Job Summary:
 
The position is responsible for developing, implementing and administering all aspects of the Bank’s Compliance Program, including compliance with the Bank Secrecy Act (BSA), anti-money laundering (AML) laws, Office of Foreign Assets Control (OFAC) programs, and other federal and state regulatory compliance requirements. In addition to BSA/AML and OFAC requirements, the company’s compliance program establishes compliance in areas including, but not limited to, Community Reinvestment Act, fair lending, mortgage lending and servicing, affiliate transactions, and other laws and regulations relevant to this diverse banking institution.
 
Job Specific Responsibilities and Duties: 
 
• Develop, implement and administer all aspects of the Bank’s Compliance Program.
• Write, review and update as necessary BSA, AML, OFAC, and KYC related policies and procedures.
• Maintain proficient knowledge of the rules and regulations on Bank Secrecy Act, USA Patriot Act and OFAC, as well as other legal and regulatory compliance requirements applicable to the Bank’s diverse business units.
• Formulate and lead relevant bank-wide committees related to compliance matters.
• Make recommendations to the Chief Legal Officer and Senior Management when and where appropriate.
• Oversee organizational projects necessary to ensure compliance with relevant laws and regulations by the Federal Deposit Insurance Corporation, Federal Reserve, and New York State Department of Financial Services.
• Review for compliance materials prepared by business units for dissemination, including materials related to mortgage lending and servicing.
• Oversee review of activity associated with SAR filings
• Work with Internal Audit on business compliance.
• Supervise other Compliance personnel, and work with Compliance Liaisons in business units across the company.
• Ensure appropriate training for all Compliance personnel and bank-wide personnel.
• Disseminate information on new and revised laws and regulations as appropriate
• Assure organizational compliance with applicable laws and regulations
• Coordinate BSA/AML audits and exams, responses to auditors and regulatory examiners and ensure deficiencies are corrected.
• Work with business units to ensure their understanding and compliance with regulatory and legal compliance requirements, including policies and procedures related to risk assessments and customer risk ratings, and the identification, review and reporting of potentially suspicious activity.
• Ensure compliance with all applicable reporting and record keeping requirements and timely distribution of materials and publications.
• Review materials prepared by business units for accuracy and completeness as they relate to compliance matters, for approval by Senior Management.
• Report to the Governance and Compliance Committee of the Board of Directors when and where appropriate.
 
Basic Responsibilities:
 
• Respond to incoming calls, e-mails, mail and in-person requests on a timely basis.
• Comply with company policies, practices and procedures.
• Attend meetings and prepare follow-up as needed.
• Set goals, prioritize and execute duties of the position.
• Manage documents, files and electronic information in an organized, efficient and secure manner, consistently with all company and regulatory requirements.
• Represent company as a professional in appearance and manner.
• Communicate written and oral communication at the highest level of professionalism and integrity.
 
Qualifications: 
 
• JD required, and 10 years experience in legal/compliance matters in the banking industry, or equivalent training and experience. Private practice experience preferred though not required. Prior service in a regulatory agency a plus, though not required.   
Job Specific Requirements: 
 
• Execute tasks with accuracy and attention to detail.
• Perform responsibilities with honesty and integrity.
• Maintain a professional level of stress tolerance.
• Possess ability to adapt to changing environment.
• Work with colleagues in a collaborative manner.
• Supervise staff and oversee compliance activities of bank-wide program.