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Webster Bank · 1 day ago

Senior Associate, Credit Compliance

Jericho, NY

Full-time

Onsite

Senior Level

$25/hr - $32/hr

5+ years exp

Webster Bank is a leading commercial bank focused on serving clients and supporting communities. The Senior Associate, Credit Compliance will research and implement banking regulations, assist in compliance procedures, and oversee contract documentation while working closely with legal counsel and auditors.

Banking

Hiring Manager

Robin Sukdeo, CPC

Responsibilities

Maintain Portfolio due diligence

Updating credit files as required throughout the year; (FS/Insurance/Field Exam/Guarantor)

Perform updated due diligence searches when required (OFAC, Lit & Lien, UCC, Secretary of State, Internet, etc.)

Updating legal file with any amendments/notices/contracts

Credit approval process by assembling credit review packages (COM’s/Memos), gathering signatures as required by policy and ensuring final approval is entered into system of record

New Business compliance reviewing initial information received from prospect and providing a list of requirements need to move forward in the application process

Onboard new clients into the Webster Staffing Solutions portfolio

Filing Webster Bank UCC-1 and confirm that it is the 1st (only) security interest

Ensure company is compliant with all state & federal reporting requirements (“Good Standing” certification; d/b/a cert’s)

Prepare initial Credit File according to policy (FS/Field Exams/Applications/Due Diligence, etc.)

Prepare initial Legal file according to policy (original signature contract, guaranty, etc.)

Submit to Counsel for Legal review/approval as required by policy

Prepare and circulate internal communication(s) announcing the new client

Monitor post-closing requirements

Other:

Initial contact for internal and external Audits

Prepare and maintain internal reports for management as required (New Business, Exam schedule, Renewals, Expirations, open compliance, credit or legal items)

Ensure compliance with all regulations, policies, and procedures

Qualification

Bank complianceUCC filingsMicrosoft OfficeProject managementCommunication skillsAttention to detailOrganizational skills

Required

Minimum of 5 years' experience in any of the following roles: Paralegal, Bank compliance administrator, Office administrator, Loan closing administrator

High School diploma or GED is required

Experience with UCC filings

Project management skills and/or the ability to handle multiple priorities effectively

Strong self-confidence and good judgment

Ability to interface effectively with other departments and operate in a fast-paced environment

Ability to recognize and focus on critical issues

Flexibility to balance and respond to competing needs within the organization

Strong knowledge of Microsoft Office (Word, Excel and PowerPoint)

Ability to work efficiently in computer environment

Outstanding initiative, communication skills (verbal and written), attention to detail and organizational skills required