Compliance Monitoring and Testing Analyst

WHO ARE WE: Alerus is a commercial wealth bank and national retirement provider with one core purpose: helping clients achieve their financial goals. We are driven by a shared commitment to always do the right thing; leading with integrity and providing valued advice and guidance to our clients. We value the expertise and skillsets each team member provides and encourage collaboration, innovation, adaptability, and an entrepreneurial spirit at all levels of our company. By consistently seeking improvements and growth, we foster long-term relationships with clients and team members. We are proud to be recognized as a Top Workplace by numerous industry and regional outlets.

CORE VALUES: Passion for Excellence :: Success is Never Final :: Do the Right Thing :: One Alerus

ACCOUNTABILITIES:

• Compliance Monitoring
• Business Line Support
• Review of Marketing Materials for Compliance
  
  

ABOUT THE ROLE:

The Compliance Analyst supports the organization's compliance function by assisting in the execution of risk-based monitoring and testing activities, reviewing marketing materials for regulatory adherence, and providing day-to-day compliance guidance to business units. This role collaborates with cross-functional teams to ensure effective control processes, supports documentation and reporting efforts, and contributes to the development and delivery of compliance training. The analyst stays current on regulatory developments, actively participates in team discussions, and performs additional duties as needed to support organizational compliance goals.

WHAT YOU'LL BE DOING:

• Support the execution of risk-based compliance monitoring plans by performing transaction testing, documenting findings, and reporting results. Collaborate with business units to gather materials and improve control processes
• Review basic marketing content (e.g., flyers, digital ads, email campaigns, websites) to ensure regulatory compliance, working closely with marketing and product teams to implement necessary edits and clarify disclosure standards
• Provide day-to-day compliance guidance to business units, help draft procedures aligned with regulations, and serve as a compliance contact for resolving minor compliance issues during product or service launches
• Provide expertise on regulatory requirements, help clients with implementation, and assist in developing and facilitating compliance training programs
• Assist in drafting review summaries, tracking issue resolution, and maintaining organized records of compliance activities and findings
• Stay current on regulatory developments, engage in ongoing regulatory training, collaborate with senior team members to build expertise, and actively contribute to team discussions on risk and compliance topics
• Perform other duties as assigned to support the compliance function and organizational goals
  
  

WHAT YOU SHOULD HAVE:

• Bachelor's degree in finance, public policy, economics, or related field or equivalent combination of education and/or 2+ years of experience in a bank or financial institution, preferably in the consumer compliance area
• Working knowledge of banking regulations.
• Strong organizational skills, attention to detail, and eagerness to learn
• Familiarity with Microsoft Office tools (Excel, Word, Outlook)
  
  

WHAT WE BRING TO THE TABLE:

• Competitive compensation including base salary, bonus and/or incentive opportunities.
• Comprehensive benefits package providing a wide range of health and well-being benefits, including medical, dental, vision, life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
• Generous paid time off programs such as flexible time off, company-paid holidays, parental and bereavement leave.
• Learning and development resources for personal and professional career development, and advancement opportunities.
• Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.
• Support for the communities we live in through paid volunteer time and a company donation match opportunity.
  
  

WORK ENVIRONMENT: Work is typically performed in an office setting. The employee is regularly required to sit for extended periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic safeguards when doing so. Additionally, the employee must occasionally lift or move supplies and materials up to 20 pounds.

BASE PAY RANGE:

$55,000 - $75,000 per year

The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities, duties, and qualifications required of employees assigned to this job.

Alerus is an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.