Sr. Compliance Specialist

Job Description

Job Description

Opportunity Overview

We have a Unique opportunity for an early to mid-career Compliance professional to join our team as a Sr. Compliance Specialist. We’re looking for someone who is excited about being part of an organization that is integral to the community, believes in continuous learning, holds themselves and their co-workers to impeccable standards and thrives in an environment where you’ll be rolling up your sleeves and working alongside your teammates every day. On our team you’ll get to work with employees across every Bank function, actively research compliance / regulatory trends and patterns, conduct reviews and be supported while you hone your unique skills.

Position Overview

This position is responsible for performing federal, state statutory and regulatory compliance duties under the direct supervision of the Compliance Officer, to ensure documents, projects, processes, or product initiatives comply with regulatory and legal requirements and Bank policy. This role will perform risk assessments, compliance reviews, synthesize analyses, identify root cause(s), and provide recommendations to management that influence business solutions.

Primary Accountabilities

• Responsible for assisting in completion of the annual compliance risk assessment alongside of the Compliance Officer.
• Prepares or assists in preparing quarterly Compliance Committee package materials and takes Compliance Committee minutes.
• Maintain accurate and up-to-date inventory of applicable state laws and federal regulations.
• Assist in creations, review and revision of compliance related policies and procedures.
• Perform complex compliance reviews adhering to an established schedule. Participate in all phases of the review process including planning, testing, evaluating risk, identifying mitigating controls, developing conclusions, writing reports, and maintaining work papers for compliance monitoring.
• Ensure that existing and proposed bank business practices, policies, procedures, marketing materials, customer correspondence, documents and disclosures comply with federal and state regulations.
• Monitor / track all open compliance findings until satisfactorily resolved. Conduct formal follow-up to determine the adequacy and effectiveness of actions taken. Prepare reports of findings and results for the Compliance Officer. Validates open compliance review items for conclusion and closure.
• Assist in developing and maintaining compliance monitoring programs and periodic testing procedures, including workpapers and report formats.
• Assists in establishment of regulatory compliance procedures and recommend changes and / or enhancements to policies and procedures. Helps to ensure new and existing policies and procedures accurately reflect regulatory requirements, business practices, and third-party oversight principles.
• Partner with business units to ensure their questions and issues are answered and addressed timely.
• Monitor changes in laws, regulations, and policies as well as regulatory best practices related to the bank’s compliance programs. Maintain current knowledge of legislative developments, state and Federal laws and regulations as well as regulatory guidance and industry best practices related to consumer compliance. Prepare monthly regulatory updates for management.
• Support management in the development of the department's strategic plan and all data and reporting needs.
• Responsible for oversight of the Bank’s Policy management program and attestation process.
• Partners with key stakeholders in the business to identify, assess, aggregate and document risks and controls, including risks associated with new or modified products, services, distribution channels, regulations, and third-party operations.
• Assists Compliance Officer in review and monitoring complaints, including trend analysis.
• Assists in review of marketing materials for adherence to compliance requirements.
• Responsible for assisting in enhancement and evaluation of key Quantivate application module (as assigned).
• Responsible in identification of gaps in controls, proposal of solutions and implementation of corrective actions with the business units alongside of Compliance Officer.
• Provides support for regulatory examinations and audits.
• Other duties as assigned, including back-up functions for the Compliance Officer.

Knowledge, Skills, Education and Work Experience

About UniBank

We are UniBank, a team of civic-minded financial professionals and all-around great people working together to enrich people, businesses and municipalities across New England. We don't abide by the doctrine of big, national banks. What we believe is different. What we believe is unique. We believe in our community. And we believe in the people who live here. We believe in committing time and financial support to local nonprofits. We believe in finding innovative solutions for affordable housing, community development and independent business. And yet, we are bankers. We are a mutual bank, owned by its customers, dedicated to local service. We are technology leaders. Since launching our first online payment platform in 2003, we've never stopped delivering the most effective technology to our customers. We are a unique blend of consumer, civic and business banking with more than 150 years of history. We are an exception to the rule. We are unique. Unique to people. Unique to business. Unique to local government.

We are UniBank. Bank Different. Bank Unique.

This position is not subject to SAFE Act Registration Requirements. Pursuant to the SAFE Act requirements, all applicants for employment who will be engaged in residential loan mortgage originations (as defined by the SAFE Act) must register with the federal registry system and maintain a status in good standing under the SAFE Act requirements.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, status as a veteran or as an individual with a disability.

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