Job Description

Top-Tier Bank in Midtown, Manhattan is seeing a Compliance Monitoring & Testing Specialist for a full-time position!

Responsibilities:

• Conduct ongoing monitoring and testing to ensure the effective execution and sustainability of bank's adherence to all regulatory requirements (excluding Financial Crimes Compliance) and escalate any issues of non-compliance
• Work on regulatory requirements specifically Federal Reserve Bank New York (FRBNY) and New York State Department of Financial Services (NYDF) regulations.
• Conduct scoping analysis to identify which business units are within scope of testing relative to the regulatory requirement.
• Ensure written monitoring and testing results are thoroughly documented, clearly understood, and escalated appropriately
• Monitor and test regulatory and internal requirement related controls in business level procedures or policies and identify control deficiencies
• Develop reports of regulatory and internal requirement control deficiencies including documentation of findings and tracking remediation objectives
• Participate in planning, execution, and reporting of compliance assurance reviews and compliance and regulatory issue validation
• Stay up to date on federal and state compliance updates

Qualifications:

• Bachelor's Degree
• 3+ years in a compliance testing and monitoring position, with a focus on non financial crimes compliance.
• 5 years working experience in the field of compliance monitoring and testing.
• Knowledge of Federal Reserve Bank New York (FRBNY) and New York State
• Department of Financial Services (NYDF) regulations

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