Alma Bank, headquartered in Long Island City, New York and having 13 branches located throughout Queens, NYC, New Jersey, 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. Come join our winning team!
Summary:
Alma seeks a Compliance Analyst to join Alma Compliance. Alma’s Compliance Program is responsible for the design and delivery of enterprise-wide independent compliance risk management. Alma Compliance develops appropriate internal strategies, policies, procedures and processes to prevent violations of law, rule, regulation, or policy, and helps build a strong culture that meets the needs of our customers, clients and communities.
Based out of the Alma Corporate Office in Long Island City, New York, the successful candidate will report to the Compliance Officer. This individual will be responsible for assisting in the execution of all facets of the Bank’s Compliance Program, with particular emphasis on the Bank’s Community Reinvestment Act (CRA) and Fair Lending Compliance Program. As part of these responsibilities, the Compliance Analyst will help develop and implement programs to ensure that Alma meets the credit needs of the communities Alma serves, and engage with business units to maintain compliance with all applicable federal and state laws, rules, regulations and guidance.
Daily Responsibilities Include the Following:
- Assist with designing, developing, delivering and maintaining best-in-class Compliance Program, policies, procedures and practices, including the implementation and administration of all aspects of Alma’s Compliance programs.
- Identify and assess key and emerging compliance risks by keeping abreast of all federal and state laws, regulations, rules and/or guidance, and internal policy changes.
- Monitor and test the Bank's compliance with applicable laws to ensure that compliance risks are effectively identified, measured, monitored, controlled, and tracked to completion and that compliance risks are appropriately escalated to senior management.
- Provide support to all business lines, driving compliance with applicable laws, rules, regulations, and Bank policies.
- Assist in the collection and analysis of data to help ensure that the Bank’s CRA and Fair Lending objectives and performance goals are met. This includes maintaining relevant CRA, Fair Lending, and HMDA reports, files, data, documentation, and the Bank’s CRA Public File.
- Conduct compliance reviews of loan applications to identify Fair Lending issues/potential weaknesses, and proactively recommend appropriate changes to existing programs and processes, as needed.
- Participate in the handling of complaints.
- Manage software systems related to CRA and Fair Lending, and act as systems administrator. Ensure that data is loaded into the system and scheduled software updates are performed.
- Assist in the preparation of reports and materials for presentation to the Bank’s Board of Directors, CRA and Fair Lending Committee, and senior management.
- Facilitate the development of compliance training and other tools to assist and support Bank employees in the execution of their compliance responsibilities.
- Review advertising materials.
- Draft and/or update relevant policies and procedures.
- Provide support with other initiatives and additional duties as assigned.
Qualifications:
- The successful candidate will have 2-5 years of relevant experience in the financial services industry or as a regulator, with related experience in a compliance, audit or other control function. This individual will have an understanding of compliance laws, rules, regulations, risks and typologies.
- Testing or audit experience with Regulations E, P, O, W, CC, DD, GG as well as E-sign, SAFE, SCRA/MLA
- Knowledge of the Community Reinvestment Act (CRA) and Fair Lending laws, rules and regulations are essential to this role. Proficiency in CRA and Fair Lending software applications (ex., Trupoint, CRA Wiz and Fair Lending Wiz) is a plus.
- The successful candidate will have strong writing and analytical skills, sound judgment, discretion, and an understanding of business processes.
- Ability to both work independently and collaborate with team members, possess strong project management and organizational skills and be capable of handling multiple projects at one time.
- Excellent interpersonal communication and presentation skills (written and oral) are essential.
Education and/or experience:
Bachelor’s degree and experience in banking compliance, or other control function in a financial services firm, regulatory organization, 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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