Senior Compliance Analyst

Blue Foundry Bank • Parsippany-Troy Hills, NJ

78d

About The Position

The Senior Compliance Analyst is responsible for supporting and overseeing the Bank’s Compliance Department to ensure adherence to federal and state regulatory requirements through the effective management of the Compliance Management System (CMS). This role involves conducting compliance reviews, audits, and risk assessments to identify and mitigate regulatory risks, recommending corrective actions, and enhancing the organization’s overall compliance framework. Additionally, the Senior Compliance Analyst manages the Internal Loan Review (ILR) Program in accordance with the Bank’s ILR Policy, overseeing third-party loan reviews and/or directly conducting reviews of the Bank’s commercial loan portfolio to ensure compliance with ILR Policy penetration guidelines. The role also includes collaborating with internal departments to interpret and apply regulations, assisting in policy and procedure development, supporting regulatory examinations, monitoring regulatory changes, and providing compliance training to strengthen the Bank’s compliance posture.

Requirements

• Experience in compliance, risk management, or a related field.
• Strong understanding of federal and state banking regulations.
• Ability to conduct audits and risk assessments.
• Excellent communication and training skills.
• Detail-oriented with strong analytical skills.

Nice To Haves

• Experience with CRA and Fair Lending products.
• Familiarity with Compliance Management Systems (CMS).
• Previous experience in a banking environment.

Responsibilities

• Monitor and interpret regulatory changes and updates to ensure the company remains compliant with all relevant laws and regulations.
• Develop, implement, and maintain compliance policies and procedures.
• Conduct regular compliance audits and risk assessments.
• Provide training and support to staff on compliance-related matters.
• Prepare and submit regulatory reports and filings as required.
• Assist with monitoring regulatory requirements across various bank locations, including CRA, Fair Lending, Regulations AA, Z, C, E, DD, X, CC, FCRA/FACT Act, UDAP, etc.
• Demonstrate experience with CRA and Fair Lending products.
• Serve as a resource for regulatory matters and compliance-related initiatives.
• Respond to questions from business units regarding interpretations of regulatory requirements and applicable guidance.
• Provide compliance analysis and support for new products and services implemented by the bank.
• Assist the Director of Compliance and BSA/AML (Chief Compliance Officer) with document collection for audits and regulatory examinations as necessary.
• Perform other tasks which may be assigned by management.
• Supervises the Compliance Coordinator.

Benefits

• Medical, dental, and vision coverage.
• Life insurance.
• Short- and long-term disability insurance.
• 401(k)/Roth with company match up to 5%.
• Paid time off and 11 paid holidays.
• Employee referral bonus.
• Educational reimbursement.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 101-250 employees