Job Description

Job Summary
A Regulatory Risk Analyst is responsible for ensuring the Bank complies with financial regulations and managing the risks associated with regulatory requirements. This role involves analyzing, monitoring, and reporting on the Bank’s regulatory risk exposure, implementing risk mitigation strategies, and staying updated on changes in financial regulations.

Primary Responsibilities
• Responsible for monitoring the Bank’s activities to ensure adherence to all relevant financial regulations and internal policies.
• Accountable for ensuring that all areas of the bank remain compliant with applicable regulatory requirements, preventing regulatory breaches and associated penalties.
• Responsible for identifying, assessing, and analyzing regulatory risks across the Bank’s products, services, and operations.
• Accountable for delivering accurate and timely risk assessments that inform decision-making processes, ensuring that the Bank is aware of potential regulatory risks.
• Responsible for assisting in the development and updating of policies and procedures aimed at mitigating regulatory risks.
• Accountable for ensuring that these policies are implemented effectively and that they reduce the Bank’s exposure to regulatory risks.
• Responsible for preparing regular reports and presentations on the bank’s regulatory risk profile, including risk exposure and mitigation efforts, for senior management and regulatory authorities.
• Accountable for the accuracy and completeness of all regulatory risk reports and ensuring timely submission to both internal and external stakeholders.
• Responsible for collaborating with other departments to develop and implement strategies that mitigate regulatory risks identified during assessments.
• Responsible for conducting regular audits and control reviews to ensure compliance with regulations and the effectiveness of risk controls.
• Accountable for identifying and addressing any compliance gaps or weaknesses in the bank’s risk controls through these audits and tests.
• Responsible for keeping up to date with changes in financial regulations and industry trends to anticipate potential regulatory risks.
• Accountable for proactively updating the Bank’s regulatory risk management practices to align with the latest regulatory developments, minimizing future risks.
• Participate in the regulatory risk examinations and regulatory risk audits
• Seeks out, develops and maintains knowledge and skills through completion of continuing education and training pertinent to the position.
• Other Duties as Assigned

Qualifications and Skills
• In-depth knowledge of BSA, loan and deposit laws and regulations, Fair Lending, CRA, Privacy including GLBA, HMDA, TRID, open-end credits, deposit laws including APYs and technical compliance.
• Strong analytical and decision-making skills.
• Strong computer skills, including proficiency with Microsoft Office products and Adobe PDF.

Education and Experience
• High school diploma required. Bachelor’s degree and/or higher education preferred.
• Minimum of three years’ experience working directly with BSA laws and regulations.
• Willing to initiate BSA/AML certification within six (6) months of hiring or currently working towards certification.

*This position will comply with all BSA compliance laws and regulations including the Bank’s BSA policy and procedures.

Additional Information
Department: Regulatory Risk • Reports to: Regulatory Risk Officer • Travel: No
Classification: Exempt • Employment Type: Full-Time • Supervises: None

“Oxford Bank is an equal opportunity employer and is committed to providing equal employment opportunities and an environment free of discrimination and harassment. All employment decisions at Oxford Bank are made without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, veteran or disability status.”

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