Compliance Manager

POSITION SUMMARY: Supports the CRO in maintaining Webster Five's compliance programs. Coordinates compliance audits and examinations in collaboration with the CRO. Performs internal monitoring reviews scheduled within areas of responsibility. Maintains knowledge of the compliance environment and ensures the Bank is in compliance with all state and federal regulations. Member of the Bank's Compliance Committee and Community Reinvestment Act Committee.

PRINCIPAL RESPONSIBILITIES:

• Oversees the Bank's compliance self-monitoring programs.
• Supports the Retail and Business Lending staff on a day-to-day basis by conducting research, providing training, and responding to inquiries.
• Performs compliance related reviews of originated and non-originated loans including HMDA reviews.
• Files the Bank's HMDA LAR on an annual basis.
• Files the Bank's CRA data on annual basis.
• Supports the CRO in coordinating FDIC and State examination requests.
• Manages and coordinates compliance audits performed by the third-party vendor.
• Tracks and monitors the implementation status of compliance audit and exam findings to ensure they are fully implemented and incorporated into policies and procedures within required timeframes.
• Lead bank-wide compliance projects.
• Provides on-going support to the CRO on ad-hoc special projects, risk assessments, policy updates, and other tasks.
• Monitors changes in laws, regulations and examination trends through external regulatory services and distributes related information in a timely manner to applicable business lines, as necessary.
• Participates as a member of the Bank's Compliance Committee and Community Reinvestment Act Committee.

NOTE: This position description reflects management's assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned.

REQUIRED SKILLS: Comprehensive knowledge of state and federal regulatory requirements in financial services and bank compliance programs. Strong communication, analytical and computer skills, including MS Office applications. Experience in managing multiple projects and workflow in a deadline driven environment.

PREFERRED SOFTWARE EXPERIENCE: Experience with Encompass, Sageworks, and NContracts HMDA and CRA modules is preferred.

WORK ENVIRONMENT AND PHYSICAL DEMANDS: Work is often performed in an office environment. Ability to stay in a stationary position, operate a computer, exchange information, move inside and outside the workplace for business purposes.

MINIMUM EDUCATION: Bachelor's Degree in Business Administration or related discipline CRCM, CRMA or related professional certification preferred.

MINIMUM PRIOR EXPERIENCE: 7 years of compliance experience preferably in financial services.

Webster Five is an equal opportunity employer. We are committed to fostering and championing a culture of inclusion, equity, and diversity. Accommodations are available for applicants with disabilities.