What are the responsibilities and job description for the Compliance Monitoring & Testing Specialist position at Social Capital Resources?
Top-Tier Bank in Midtown, Manhattan is seeing a Compliance Monitoring & Testing Specialist for a full-time position!
Responsibilities:
- Conduct ongoing monitoring and testing to ensure the effective execution and sustainability of bank's adherence to all regulatory requirements (excluding Financial Crimes Compliance) and escalate any issues of non-compliance
- Work on regulatory requirements specifically Federal Reserve Bank New York (FRBNY) and New York State Department of Financial Services (NYDF) regulations.
- Conduct scoping analysis to identify which business units are within scope of testing relative to the regulatory requirement.
- Ensure written monitoring and testing results are thoroughly documented, clearly understood, and escalated appropriately
- Monitor and test regulatory and internal requirement related controls in business level procedures or policies and identify control deficiencies
- Develop reports of regulatory and internal requirement control deficiencies including documentation of findings and tracking remediation objectives
- Participate in planning, execution, and reporting of compliance assurance reviews and compliance and regulatory issue validation
- Stay up to date on federal and state compliance updates
Qualifications:
- Bachelor's Degree
- 3 years in a compliance testing and monitoring position, with a focus on non financial crimes compliance.
- 5 years working experience in the field of compliance monitoring and testing.
- Knowledge of Federal Reserve Bank New York (FRBNY) and New York State
- Department of Financial Services (NYDF) regulations
Salary : $100,000 - $130,000
