Senior Compliance Manager and Privacy Officer

IDB Bank; New York (NY); Hybrid; USD 160,000 - 180,000; Full time

Benefits offered by this job

Annual bonus

Medical insurance

Dental and vision plans

Retirement plan

Paid time off

Parental leave

Tuition reimbursement

Job summary

IDB Bank in New York, NY seeks a Senior Compliance Manager and Privacy Officer to guide privacy and non-lending regulatory compliance. You will manage internal and regulatory examinations, oversee privacy and identity theft programs, and lead regulatory change initiatives while supervising staff and reporting to the Chief Compliance Officer.

The role requires strong communication skills, regulatory interaction experience, and the ability to work with senior management across business lines.

Qualifications

• 5+ years’ experience in compliance or legal roles within banking or regulatory agencies.
• Strong ability to interact with regulators, management, and business lines.
• Demonstrated communication, collaboration, and discretion in decision making.

Responsibilities

• Provide guidance to CCO, management and lines on privacy and non-lending regulations.
• Manage internal and regulatory examinations and regulator interactions.
• Oversee Privacy and Identity Theft programs and regulatory change management.
• Lead complaint and ongoing monitoring programs and staff supervision.
• Provide periodic compliance updates to senior management and board committees.
• Represent the Compliance Department in relevant meetings and training materials.

Skills

Regulatory interaction

Privacy compliance

Non-lending consumer regs

Leadership

Risk assessment

Education

Bachelor's degree or equivalent

Law degree desired

Tools

MS Office

Job description

Division: Risk & Compliance Division

Senior Compliance Manager and Privacy Officer

• Provide advice and guidance to the Chief Compliance Officer, senior management, and business lines regarding compliance with non-AML/BSA laws and regulations with a focus on privacy and non-lending consumer regulations (i.e. Regs E, D, DD, CC, ADA, UDAAP, Elder Abuse, E-Sign)
• Effective management and remediation of all internal and regulatory examinations and reviews, including interacting with the Bank’s regulators regarding any pending matters or request items.
• Manage the Bank’s Privacy and Identity Theft Programs
• Manage the Bank’s Regulatory Change Management, Complaint and Ongoing Monitoring Programs
• Manage staff
• Report directly to the Banks Chief Compliance Officer

Department: Compliance

Division: Risk & Compliance Division

Title: Senior Compliance Manager and Privacy Officer

Job Summary

• Provide advice and guidance to the Chief Compliance Officer, senior management, and business lines regarding compliance with non-AML/BSA laws and regulations with a focus on privacy and non-lending consumer regulations (i.e. Regs E, D, DD, CC, ADA, UDAAP, Elder Abuse, E-Sign)
• Effective management and remediation of all internal and regulatory examinations and reviews, including interacting with the Bank’s regulators regarding any pending matters or request items.
• Manage the Bank’s Privacy and Identity Theft Programs
• Manage the Bank’s Regulatory Change Management, Complaint and Ongoing Monitoring Programs
• Manage staff
• Report directly to the Banks Chief Compliance Officer

Job Description

• Responsible for overseeing the aspects of the General Compliance Program relating to privacy, non-lending consumer regulations, regulatory changes and ongoing monitoring
• Assist with General Compliance, UDAAP and Fair Lending Risk Assessments
• Oversee the Regulatory Change Management Program in assessing and implementing new or changing laws and regulatory requirements
• Provide subject matter expertise on training materials and audience identification pertaining to privacy and non-lending consumer regulations
• Review and approve new Time Deposit Terms and Conditions and related marketing materials and disclosures
• Work with business units to identify and interpret any issues arising from the introduction of new or existing products and/or services with a focus on UDAAP, privacy and deposit regulations
• Manage and report on the Bank’s Complaint Program including any noticeable trends
• Provide periodic compliance updates to Senior Management and Committees of the Board, as necessary
• Represent the Compliance Department in relevant meetings
• Maintain a current knowledge of consumer compliance regulations and compliance best practices and recommend changes, as necessary
• Ad hoc projects as required

Qualifications

• 5 plus years’ experience of increasing responsibility working for either a regulatory agency examining banks or in a bank within the Compliance or Legal Departments providing advice and/or guidance on banking regulations and laws.
• College degree or equivalent experience required.
• A law degree is desired but not required, as is prior employment by a banking regulator.
• Ability to work with and independently from Chief Compliance Officer.
• Demonstrated ability to actively and effectively interact with the Bank’s regulators, business lines, and other areas of the Bank
• Strong communication, and collaboration skills, including the ability to work effectively with others at all levels across the organization.
• Ability to quickly assimilate sizable amounts of information relating to complex issues, maintain professionalism, diplomacy, and the ability to use discretion when making decisions, be creative and innovative in problem solving, and exercise good judgment.
• Ability to make decisions and meet deadlines under a fast-moving environment.
• Effectively provide solutions and direction, multi-task, excellent time and resource management skills, work independently, problem solve, and deliver results.
• Excellent written and oral communication skills.
• Experience in MS Office.

Compensation

The expected annual salary for this position is between $160,000 and $180,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

The Bank Will Make Reasonable Accommodations To The Following Employees To Allow Them To Perform The Essential Functions Of Their Position, Except Where Doing So Would Result In Undue Hardship To The Bank

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

We are operating on a Hybrid schedule.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

Kindly review our Privacy Notice and GLBA Consumer Privacy Notice.

Kindly review our Privacy Notice and GLBA Consumer Privacy Notice.

Kindly review our Privacy Notice and GLBA Consumer Privacy Notice.