Job Description

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Compliance agent I

Title:                      Compliance agent I

Department:      Compliance

FLSA Status:       Non-Exempt

Reports to:         Vice President & Senior Compliance agent

Date:           &nb sp;         October 2022

General Summary : 
this job offer is responsible for assisting the Compliance Department in developing, administering and monitoring the Bank’s Compliance Management System to ensures the Bank’s compliance with all applicable laws, regulations and rules governing operations and product offerings.

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.

»Research and answer compliance related questions received from all department 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. Conduct compliance training as needed.

»Draft compliance policies and communicate those policies to the appropriate staff and management.

»Lead the quarterly Compliance Committee meetings. Prepare agenda and materials for the Committee meetings.

»Report quarterly to the Audit Committee.

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

»Ensure all new and modified products / services are in compliance with regulatory requirements.

»Review and approve of all marketing advertisements and client correspondence.

»Ensure the maintenance and accuracy of the Bank’s Deposit Account Disclosures.

»Assist with preparing the Compliance Risk Assessment.

»Serve and the Bank’s Privacy agent

Third Party Risk Management Program

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

» supervise the third party vendor due diligence program for all vendors.

»Review all SOC Reports and ensure vendor owners document the review of the Complimentary User Control Considerations.

»Prepare the Bank’s Compliance Risk Assessment and presentation to the Audit and Risk Committee.

»Monitor contract renewals and termination notification.

Audit

»Coordinate internal audit documentation requests.

»Assist with tracking internal audit, compliance, and regulatory findings to ensure resolution and validation by the internal auditor.

»Respond to requests by the Internal Auditors and Examiners.

Miscellaneous

»Ensure the effectiveness of the Continuity platform. Monitor completion of employee attestations, build custom ToDos and stay current on new capabilities and upgrades to the platform.

»Ensure annual Board approval of all Bank policies.

»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:   5 - 8 years banking practice
Preferred:  1 - 3 years Compliance and / or Internal Audit practice



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.

Job Tags

Contract work, Work at office, Local area

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