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Cogent Bank · 1 day ago

Regulatory Compliance Manager

Orlando,FL,US

Full-time

Onsite

Senior Level

5+ years exp

Cogent Bank is seeking a Regulatory Compliance Manager to oversee the company’s adherence to regulatory requirements and industry standards. This role involves leading a compliance team, managing regulatory risks, and ensuring bank-wide compliance with regulations through collaboration with various departments.

Banking

Responsibilities

Ability to lead and manage a compliance team, ensuring that compliance initiatives are executed efficiently and effectively

Providing guidance and support to junior compliance staff, fostering a culture of continuous learning and development

Skilled in resolving disputes or challenges within the compliance function or between departments

Monitor, interpret, and communicate changes in legal, regulatory, and enforcement matters affecting the Bank’s regulatory compliance

Stay current with evolving laws and regulations and ensure all relevant departments and management are informed to maintain compliance with applicable requirements

Review and update risk assessments to identify potential regulatory risks and propose effective mitigation strategies

Ensure policies and procedures are updated to reflect the current regulatory guidance and the Bank’s practices

Provide regulatory support and guidance to associates; interface with senior management and business line leaders to resolve compliance challenges

Support the timely and effective resolution of issues and implementation of recommendations identified through first, second and third lines of defense and external regulatory examinations, monitoring and testing

Review and approve marketing materials, advertisements, and promotional content to ensure they comply with relevant banking regulations (e.g., Regulation Z for Truth in Lending, Regulation DD for Truth in Savings, and UDAAP for unfair or deceptive advertising, etc.)

Work closely with senior management, operations, business lines, audit, risk, and other departments to ensure bank-wide compliance with regulations

Advise business units on regulatory matters related to new products, services, and business processes

Assist in the design, review, and execution of launching or updating products and services

Update NMLS Registry as necessary with current registration of MLOs

Provide material and create slides for board reporting on a monthly basis

Perform monthly/quarterly review and reporting of monitoring activities related to deposit compliance, loan compliance, and residential, including HMDA (as applicable)

Assist in preparation and ensure timely filing of HMDA LAR and CRA LAR (as applicable) annually

Monitor and assist in addressing customer complaints, as applicable, and review for impacts of related regulatory compliance, including fair lending, ensuring that issues are resolved in accordance with applicable regulations

Lead periodic monitoring reviews/audits to ensure adherence to regulatory compliance requirements, identifying gaps and providing recommendations for improvements

Monitor key compliance metrics, prepare reports, and obtain corrective action plans with management and validate implementation

Analyze findings and perform root cause analysis, distinguishing between various levels of compliance risk

Identify and assist in resolving compliance and control issues

Prepare, assist and participate in regulatory examinations and audits, as necessary

Develop and deliver training programs (online and ancillary) for associates, enhancing awareness of key regulatory requirements

Ensure ongoing training on compliance topics to foster a culture of compliance within the organization

Facilitate training for new and existing employees including preparing and presenting training materials

Complete all required training as assigned and participate in external training events

Qualification

Regulatory Compliance ManagementDeposit Compliance RegulationsLoan Compliance RegulationsMicrosoft Office SuiteReal Estate Loan UnderwritingCertified Regulatory Compliance ManagerCertified Anti-Money Laundering SpecialistAnalytical SkillsInvestigative SkillsLeadership SkillsOrganizational SkillsCommunication Skills

Required

High School diploma or GED is required

Minimum 5 years in a related field

Strong understanding of Deposit Compliance Regulations, including Regulations: D, E, CC, DD, Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Truth in Savings Act (TISA), Electronic Fund Transfer Act (EFTA), Customer Identification Program (CIP), and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)

In-depth knowledge of Loan Compliance Regulations, such as ECOA, FCRA, HMDA, RESPA, REG Z, CRA, Fair Lending, Flood, UDAAP, SCRA, etc

Proficient in real estate loan underwriting, including investor guidelines and appraisal review, with a thorough understanding of real estate loan documents and disclosures

Skilled in Microsoft Office Suite software

Strong analytical, investigative, and mathematical skills, with keen attention to detail and a commitment to data accuracy

Exceptional attention to detail, strong organizational skills, and the ability to communicate effectively with others in a professional setting

Proactive and resourceful, capable of working independently, thinking critically, and managing multiple assignments simultaneously while consistently meeting deadlines

Preferred

Advanced degrees (Bachelor's, and/or Master's) preferred

Experience with systems such as: Encompass, Laser Pro, CRA Wiz, RiskExec, or similar platforms is preferred

Desired understanding in the administration of a real estate quality control program and managing a QC vendor relationship

Comprehensive understanding of the selling and servicing guidelines of government-sponsored enterprises (Fannie Mae and Freddie Mac), as well as the Federal Housing Administration Handbook and Mortgagee Letters

Professional certifications such as Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), or similar are highly desired