Consumer Regulations Compliance Specialist Sr

Company: New York Community Bancorp, Inc.
Location: Hicksville
Posted on: June 22, 2022

Job Description:

JOB SUMMARY
A Senior Regulatory Change Management Compliance Specialist is responsible for assisting in the performance of impact analyses of low-to-high risk new/changed applicable laws. Assist with the overall management of the Company's compliance program by promoting a proactive regulatory change management process and partnering with BPOs to maintain a strong culture of enterprise-wide compliance with all applicable state and federal laws, rules and regulations. Responsible for following the compliance management program and the regulatory change management procedures as it relates to new/changed laws and regulations, including governance, policies and procedures, monitoring, reporting, communications and education.

ESSENTIAL FUNCTIONS

• 
  
• Identify risks and emerging issues pertinent to the Company's banking operations in all states by keeping abreast of all federal and state laws, regulations, rules and/or guidance ("applicable law") that affect the Company's business.
  
• Identify and interpret new/changed applicable law relevant to the Company's business.
  
• Perform impact analyses of moderate-to-high-risk new/changed applicable laws, summarizing the new/changed applicable law, determining how it will affect the Company and communicating such new/changed applicable law to the affected business lines in a usable and understandable manner.
  
• Support the Compliance Manager in implementing moderate-to-high risk new/changed applicable law, by designing and putting appropriate controls in place and/or performing detailed transaction testing (including products and services offered through third party providers) to ensure that controls put in place by the business process owners ("BPOs") are appropriate and fully compliant.
  
• Follow established processes to ensure that compliance risks are evaluated and tested in new or changed products and services (including those offered through third party providers), processes, policies and procedures, systems, and controls.
  
• Research and interpret applicable law pertinent to inquiries received from various BPOs as directed by the Compliance Manager.
  
• Assist in the development of appropriate compliance training and other tools to assist and support employees in fulfilling their compliance responsibilities.
  
• Conducts quarterly reviews of consumer complaints.
  
• Performs special projects, and additional duties and responsibilities as required.
  
• Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.
  Job Requirements:EDUCATION AND EXPERIENCE
  
  • 
    
  • Associate's degree required. Bachelor's degree preferred.
    
  • Five to ten years relevant experience in financial services industry or as a regulator.
    
    
    KNOWLEDGE, SKILLS AND ABILITIES
    
    • 
      
    • Comprehensive knowledge of federal and state bank compliance regulations, bank products and services, as well as issues related to bank operations, products and services and the impact of bank compliance regulations on such.
      
    • Ability to understand and interpret pertinent laws, regulations and guidance relative to the bank's operations.
      
    • Ability to prioritize assignments and handle multiple projects simultaneously.
      
    • Ability to work both independently and in a team oriented environment.
      
    • Ability to identify potential concerns and drive the resolution of such issues.
      
    • Excellent communication (verbal and written), organizational and follow-up skills.
      
    • Excellent relationship building skills and be able to communicate highly technical compliance related information.
      
    • Ability to negotiate and collaborate with others, initiate action, adapt to change, and accept challenging assignments.
      
      
      
      
      
      NEW YORK COMMUNITY BANK.
      Based in Hicksville, NY, New York Community Bank is a New York State-chartered savings bank serving customers throughout Metro New York, New Jersey, Ohio, Arizona and Florida. New York Community Bank serves customers through over 200 branches featuring a divisional structure: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.
      To learn more about the NYCB Family of Banks visit us at .
      Help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.
      
      NYCB is an equal opportunity employer that prohibits discrimination on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information and any other classification protected by applicable federal, state, or local law or ordinance.
      
      This policy against discrimination applies to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. NYCB will consider reasonable accommodations for employees and applicants with disabilities, as well as accommodations that are necessary for an employee to practice their religious faith.

Keywords: New York Community Bancorp, Inc., Hicksville , Consumer Regulations Compliance Specialist Sr, Other , Hicksville, New York