laws and regulations Fair Banking, Anti-Money Laundering, Bank Secrecy Act and USA PATRIOT Act.

Well give you these important responsibilities
  • Develops and implements programs to identify and manage compliance and operational risks stemming from Commercial Products products, services and processes and applicable laws and regulations.  Assists in the administration of monitoring programs for all Commercial Products processes and functional activities as necessary to evaluate operational effectiveness and efficiency, and ensure compliance with regulatory requirements and Bank policies and procedures. Assists Manager with identification, solution and monitoring of higher risk compliance and operational activities for Commercial Products as necessary by developing rating and reporting templates to measure and report applicable risks and controls. 
  • Provides compliance guidance for implementation of changes to Commercial Products products, processes, services, and system controls required by:  1) new or amended laws and regulations, 2) new products/product changes, and 3) system conversions/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, brochures, etc. to ensure compliance with applicable laws and regulations and operational risk is appropriately managed.
  • Provides recommendations and guidance to Commercial Products business unit management to ensure new and existing compliance and risk operating policies and procedures are executable by their respective teams, while maintaining a high quality experience for customers.  Assists these departments in conducting compliance and operational risk monitoring and preparing for compliance audits, regulatory examinations, and quality assurance reviews.  Coordinates audit findings, responses, and corrective actions between the Audit Department, Corporate Compliance, Operational Risk, third party vendors and respective business unit managers.
  • 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 assists Manager with communicating findings to business unit and informing the applicable Commercial Products Manager of the status and results of evaluations and monitoring
  • Assists Manager with oversight of the vendor management program.  Works with Corporate Sourcing to ensure vendors are properly reviewed and documented to comply with the banks vendor management program.
  • Obtains and maintains proficient knowledge of consumer laws and regulations; specifically, all laws and regulations relating to Retail Lending and Retail Deposits.  Obtains and maintains knowledge of bank services, policies and procedures.

if you come to us with these qualifications

  • Bachelors Degree from an accredited educational institution or equivalent work experience. 
  • General knowledge of accounting principles.

  • Minimum 4 - 5 years of work experience in legal/regulatory compliance of banking laws and regulations, or equivalent work experience.

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

Other Qualifications:  
  • Demonstrated ability to discuss and offer alternatives or solutions to compliance and operational risk issues with any level of staff person.  
  • Able to identify and define problems; research and analyze information and various situations relating to data management issues.  
  • Must have excellent verbal and written communications skills, as well as presentation skill.  
  • Must have a general knowledge of accounting principles and a working knowledge of regulatory requirements, knowledge of best practices, etc.  
  • Able to work flexible hours including holidays, weekends and evenings as needed.  
  • Must be able to provide own transportation and arrive at intended destination in a timely manner or as required.  
  • Travels by air as required.

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 Operations
Primary Location Hawaii-Oahu
Schedule Full-time
Job Posting Jan 23, 2020, 2:11:39 PM
Unposting Date Ongoing


Jobs Rated Reports for Compliance Officer

Posted: 2020-01-23 Expires: 2020-04-17
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Commercial Products Compliance Officer - 2000036

Bank of Hawaii
Oahu, Hawaii

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Compliance Officer
25th2018 - Compliance Officer
Overall Rating: 25/220
Median Salary: $67,870

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