Head of Policies, Procedures and Compliance Analytics

Apple Bank•New York, NY

10h•$190,000 - $250,000

About The Position

The Head of Policies, Procedures, & Compliance Analytics is responsible for supporting the effective design and implementation of Apple Bank’s Compliance Management System (CMS). This role ensures that all compliance policies and procedures are aligned with applicable laws and regulations relevant to the Bank and its products and services and coordinates these efforts with the corporate policy governance administered by Enterprise Risk Management. The incumbent manages a team of data analytics professionals dedicated to enhancing the Compliance Department’s monitoring, testing, and risk assessment processes. Additionally, this position ensures that reports generated from these activities deliver valuable and actionable insights to senior executive management and the Board, thereby enabling informed oversight and decision-making. The CMS is designed to enhance the Bank’s capacity to, within its established risk tolerance and where feasible and practical, prevent non-compliance. When prevention is not feasible or practical, the CMS aims to facilitate the self-identification, correction, and remediation of issues arising from non-compliance with laws, regulations, and regulatory expectations enforced by agencies such as the New York State Department of Financial Services, New Jersey Banking and Insurance Department, Federal Deposit Insurance Corporation, Federal Reserve Bank, and Consumer Financial Protection Bureau. These requirements apply to products and services offered to consumers and, in certain cases, business customers, which are collectively known as Legal and Regulatory Risks (LRRs). The Head of Policies, Procedures, & Compliance Analytics regularly communicates with senior management and supervisory regulators and examiners regarding compliance matters. This role also collaborates frequently with Legal on issues related to policies and procedures, and engages with Compliance Department staff, Internal Audit, and senior management across business lines.

Requirements

Bachelor's degree is required, JD a plus.
10 + years of industry experience with general financial institution compliance related activity.
Excellent communication skills (verbal + written).
Understanding of commercial banking and retail banking, laws, and regulations applicable to both.
Possess strong analytical thinking and critical reasoning skills with a strong attention to detail.
Self-motivated with the ability to work independently.
Ability to effectively manage and successfully meet established deadline requirements.
Visa sponsorship not available.

Nice To Haves

CRCM or other industry designation a plus.

Responsibilities

Evaluate current Compliance Department policies and procedures, including relevant manuals, and update them as necessary; ensure all changes are thoroughly documented and tracked.
Develop additional compliance policies and procedures when required.
Collaborate with the Head of Consumer Compliance and Head of Compliance Testing to identify deficiencies in business line policies and procedures.
Assess business line policies and procedures for alignment with legal and regulatory compliance requirements.
Support business lines in revising policies and procedures to incorporate documented controls pertinent to applicable laws and regulations.
Partner with the Legal Department to ensure timely integration of all regulatory changes into Bank wide policies and procedures.
Prepare and deliver reports to the Chief Compliance Officer and senior management regarding the status of compliance and business line policies/procedures, highlighting any areas of concern.
Assist the Head of Compliance Testing in developing processes to update testing plans in response to regulatory changes or the introduction of new products and services.
Participate in relevant industry training to remain informed of current regulatory expectations.
Supervise a team of data analytics experts to (a) continuously enhance the effectiveness of Compliance Department monitoring, testing, and risk assessment activities, (b) improve scalability and efficiency of these processes to support the Bank’s continued growth, and (c) serve as an incubator for developing analytic testing and monitoring solutions transferable to first-line quality assurance/quality control functions.
Perform additional duties as assigned.