Compliance Manager

Brookline Bancorp, Inc. Lincoln , RI 02865

Posted 3 weeks ago

Principal Objective

Assists in managing the Fair Lending compliance program for Brookline Bancorp's subsidiary companies by focusing on the day to day operational compliance activities as it relates to Fair Lending and collaborate with stakeholders in the overall administration of these directives for the Bank.

This position assists the Chief Compliance Officer as requested, in administering the overall Fair Lending compliance program for Brookline Bancorp. Specific responsibilities will include:

Principal Duties and Responsibilities

Maintain a thorough knowledge of federal and state laws and regulations including, but not limited to the following:

  • Equal Credit Opportunity

  • Home Mortgage Disclosure Act

  • Community Reinvestment Act

  • Service Members Civil Relief

  • Fair Housing Act

  • Unfair, Deceptive and Abusive Acts and Practices

  • Fair Debt Collections

  • Privacy

  • Fair Credit Reporting

  • Related MA, RI and NYS laws and regulations

  • Monitor the Bank's compliance with Fair Lending laws by performing statistical analysis of lending activity to identify fair lending risks and patterns and the geographic distribution of loan products, deposit products, and service delivery systems.

  • Assist in compiling and analyzing Fair Lending compliance metrics in context of the Bank's lending practices and relationship to fair and responsible banking laws and regulations to identify factors that may contribute to an elevated risk profile.

  • Maintain current knowledge of lending products, programs, operations, systems, and controls.

  • Maintain knowledge of applicable laws and regulations as well as internal controls at each entity necessary to satisfy requirements and work with the business units and Management as necessary to prepare for changes in regulations, guidance, and requirements.

  • Assist in developing and delivering supplemental compliance training programs as required, and prepares written communications of regulatory changes pertaining to areas of Fair Lending to ensure employee understanding.

  • Maintain current regulatory information on the compliance database pertaining to areas of specialty.

  • Coordinate the management monitoring component of the Compliance Programs for all banks. Prepares, delivers and follows up on completed monitoring reports for all areas on a monthly basis.

  • Assist management on day to day basis by answering questions and conducting necessary research pertaining to areas of specialty.

  • Assists business line management in the proper resolution of any noted deficiencies in audits as well as from regulatory examinations and monitoring.

  • Assists the Chief Compliance Officer during regulatory examinations and assist the Internal Auditor with compliance related internal audits as necessary.

Job Specifications (Skills, Knowledge and Abilities Required)

  • Bachelor's degree in business or liberal arts.

  • Certified Regulatory Compliance Manager (CRCM).

  • 5 years of compliance or related business experience

  • Solid knowledge of fair lending regulations

  • Excellent written and oral communication skills

  • Thorough knowledge of MS Word and Excel, Fair Lending software preferred

Behavioral Skills

  • Consistently demonstrate behaviors associated with Brookline Bancorp's Core Four values: adaptability, accountability, leadership, and teamwork.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description is subject to change at any time.

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