Regulatory Change Management Compliance Lead

Position Title

Regulatory Change Management Compliance Lead

Location

NY / 1400 Broadway Floor 07

Job Summary

Regulatory Compliance is responsible for developing and maintaining a Compliance Management Program for the Bank that reasonably ensures compliance with consumer protection laws and regulations, addresses associated risks of harm to consumers and customers, and integrates consumer compliance into the day-to-day responsibilities of its management and employees.

This position is responsible for assisting in the maintenance and administration of the Bank's Regulatory Change Management Program. Key areas of focus include assisting the Senior Manager with the overall management of the Bank's Regulatory Change Management program by promoting a proactive and comprehensive regulatory intelligence/ change management process and partnering with Business Process Owners ("BPOs") to maintain a strong culture of enterprise-wide compliance with all applicable state and federal laws, rules, and regulations. This position is responsible for coordinating the identification of new/changed laws and regulations (including but not limited to Federal Consumer Protection Regulations; Applicable State Regulations not preempted by Federal Law as well as Corporate Compliance regulatory obligations), program governance, policies and procedures, monitoring, reporting, communications, and training.

This position will be an integral part of ensuring an effective Compliance Management Program is in place by providing support within the Regulatory Compliance Department and will be an integral part of the company's overall risk management strategy.

Pay Range: $99,731.70 - $132,144.50 - $197,468.76

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

• Regulatory Change Management

• Identify new/changed laws and regulations relevant to the Company's business.

• Perform impact analyses of the new/changed applicable laws, summarizing the new/changed applicable law, determining how it will affect the Company and communicating such new/changed applicable law to the affected business lines in a usable and understandable manner.

• Support the development and implementation of processes to ensure that compliance risks arising out of regulatory changes are evaluated and tested in new or changed products and services, processes, policies and procedures, systems, and controls.

• Assist the Senior Manager by providing support for the Compliance Department's advisory and research functions, by fielding inquiries from various BPOs, including researching regulations and their requirements.

• Identify risks and emerging issues pertinent to the Company's banking operations in all states by keeping abreast of applicable federal and state laws, regulations, rules and/or guidance that affect the Company's business.

• Facilitates collaborative alliances with the Line of Business Compliance Oversight Managers to ensure that appropriate risks are identified, and that the compliance program is adequately managed.

• Participates in federal and state compliance examinations as directed by the Senior Manager.

• Reporting

• Support the development and implementation of monitoring and reporting systems for applicable regulatory changes.

• Oversight of Analyst(s)

• Assist with the oversight of the unit's team members.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.

• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.

• Accountable to maintain compliance with applicable federal, state, and local laws and regulations.

Required Qualifications:

• Bachelor's degree preferred in Finance, Business, Pre-law. Juris Doctor a plus.
• 7+ relevant experience in the Financial Services Industry
• 3+ years regulatory compliance experience or as a financial industry Regulator, with an emphasis on consumer compliance laws and regulations

Preferred Qualifications:

• Advanced Graduate education, particularly Juris Doctor a plus

• Ten years of relevant experience in the Financial Services Industry or as a Regulator

• Certified Regulatory Compliance Manager (CRCM) and/or Certified Risk Professional (CRP) preferred

Job Competencies:

• Strong knowledge of federal and state bank compliance regulations, banking products and services, as well as issues related to Bank operations, products and services.

• Proficient in Microsoft Office suite software, including but not limited to Word, Excel, and PowerPoint, Power BI.

• Excellent leadership skills

• Excellent communication (verbal and written), organizational and follow-up skills.

• Excellent relationship building skills and be able to communicate highly technical compliance related information.

• Ability to understand and interpret pertinent laws, regulations, and guidance relative to the bank's operations.

• Ability to communicate highly technical compliance related information.

• Ability to prioritize assignments and handle multiple projects simultaneously.

• Ability to work both independently and in a team-oriented environment.

• Ability to identify potential concerns and drive the resolution of such issues.

• Ability to negotiate and collaborate with others, initiate action, adapt to change, make difficult decisions and accept challenging assignments.

• Physical demands (ADA): No unusual physical exertion is involved.