Risk & Compliance Specialist I (Onsite) Position Available In Greater Bridgeport Planning Region, Connecticut

Risk & Compliance Specialist I (Onsite) 3.5 3.5 out of 5 stars 39 Main Street, Newtown, CT 06470

Location:

Newtown, CT Are you ready to take your banking risk and compliance experience to the next level? Newtown Savings Bank is seeking a banking professional for the role of Risk & Compliance Specialist I. Our Risk & Compliance Specialist I supports the execution of the Bank’s Risk and Compliance Programs to ensure conformity with applicable federal and state banking laws and regulations, as well as Bank policies. This includes collaborating with internal stakeholders and third-party vendors to ensure risks are identified, monitored and mitigated. This is an onsite opportunity at our Corporate office in Newtown, CT. The role has a remote option of one day per week.

PRIMARY RESPONSIBILITIES

Understand and stay abreast of applicable regulatory requirements to ensure Program components are adequately designed to identify potential gaps and non-compliance with laws and regulations. Escalate risk and compliance-related matters, including potential issues and exception items noted to the Compliance Officer and/or Risk & Compliance Specialist II. Build and manage relationships with stakeholders across the business by serving as a resource for risk and compliance-related matters, including assisting with real-time solutions for questions, scenarios and issues. Review business line procedures to ensure they address applicable regulatory/Bank policy requirements and standards, and provide sufficient guidance for employees to effectively and accurately perform related job functions. Support the risk and compliance training program to ensure employee awareness and understanding of regulatory responsibilities and timely completion of courses assigned. This includes identification of training needs/opportunities, assisting in the development of training and monitoring/reporting course completion status. Coordinate and perform risk-based monitoring and testing reviews based upon regulatory requirements and risk assessment outcomes, including identification of potential control weaknesses and instances of non-compliance with laws and regulations, and offering recommendations to strengthen the control environment. Generate clear and concise reporting for stakeholders reflecting monitoring and testing results. Ensure that stakeholders respond with appropriate action to address recommendations and deficiencies noted during the review process. Validate through regular testing that stated corrective actions related to monitoring are adequately and effectively implemented based on responses to recommendations. Serve as liaison with third-party compliance monitoring vendor, including scheduling reviews; compiling document requests from the business lines; reserving conference rooms, etc. Support change management processes to ensure timely and adequate response to changes in applicable federal and state banking laws and regulations, market conditions and products and services offered. This includes monitoring for applicable legal and regulatory changes; assisting in the evaluation of the change to assess impact; thoroughly reviewing changes to new and existing forms, loan documents, disclosures and advertising material and providing feedback to stakeholders on necessary/recommended revisions.

POSITION REQUIREMENTS 1-2

years of banking-related risk and/or compliance experience , demonstrating an appropriate level of functional knowledge and skill required to effectively perform the job, as well as language, reasoning and analytical skills at a level normally acquired through completion of a bachelor’s degree in business administration or related field In-depth working knowledge of various federal and state banking laws and regulations Knowledge and understanding of financial institution operations, as well as policies and procedures Strong organizational, administrative, and self-management skills Strong attention to detail Strong verbal and business writing communication skills Strong interpersonal skills to establish and maintain cooperative working relationships Ability to work independently, including proactively executing responsibilities and assigned tasks with limited oversight, identifying potentially more effective methods of work operation and demonstrating motivation for continuous improvement Strong ability to manage multiple tasks, projects, etc. at the same time and meet established deadlines Ability to be flexible and adaptive in a rapid paced environment Comfortable working with people at varying levels of skill and authority, including the ability to challenge current processes, identify enhancement opportunities and offer potential solutions Demonstrate commitment to service, organizational values and professionalism through appropriate conduct and demeanor

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Full time employees also receive a complete benefit package including a generous 401(k), medical benefits, paid time off, and short and long term disability programs. Newtown Savings Bank is an equal opportunity and affirmative action employer regardless of race, gender, disability status, protected veteran status. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, age, marital status, national origin/ancestry, sexual orientation, gender identity, disability status, protected veteran status, or any other legally protected status.