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Reading Cooperative Bank · 13 hours ago

AVP, Assistant Compliance Officer

Reading, MA

Full-time

Onsite

Mid, Senior Level

$73K/yr - $116K/yr

5+ years exp

Reading Cooperative Bank is seeking an Assistant Compliance Officer to support their Compliance Management Program. The role involves coordinating internal audits, monitoring compliance issues, and ensuring adherence to regulations while collaborating with business units on compliance standards.

Banking

Responsibilities

Assists in the design, execution, and maintenance of the bank’s Compliance Management System (CMS)

Conduct compliance risk assessments and support the development of mitigation strategies

Review marketing materials, disclosures, and product offerings for regulatory compliance

Lead the tracking of internal audits and regulatory examinations, from initial planning through final reporting and follow-up

Monitor audit findings and ensure timely resolution in collaboration with department heads

Maintain documentation and reporting systems to track audit progress and outcomes

Support regulatory changes and assess their impact on Bank operations

Research federal and state laws and regulations to provide timely and accurate guidance

Support updates to policies and procedures in response to regulatory developments

Works closely with department management to interpret and implement regulatory changes

Serve as a liaison between business units and the Compliance Department to ensure consistent application of compliance standards

Help administer the Bank’s regulatory compliance training program, including annual updates and progress monitoring

Co-chair the Compliance Committee and participate in other Bank committees as needed

Identify training needs and recommend improvements to enhance compliance awareness

Serve as backup to the Vice President, Compliance Officer when necessary

Provide administrative and clerical support to the Compliance Department

Assumes additional responsibilities as requested

Qualification

Banking compliance experienceRegulatory compliance knowledgeRisk management experienceInternal audit experienceMicrosoft Office proficiencyVerbal communication skillsWritten communication skillsProblem-solving abilitiesProject management skills