AVP, Senior Compliance Manager in Lakewood, New Jersey at First Commerce Bank

Starting Salary $90,000 (Negotiable contingent on experience)

Basic Qualifications

Education/Training: Bachelor's degree in a related field or a minimum of seven (7) years of equivalent experience in banking and regulatory compliance required. Certified Regulatory Compliance Manager (CRCM) designation preferred.

Skill(s): Strong background in the design of compliance programs; in-depth knowledge of financial services and regulatory industry practices; regulatory, industry, and operational knowledge with respect to compliance monitoring and testing; working knowledge of applicable banking regulations; knowledge of compliance monitoring principles including planning, regulatory controls, operating effectiveness testing, and reporting; proficient in MS Office (Word/PowerPoint/Excel); excellent written and verbal communication skills; strong organizational, problem-solving, and analytical skills; ability to work effectively with others at all levels across the organization and provide authoritative guidance to management and staff.

Experience: Minimum of seven (7) years of bank regulatory compliance experience or equivalent.

General Responsibilities

Responsible for supporting management in daily compliance operations to ensure adherence to applicable laws, regulations, and internal policies. Core functions include managing the compliance monitoring program, developing and maintaining policies and procedures, coordinating compliance training, reporting to the Board and senior management, and serving as liaison with regulators and outside consultants.

Essential Duties

The following reflects management's definition of essential functions for this job but does not restrict the tasks that may be assigned. Management may assign or reassign duties and responsibilities to this job at any time due to reasonable accommodation or other reasons.

• Serve as Subject Matter Expert (SME) for applicable lending and deposit regulations, including ECOA, TRID, TILA/RESPA, HMDA, RESPA, Regulation CC, Regulation DD, Expedited Funds Availability Act, Truth in Savings, FDIC Act, and Regulation E.
• Assist the Chief Compliance Officer in the oversight of the annual compliance monitoring program: develop the monitoring schedule based on the Compliance Risk Assessment, coordinate reviews with third-party consultants and internal managers, maintain all review reports and workpapers for examiner access, and follow up with management on corrective actions.
• Serve as the bank-wide point of contact for cross-departmental compliance monitoring reviews, including but not limited to military lending, SCRA, UDAAP, and Privacy.
• Conduct risk-based compliance reviews; verify business unit practices against board-approved policies, procedures, and applicable laws; oversee remediation of identified gaps and track issues to closure.
• Conduct periodic reviews of new and modified deposit and lending product disclosures.
• Monitor regulatory changes via FDIC press releases, whitepapers, and CFPB Bulletins; communicate updates to the Department and determine required actions.
• Create, review, and annually update compliance policies and procedures; ensure updated policies are accessible to all employees and maintained in the Learning Management System (LMS).
• Develop the annual Compliance Training program; manage the LMS to ensure all employees are assigned and complete required training in accordance with the Bank's Compliance Program policy.
• Support business areas with guidance on policies, procedures, and emerging regulatory issues; research internal and external sources to resolve ad hoc compliance matters.
• Prepare materials and reports for the quarterly Internal Management Compliance Committee and Board Compliance Committee; present periodic compliance status updates to the Board.
• Attend Operations and New Products Committee meetings to evaluate new products and changes for regulatory compliance.
• Review marketing advertisements for compliance with applicable laws, rules, and regulations.
• Manage the Bank's Customer Complaint Policy and Program; assist management in reviewing and addressing complaints and report quarterly to the Board Compliance Committee.
• Confirm HMDA LAR is filed by March 1 each year in coordination with the Lending Department.
• Act as liaison with regulatory examiners, outside consultants, and legal/government authorities; coordinate examination activities and respond to official inquiries.
• Prepare and submit regulatory workpapers and management reports detailing review results, findings, observations, and recommendations.
• Maintain current knowledge of federal, state, and local laws, regulations, industry best practices, and emerging compliance trends.
• Utilize and become proficient in the Department's Compliance Management Program.

Ancillary Duties

• Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.
• Performs additional tasks as assigned by the Chief Compliance Officer or Senior Management.

Job Location

All levels

1700 Avenue of the States, Suite 301, Lakewood, NJ

Various outside locations

Equipment/Machines

1. PC/Computer keyboard
2. Printer
3. Calculator
4. Telephone
5. Copy machine
6. Scanner
7. Automobile

First Commerce is dedicated to providing people, businesses, and communities in our markets with high quality products and services with superior customer service. We provide products and services through secure, user-friendly technology and customer friendly locations. Our relationships are founded in our desire to be responsive to the financial needs of our customers in an atmosphere of personal attention, professionalism, trust, integrity and fairness. First Commerce prides itself on maintaining personal communications beginning with the Board of Directors.
First Commerce Bank is an Equal Opportunity Employer. All qualified applicants receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression, genetic information or any other characteristic protected by applicable law.