Regulatory Compliance Testing Manager

$90,000 - $115,000/Yr

Five Star Bank - Rochester, NY

Full-time - Senior

Rochester, NY

Credit Intermediation and Related Activities

About the position

The Regulatory Compliance Testing Manager at Five Star Bank is responsible for overseeing the compliance testing team, ensuring adherence to federal and state banking laws and regulations. This role involves developing and implementing testing systems and processes for Deposit and Lending products, collaborating with business leaders to manage compliance risks, and providing training to staff on compliance obligations. The manager will also document testing results, prepare regulatory reports, and lead solutions to compliance issues.

Responsibilities

• Manage and oversee the compliance testing team.
• Develop, implement, and maintain testing systems and processes for compliance.
• Collaborate with business leaders to manage compliance risks.
• Support the development and administration of Bank policies and compliance requirements.
• Coordinate compliance testing across various Lines of Business.
• Provide compliance testing training to staff and partners.
• Document testing performed and report results to stakeholders.
• Participate in oversight of Regulatory Compliance audits and examinations.
• Stay updated on financial regulations and monitor industry changes.
• Prepare regulatory reports and filings as required.
• Develop incident response plans for compliance breaches.
• Champion process improvement recommendations.

Requirements

• Bachelor's Degree in Business, Finance, Law, or a related field.
• 5+ years experience as a compliance officer or in a related field.
• Strong knowledge of regulatory compliance and risk management processes.
• Experience conducting compliance risk assessments and testing activities.
• Extensive knowledge of financial institution policies and procedures.
• Ability to read, analyze, and interpret government regulations and legal documents.
• Strong verbal and written communication skills.
• Proficient in Microsoft Office applications.

Nice-to-haves

• Experience with Community Bank regulations.
• Ability to interact positively with senior management and solve complex problems.

Benefits

• Health savings account
• Paid holidays
• Disability insurance
• Health insurance
• Dental insurance
• Flexible spending account
• Tuition reimbursement
• Paid time off
• Vision insurance
• Life insurance
• Referral program