- Professional
- Bureau à Woburn
SUMMARY/OBJECTIVE
The Compliance Manager is responsible for assisting the Compliance Officer in managing the Bank’s Compliance function.
ESSENTIAL FUNCTIONS
The Compliance Manager is responsible for assisting the Compliance Officer in managing the Bank’s Compliance function.
ESSENTIAL FUNCTIONS
- Assist the Head of Compliance Risk Management with the Bank’s Compliance function. Work with the respective areas of the Bank to ensure compliance with federal and state regulations. Review policies and procedures. Keep staff abreast of regulatory changes.
- Manage and conduct second line monitoring reviews in accordance with the annual monitoring plan. Identify potential compliance risks based on the results. Generate management reports.
- Coordinate and track the results of the Bank’s compliance monitoring program for first line throughout the Bank. Work with department heads on monitoring plans.
- Responsible for HMDA/CRA/Fair Lending data analysis, utilizing software for analysis and monitoring, and generating reports.
- Assist with the review of Bank advertisements in accordance with laws and regulations as well as the Bank’s Advertisement Policy including electronic channels. Assist with the overall function including record keeping.
- Assist with the oversight and management of the Bank’s compliance training program with the Bank’s Head of Learning & Development. Ensure all compliance-related training is completed on an annual basis.
- Conduct department specific compliance training as necessary.
- Responsible for managing consumer complaints including assisting the business lines with investigations, resolution and draft responses.
- Assist with the tracking of regulatory changes and updates and communicating these changes to the business line leaders.
- Assist the Head of Compliance Risk Management in analyzing regulatory changes and the impact on the Bank. Work with business line leaders to provide guidance for complying with the requirements.
- Act as a back-up for the Compliance Officer on all compliance issues.
- Serve as a resource to the Bank on regulatory questions and concerns which include conducting research, problem solving and making recommendations for improvement.
- Assist in other Compliance, Risk Management and Information Security related functions of the Bank as requested.
- Maintain a high level of knowledge through participation in outside seminars and from professional publications.
- 5+ years in regulatory bank compliance and audit with knowledge of federal and state regulations.
- Knowledge of general Bank policies, operating procedures, and internal controls, banking laws and regulations.
- Effective analytical, communication, and writing skills.
- Research via internet and other sources-- banking regulations, emerging risks, and best practices.
- Proficiency with Word, Excel, and PowerPoint.
- Must be able to successfully interact with and respond to inquiries from Bank employees and management.
- Ability to perform compliance reviews independently and under general supervision.
- Well organized with attention to detail.
- Comfortable giving feedback to management.
- Demonstrated ability to exercise independent and sound judgment.
- BS/BA required
