Chief Compliance Officer Job In Saratoga Springs, New York, Infinity Consulting Solutions, Inc.

Published 2022-09-23
Expires 2022-10-23
ID #1181639929
Chief Compliance Officer Job In Saratoga Springs, New York, Infinity Consulting Solutions, Inc.
United States, New York, Saratoga Springs,
Published September 23, 2022

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Per annum
Occupation: Chief compliance officer

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Chief Compliance Officer

General Description:

The Compliance Officer manages all aspects of the organization's compliance with consumer laws and regulations. Reporting directly to the Board Compliance Committee, a Committee of the Board of Directors, the Compliance Officer regularly interacts with Senior Management, including the CEO. The Compliance Officer is also involved in product development, advertising, information technology and other major functions of the organization. The position also involves exposure and interaction with almost every aspect of the organization's business operations.


Responsible for all aspects of the Bank's Consumer Compliance program, including maintaining the Bank ' s compliance with the Bank Secrecy Act and Anti-Money Laundering, Fair Lending, Privacy, Community Reinvestment Act ( " CRA ” ) and Consumer Compliance regulations. Responsible for the development of Bank policies and procedures that ensure the Bank ' s compliance with all applicable legal requirements. Participates in the development of Bank products and services to existing and potential customers. Interacts with all Bank management and personnel.

Responsible for all aspects of the Bank's Anti-Money Laundering Program and Procedures, including Bank Secrecy Act and OFAC.

Change Management. Administer procedures for managing regulatory, product, system and/or key employee changes, and report regarding same to Board Compliance Committee.

Monitoring and Testing. Administer monitoring and testing program, including conducting testing, drafting written reports, and follow-up on remedial action, and report regarding same to Board Compliance Committee.

Policies and Procedures. Develop, review and update policies and procedures and report regarding same to Board Compliance Committee.

Risk Assessment. Conduct Consumer Compliance and Fair Lending Risk Assessments.

General Advisory Role. Research and resolve compliance-related issues and inquiries.

Exam management. Act as liaison between regulators and senior management with regard to regulatory compliance matters, ensuring that bank requested data is provided as needed, and report regarding regulator correspondence to Board Compliance Committee.

Training. Ensure that regulatory training is performed in accordance with compliance training schedule.

Complaint Management. Oversee the Bank's complaint management program and monitor consumer complaints to identify trends and report regarding same to Board Compliance Committee.

Responsible for all aspects of the Bank's CRA compliance, including, but not limited to, gathering data on loans, investments, grants and community involvement, preparing the CRA report, advocating for the organization before government officials, reporting to the Board of Directors and analysis of laws and regulations.

Work with officers of the organization, who establish, participate and maintain relationships with community-based, charitable and nonprofit organizations and develop lending and investment programs that help meet the needs of small businesses and low and moderate income households. Provide appropriate training to staff.

Professional Development. Maintain a competent level of expertise and knowledge of the requirements of the various laws, regulations, and rulings governing the bank's activities.

Other duties as may be assigned from time to time.

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    Registered on October 7, 2017


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    Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.

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