Compliance & Risk Specialist
CityFirst Bank
United Kingdom
Published 1 week ago
Compliance Management Systems / Technology
WHO WE ARE
City First Bank N.A. is a mission-driven Community Development Financial Institution (CDFI) principally focused on a transformative impact in underserved, urban markets with the highest needs to drive equitable economic development. Our lending activities are purely commercial and focused on the following segments: Multifamily Affordable Housing, Not-for-Profit Finance, and Small Business Finance. As a depository and commercial lending provider with over $1.4 billion in bank assets as of December 31, 2023, our unified organization has over 100 employees in Washington DC and Los Angeles/Inglewood, CA.
ROLE SUMMARY
The position of Compliance & Risk Specialist is responsible for performing and liaising various compliance and risk monitoring activities for City First Bank N.A that will require independent decision making and problem solving. The Compliance and Risk Specialist is a subject matter expert in regulatory compliance including deposit and lending regulations, fraud prevention and detection, and third-party risk management. Provides administrative and management oversight to assist the Director of Compliance in performing bank regulatory compliance activities and engage in compliance monitoring, testing, and reporting to assure compliance with laws and regulations throughout the Bank.
Requirements
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
Required Education/Experience:
Required Knowledge & Skills:
$29 - $33/hr
City First Bank N.A. is a mission-driven Community Development Financial Institution (CDFI) principally focused on a transformative impact in underserved, urban markets with the highest needs to drive equitable economic development. Our lending activities are purely commercial and focused on the following segments: Multifamily Affordable Housing, Not-for-Profit Finance, and Small Business Finance. As a depository and commercial lending provider with over $1.4 billion in bank assets as of December 31, 2023, our unified organization has over 100 employees in Washington DC and Los Angeles/Inglewood, CA.
ROLE SUMMARY
The position of Compliance & Risk Specialist is responsible for performing and liaising various compliance and risk monitoring activities for City First Bank N.A that will require independent decision making and problem solving. The Compliance and Risk Specialist is a subject matter expert in regulatory compliance including deposit and lending regulations, fraud prevention and detection, and third-party risk management. Provides administrative and management oversight to assist the Director of Compliance in performing bank regulatory compliance activities and engage in compliance monitoring, testing, and reporting to assure compliance with laws and regulations throughout the Bank.
Requirements
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
- Assists the Director of Compliance in maintaining the Compliance Management System to regulatory standards and expectations including but not limited to training, policy tracking, compliance testing and monitoring, and complaint management.
- Assists in Fraud program management including prevention, detection, and monitoring. This may involve independent decision making and investigative actions to reach a conclusion.
- Implementation of and/or program management of Third-Party Risk Management (TPRM), including document gathering, risk rating, and diligence reviews.
- Manages project completion and coordinates regulatory requirements implementation with business line/operations.
- Monitoring, testing, and validation of CRA and/or HMDA data for commercial lending (community development, small business) eligibility requirements.
- Researches and analyzes federal and state banking laws and regulations, reviews the Financial Institution's policies and procedures, and ensures Financial Institution compliance with laws and regulations.
- Liaison and management of compliance, internal audit, and regulatory reviews.
- Maintain database of compliance, audit, and self ID issues and perform follow-up with 1st line business units to gather and upload documentation as well as respond to/remediate findings.
- Assist with reporting and filing deadlines with regulators and agencies.
- Communicate verbally, and in writing, in a clear and concise manner.
- Clearly documents audit work efficiently and succinctly to support conclusions.
- Other duties as assigned and/or ad hoc projects per direction from the Director of Compliance and/or the Chief Risk Officer.
Required Education/Experience:
- Bachelor's Degree accounting, business management, finance, or related field
- 3+ years of experience in regulatory compliance, internal audit, and/or risk with a professional firm or regulated financial institution
- ACAMS or CRCM
Required Knowledge & Skills:
- Requires strong practical knowledge of banking regulations including but not limited to ECOA, HMDA, RESPA, Truth in Lending, Truth in Savings, Electronic Fund Transfers, Community Reinvestment Act (CRA), Fair Lending, Fair Credit Reporting Act, Flood Insurance, Regulation O, UDAAP and Privacy.
- Strong knowledge in fraud program management
- Strong knowledge of third-party risk management
- Skills to perform detailed research, to assess large amounts of data and to derive key aspects.
- Knowledge of commercial and retail banking policies and procedures.
- Thorough knowledge of depository and lending banking regulations.
- Working knowledge of MS Office.
- Prior knowledge of bank operating systems, commercial and residential loan origination systems, and regulatory filing software applications (e.g., HMDA, CRA).
- Ability to perform basic mathematical computations.
- Works independently with little supervision needed.
- Enhanced capability to analyze and compute information quickly.
- Strong problem solving and critical thinking capabilities.
- Professional acumen and understanding to handle confidential/sensitive data.
- Experience in Anti-Money Laundering (AML), Fraud, and/or Sanctions
$29 - $33/hr