Senior Compliance Manager and Privacy Officer

IDBNY•New York, NY

3d•$160,000 - $180,000•Hybrid

About The Position

Provide advice and guidance to the Chief Compliance Officer, senior management, and business lines regarding compliance with non-AML/BSA laws and regulations with a focus on privacy and non-lending consumer regulations (i.e. Regs E, D, DD, CC, ADA, UDAAP, Elder Abuse, E-Sign). Responsible for overseeing the aspects of the General Compliance Program relating to privacy, non-lending consumer regulations, regulatory changes and ongoing monitoring. This role involves effective management and remediation of all internal and regulatory examinations and reviews, including interacting with the Bank’s regulators. The Senior Compliance Manager and Privacy Officer will manage the Bank’s Privacy and Identity Theft Programs, Regulatory Change Management, Complaint and Ongoing Monitoring Programs, and staff. This position reports directly to the Bank's Chief Compliance Officer.

Requirements

5 plus years’ experience of increasing responsibility working for either a regulatory agency examining banks or in a bank within the Compliance or Legal Departments providing advice and/or guidance on banking regulations and laws.
College degree or equivalent experience required.
Ability to work with and independently from Chief Compliance Officer.
Demonstrated ability to actively and effectively interact with the Bank’s regulators, business lines, and other areas of the Bank.
Strong communication, and collaboration skills, including the ability to work effectively with others at all levels across the organization.
Ability to quickly assimilate sizable amounts of information relating to complex issues, maintain professionalism, diplomacy, and the ability to use discretion when making decisions, be creative and innovative in problem solving, and exercise good judgment.
Ability to make decisions and meet deadlines under a fast-moving environment.
Effectively provide solutions and direction, multi-task, excellent time and resource management skills, work independently, problem solve, and deliver results.
Excellent written and oral communication skills.
Experience in MS Office.

Nice To Haves

A law degree is desired but not required.
Prior employment by a banking regulator is desired but not required.

Responsibilities

Provide advice and guidance to the Chief Compliance Officer, senior management, and business lines regarding compliance with non-AML/BSA laws and regulations with a focus on privacy and non-lending consumer regulations.
Manage and oversee the Bank’s Privacy and Identity Theft Programs.
Manage and oversee the Bank’s Regulatory Change Management, Complaint and Ongoing Monitoring Programs.
Manage staff.
Oversee the aspects of the General Compliance Program relating to privacy, non-lending consumer regulations, regulatory changes and ongoing monitoring.
Assist with General Compliance, UDAAP and Fair Lending Risk Assessments.
Oversee the Regulatory Change Management Program in assessing and implementing new or changing laws and regulatory requirements.
Provide subject matter expertise on training materials and audience identification pertaining to privacy and non-lending consumer regulations.
Review and approve new Time Deposit Terms and Conditions and related marketing materials and disclosures.
Work with business units to identify and interpret any issues arising from the introduction of new or existing products and/or services with a focus on UDAAP, privacy and deposit regulations.
Manage and report on the Bank’s Complaint Program including any noticeable trends.
Provide periodic compliance updates to Senior Management and Committees of the Board, as necessary.
Represent the Compliance Department in relevant meetings.
Maintain a current knowledge of consumer compliance regulations and compliance best practices and recommend changes, as necessary.
Handle ad hoc projects as required.
Effectively interact with the Bank’s regulators, business lines, and other areas of the Bank.
Make decisions and meet deadlines under a fast-moving environment.
Provide solutions and direction, multi-task, manage time and resources effectively, work independently, problem solve, and deliver results.