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Compliance Analyst
Ref No.: 18-02230
Location: New York, New York
Position Type:Full Time
Pay Rate : $ 65,000.00 - 70,000.00 /Year
Position Summary:
Compliance Analyst is responsible for operational support duties of the Compliance Department. This position assists in developing, implementing and ensuring the overall effectiveness and adherence to Bank compliance programs based on new regulations, changes to existing regulations, business model, and Audit and/or exam findings. The Compliance Analyst assists with overseeing compliance with Bank policies and procedures, as well as all applicable state and federal alphabet consumer regulations. The analyst also serves as a resource for departmental staff to utilize for timely responses to compliance matters.

Essential Duties and Responsibilities:
  • Ensure that policies and procedures within the Bank are consistent with those documented in the Compliance Manual and are consistent with applicable laws and regulations.
  • Assists Chief Compliance Officer in developing compliance testing programs including updating programs as regulatory changes occur.
  • Provides quarterly dashboard reports to the President/CEO & Corporate Counsel at the direction of the Chief Compliance Officer.
  • Maintains and updates supervisory matrices used to track regulatory progress with supervisory actions.
  • Conducts periodic testing on behalf of the department to monitor business-line regulatory compliance. Communicates violations of law to the Chief Compliance Officer promptly.
  • Attends various internal meetings and completes administrative tasks, such as preparing committee minutes.
  • Provides support to the Chief Compliance Officer for critical board reports containing key performance indicators.
  • Follows corporate Code of Ethics policies and procedures; complete administrative tasks correctly with little supervision and on time; supports the Bank's goals and values.
  • Conduct targeted internal compliance reviews, oversee and monitor corrective actions.
  • Monitor and disseminate information from regulatory agencies to ensure awareness of changes in laws and regulations.
  • Where needed, develops and present targeted training modules to departments in need of targeting training. Monitors compliance with the bank-wide training plan.
Education and Experience:
  • Some Compliance Testing Experience preferred
  • Minimum of 5 years' experience in bank related position
  • Strong leadership and management experience in bank compliance and/or regulatory examination
  • Basic knowledge of BSA and USA Patriot Act.
  • Bachelor's Degree