What are the responsibilities and job description for the Compliance Manager position at LEADER BANK?
Hybrid - Greater Boston, Arlington, MA
Leader Bank is looking for exceptionally dedicated team members to join one of the region’s fastest growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become one of the most successful banks in Massachusetts with $4 billion in assets, more than 400 team members, 7 branch offices, and annual mortgage originations of over $5 billion.
Exemplary products and an innovative spirit have driven Leader Bank’s rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships with them by constantly enhancing our products and processes to always be improving our client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work-life balance, and an environment that fosters diversity and inclusion.
Summary
The Compliance Manager interacts with employees, management, service agencies, attorneys, bank/subsidiary staff, and bank regulators to provide quality service, solve problems and achieve goals. This position performs regulatory research, as requested, and provides interpretation and clarification of regulatory changes. Works in collaboration with management to formulate and maintain compliance-related policies and procedures.
Responsibilities
- Maintain proficient knowledge of relevant loan servicing and lending laws/regulations
- Facilitate implementation of new and amended loan servicing and lending regulations
- Carry out ongoing evaluation of applicable rules and regulations, internal policies, and procedures, and make appropriate changes or improvements
- Work with the Bank’s loan servicing, residential, and commercial loan departments to ensure compliance with all applicable lending laws and regulations
- Liaise with legal and regulatory bodies on compliance-related issues
- Ensure that the departments comply with existing and developing federal and state laws and regulations
- Provide input into the continuous improvement of the Bank’s compliance trainings
- Prepare reports and materials as needed
Qualifications
- Bachelor’s degree in Law, Finance, or Business Administration, or a related field
- 10 years of compliance experience within banking, lending, loan servicing
- Knowledge of federal, state, and local regulations
- Ability to prioritize, maintain flexibility in a fast-paced environment, and meet or exceed deadlines
- Excellent writing and communication skills
Leader Bank offers an excellent compensation and benefits package including 401k plan with corporate match, medical and dental insurance, and the opportunity to work for a fast growing, local organization.
Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status, or any other protected class.
Salary : $7 - $0
