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Regulatory Compliance Associate

Location: Teaneck
Posted on: September 22, 2022

Job Description:

Must possess excellent attention to detail, decision-making and organizational skills as well as the ability to work well independently. Must be able to respond to inquiries from regulatory agencies, courts, and outside consultants. Candidates must have excellent verbal and written communication skills and the ability to safeguard confidential information. This position requires proficiency with Excel, Word, and Outlook.

Responsibilities & Duties
-- Assist in developing and updating the Bank's policies and procedures.
-- Must serve as a reference for all compliance related matters and questions from all bank departments.
-- Collect and disseminate to appropriate staff members information related to compliance.
-- Review the Bank's forms and disclosures to ensure that they comply with all applicable laws and regulations.
-- Reviewing CRA performance and maintaining the Bank's CRA public file
-- Provide input regarding compliance concerns relevant to products and services offered by the bank.
-- Review of the monitoring work papers to ensure the written reports are reflective of findings.
-- Ensuring that the exceptions disclosed through compliance Monitoring Reviews are responded to in a timely manner and corrective action is effectively implemented.
-- Maintaining a competent level of expertise and knowledge of the requirements of the various laws, regulations, and rulings governing the Bank's activities.
-- Researching and resolving compliance-related issues and inquires which relate to primary responsibility areas.
-- Review, on a periodic basis, Regulatory Examinations Report Findings to ensure that the findings are accurate and that corrective action has been implemented.
-- Administers compliance program including curriculum development and necessary changes according to regulatory environment.
-- Coordinates, reviews, performs and updates the Bank's annual compliance risk-assessments.
-- Prepares and presents periodic reports to management concerning the Bank's record of compliance.
-- Develops and performs Fair Lending file reviews and bank-wide performance on a periodic basis.
-- Ensures that all complaints are escalated and appropriately resolved in a timely manner. Maintain records of complaints and resolution.
-- Reviews new and proposed regulations and updates. Disseminates information to staff related to compliance and other topical subjects. Maintains library of compliance resources.
-- Provide reports as necessary to the Risk and Audit Executive.
-- Perform other duties as assigned by supervisor.

-- The candidate must possess the following: Bachelor's degree in Accounting or Finance
-- At least three years of relevant experience working in a controls related role (i.e., SOX/FDICIA Compliance programs, internal controls programs, internal audit, external audit, etc.)
-- Excellent written and verbal communication skills
-- Able to communicate with all levels of management
-- Able to work independently and manage multiple tasks, i.e., excellent project management skills
-- Supervisory Responsibilities

This job has no supervisory responsibilities.

Keywords: BOGOTA SAVINGS BANK, Paterson , Regulatory Compliance Associate, Other , Teaneck, New Jersey

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