United Bank & Capital Trust Company

  • Compliance Auditor

    Location US-KY
    Posted Date 4 weeks ago(2/26/2018 4:43 PM)
    Job ID
    # Positions
  • Overview





    The Compliance Auditor is primarily responsible for developing the Compliance Audit Plan and coordinating with the SVP of Internal Audit to provide a comprehensive independent assessment of controls and policies designed to comply with Regulatory requirements guidelines and frameworks established by applicable state and federal Regulatory agencies, including but not limited to the FDIC, FRB, CFPB, and SEC. To this end, the Compliance Auditor is responsible for the supporting independent enterprise-wide compliance risk assessment framework. This individual develops the audit approach based on the risk assessment, Regulatory guidance and industry best practices.

    The Compliance Auditor provides leadership and coaching to optimize team and individual performance as well as technical guidance on developments in banking laws and Regulations and financial reporting requirements. This individual recommends revisions or enhancements to policies, procedures or programs as applicable.

    The Compliance Auditor assists with the SVP of Internal Audit’s communications to the Audit Committee, FCBC management, external auditors and Regulators.

    The Compliance Auditor remains independent in all activities as this individual’s purpose is to independently test for compliance with laws and Regulations. This function is a key component of the compliance management system.


    • Documents and communicates compliance audit findings and issues to senior management. Identifies and reports root cause of issues and monitors remediation efforts to ensure timely resolution. Maximizes the continuous audit function by utilizing technology to automate testing and coordinates Compliance Audits with Corporate Audits where practical.
    • Communicates Regularly with Compliance Management to understand projects, procedural changes and other developments resulting from Regulatory changes under Dodd-Frank Wall Street Reform, Consumer Protection Act (DFA) and other initiatives. Performs independent testing to assess effectiveness of new and existing controls and procedures.
    • Directs and completes the work of Farmers Capital Bank Corporation Compliance Audits to ensure timely completion of the Compliance Audit Plan. Provides leadership and oversight during planning of compliance audit work ensuring audit programs adequately address assessed risk and consideration is given to management concerns and changes in the Regulatory environment, procedures and product offerings.
    • Directs and performs special projects, procedures or audits not covered by the audit plan as necessary or as directed by the SVP or VP of Internal Audit, including due diligence for proposed acquisitions, analysis of various compliance issues that arise, assistance in the development and review of new department procedures and systems applications, etc.
    • Monitors changes to banking Regulations and performs impact analyses as appropriate. Recommends company position on legislative and Regulatory issues as applicable. Performs peer analysis, industry research and compiles other intelligence regarding emerging trends and significant issues.
    • Coordinates with third parties, including any out-sourcing or co-sourcing. Leverages third party engagements to develop compliance audit team. Assists with Regulatory exams as needed. Maintains strong, professional relationships with external parties including Regulators. Ensures top quality independent compliance testing is delivered in a timely manner.
    • Assists the SVP of Internal Audit in developing the annual department objectives and operating plan, including budgets and staffing requirements. Considerations include the Regulatory environment, the corporate strategic plan and related growth initiatives.


    • Business-related degree required with an accounting degree preferred
    • Minimum of 12 hours accounting coursework required
    • CRCM certification preferred but not required
    • A minimum of 3-5 years’ experience in the banking or financial industry is required, with preference given to candidates who have direct experience in compliance audit/risk experience. CRCM certification could be considered a substitute for experience.
    • Extensive knowledge of state banking codes, laws and Regulation
    • Extensive knowledge of federally recognized examination procedures to evaluate compliance with applicable Federal and State laws and Regulations
    • Exceptional oral and written communication skills, including formal presentation skills
    • Excellent decision making and problem-solving skills
    • Advanced PC and software skills and strong aptitude for learning bank systems
    • Expertise in interpreting and communicating complex federal and state Regulations to personnel corporate-wide
    • Strong leadership, team building, analytical and organizational skills
    • Expertise in navigating through ambiguity and managing and coordinating multiple projects
    • Demonstrated ability to meet deadlines
    • Comprehensive knowledge of applicable Federal banking laws and Regulations



    • Travel to affiliated locations required, mostly day trips; 1-2 weeks with some overnight travel possible


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