Compliance Officer-Testing

Valley Bank • Morristown, NJ

15h

About The Position

Responsibilities include but are not limited to:
Independently perform Compliance testing Activities for Valley businesses in
adherence with regulatory standards, documenting results accurately and
ensuring quality and timely execution.
Complete Compliance Risk Assessment Processes for businesses supported
including performing analysis needed.
Monitor and follow up on remediation actions arising from testing and Risk
Assessment activities and confirm that corrective action has been effectively
implemented.
Collaborate with Compliance and business stakeholders to provide guidance on
Compliance processes, gather information and discuss compliance issues and
related opportunities for process improvements.
Prepare compliance monitoring metrics and provide reports to management,
identifying trends or areas requiring further attention.
Monitor changes in relevant banking regulations.
Contribute to training and documentation by drafting and updating compliance
procedures and training materials.
Prepare responses for Internal Audit or regulatory examinations and outside
agencies, including the OCC and CFPB.
Update relevant systems (e.g., AuditBoard) with testing workpapers, results,
and status updates, ensuring records are organized and accessible for review.

Requirements

• Familiar with all consumer banking regulations and applicability to commercial deposit and lending activities. Knowledge of third-party risk management and/or corporate compliance (Volcker Rule, Regulation W, FATCA) preferred.
• Ability to provide effective guidance to stakeholders at all levels.
• Intermediate to advanced PC skills for Microsoft Office -- Word, Excel, and Outlook.
• Excellent verbal and formal written communication skills.
• Ability to analyze various compliance problems or regulations and develop effective solutions.
• Ability to conduct research independently via written materials as well as electronic versions in an effective and professional manner.
• Ability to manage and complete projects effectively.
• High School diploma or GED equivalent and a minimum of three years of related compliance experience.

Nice To Haves

• Bachelor's Degree and/or additional education/courses preferred.
• ABA Certified Regulatory Manager (CRCM) certification), Association of Certified Anti-Money Laundering Specialist's (CAMS) certification, Bankers Training and Certification Center's (BAI) Anti-Money Laundering Professional (AMLP) certification.

Responsibilities

• Independently perform Compliance testing Activities for Valley businesses in adherence with regulatory standards, documenting results accurately and ensuring quality and timely execution.
• Complete Compliance Risk Assessment Processes for businesses supported including performing analysis needed.
• Monitor and follow up on remediation actions arising from testing and Risk Assessment activities and confirm that corrective action has been effectively implemented.
• Collaborate with Compliance and business stakeholders to provide guidance on Compliance processes, gather information and discuss compliance issues and related opportunities for process improvements.
• Prepare compliance monitoring metrics and provide reports to management, identifying trends or areas requiring further attention.
• Monitor changes in relevant banking regulations.
• Contribute to training and documentation by drafting and updating compliance procedures and training materials.
• Prepare responses for Internal Audit or regulatory examinations and outside agencies, including the OCC and CFPB.
• Update relevant systems (e.g., AuditBoard) with testing workpapers, results, and status updates, ensuring records are organized and accessible for review.

What This Job Offers

• Career Level: Mid Level
• Education Level: High school or GED