Compliance Specialist III

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees' experience.

POSITION SUMMARY

Under general direction, this individual contributor assists with the implementation, assessment, monitoring, reporting and fulfillment of the Bank's Compliance Management Program. Responsible for supporting second line of defense compliance activities. Must possess extensive knowledge of applicable federal and state consumer compliance regulations, including but not limited to NACHA rules, Regulation E, E-Sign Act,. This position is the senior level in the job family. Incumbent is expected to display professional maturity, judgment and experience. A certain level of creativity, diplomacy and latitude is expected. Incumbent is expected to train less experienced staff members.

MAJOR JOB RESPONSIBILITIES

• Conducts assigned compliance monitoring reviews by following prescribed scope documents and performs testing to validate adherence to consumer protection regulations using basic analytical procedures.

• Collects documents, forms, procedures, reports and other work product to be tested during compliance monitoring reviews, collaborating with business line partners as needed.

• Assist in managing the Compliance Issue Tracking log, inclusive of Self-Monitoring Review results, making entries and updates as needed.

• Conducts follow up with business units on items as directed, including implementation and status of compliance monitoring review recommendations and/or findings, as well as internal audit and examination citations, and escalates unresolved issues.

• Reviews advertisements (including branch flyers, posters, notices, marketing brochures, internet, email, television, radio, statement messages, etc.) for adherence to applicable laws and regulations.

• Conducts regulatory research, as needed or requested.

• Assists with document collection for audits and regulatory examinations as requested.

• Acts as a resource for resolution and guidance on compliance issues.

• Supports compliance partners as needed, including conducting face to face trainings.

• Conducts and/or provides assistance on special projects as required.

• Performs any other related duties as required or assigned.

• This individual must possess knowledge in Digital an AI and be technology driven.

SUPERVISORY RESPONSIBILITIES

None- Limited to providing guidance to junior staff members when conducting compliance monitoring reviews and/or assisting with training needs.

SKILLS AND TRAINING

• 5-10 years of regulatory compliance or regulatory audit experience with various consumer and commercial compliance deposit and lending regulations and related banking laws with federal and New Jersey State regulations, including but not limited to working knowledge of Expedited Funds Availability, Electronic Funds Transfer Act, Garnishment of Federal Benefits, Truth in Savings Act, Equal Credit Opportunity, Truth in Lending, Real Estate Settlement Procedures Act (including TILA/RESPA Integrated Disclosure Rule), Flood, SCRA, Homeowners Protection Act, and Home Mortgage Disclosure Act, NACHA, E-Sign Act .

• Experienced in regulatory remediation work.

• Direct experience in conducting compliance monitoring reviews and/or testing.

• Excellent oral and written communication skills. Ability to communicate and collaborate effectively and engage professionally with colleagues at all levels. Be able to speak in front of and/or train large groups of people.

• Detail oriented; Has strong organizational skills. Ability to be plan, multi-task, prioritize workload and accurately complete assignments with competing deadlines.

• Flexible and adaptable in a fast-paced changing environment.

• Ability to handle sensitive information and data securely.

• Expert capabilities in Word, Excel and Power Point.

• Excellent problem-solving skills and strong attention to detail.

• Strong ability to analyze issues, determine root causes and problem-solve.

EDUCATION

Bachelor's degree

WORK EXPERIENCE

5 or more years

LICENSES AND/OR CERTIFICATES

Licenses and Certifications Expiration Date

CRCM

WORKING CONDITIONS

Work is performed in a normal office environment. Noise levels are usually moderate. May include travel by automobile.

HAZARDS

The hazards are mainly those present in a normal office setting, and those present in commuting by car.

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

WORKING CONDITIONS

Work is performed in a normal office environment. Noise levels are usually moderate.

FEATURED BENEFITS

• Medical/Dental/Vision Insurance

• Flexible Savings Account

• 401(k)

• Tuition Disbursement and Reimbursement

• College Loan Pay Down Program

• and other great benefits

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - "Commitment you can count on" - supports the investments we make in the community and donations made by our employees. It's a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

• We get to volunteer in areas that are meaningful to the bank and impactful in the community.

• Through generous contributions, we have raised over $912,000 in 2022. No item or donation is too small; we find a home for it all.