Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central, Eastern and Northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets.

Job Title: Compliance Intern (Advisory)

FLSA Status: Non-Exempt

Department: Compliance                                                     

Hours of Operation: Hours of Operation: M-F 8:00-5:00

General Job Summary: 

The Compliance Intern will assist the department in ensuring the bank adheres to all applicable laws, regulations, and internal policies. This internship (3-4 months) offers an opportunity to gain hands-on experience in the understanding & application of bank regulatory requirements, refinement of problem-solving & data analysis skills, and aiding in completion of ongoing projects & compliance initiatives. The ideal candidate will have a strong interest in compliance, risk management, and the banking industry.

Organizational Duties and Responsibilities:

• Supports the mission, vision, and philosophy of the Bank. Complies willingly with all organizational policies and procedures.
• Supports all functions that maintain compliance with regulatory agencies.

Essential Duties and Responsibilities:

• Assist in reviewing and updating compliance policies and procedures to meet legal and regulatory requirements
• Conduct research on regulatory changes; assist in implementing corresponding compliance/business process integration measures
• Participate in compliance monitoring and testing activities to ensure adherence to internal controls
• Support the preparation of compliance reports for senior management and regulatory bodies
• Assist in organizing and maintaining compliance documentation and records.
• Collaborate with various departments to promote a culture of compliance throughout the organization

Minimum Job Requirements:

Education: Currently enrolled in a bachelor’s or master’s degree program in Finance, Business Administration, Law, or a related field

Specific Skills:          

• Strong analytical, planning, documentation, time management, and problem-solving skills
• Superior attention to detail
• Excellent written and verbal communication skills; ability to tactfully communicate and gain respect of bank employees within and outside the department
• Ability to work independently and as part of a team in a multi-task environment
• Ability to define problems and propose solutions
• Proficiency in Microsoft Office Suite, particularly Microsoft Excel and Word

Specialized:   

• Knowledge of banking principles and operations; knowledge of state and federal regulatory requirements applicable to the banking industry (preferred)
• Ability to read, analyze and interpret government regulations, trade journals and guidance documents

What You Will Gain:

• Practical Application of Regulatory Knowledge: Interns will have the opportunity to apply theoretical concepts learned in their academic studies to real-world scenarios, enhancing their understanding of banking regulations and compliance practices.
• Analytical Skill Enhancement: Through involvement in compliance monitoring, testing activities, and policy reviews, interns will develop strong analytical skills essential for identifying and mitigating compliance risks.
• Exposure to Regulatory Frameworks: Interns will gain firsthand experience with various regulatory requirements and frameworks, such as the Compliance Management System (CMS), which are critical in the financial industry.
• Professional Networking Opportunities: Working closely with compliance professionals and participating in interdepartmental meetings will allow interns to build a network of industry contacts, beneficial for future career opportunities.
• Career Development Support: Interns will receive mentorship and guidance from experienced compliance officers, aiding in their professional development and providing insights into potential career paths within the field

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Primarily sedentary work performed in an office environment
• Ability to sit for extended periods of time while working at a computer
• Frequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipment
• Ability to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in person
• Visual acuity sufficient to read computer screens, printed documents, and financial data
• Occasional standing, walking, bending, or reaching
• Ability to lift and carry up to 10–15 pounds occasionally (e.g., files, office supplies)