Compliance Specialist I

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience. 

POSITION OVERVIEW:

Compliance Specialist I conducts compliance reviews of files, bank records, and operating procedures to determine adherence to banking regulations and makes recommendations relating to process changes, training, and/or corrective action to business line management to fulfill regulatory requirements. This is the entry level position in the job family.  Incumbent is being groomed for professional maturity, judgment and experience.  A certain degree of creativity, diplomacy and latitude is required.

KEY RESPONSIBILITIES:

• Conducts assigned compliance monitoring review tasks and recommends updates to department procedures based upon review findings and observations noted and effectively communicates issues and action items.
• Obtains, documents, analyzes and appraises evidentiary data as a basis for an informed objective opinion based on regulatory guidance.
• Assists in the maintenance of the Compliance Issue Tracking log, making entries and updates as directed.
• Conducts follow up with business units on items as directed, including implementation and status of monitoring review recommendations and/or findings and escalates unresolved issues appropriately.
• Participates in administration functions of the Compliance Department.  
• Conducts and/or provides assistance on special projects as required. 
• Completes other related duties as assigned.

MINIMUM QUALIFICATIONS:

• Bachelor’s degree and/or experience equivalent.
• 0-2 years related experience
• Knowledge of consumer protection laws and regulations related to retail banking.
• General knowledge of fair lending and UDAAP.
• Knowledge of bank operations, prudent banking practices, and banking regulations and their practical applications.
• Must have excellent analytical, problem-solving and time management and organizational skills to handle multiple projects and priorities simultaneously; must be a proactive self-starter.
• Must possess strong oral and written communications skill, and comfortable working in a fast-paced environment.
• Ability to read, analyze, and interpret standard banking documents.
• Ability to respond effectively to sensitive inquiries or complaints.
• Ability to write/create reports.

LICENSES AND/OR CERTIFICATES REQUIRED

• CRCM a plus

WORKING CONDITIONS:

Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.

• Hybrid role involving remote and in-office time.
• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.                        

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.