Compliance Officer

Alma Bank, headquartered in Long Island City, New York and having 13 branches located throughout Queens, NYC, New Jersey, Long Island, Brooklyn and the Bronx, brings personal service back to personal banking. We have genuine banking professionals ready to serve our customers, and offer a full range of products and services. Alma delivers a private banking style experience to our business banking customers.

SUMMARY:

Ensures that an effective, risk-based compliance management system has been designed and implemented to comply with all applicable federal and state laws, regulations and regulatory guidance. Further oversees the establishment of and adherence to an appropriate internal control environment (i.e.: policies, procedures, and processes) reasonably designed to comply with all federal and state laws and regulations. Salary range offered is between $130k-$160k.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned:

• Identify compliance-related risks and emerging issues pertinent to the Bank's operations.
• Develop, implement, maintain and administer the Bank’s Compliance Management System, which includes but is not limited to developing and executing applicable risk assessments, scheduling and reporting on compliance testing, as well as drafting and updating compliance policies and procedures.
• Direct departmental staff responsible for compliance in the course of their daily work, ensuring that staff is fulfilling all required functions in a timely, efficient and effective manner.
• Perform quality assurance reviews of work performed by departmental staff responsible to ensure the accuracy of work performed.
• Perform and/or oversee various, bank-wide quality assurance reviews and compliance monitoring in the areas assigned.
• Investigate, as applicable, cases of compliance findings arising from compliance reviews, customer complaints or Audit/Regulatory findings to determine root causes, recommend and monitor corrective action to resolution.
• Maintain collaborative alliances with all Bank business lines to ensure that compliance risks and red flags are identified and communicated prior to implementation of new/changed products and services.
• Responsible for coordinating with the Training Department, compliance training for applicable staff throughout the Bank.
• Direct departmental staff responsible for in-person training of new employees with regards to compliance related matters.
• Periodically report to the Board of Directors and Management Compliance Committees, by compiling information regarding the Compliance Programs and providing status updates in sufficient detail for the Board and Management Committee to exercise their oversight and governance responsibilities, including industry trends and/or highlights.
• As a member of the Bank's Compliance Committee, as well as other Bank working groups as assigned, attends regular meetings and provides advice pertaining to Compliance related matters.
• Review and approve marketing materials, advertising, website and social media for compliance.
• Responsible for certain administrative duties of the department including timekeeping, performance reviews, promotions, vacations, etc.
• Liaise with examiners during compliance examinations and auditors during compliance audits.
• Perform special projects and additional duties and responsibilities, as required and directed.
• Review and analyze new laws, regulations and regulatory guidance for impact on business owners or systems.
  
  

QUALIFICATIONS:

• Bachelor's Degree from four-year college or university required
• CRCM strongly preferred
• Minimum of 10 years of experience working in financial services regulatory compliance or audit position or related bank operation experience and/or training; or equivalent combination of education and experience
• Must possess a working knowledge of the various consumer compliance regulations and related banking laws
• Ability to work independently in a fast-paced, deadline-driven environment
• Project management skills with ability to manage multiple tasks in an efficient, organized and timely manner
• Strong analytical and reasoning skills
• Must possess a knowledge of core banking operations processes
• Excellent follow-up, written and oral communication skills
• Excellent computer skills relevant to Microsoft Office Suites (i.e. Word, Excel, Outlook) and related departmental and analytical software.
  
  

EDUCATION and/or EXPERIENCE:

Bachelor’s degree and experience in compliance, legal, audit or other control function in a financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof. Advanced degree preferred.

BENEFITS:

• Salary commensurate with experience.
• Alma Bank employees work in an open and collaborative environment.
• Alma Bank Offers its eligible employees a generous matching 401(k), excellent healthcare coverage (medical/dental/vision), short and long term disability, life insurance and long term care options.
  
  

Alma Bank is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law.

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