Compliance Officer

4 weeks ago


Worcester, Massachusetts, United States Bay State Savings Bank Full time

{"h1": "Compliance Officer at Bay State Savings Bank", "p": "At Bay State Savings Bank, we are seeking a highly skilled Compliance Officer to join our team. As a Compliance Officer, you will play a critical role in ensuring our bank's compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards.", "ul": [{"li": "Assist with the Community Reinvestment Act requirements."}, {"li": "Tracks regulatory changes, assess how the changes might affect the Bank, and provides recommendations to Chief Risk Officer about necessary policy and procedural changes."}, {"li": "Manages compliance monitoring programs based on internal/external risk assessments, audit findings and exam findings."}, {"li": "Works with management to create and implement new monitoring programs throughout the organization as part of the CMS."}, {"li": "Identifies regulatory compliance weaknesses throughout the organization and work with management to identify root causes, remediation steps, and tracking of the issues."}, {"li": "Composes memos summarizing expectations noted, root causes, and present to management."}, {"li": "Contributes to the compliance training program. This may include identifying training courses, webinars, etc; however, it may also include creating compliance and risk related training and providing the training through various methods."}, {"li": "Alongside the Chief Risk Officer, completes enterprise-wide compliance related risk assessments."}, {"li": "Enhances Enterprise Risk Management framework by authoring and managing policies, procedures, risk assessments, etc."}, {"li": "Acts as an internal point of contact for compliance related questions and problems."}, {"li": "Attends and participates in the Enterprise Risk Management Committee meetings."}, {"li": "Assists with the outsourced internal audit function, including the coordination of internal audits with audit firm and internal business unit."}, {"li": "Performs new/modified products and services risk assessments."}, {"li": "Assists with the BSA/AML/CIP/OFAC program when needed."}], "h2": "Qualifications, Education and Experience", "ul": [{"li": "A high degree of interpersonal skills necessary to effectively communicate with colleagues and stakeholders."}, {"li": "Able to use considerable discretion, resourcefulness, and persuasiveness to achieve the desired objectives and results."}, {"li": "Strong knowledge of other bank services, policies, and procedures."}, {"li": "Demonstrates current knowledge regarding compliance with various financial institution regulations and other job essentials."}, {"li": "High School diploma or equivalent required."}, {"li": "Minimum of 3-5 years of experience working in banking compliance."}, {"li": "Bachelor's degree preferred, but not required."}, {"li": "Strong interpersonal skills, problem solving ability and accuracy."}, {"li": "Strong written and verbal communication skills."}, {"li": "Strong computer skills, knowledge of Microsoft Word and Excel."}, {"li": "Demonstrated ability to meet/exceed goals."}, {"li": "Ability to work in a fast-paced diversified environment."}]}


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