Compliance adjunct I

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Compliance adjunct I

Title: Compliance adjunct I

Department: Compliance

FLSA Status: Non-Exempt

Reports to: First Vice President & Director of Compliance

Date: &nb sp; August 2023



income Range:
Orange County: $42,000 - $53,000
Westchester County: $46,000 - $58,000

General Summary :
this job offer is responsible for assisting the Compliance Department in developing, administering and monitoring the Bank’s Compliance Management System and Third Party Risk Management Program to ensures the Bank’s compliance with all applicable federal and state banking laws and regulations.

Essential tasks and Job Responsibilities:

Compliance Management System (CMS)

»Assist with monitoring the Bank’s compliance with the applicable Federal and New York State regulations.

»Assist with researching and answering compliance related questions received from all departments of the Bank.

»Assist with Administering the Bank’s a regulatory change management program. Assist department managers with regulatory compliance updates and changes that affect their department’s policies and procedures.

»Work with the Human Resources Department to track completion of compliance training and ensure that the training is completed timely.

»Assist with preparing the Compliance Committee agenda and materials.

»Assist with maintaining the bank’s complaint management program and identify potential patterns of possible UDAAP violations.

Third Party Risk Management Program

»Work with Bank staff to onboard new vendors. Ensure vendor owners comply with the Bank’s Vendor Management Policy and Procedures including but not limited to ensuring vendor owners complete a risk assessment, obtain the required due diligence, and contracts are reviewed by legal counsel.

CRA and Fair Lending Compliance

»Assist the CRA agent with data integrity of CRA data for regulatory filing, including, but not limited to scrubbing sample loan files and/or setting up tools for validity and edit checks.

»Assist the CRA and Fair Lending agent with completion of the Fair Lending Risk Assessment.

»Assist the CRA agent with completion of the Bank’s annual CRA Self-Assessment.

Miscellaneous

»Monitor completion of ToDos on the Compliance Management platform, build custom ToDos and stay current on new capabilities and upgrades to the platform.

»Assist with Section 16 Compliance including filing Form 3, 4, and 5 with the Securities and Exchange Commission (“SEC”) as appropriate.

OTHER RESPONSIBILITIES
Confidentiality
All information handled is highly confidential.
Mental Application
this job offer relies on established laws and regulations to make judgments. Must be able to read and interpret those laws and regulations.
Responsibilities
Civil monetary penalties could be broad and goodwill is a risk.
Contacts/Internal and Public
Direct contact with bank personnel, as well as state and federal examiners.

EDUCATION, CERTIFICATION, practice:
suitable education
Required: Two-year banking, business, or law related degree (or equivalent job related compliance practice).
Preferred:
practice:
Required: 1 - 3 years banking practice
Preferred:

KNOWLEDGE, expertise, ABILITIES:
knowledge of consumer protection and public interest laws and regulations. Good writing and communication expertise.

WORK ENVIRONMENT:

»Working Conditions: Conditions are generally good with little discomfort caused by noise, heat, and dust.

»Equipment Operations : Must be able to use Microsoft Office

PHYSICAL DEMANDS :

»Frequently required to sit for prolonged periods of time.

»Normal range of vision, speech and hearing abilities required.

»Mobility required greeting and assisting employees and visitors.

»Frequently required to skillfully operate a computer, telephone and other standard office equipment.

»Occasionally travel outside of work location to attend meetings and training programs.

»Occasionally lift and/or move up to 20 pounds.

Special Note:
External and internal candidates, as well as position incumbents, must be able to execute the essential job functions as set forth above. Orange Bank and Trust Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, discapability, marital status, military or veteran status or any other legally-recognized protected basis under federal, state or local laws, regulations or ordinances.
Upon request, individuals with disabilities may be entitled to a reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank. Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to execute the essential functions of the job.
This job description in no way states or implies that these are the only tasks to be performed by an employee. Additional functions and requirements may be assigned by managers as deemed appropriate, located on the employee’s knowledge, skill and capability as well as his/her mental and physical abilities.