Compliance and Government Reporting Specialist
Company: Sandy Spring Bank
Posted on: July 29, 2022
Compliance and Government Reporting Specialist
Location: 6831 Benjamin Franklin Drive, Columbia, MD 21046
* This is a fully in-person role.
Are you someone who seeks opportunity and has a true desire to grow
your career with an organization that has enriched the lives of its
clients and communities in the Greater Washington region for more
than 150 years? If so, Sandy Spring Bank may be the perfect fit for
Sandy Spring Bank is a growing financial services company focused
on creating real experiences for our employees, clients,
shareholders and communities. We are proud to have been certified
as A Great Place To Work, recognized by The Washington Post and the
Baltimore Sun as a Top Workplace, by Forbes magazine as the #1 Bank
in Maryland, as well as by American Banker as a Best Bank to Work
For. It is our employees who play an integral role in shaping who
we are as a company and upholding what matters most to us: people
To help us attract the highest quality individuals, we offer a
comprehensive benefits package to those who qualify. We offer
competitive market salaries, paid time off, multiple retirement
savings options, full health care options, life insurance, health
care and dependent care flexible spending accounts, career
development opportunities, tuition assistance and volunteer
opportunities. We are proud to offer those, and so much more,
making Sandy Spring Bank a remarkable place to work and build a
About The Job
Sandy Spring Bank is currently recruiting for a Compliance and
Government Reporting Specialist. The selected candidate will be
responsible for the receiving and processing of all court ordered
documents served to the bank including subpoenas, summons, tax
levies, court attachments, garnishments, and bankruptcies.
Independently manage the processing of these legal documents
ensuring accurate and timely responses. The position requires
discretion and the ability to interact with both internal and
external clients, as well as, attorneys that have requested the
documentation through the legal processes. Additional
responsibilities include providing support to the Deposit
Operations Compliance Team on compliance functions such as IRS
reporting, year-end processing, B-Notices, and other processes.
Areas of focus:
* Handle sensitive and confidential information to research and
process all legal court ordered documents including, subpoenas,
summons, tax levies, garnishments, court attachments, and
bankruptcies according to bank policies and procedures and
regulatory requirements. Research and provide only the requested
documentation and submit all documentation to the requesting party,
by the due date, to keep the bank compliant.
* Effectively communicate with members of law enforcement,
attorneys, or other government agencies as required. Consult with
the Sandy Spring Bank Legal Team as required. Coordinate with other
departments of the bank to obtain information requested. Maintains
logs of all received and completed court ordered documents and
create reports for management and other departments of the bank
(Regulatory Management, Corporate Security, and Legal Department)
* Review and validate all required IRS specific documentation and
complete account coding for Individual Retirement Arrangements
(IRAs), and Health Savings Accounts (HSAs) accurately and by
following established bank policies and procedures. Documentation
includes review of W-8, CP2100, W4P, simplifiers and other
associated documents as necessary. Assist with providing
information and documentation for internal audit requests.
* Assists with all Deposit Operations compliance functions
throughout the year to ensure accurate and timely processing of IRS
reporting, year-end processing, B-Notices, W-8s, etc. Provide
assistance on departmental and division projects and project tasks
as needed. Perform other duties as assigned.
* Position requires a minimum of 5 to 8 years in banking or
financial services operations experience. Experience with the
processing of summons, subpoenas, garnishments, attachments, and
levy rules and research preferred. An in depth knowledge of bank
operations and demonstrated knowledge of banking regulations and
government rules is required. A bachelor's degree or previous work
in court ordered legal processes is preferred. Candidate must be
able to represent the company to legal organizations, auditors, and
peers in a professional manner.
* Strong interpersonal and communication skills are required to
partner with clients, attorneys, bank employees, and business line
managers and leaders. Ability to effectively communicate complex
information from diverse sources to all levels of internal and
external clients, both written and orally, is required.
* Strong written and verbal communication skills are required, as
well as, the ability to prioritize tasks and handle multiple
priorities. Position requires a high level of analytical,
technical, evaluation and critical thinking abilities. Candidate
must be able to think and react quickly to different types of
problems. Advanced problem solving skills are required; problems
are technically or administratively complex and require the
collection, interpretation and analysis of data from diverse
* Ability to utilize a standard PC with related software such as
Microsoft Word, Excel, Visio, Access, and other Windows
applications is required. Will be trained on custom software
applications required to complete daily duties
SPECIFIC PHYSICAL REQUIREMENTS:
Work requires reasonable mobility in and around the work area.
Ability to use standard computer and phone systems is required
Normal office environment where there is almost no discomfort due
to temperature, dust, noise, or other disagreeable elements.
Work includes little or no potential exposure to hazardous
Must be able to travel to remote company and/or client
The above statements are intended to describe the general nature
and level of work being performed by people assigned to this
classification. They are not intended to be construed as an
exhaustive list of all responsibilities, duties and skills required
of personnel so classified.
Sandy Spring Bank is an Equal Opportunity Employer and all
qualified applicants will receive consideration for employment
without regard to race, color, religion, sex, sexual orientation,
gender identity, national origin, disability status, protected
veteran status, or any other characteristic protected by law. We
maintain a drug-free workplace environment.
Sandy Spring Bank requires COVID-19 vaccination(s) as a condition
of employment for all employees. Submission of Covid-19 Vaccination
Card is required if hired. Accommodations may be available for
those who are unable to be vaccinated for medical or religious
If you require a reasonable accommodation to apply for a position,
please call our job line at 1-800-399-5919 and select option 5.
Requests are considered on a case-by-case basis.
Keywords: Sandy Spring Bank, Bethesda , Compliance and Government Reporting Specialist, Government & Protective Services , Bethesda, Maryland
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