Pay Rate: $0
Location: Chicago IL
Job Type: Contract

Job Title:

Junior Compliance Analyst

Job Code/ Req#:



Chicago, IL

Travel Required:


Position Type:


Job Description

A major financial institution located in Chicago, IL has an immediate need for a Junior Compliance Analyst to work alongside a small team of other Junior Compliance Analysts supporting multiple Lines of Business within the bank, predominantly the Asset Based Loans Market (ABL). The fundamental purpose of this role is to identify, analyze and assess various rules and regulations and how the relevant regulations impacting the operating area, assisting with conducting Risk Assessment of regulations, conducting monitoring and testing activities to validate controls, as well as other administrative and compliance activities as assigned. 

RESPONSIBILITIES INCLUDE (but are not limited to):

  • Monitor the central mailbox for incoming inquiries, predominantly made up of various financial statements requiring attention (loan agreements, credit agreements, etc.), treating each item as an individual case
  • Review the financial document under a critical lens and translate its information into the loan system, specifically assessing the loan documents as they relate to current regulatory requirements
  • Translate the data into the online document storing database
  • Make amendments and modifications to existing loan agreements per request of various LOB’s
  • Assess the impact of Federal and State rules and regulations that govern lending and deposits, tailored to the specific Operating area applicable
  • Assist in the completion of Regulatory Compliance Risk Assessments
  • Assist in reviewing the work done by peers, acting as a second set of eyes and critical judgment to ensure accuracy of analysis
  • Prepare and provide summary reporting on progress of regulatory review assessments, Risk Assessment execution, and Monitoring and Testing execution to Business Unit Compliance Officers

Required Skills: 

  • 1-3 years of experience in deposit compliance
  • 1-3 years of experience of banking compliance in general
  • Strong MS Outlook, Word, Excel skills
  • Strong documentation skills
  • Strong experience reading and interpreting loan documents on the whole
  • Experience reading and interpreting Borrowing Base certificates
  • Excellent communication skills, particularly written communication- a bulk of their interaction with Senior Management occurs via email
  • Bachelor’s Degree in Accounting, Finance or a related discipline preferred

For immediate consideration, please send resume and salary expectations to or . Local candidates only. Thank you.