Posted October 29, 2009



Job Position Consumer Compliance Specialist
   
Reports to: SVP, Corporate Risk Officer
Department: Regulatory Risk Management
Supervises: 0
Education: Bachelor's Degree or equivalent job-related experience
Experience: Minimum of four (4) years related regulatory compliance experience in a federally regulated financial institution required. Internal audit experience a plus. CRA/HMDA/Fair Lending regulation knowledge requred.

Qualifications:  
Special Skills: Knowledge of banking, the internal structure of a bank, elements of bank operations and services.  Understanding of consumer protection and public interest laws and regulations; bank supervisory compliance examination procedures a plus.
Position Summary: The incumbent will monitor and test all areas of the Bank to determine the degree of compliance with consumer protection laws and regulations; document the results of reviews, including apparent violations of laws, regulations, and exceptions to policy; assist in the development and maintenance of compliance policies, procedures, and compliance review programs; provide technical compliance assistance to bank personnel, including research of compliance issue and problems.
Essential Duties
for the Position:

- Maintaining an annual self assessment of the Bank’s overall performance and effectiveness in meeting the credit needs of the Bank’s assessment area.

- Performing compliance reviews according to an established schedule with limited guidance from Corporate Risk Officer.  Maintaining orderly and detailed work-papers.  Assisting in drafting reports of compliance findings to senior management.

-Monitoring and auditing system and departmental generated reports in a quarterly basis for compliance with CRA, HMDA and other related regulations.

- Assisting in the oversight of corrective action taken by management to address compliance deficiencies, including conducting follow-up reviews to determine the adequacy and effectiveness of action taken.

- Maintaining current awareness of legislative developments and a working knowledge of state and federal laws and regulations as they relate to consumer compliance.  Ability to research, analyze and communicate the impact of consumer laws and regulations on bank operations, including policies, procedures, new and existing products, forms, advertising and promotional materials.

- Developing content and providing training sessions on regulatory compliance issues.

- Assisting in the writing and editing of compliance material (e.g. policies, procedures, programs, committee agendas, meeting materials, committee minutes, etc.).  Assisting the Risk Management staff with other duties and projects, as required

Requirements:

1)  Bachelor's Degree or a minimum of four (4) years regulated regulatory compliance experience in a federally regulated financial institution. Internal audit experience a plus

2)  CRA/HMDA/Fair Lending regulations knowledge

3)  Excellent grasp of the laws and regulations governing consumer compliance

4)  Excellent organizational, verbal and written communication and composition skills.  Solid  interpersonal skills necessary to interact with bank employees, and management

5)  Self-motivated and able to work independently with limited direct supervision

6)  Ability to multi-task and to shift priorities as needed to perform tasks within changing deadlines

7)  Knowledge of Microsoft Office products (Word, Excel, Outlook, Power Point, Adobe Reader)

 


Federal Trust Bank promotes an equal employment opportunity workplace which includes reasonable accommodation of otherwise qualified disabled applicants and employees so long as this does not create an undue hardship on the company. Please see your manager should you have any questions about this policy or these job duties. This job description may not be all-inclusive and employees are expected to perform all other duties as assigned and/or directed by management. Job descriptions and duties may be modified when deemed appropriate by management.  Federal Trust is an EEO/AA Employer M/F/V/D.

All employees are responsible for regulatory compliance as it relates to their position. Department managers are to be primarily responsible for maintaining proficient knowledge and day-to-day compliance with any laws or regulations relative to their departments. In addition, it is the responsibility of the department managers to notify the Compliance Officer if at any time they become aware of a situation which may place the Bank at risk of being out of compliance.

All employees have a responsibility to understand the Bank Secrecy Act as it relates to their job and to identify and report qualifying transactions to the Bank Secrecy Act Officer.