Divisional Compliance Officer

NBT Bank•Norwich, NY

4d•$63,925 - $85,250

About The Position

With direction from the Divisional Compliance Manager, the Divisional Compliance Officer develops and executes a testing program in accordance with the Division’s compliance and quality control program. The role supports business lines and lines of support in identifying process changes needed to implement new or revised regulatory requirements, communicates testing results to the Division’s senior management team, coordinates an appropriate training regimen for Divisional employees, and serves as a Compliance Coordinator for the Division. The position assesses regulatory procedure changes, monitors compliance with selected requirements, maintains testing and monitoring records, and coordinates materials for regulatory examinations. It communicates applicable requirements and procedures to employees and reports testing exceptions and corrective actions to the Division Executive and Compliance Department.

Requirements

Bachelor’s degree required.
Minimum of 2–5 years of experience in the financial services field.
Proficient knowledge of federal and appropriate state compliance laws and regulations.
Proficiency in Microsoft Office software.
Ability to learn and understand the systems and processes used within the Division, including Direct Lending, Dealer Finance, Special Assets and Retail Collections, Call Center, Deposit Operations, Canajoharie Operations, and Electronic Banking & Wire Room.
Familiarity with Federal Banking Regulations.
Working knowledge of workflow applications and disclosures.
Ability to learn and understand internal policies, products, and procedures.
Ability to communicate effectively with internal and/or external customers.
Ability to remain stationary for 75% or more of the time.
Ability to move objects weighing up to 10 pounds.

Nice To Haves

Master’s degree preferred.

Responsibilities

Develop and execute the Division’s compliance testing program, including test plans, populations, procedures, documentation, reporting, and communications.
Evaluate testing results and recommend actions to the Manager and department employees to minimize regulatory risk while meeting business objectives.
Act as liaison and point of contact with Compliance for regulatory matters affecting the Division.
Assess implementation by lines of business and lines of support of new or revised procedures resulting from regulatory changes, and provide procedural descriptions and updates to the Compliance Department.
Maintain knowledge of relevant state and federal rules and regulations and ensure employees are aware of applicable requirements and procedures.
Distribute and explain written materials from the Compliance Department to appropriate Division employees.
Support the Division in ensuring employees successfully complete appropriate compliance training according to a defined training regimen.
Monitor compliance with selected regulatory requirements in accordance with the Division’s compliance and quality control program, review results with senior management, and report exceptions and corrective actions taken or planned to the Division Executive and Compliance Department.
Maintain internal records of testing results and other monitoring activity.
Coordinate the gathering of relevant materials for regulatory examinations.
Perform other duties as assigned.

Benefits

At least 22 days of paid time off annually for full-time employees, prorated in the year of hire.
Six weeks of paid parental leave at 100% of salary.
Medical coverage, including employer HSA contributions for eligible High Deductible Health Plan participants.
Dental and vision coverage.
Flexible spending accounts for healthcare and dependent care expenses.
Employer-paid short- and long-term disability coverage, with an option to purchase additional long-term coverage.
Employer-paid basic life insurance, with an option to purchase supplemental coverage.
Voluntary hospital, accident, and critical illness coverage.
401(k) plan with employer matching, optional Roth 401(k), and pension plan.
Adoption assistance.
Tuition reimbursement.
Employee Assistance Program (EAP).
Pet insurance.
Banking services benefits and financial planning assistance.
Flexible work arrangements.
Wellness initiatives.
Performance-based incentives.
Part-time employees working 20 or more hours per week are offered medical, dental, and vision coverage, voluntary benefits, and six weeks of paid parental leave.
All part-time employees are offered retirement plans, paid sick and safe leave, an Employee Assistance Program, and financial and banking services; pension eligibility requires at least 1,000 hours worked in a calendar year.