Regulatory Change Management Officer

Rockland Trust•Rockland, MA

3h•$90,000 - $110,000•Onsite

About The Position

The Regulatory Change Management Officer is a vital Second Line of Defense role within the Compliance function of the Risk Management (ERM) department. This individual will assist with the continued development and implementation of the Regulatory Change Management (RCM) Program across the enterprise and leverage the bank’s Governance, Risk, and Compliance (GRC) tool to execute, maintain, and evolve the program to ensure the bank stays compliant with new and changing regulations. As part of the Compliance Management Administration team, the RCM Officer will report to the Compliance Program Officer. The principal objectives of this role will be identify regulatory changes that could impact the bank and its operations, provide accurate assessments of the impacts to bank stakeholders, assist in developing regulatory implementation plans, and developing and maintaining a contact network of both public and private sector professionals that can be leveraged to help identify what prevailing regulatory changes/trends could affect the bank and its strategic objectives.

Requirements

Ability to develop strong relationships across government, risk management and cross-functionally with ability to establish constructive dialogue internally and externally.
Ability to work independently and collaborate as part of a team.
Ability to lead projects or workstreams.
Capability and experience with driving change to achieve business targets within short and longer term timeframes.
Effective communication and presentation skills, including senior executive interactions - can present credibly to both large and small groups.
Articulate and highly effective communicator.
Excellent analytical, interpersonal and problem-solving skills.
Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment.
Strong attention to detail and accuracy.
Demonstrates strong ethics.
Bachelor’s degree in finance, politics, economics, or related field; advanced degree or relevant certifications (e.g., JD, MBA, CRCM, CERP) preferred.
Minimum 3 years of experience in compliance management, regulatory change management, or related banking roles.
Experience in a regulatory examiner or audit role overseeing compliance risk, a plus.
Strong understanding of compliance risk principles, regulatory requirements, and compliance management systems.
Knowledge of GRC systems – experience with WolfPAC and Archer Risk Central specifically, a plus.

Nice To Haves

Experience in a regulatory examiner or audit role overseeing compliance risk, a plus.
Knowledge of GRC systems – experience with WolfPAC and Archer Risk Central specifically, a plus.

Responsibilities

Monitor federal and state banking regulations, regulatory guidance, enforcement actions, and industry developments
Leverage the third-party authoritative sources, regulatory libraries, and industry contacts to monitor new and amended laws, regulations, and supervisory guidance across multiple regulatory bodies (e.g., CFPB, FDIC, FTC, SEC, State regulators)
Track the lifecycle of the regulatory changes within the GRC tool and communicate the information to the appropriate stakeholder(s)
Maintain and revise as necessary the Regulatory Change Management Program and procedures
Conduct a risk and impact assessment of applicable regulatory changes and evaluate how the regulatory changes affect the bank’s operations
Lead cross-functional teams to ensure regulatory changes are understood, communicated and embedded in relevant processes and practices
Assist business units with revisions to policies and procedures for alignment with the regulatory change requirements
For business-unit led initiatives provide an advisory role, monitor the progress, oversee and ensure implementation of processes and practices before the enforcement date
For compliance-led initiatives perform initial analysis, partner with stakeholders to develop a project plan, execute, confirm, and document all key milestones and project tasks are appropriately completed on or before enforcement date
Design and monitor key risk and performance indicators (KRIs/KPIs) to understand if progress on RCM initiatives is outside of the risk appetite
Prepare well-documented presentations and reports to communicate the status of regulatory changes to the business lines, Compliance Committee, Executive Leadership, and regulatory bodies
Maintain and revise as necessary the RCM Program document and procedures
Contribute to education and training programs to ensure employees understand and comply with regulatory requirements
Assist with regulatory examinations and internal/external audit requests, including preparing materials, providing responses, and communicating with Examiners and Internal Auditors
Actively participate in assigned cross-functional teams and Bank Committees such as the Compliance Committee and/or ERM Committee, as appropriate
Enhance knowledge of regulations by attending educational workshops, reviewing professional publications, establishing personal networks, and participation in professional organizations and trade groups
Attend public regulatory hearings, legislative sessions, and relevant conferences as necessary
Support Management in the execution of the Bank’s strategic goals and compliance risk management activities in accordance with the ERM framework
Actively participate in the ERM department’s mission to prevent, detect, and manage consumer compliance risk and promote a culture of compliance
Provide other support as needed and remain eligible for special projects or ad hoc assignments
Other duties as assigned