Job Description

** 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 including fiduciary banking regulations.
• 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
• Co-manage the Banks Regulatory Change Management Program
• Responsible for the daily oversight and monitoring of all fiduciary activities for the Wealth Management (WM) Department of the Bank

REGULATORY CHANGE MANAGEMENT:

• Co-manage the Compliance Regulatory Change Management (“RCM”) Program
• Daily monitoring, review and assessment of regulatory notifications received through the IDBNY RCM Inbox and Thomson Reuters
• Identify, research and record new and changing regulations impacting the Bank
• Work with OGC and designated SMEs to determine applicability and risks associated with regulatory changes to the Bank
• Coordinate and socialize with affected stakeholders
• Provide guidance to the applicable lines of business (“LOB”) on the necessary controls and policy and procedural updates required to implement said changes
• Monitor and follow through on all action plan(s) and subsequent validation procedure(s) in response to the applicability of the regulatory change(s)
• Maintain effective records and documentation of actions taken
• Provide periodic reporting as necessary
• Prepare monthly Regulatory Change Reports for IDB TA
• Maintain a current knowledge of consumer compliance regulations and compliance best practices and recommend changes, as necessary

WEALTH MANAGEMENT:

• Manage oversight of the WM Employee Personal Securities Trading Policy; reporting all conflicts to the Chief Compliance Officer (“CCO”) and Senior Management; updating and amending the Policy as necessary; presentation of the Policy before the Bank's Wealth Management Committee of the Board of Directors for annual approval
• Responsible for any revisions and updates to the WM Compliance Procedure Manual and obtaining annual CCO approval
• Ensure all WM front office policies and procedures are up to date and adequately address the current business structure and regulatory requirements
• Act as the primary point of contact during FDIC, NYSDFS and Audit Examinations as related to the WM Department. Oversee all aspects of exams from the delivery of first day request items to the timely resolution of recommendations and findings
• Participate in several investment committees including the Global Wealth Management Committee of the Board of Directors, the Investment Policy Committee, the Accounts Review Committee, and the Wealth Management Oversight Committee; present, review and prepare materials as required
• Prepare monthly reports including ongoing exceptions monitoring, new, closed and unfunded accounts
• Responsible for all system updates and changes to investment policy guidelines
• Review and approve the opening of all new WM accounts in accordance with the Banks KYC Procedures and FDIC guidelines.
• As the WM Subject Matter Expert (“SME”) create and provide updates to the Banks on-line training program on all applicable fiduciary training courses
• Review and approve all WM related advertising and marketing materials
• Provide periodic compliance updates to the Chief Compliance Officer

Qualifications

** Qualifications**

• Minimum 5 years’ experience of increased responsibility working for either a regulatory agency examining banks or in a bank within the Compliance or Legal Department providing advice and/or guidance on non-BSA Laws and regulations including fiduciary banking regulations.
• Strong FDIC trust, fiduciary, compliance, and regulatory knowledge essential.
• Series 7 and Series 63 certification or professional trust certification is desirable but not required.
• Cannon Financial Institute Certifications a plus but not required.
• Certified Anti-Money Laundering Specialist is desirable but not required.
• Ability to work with and independently from Chief Compliance Officer.
• Strong leadership presence and ability to command others.
• Ability to take ownership of issues and work under pressure to meet deadlines.
• Excellent organizational skills with strong attention to detail.
• Ability to actively and effectively interact with Bank 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.
• Excellent written and oral communication skills.
• Experienced MS Office user
• Fluency in Spanish or Hebrew is desirable but not required.

Compensation

The expected annual salary for this position is between $130,000 and $150,000 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

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.