Compliance Officer/CRA

Job Description

Job Description

About Blue Foundry Bank
This is the Bank Where Things are Made. Blue Foundry is a bank where businesses are shaped, plans are formed, ideas are refined, solutions are built, and stuff gets done. Blue Foundry is revolutionary, bold, resourceful, roll-up-your-sleeves committed, smart, creative, and fun. A Bank of movers, shakers, and makers…We are a Bank that Gets Things Done.

At Blue Foundry Bank we invest in the well-being of our most prized asset…our employees! We provide a robust array of programs and benefits to help employees advance their careers and enhance the quality of their lives. Our experiential learning and development program ensures employees are on track to grow their career as of day one.

Summary

Primarily responsible for overseeing the Compliance Management System(s) (CMS) and overall corporate compliance within the bank and ensuring with laws, regulatory requirements, policies and procedure.

The rate of pay is the minimum amount offered for this position. Blue Foundry Bank will compensate employees in a fair and equitable manner, taking into consideration education, skills, current and relevant experience, among other factors.
This position is eligible for incentive pay based on achievement of company and/or individual goals.

In addition, our comprehensive compensation package includes; medical, dental, and vision coverage; life insurance, short- and long-term disability insurance; 401(k)/Roth with company match up to 5%; paid time off, and 11 paid holidays; employee referral bonus; and educational reimbursement.

Specific Job Functions

· Defining the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization. The Compliance aspects will include CMS, Model Risk Management, Third-Party/ Vendor Management and CRA related matters.

· Developing the annual compliance work plan that reflects the organization’s unique characteristics. This will include oversight and monitoring of the Compliance (CMS), Model Risk Management, Third Party Management, Independent Loan Review and BSA/AML Risk Assessments as well as respective review schedules, research and investigative requirements and reporting.

· Responsible for the Bank’s Consumer Complaint Management Program, monitor consumer complaints and resolutions to ensure there are no potential regulatory or UDAAP violations, as well as confirm compliance processes are followed.

· Periodically revising changes and improvement to the Compliance Management System.

· Develop, maintain, and implement written policies, procedures, and internal controls that meets regulatory guidelines for all Compliance related matters.

· Responsible for providing company-wide strategic and tactical leadership in establishing the comprehensive compliance management system(s), assessment, communication, measurement, and management of compliance enterprise risk, including regulatory compliance.

· Will work in close cooperation with all the various departmental management teams to help guide and assure compliance business operations, achievement of strategic goals, and maintenance of a balanced risk/reward framework.

· Providing guidance, advice, and/or training and educational programs, to improve business’ understanding of related laws and regulatory requirements.

· Providing strategic direction to the management team on compliance.

· Preparing and presenting clear and concise compliance reports to the Board.

· Interacting with regulators on compliance issues.

· Coordinating efforts related to audits, reviews, and examinations.

· Developing policies and programs that encourage managers and employees to report suspected activities and other improprieties, without fear of retaliation.

· Coordinating internal compliance review and monitoring activities, including periodic reviews of departments.

· Independently investigating and acting on matters related to compliance.

· Monitoring external review processes.

Minimum Job Requirements:

· College Degree in related field, 10 years of Compliance experience.

· Compliance and/or BSA/AML designation, is preferred.

· Deep knowledge of financial industry, compliance, BSA/AML, Risk Management and CRA & Fair Lending banking laws, Independent Loan Review, regulations and regulatory expectations as well as compliance management disciplines and techniques.

· 5-10 years of regulatory compliance experience, and demonstrable acumen of compliance laws, rules, and regulations.

· Experience reporting to and working with boards.

· Experience with Governance, Risk and Compliance.

· Demonstrated ability to build business partnerships and collaborative working relationships with management and a broad array of community stakeholders.

· Strong communication and business writing abilities with the capability to effectively present information to varied audiences within the Bank and within the Community.

· Strong leadership and team-building skills, including demonstrated abilities in promoting continuous improvement.

· Ability to interact with outside agencies to achieve stated objectives, including educating and persuading internal and external constituencies with training, business, opportunities and public relations or technical presentations.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, LGBTQ, national origin, disability or protected veteran status.

Come join the Blue Crew community and be part of our success!