The Corporate Compliance department is a major regulatory and legal risk control function within the Bank. They are responsible for ensuring compliance with local, state, and federal laws and regulations, including the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC). The department’s responsibility is also to protect the Bank from regulatory scrutiny, penalties, and legal threats. This department is comprised of associates specializing in regulatory compliance and anti-money laundering expertise. These associates possess extensive banking, BSA, and Consumer Compliance experience.
Corporate Compliance supports internal and external clients in the following areas:
- Account and loan origination
- Suspicious activity
- New product/service development
- Contract review
- Disclosure review
- Marketing approval
- Client and transactional guidance for regulatory and BSA concerns
- Solutions for regulatory limitations, where possible
- Strategic guidance to executive management in assessing regulatory risk and proper controls
As a part of Corporate Compliance, the BSA specialized team monitors all accounts and transactions for activity which may be deemed suspicious for possible money laundering and/or other illicit activities.
There are hundreds of local, state, and federal laws and regulations governing the banking business. The Compliance team ensures that Capital City Bank complies with these laws and regulations to the maximum extent feasible in an effort to prevent the Bank from incurring fines, civil money penalties, or lawsuits that could result in the payment of monetary and reputational damage.
Although each department or unit of the Bank has the ultimate responsibility to ensure compliance with appropriate laws, regulations, and policies, the Compliance team has the overall responsibility to coordinate and direct company-wide efforts in this area.
The following key elements are part of the Bank’s compliance program:
Policies and Procedures
At Capital City Bank, we strive for consistency in the way we do things and have found that written policies and procedures are the best way to guide associates in the performance of their duties.
The intent is to specify department procedures that instruct associates on how to properly conduct their tasks in order to ensure compliance. The Compliance team is responsible for ensuring the policies and procedures set forth by various divisions will keep the Bank in compliance with all regulatory requirements.
Training
Training is required for associates to understand the compliance implications of their duties and to execute their department procedures. Some federal regulations actually require associates to receive periodic training in the law itself. Compliance consults with Star University to deliver this training.
Monitoring
Periodically, the Compliance team monitors work output to ensure stated policies and procedures are effective. Additionally, routine audits and examinations are conducted on the compliance function.
Resource
Compliance serves as a reference and research resource for the entire company. These associates answer dozens of questions each day concerning operations, compliance, loan, and deposit documentation.
Maintain Regulatory Relationships
Compliance maintains relationships with the Federal Reserve as our primary federal regulator and with the Florida Department of Banking and Finance as our state regulator. Compliance also maintains relationships with the Financial Crimes Enforcement Network (FinCEN) and OFAC as regulatory agencies responsible for setting forth BSA and OFAC regulatory requirements. This department also works with the State Department of Revenue on issues concerning documentary taxes, as well as various law enforcement agencies.
No matter how “simple” or complex the question, associates should always feel welcome and encouraged to contact Corporate Compliance when in need of guidance. Their core responsibility is to ensure compliance throughout the Bank and to be available to assist all clients no matter the complexity of the issue.
View Corporate Compliance's public documents on netinterest.
Job Positions
- Compliance Research I
- Director of Corporate Compliance
- Compliance Data Analyst
- Executive Assistant
- Compliance Research
- Fair Lending Manager
- Compliance Specialist I
- Compliance Specialist II
- Compliance Manager
- CRA Manager
- BSA/AML Alert Analyst I
- BSA/AML Alert Analyst II
- BSA/AML Alert Analyst Team Lead
- BSA/AML Alert Analyst Manager
- Compliance HMDA Analyst
- BSA/AML Quality Control Team Lead
- BSA/AML Senior Technical Support Specialist
- BSA/AML Production Manager
- BSA/AML Administrative Manager
- BSA/AML Systems Project Manager
- BSA/AML CTR Specialist
- BSA/AML Case Analyst I
- BSA/AML EDD/KYC Analyst
- Bank Secrecy Act Officer