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Blue Foundry Bank · 10 hours ago

Senior Compliance Analyst

Troy Hills, NJ

Full-time

Onsite

Mid, Senior Level

3+ years exp

Blue Foundry Bank is a revolutionary institution focused on empowering businesses and enhancing employee well-being. The Senior Compliance Analyst will oversee the Compliance Department, ensuring adherence to regulatory requirements and managing compliance audits and risk assessments.

BankingBusiness Information SystemsFinancial ServicesSoftware

Hiring Manager

Sarah Mamdouh Fahmy, SHRM-CP

Responsibilities

Monitor and interpret regulatory changes and updates to ensure the company remains compliant with all relevant laws and regulations

Develop, implement, and maintain compliance policies and procedures

Conduct regular compliance audits and risk assessments

Provide training and support to staff on compliance-related matters

Prepare and submit regulatory reports and filings as required

Assist with monitoring regulatory requirements across various bank locations, including CRA, Fair Lending, Regulations AA, Z, C, E, DD, X, CC, FCRA/FACT Act, UDAP, etc

Demonstrate experience with CRA and Fair Lending products

Serve as a resource for regulatory matters and compliance-related initiatives. Respond to questions from business units regarding interpretations of regulatory requirements and applicable guidance. Provide compliance analysis and support for new products and services implemented by the bank

Assists the Director of Compliance and BSA/AML (Chief Compliance Officer) with document collection for audits and regulatory examinations as necessary

Perform other tasks which may be assigned by management

Supervises the Compliance Coordinator

Coordinate all third-party and internally performed loan reviews of the Bank’s commercial loan portfolio, ensuring adherence to the Bank’s ILR Policy penetration guidelines

Oversee the FDICIA ILR risk management controls audits, which require a risk analysis of internal controls through the FDICIA matrix for the ILR department. Provide annual certification for each noted internal control

Report on the ILR findings to the Bank’s Credit Risk Sub-Committee monthly and the Enterprise Risk Committee quarterly

Track and report risk rating migrations to the Bank’s Credit Risk Sub-Committee monthly and the Enterprise Risk Committee quarterly

Manage the annual review of the Bank’s Risk Identification Policy, presenting all edits to the Chief Risk Officer for approval, and then reporting to the Credit Sub-Committee and ERM. This includes cross-checking the policy risk rating metrics with the matrices in Abrigo

Qualification

Compliance Management SystemFederalState regulationsRisk assessmentsFinancial services experienceCompliance auditsMicrosoft Office proficiencySupervisory experienceInterpersonal skillsWritten communicationVerbal communicationDecision-making

Required

Bachelor's degree in finance, business or another directly related field

Professional and excellent interpersonal relationship skills

Strong written and verbal communication skills

Demonstrate commitment and accountability

Possess sound decision-making ability and understanding of risk

Proficient with computer skills including Microsoft Word, Excel, PowerPoint, and Outlook

Working knowledge of federal and state bank compliance rules and regulations

Preferred

Relevant three to five years of experience within the financial services industry, specifically relating to consumer compliance and/or prior exposure to compliance management system (CMS) program requirements

Prior supervisory experience