Compliance Specialist - New York, United States - Texas Partners Bank

Description

Responsibilities and Duties:
Participating in the development and implementation of policies, procedures, and controls to ensure compliance with existing laws, regulations, and industry best practices

Keep informed of regulatory changes and updates by reading bulletins, circulars, and other pronouncements from CFPB, OCC, Federal Reserve, FDIC, and State Regulatory agencies.

Conduct internal reviews of current laws and regulations for business impact; and in collaboration with assigned business line units, identifying and assessing compliance risks and evaluating the adequacy of mitigating controls.

Assist in the development of compliance programs by maintaining files, training necessary bank staff, assisting in relevant internal audits and follow-up of those audits

Disseminating appropriate regulatory information to affected bank personnel, to include helpful guides and aids to assist in the understanding of the act and locating and sharing efficient ways to achieve compliance.

Review marketing materials to ensure regulatory compliance is maintained

Participate in the development of compliance training administered by the Compliance Department; and review and approve compliance content of training materials and manuals developed, maintained, and administered by assigned business line units.

Ensures appropriate record entries are made on the HMDA and CRA loan/application registers (LAR) within thirty calendar days after the end of the calendar quarter.

Reviews and assists in certifying the accuracy of HMDA/CRA data submitted to the institution's processing agency at year-end.
Keep a record of the Bank's Community Development loans, services, investments, and donations
Develops new programs for changes or new regulatory requirements
Other duties may be assigned.


Education and Experience Qualifications:
College Degree preferred.
Minimum of 3 years of experience in the consumer compliance banking environment. Good understanding of consumer compliance regulatory laws and acts, i.e. Home Mortgage Disclosure Act, Community Reinvestment Act, Flood Disaster Protection Act, Truth-in-Lending Act, Truth-in-Savings Act, etc.


Requirements:

Active Listening – Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Speaking – Talking to others to convey information effectively.
Reading Comprehension – Understanding written sentences and paragraphs in work related documents.
Mathematics – Using mathematics to solve problems.

Critical Thinking – Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Coordination – Adjusting actions in relation to other's actions

Judgement and Decision Making – Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Advanced knowledge of all consumer protection laws and regulation.