NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
Newtek's and its subsidiaries' business and financial solutions include: Banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.
Newtek Bank, N.A. is looking for a
Senior Compliance Analyst.
The Senior Compliance Analyst will be responsible for monitoring, oversight and independent review and assessment of the Compliance framework for the Bank. Conducts independent reviews of all Bank activities to evaluate the adequacy and effectiveness of the system of internal control and operating procedures in accordance with specified compliance risk objectives. Ensure processes are in place for the appropriate oversight, tracking and reporting of compliance program risks that includes an internal control structure, new products, training, regulatory change management, risk assessments, issues management, and monitoring and reporting. The role will be reporting directly to the Compliance Officer and will be required to work independently and cross-functionally.
Essential Functions & Responsibilities
- Independently perform regulatory compliance reviews according to the Bank's Compliance Management Program. This includes planning the review, assessing risk, performing field work in accordance with regulatory guidance, evaluating internal controls for adequacy, and documenting work performed substantiating conclusions reached.
- Independently conduct detailed analyses/testing of business functions and processes against applicable compliance requirements.
- Identify and discuss findings and make recommendations resulting from the review with appropriate compliance and bank management. Writes and timely issues Compliance Monitoring reports to bank management.
- Participate in the evaluations of the Bank's Compliance and Fair Lending Risk Assessments to identify regulatory risk levels and help prioritize compliance risks.
- Work with compliance management with monitoring schedule and tracking report exceptions.
- Assess compliance issues presented through new/revised product and service offerings and work closely with senior leaders of business units to plan a response.
- Conduct reviews of new regulations, products, services, software, etc. for compliance risk applicability or exposure; and follows an implementation plan, where applicable. Ensures the necessary risk mitigation processes are implemented while regulatory deadlines are met.
- Recommend compliance system and other risk avoidance controls based on his/her analysis of regulatory guidelines and conducts proper follow-up to ensure the controls were implemented properly.
- Performs other duties as assigned by management.
Knowledge, Skills & Abilities
- Demonstrated experience and knowledge with federal laws pertaining to consumer protections and applicable state laws, including Reg. B (ECOA), Reg. V (FCRA), FDPA, Reg. E (EFTA), Reg. DD (TISA), Community Reinvestment Act (CRA), and more.
- Experience in Compliance monitoring and testing a plus.
- Demonstrated strong and sound decision-making abilities about compliance risks and recommended corrective action.
- Serve as liaison between the various departments and consultants during compliance reviews.
- Strong problem-solving skills and demonstrated ability to take initiative and work independently.
- Ability to prioritize numerous tasks and manage shifting priorities while maintaining strong organizational skills.
- Ability to read, analyze and interpret various state/government regulations.
- Requires skills in d analysis, problem-solving and decision making.
- Excellent written, and oral communication skills.
- Proficient in MS Office products (Word, Excel, Outlook).
Education & Certification Requirements
BA or BS degree required.
- 5-7 years of experience in Bank Regulatory Compliance, regulatory examination, or Internal Auditing, with thorough knowledge of practices, principles, and inter-relationships of banking functions.
Salary Range: $90,000-120,000 per year
NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to perform work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.
