General Compliance Officer, FVP

  • $125-150K
  • New York, NY, USA
  • Permanent, Full time
  • BSM Associates
  • 29 Sep 16

BSM are representing a client who is seeking a General Compliance Officer, FVP.

Job Description:

  • Responsible for reviewing and updating non-AML/BSA/OFAC policies for the Bank, such as policies relating to mortgages, privacy and Fair Lending
  • Acting on behalf of the Compliance Department in relevant meetings
  • Assume active involvement in problem solving over critical issues that have a compliance and/or regulatory impact upon the institution
  • Ensure that compliance risks are assessed and reported through business specific and, as needed, other unit policies and procedures. Work with business units to identify and interpret any issues arising from the introduction of new or existing products and/or services
  • Provide periodic compliance updates to Senior Management
  • Maintain a current knowledge of market place Compliance and Compliance best practices and recommend changes to existing Bank policy, as necessary
  • Assist the business units in assessing new or changed laws and regulatory requirements to determine the impact on policies, procedures, and reporting systems, and provide training on such changes
  • Assist in the governance of the Bank’s CRA and HMDA programs, including the analysis, determination, and reporting of all Bank CRA and HMDA activities
  • Provide regulatory guidance to the Internal Audit Department as needed for audit planning purposes
  • Perform annual Compliance Risk Assessment, and assist in compliance monitoring.


  • 7-10 years’ experience of increasing responsibility working for either a regulatory agency examining banks or in a bank within the Compliance, Legal or Audit Departments providing advice and/or guidance on banking regulations and laws
  • A law degree is desired but not required, as is prior employment with a banking regulator
  • Ability to work within a collaborative team environment as well as independently manage priorities and competing deadlines
  • Demonstrated ability to actively and effectively interact with the senior-most business managers, within the lines of business and other support functions of the Bank
  • Effective written and oral communication skills
  • Experience in MS Office