Testing Compliance Officer

Amalgamated Bank • New York, NY

303d • $95,000 - $100,000 • Onsite

About The Position

Amalgamated Bank is seeking a Testing Compliance Officer to assist the Compliance Officers to ensure the Bank's loan, deposit products and services maintain compliance with federal and state regulations, as well as all Bank compliance-related policies and procedures. Organize and execute day-to-day operational Consumer Compliance and Risk Management activities relative to the business line. By joining our team, you'll be joining a Bank that believes that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.

Requirements

• Bachelor's degree.
• Three or more years of Compliance experience.
• Knowledge of the banking industry, the regulatory process and policy issues.
• Works independently, prioritizes assignments and organizes concurrent responsibilities.
• Strong ability to adapt to a rapidly changing work environment.
• Strong project management, analytical and organizational skills.
• Ability to identify problems and recommend solutions.
• Excellent verbal/written communication and interpersonal skills.
• Strong technical skills including Excel, and the ability to learn new systems quickly.

Responsibilities

• Performs monitoring/testing to ensure existing and proposed deposit and lending-related business practices, policies, procedures, software systems, documents and disclosures comply with federal and state regulations.
• Subject matter expertise relative to lending, deposit, and loan servicing regulations.
• Collaborate with Chief Compliance Officer in executing the Bank's Compliance Management System.
• Assist Lending and Deposit Compliance Officers working with business units to analyze compliance risks associated with new and existing consumer, small-business, and commercial lending and deposit products and services.
• Reviews deposit and lending-related advertisements for compliance with regulatory requirements. Also, reviews all loan and deposit disclosures and forms.
• Performs quarterly scrubs of the Bank's Home Mortgage Disclosure Act - Loan Application Register (HMDA - LAR) data.
• Responsible for reviewing and revising policies, procedures, and processes in response to regulatory requirements.
• Update and maintain the Outstanding Issues Tracking Log after each monitoring review, and work with appropriate departments to ensure proper corrective action.
• Work with other Compliance Officers with ongoing lending-and deposit-related Compliance, fair lending monitoring and risk assessments.
• Work with internal and external auditors and examiners for the successful completion of compliance audits and regulatory exams.
• Perform research on regulatory issues that is thorough, accurate and timely. develop reporting on the results of the research for action plans to be developed.
• Work with business units to perform analysis of compliance risks associated with new and existing consumer and small-business products and services.
• Conducts compliance monitoring/testing reviews and risk assessments of key regulations as per the plan evaluates the effectiveness of internal policy, procedures, and processes.
• Tracks and monitors the remediation of problems identified in compliance monitoring reviews and regulatory examinations.
• Participate in internal bank projects and provides assistance as needed.
• Perform other duties as directed.

Benefits

• Starting base salary for this role is between $95,000.00 - $100,000.00.
• Equal Opportunity and Affirmative Action Employer.
• Encouragement for AmeriCorps, Peace Corps and other national service alumni to apply.

What This Job Offers

• Job Type: Full-time
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree