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Compliance Specialist II

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:

Under general direction, this individual contributor 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. 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.  Effec-tively communicates issues and action items.

  • Obtains, documents, analyzes and appraises evidentiary data as a basis for an in-formed objective opinion based on regulatory guidance.

  • Assists in the maintenance of the Issue Tracking log, reviewing entries and updates as directed.

  • Conducts follow up with business units on items as directed, including implementa-tion and status of monitoring review recommendations and/or findings and esca-lates unresolved issues appropriately.

  • Reviews advertisements (including branch flyers, posters, notices, marketing bro-chures, internet, email, television, radio, statement messages, etc.) for adherence to applicable laws and regulations. 

  • Conducts regulatory research, as needed or requested. 

  • 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:

•    Knowledge of consumer protection laws and regulations related lending and 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 organiza-tional skills to handle multiple projects and priorities simultaneously; must be a proac-tive self-starter.
•    Must possess strong oral and written communications skills; must be comfortable with 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. Ability to clearly present analysis performed in a written and oral manner.
•    Proficiency in Microsoft Office suite of products (Word, Excel, PowerPoint).

 

WORKING CONDITIONS  

Work is performed in a normal office environment. Noise levels are usually moderate. May also involve travel to customers and property locations.

  • Prolonged sitting

  • Lifting from 5 to 10 lbs (printer paper, storage boxes)

  • Occasional bending or overhead lifting (storing files or boxes)

 

EDUCATION

Bachelor’s degree and/or experience equivalent.

 

WORK EXPERIENCE

2-4 Years

 

PREFERRED QUALIFICATIONS:
•    CRCM a plus

 

FEATURED BENEFITS

  • Medical/Dental/Vision Insurance

  • Flexible Savings Account

  • 401(k)

  • Tuition Disbursement and Reimbursement

  • College Loan Pay Down Program

  • and other great benefits

              

WORKING CONDITIONS

Work is performed in a normal office environment.  Noise levels are usually moderate.  May include travel by automobile.

 

HAZARDS

The hazards are mainly those present in a normal office setting, and those present in commuting by car.

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.

About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
     
  2. Through generous contributions, we have raised over $912,000 in 2022. No item or donation is too small; we find a home for it all.

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