Position Summary:

Responsible for ensuring that the Bank complies with all laws and regulations and oversees the functioning of the Bank’s Compliance Program.

Duties & Responsibilities:

• Coordinates all compliance monitoring reviews with 3rd party Compliance Consultants and internal managers;
• Acts as the point person on certain monitoring reviews that are bank-wide and not specific to a particular department (i.e. fair lending, UDAAP, and Privacy);
• Follows-up with management on addressing and correcting any issues identified in monitoring reviews;
• Maintains all monitoring review reports and supporting work papers to be handed over to examiners;
• Review all newsletters, whitepapers and CFPB Bulletins for changes to regulations to determine what if any action needs to be taken and advise the business units on those changes;
• Attends the Bank’s Operations and Product meetings giving special attention to new product offerings or changes in product structure and communications to customers;
• Reviews and approves all advertisements for compliance with relevant laws;
• Manages and maintains the Bank’s Customer Complaint Policy and Program and prepares the quarterly report summary to be presented to the Audit Committee;
• Ensures HMDA LAR is filed by March 1 of each year;
• Prepare and present periodic reports to the Board, or a Committee thereof, on the status of compliance related activities, initiatives or action items resulting from audits or examination findings;
• Support the Bank’s business areas by providing guidance and assistance in policies and procedures, training, and assessing emerging regulatory issues and potential liability exposure;
• Act as liaison with regulatory examining authorities on compliance-related matters and coordinate examination activities.
• Manages and Maintains First Bank’s Vendor Management Program ensuring Onboarding & Ongoing Monitoring Due Diligences are adequate based on the risk the relationship presents to First Bank;
• Manages and administrates the Compliance Training Program for employees and directors;
• Administrates the Identity Theft Prevention Program.

Qualifications

• Bachelor degree in Finance, Accounting, Business, Management or related degree
• Prefer Certified Regulatory Compliance Manager designation
• 8-10 years Compliance, Risk, Audit experience with proven ability to proactively collaborate with colleagues and management
• Strong communication, collaboration, and technical compliance skills. Should be able to work effectively with others at all levels across the organization and provide authoritative guidance to management and staff within the organization.
• Strategic vision and organization/marketplace awareness.
• Strong working knowledge of the compliance risks associated with a banking institution as well as experience working in and/or building effective compliance programs.
• Experience reading and interpreting regulations, laws, and statutes. Strong research skills preferred.
• Problem solving skills as well as flexibility and adaptability are of key importance

First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ+ can apply to our company for employment opportunities.

Job Type: Full-time

Pay: $85,000.00 - $100,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday
• Weekend availability

Experience:

• Compliance: 8 years (Preferred)
• Risk management: 8 years (Preferred)

License/Certification:

• Certified Regulatory Compliance Manager (Preferred)

Work Location: Hybrid remote in Township of Hamilton, NJ 08690

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