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Compliance and Government Reporting Specialist

Company: Sandy Spring Bank
Location: Bethesda
Posted on: July 29, 2022

Job Description:

Compliance and Government Reporting Specialist

Location: 6831 Benjamin Franklin Drive, Columbia, MD 21046

* This is a fully in-person role.

About Us

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 you!

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 and relationships.

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 career.

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) as necessary.
* 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.

Required Skills:

* 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 sources.
* 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


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 conditions.

Must be able to travel to remote company and/or client locations.

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 reasons.

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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