Compliance Testing Analyst

Metropolitan Commercial Bank•New York, NY

7d•$80,000 - $100,000•Hybrid

About The Position

The primary function of this position is to support the Compliance Director – Monitoring and Testing in the development, implementation, execution and reporting of the Bank's compliance testing, monitoring, and validation exercises in accordance with the Bank's Compliance Monitoring and Testing (CMT) Plan. Strong analytical skills, attention to detail, and a thorough understanding of risk management principles are essential for success in this role. The successful candidate for this role will be a proactive and analytical individual with a solid understanding of CMS, risk management principles, excellent communication skills, and the ability to work collaboratively in a dynamic environment. We have a flexible work schedule where employees can work from home one day a week.

Requirements

2-5 years of Bank Compliance monitoring & testing experience
Bachelor’s degree; Advanced degree a plus
Knowledge and experience with Compliance monitoring and testing principles including planning, risk assessments, regulatory controls, operating effectiveness testing, and reporting activities;
Proficiency in compliance and risk management principles, methodologies, and frameworks;
Familiarity with risk management software and tools (e.g., GRC platforms);
Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions;
Strong presentation skills, including the ability to present findings and recommendations to senior leadership;
Proficient in MS Office applications (Excel, Word, PowerPoint)
Knowledge of Federal Reserve, New York State Department of Financial Services and Consumer Financial Protection Bureau rules and regulations; Knowledge of banking regulations and regulatory frameworks, including but not limited to Dodd-Frank Act, and consumer protection laws;
Detail-oriented and organized, with the ability to manage multiple priorities and deadlines in a fast-paced environment; and
Sound judgment and decision-making skills, with the ability to balance regulatory requirements with business objectives and risk considerations.

Nice To Haves

Certified Regulatory Compliance Manager (CRCM) designation a plus
Deposit and commercial lending knowledge is a plus

Responsibilities

Responsible for supporting, and reporting to, the Compliance Director to develop, monitor, and execute the Bank’s Compliance and Monitoring Plan.
Monitor, test and report on the Bank’s adherence to its regulatory compliance policies, procedures and controls across all product lines.
Track issues to completion and assure corrective action has been implemented within specified timeframes.
Assist the business lines with the implementation of new or changes to regulations.
Support and participate in the development of management and Board level reporting, including metrics on adherence to testing schedule, open/closed/delinquent testing action plans, and other items as directed.
Develop effective relationships within Compliance and with other Bank stakeholders including Business process owners, external clients and Internal Audit function.
Inform Compliance management of significant compliance matters that require their attention or action.
Assist the Compliance Director with responding to regulatory agencies’ requests for information as well as internal audit requests.
Assist Compliance Governance to perform annual compliance risk assessments.
Provide in-house training to address identified weaknesses.
Serve as a compliance resource to Bank employees.
Maintain up-to-date knowledge of consumer protection laws and regulations.
Other compliance duties as assigned.