ORS Partners

Regulatory Compliance Manager

Job Locations US-CT-New Haven
Posted Date 2 weeks ago(1/4/2021 2:09 PM)
Client & Job Location : Address
115 Munson St
Client & Job Location : Postal Code
Job ID
# of Openings
Regular Full-Time


Role Summary:

BankMobile, a division of Customers Bank, is looking for a passionate, hard-working individual to join our Compliance team as a Regulatory Compliance Manager. The Regulatory Compliance Manager is responsible for promoting a culture of compliance and the identification, escalation and timely mitigation of compliance risks by assisting the first line of defense in any compliance activities and related process that is not limited to the list below. This position has several direct reports, who are regulatory analysts.


To be successful in this role you should possess the following abilities:

  • Advise and monitor for financial services activities regarding Company’s regulatory compliance requirements, including the USA PATRIOT Act, Bank Secrecy Act, OFAC, Regulations E, D, DD, CC and other deposit related banking rules and regulations to ensure the organization complies with all pertinent state and federal laws.
  • Maintaining a high degree of accuracy and attention to details while performing monitoring and testing functions.
  • Create and maintain a regulatory inventory. Assist with updates to policies, work papers and desk procedures to ensure they reflect regulatory requirements.
  • Contribute to compliance risk assessment and perform monitoring and testing to determine the effectiveness of the first line of defense processes and risk controls.
  • Review and identify compliance training needs and third-party participation to ensure adequacy, and completion.
  • Review the findings of the monitoring results with pertinent personnel and discuss recommendations for corrective action.
  • May be involved in high-level client contact and exposure to sensitive information, and must use considerable tact, diplomacy and judgment
  • Validate that commitments made regarding actions in response to Matters Requiring Attention ("MRAs") and other actions are completed for the first line. Escalate regulatory relations concerns to Director of Compliance or senior management.
  • Performs diverse, advanced and confidential administrative support functions including composing, and updating routine governance correspondence.
  • Candidate must have experience in reviewing business requirements and related documentation, to ensure that the systems that they depict will be compliant with applicable state and federal laws.
  • Advanced administrative and analytical skills. Thorough knowledge of a variety of software programs.


Required Experience/ Qualifications:

  •  Bachelor's degree required.
  • Minimum of 5 years of directly related work experience in banking regulatory compliance
  • Compliance certification (CRCM or equivalent)
  • Candidate must understand back office bank processing for all deposit products.
  • Thorough knowledge of USA PATRIOT Act, Bank Secrecy Act, OFAC, Regulations E, D, DD, CC and other related deposit banking rules and regulations
  • Successful experience in performing analysis of compliance practices and procedures
  • Excellent analytical and communication skills
  • Should be a self-starter and organized; able to work independently, without supervision; able to solve problems and offer solutions.



About BankMobile:

Established in 2015, BankMobile is a division of Customers Bank and America’s largest and fastest growing mobile-first bank offering checking and savings accounts. BankMobile provides an alternative banking experience to the traditional model and is focused on technology, innovation, easy-to-use products and education with the mission of being “customer-obsessed” and creating “customers for life.” The disruptive, multi-partner distribution model, known as “Bank-as-a-Service,” created by the executive team enables BankMobile to acquire customers at higher volumes and substantially lower expense than traditional banks. Its low-cost operating model enables it to provide low-cost banking services to low/middle-income Americans who have been left behind by the high-fee model of “traditional” banks. Today, BankMobile provides its “Bank-as-a-Service” platform to colleges and universities and currently serves nearly two million account-holders at 800 campuses (covering one out of every three students in the U.S.). BankMobile is operating as the digital banking division of Customers Bank, which is a Federal Reserve-regulated and FDIC-insured commercial bank. For more information, please visit www.bankmobile.com. BankMobile, a division of Customers Bank, will provide consideration for employment to qualified applicants without regard to their race, color, religion, national origin, sex, protected veteran status or disability. BankMobile, a division of Customers Bank. Member FDIC - Equal Housing Lender - All Rights Reserved


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