Position Summary:
Responsible for overseeing and managing all compliance-related activities within the organization and administering all aspects of the Bank’s Compliance Management Program. This includes developing and implementing policies and procedures designed to ensure compliance with all relevant laws and regulations; managing risk; and fostering a culture of compliance. Serve as the Bank’s Identity Theft Officer, Privacy Officer and ADA Coordinator.
Qualifications Required:
· Four-year Business Degree or banking experience equivalent
· Minimum five years’ experience Federal and State consumer compliance regulations
· Management or supervisory experience
· Proficient in Windows Office applications, Word, Excel, PowerPoint and Outlook
Essential Functions and Responsibilities:
· Ensure compliance with all lending and deposit Federal and State consumer compliance banking laws and regulations and adherence to Bank policies and procedures
· Serve as the Chairperson of the Management Compliance Committee -quarterly meetings to disseminate regulatory changes; review violations, findings; review future reviews, examinations, and risk assessments; training efforts, reported complaints, etc.
· Oversee regulatory change management (RCM) by monitoring regulatory changes, determine impact on existing banking activities and update and implement the necessary controls, policies, procedures and training to ensure ongoing compliance
· Collaborate with compliance consultants on compliance monitoring schedule, annual enterprise-wide compliance risk assessment, monitoring reviews, etc.
· Report compliance violations or related issues to the Audit and Compliance Committee of the Board of Directors and Senior Management
· Ensure implementation of corrective actions to resolve weaknesses identified during: regulatory examinations, compliance monitoring reviews, risk assessments, etc.
· Conduct compliance-related risk assessments, i.e. annual Fair Lending Risk Assessment
· Liaison with audit firm on compliance related audits i.e. CMP, UDAAP, Reg O audits
· Oversee the internal monitoring reviews conducted by the Compliance Department.
· Coordinate/prepare the OCC Safety and Soundness Exam, Fair Lending Risk Assessment
· Maintain the Bank’s Consumer Complaint Management policy, respond to substantive complaints, track substantive and non-substantive complaints, determine trends, follow-up actions, training, etc.
· Ensure compliance with Unfair, Deceptive or Abusive Acts or Practices Act, including but not limited to lending practices and marketing
· Work with the Bank’s Marketing Director on all advertising, web sites and social media sites to ensure compliance with Marketing, Advertising and UDAAP rules and regulations
· Serve as a resource to the BSA Officer in maintaining the Bank’s AML/OFAC Program
· Serve as a resource to the CRA Officer in maintaining the Bank’s CRA Program, preparing for exams and performance evaluations. etc.
· Serve as a Member of the Bank’s SAR Committee, CRA Committee, ERM Committee, etc.
· Manage Identity Theft Prevention Program and report to the Board of Directors
· Ensure compliance with Privacy regulations and customer notification requirements
· Manage the Bank’s ADA Program (Title III)
· Ensure compliance to FDIC Insurance and Advertising rules, Escheat laws (All States), Record Retention requirements, Elder Abuse/Exploitation laws, etc.
· Work with HR to ensure all employees receive appropriate compliance-related training
· Ensure the Board of Directors receive appropriate compliance-related training
· Work with Credit on matters pertaining to Fair Credit and Fair Lending
· Work with IT on Incident Response Program regarding customer notifications
· Ensure third party due diligence for compliance related vendors
· Recommend compliance consulting firms and compliance resources/solution
· Management of Compliance staff i.e. end of year performance evaluations, approval of time, usage of paid time off, etc.
Job Type: Full-time
Pay: $100,000.00 - $150,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Ability to Commute:
- Norwalk, CT 06850 (Required)
Work Location: In person