Regulatory Compliance Associate

Department: Compliance

FLSA Status: Non-Exempt

Job Summary

Must possess excellent attention to detail, decision-making and organizational skills as well as the ability to work well independently. Must be able to respond to inquiries from regulatory agencies, courts, and outside consultants. Candidates must have excellent verbal and written communication skills and the ability to safeguard confidential information. This position requires proficiency with Excel, Word, and Outlook.

Responsibilities & Duties

Assist in developing and updating the Bank’s policies and procedures.
Must serve as a reference for all compliance related matters and questions from all bank departments.
Collect and disseminate to appropriate staff members information related to compliance.
Review the Bank’s forms and disclosures to ensure that they comply with all applicable laws and regulations.
Reviewing CRA performance and maintaining the Bank’s CRA public file
Provide input regarding compliance concerns relevant to products and services offered by the bank.
Review of the monitoring work papers to ensure the written reports are reflective of findings.
Ensuring that the exceptions disclosed through compliance Monitoring Reviews are responded to in a timely manner and corrective action is effectively implemented.
Maintaining a competent level of expertise and knowledge of the requirements of the various laws, regulations, and rulings governing the Bank’s activities.
Researching and resolving compliance-related issues and inquires which relate to primary responsibility areas.
Review, on a periodic basis, Regulatory Examinations Report Findings to ensure that the findings are accurate and that corrective action has been implemented.
Administers compliance program including curriculum development and necessary changes according to regulatory environment.
Coordinates, reviews, performs and updates the Bank’s annual compliance risk-assessments.
Prepares and presents periodic reports to management concerning the Bank’s record of compliance.
Develops and performs Fair Lending file reviews and bank-wide performance on a periodic basis.
Ensures that all complaints are escalated and appropriately resolved in a timely manner. Maintain records of complaints and resolution.
Reviews new and proposed regulations and updates. Disseminates information to staff related to compliance and other topical subjects. Maintains library of compliance resources.
Provide reports as necessary to the Risk and Audit Executive.
Perform other duties as assigned by supervisor.

Qualifications

The candidate must possess the following: Bachelor's degree in Accounting or Finance
At least three years of relevant experience working in a controls related role (i.e., SOX/FDICIA Compliance programs, internal controls programs, internal audit, external audit, etc.)
Excellent written and verbal communication skills
Able to communicate with all levels of management
Able to work independently and manage multiple tasks, i.e., excellent project management skills
This job has no supervisory responsibilities.

Competencies

To perform the job successfully, an individual should demonstrate the following competencies:

Analytical - Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; designs work flows and procedures.

Continuous Learning - Assesses own strengths and weaknesses; seeks feedback to improve performance; pursues training and development opportunities; strives to continuously build knowledge and skills; shares expertise with others.

Job Knowledge - Competent in required job skills and knowledge; exhibits ability to learn and apply new skills; keeps abreast of current developments; requires minimal supervision; displays understanding of how job relates to others; uses resources effectively.

Use of Technology - Demonstrates required skills; adapts to new technologies; troubleshoots technological problems; uses technology to increase productivity; keeps technical skills up to date.

Design - Generates creative solutions; demonstrates attention to detail.

Problem Solving - Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem solving situations; uses reason even when dealing with emotional topics.

Customer Service - Responds to requests for service and assistance; meets commitments.

Communications - Expresses ideas and thoughts verbally; expresses ideas and thoughts in written form; exhibits good listening and comprehension; keeps others adequately informed; selects and uses appropriate communication methods.

Cooperation - Establishes and maintains effective relations; exhibits tact and consideration; offers assistance and support to co-workers; works cooperatively in group situations; works actively to resolve conflicts.

Oral Communication - Speaks clearly and persuasively in positive or negative situations; listens and gets clarification; responds well to questions; demonstrates group presentation skills; participates in meetings.

Teamwork - Balances team and individual responsibilities; exhibits objectivity and openness to others' views; gives and welcomes feedback; contributes to building a positive team spirit; puts success of team above own interests; able to build morale and group commitments to goals and objectives; supports everyone's efforts to succeed.

Written Communication - Writes clearly and informatively; edits work for spelling and grammar; varies writing style to meet needs; presents numerical data effectively; able to read and interpret written information.

Business Acumen - Understands business implications of decisions; displays orientation to profitability; aligns work with strategic goals.

Conflict Resolution - Encourages open communications; confronts difficult situations; maintains objectivity; keeps emotions under control; uses negotiation skills to resolve conflicts.

Diversity - Demonstrates knowledge of EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes a harassment-free environment; builds a diverse workforce.

Ethics - Treats people with respect; keeps commitments; inspires the trust of others; works with integrity and principles; upholds organizational values.

Organizational Support - Follows policies and procedures; completes administrative tasks correctly and on time; supports organization's goals and values; benefits organization through outside activities; supports affirmative action and respects diversity.

Strategic Thinking - Understands organization's strengths & weaknesses.

Adaptability - Adapts to changes in the work environment; manages competing demands; changes approach or method to best fit the situation; able to deal with frequent change, delays, or unexpected events.

Achievement Focus - Sets and achieves challenging goals; demonstrates persistence and overcomes obstacles; measures self against standard of excellence; recognizes and acts on opportunities; takes calculated risks to accomplish goals.

Personal Appearance - Dresses appropriately for position; keeps self well groomed.

Attendance/Punctuality - Is consistently at work and on time; ensures work responsibilities are covered when absent; arrives at meetings and appointments on time.

Dependability - Follows instructions, responds to management direction; takes responsibility for own actions; keeps commitments; commits to long hours of work when necessary to reach goals; completes tasks on time or notifies appropriate person with an alternate plan.

Initiative - Volunteers readily; undertakes self-development activities; seeks increased responsibilities; takes independent actions and calculated risks; looks for and takes advantage of opportunities; asks for and offers help when needed.

Innovation - Displays original thinking and creativity; meets challenges with resourcefulness; generates suggestions for improving work; develops innovative approaches and ideas; presents ideas and information in a manner that gets others' attention.

Judgement - Displays willingness to make decisions; exhibits sound and accurate judgment; supports and explains reasoning for decisions; includes appropriate people in decision-making process; makes timely decisions.

Planning/Organizing - Prioritizes and plans work activities; uses time efficiently; plans for additional resources; sets goals and objectives; organizes or schedules other people and their tasks.

Quality - Demonstrates accuracy and thoroughness; looks for ways to improve and promote quality; applies feedback to improve performance; monitors own work to ensure quality.

Quantity - Meets productivity standards; completes work in timely manner; strives to increase productivity; works quickly.

Safety and Security - Observes safety and security procedures; determines appropriate action beyond guidelines; reports potentially unsafe conditions; uses equipment and materials properly.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

Bachelor's degree from four-year college or university; and one to two years related experience and/or training; or equivalent combination of education and experience.

Language Skills

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Mathematical Skills

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

Reasoning Ability

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Computer Skills

To perform this job successfully, an individual should have knowledge of Windows 10, Windows Server, Active Directory, Exchange, Fiserv Software Preferred Internet software; Microsoft Word, Word Processing software and Microsoft Excel Spreadsheet software.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to talk or hear. The employee is frequently required to use hands to type and/or handle money. The employee is occasionally required to stand; sit and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

To Apply

We offer competitive compensation, medical, dental and vision benefits, 401(k) and career growth opportunity.

To apply, submit your resume to:

Human Resources
Bogota Savings Bank
819 Teaneck Road
Teaneck, New Jersey 07666

HR@BogotaSavingsBank.com