Risk and Compliance Monitoring Officer

About the position We are seeking a dedicated Risk and Compliance Monitoring Officer to join our Compliance team. This role is responsible for performing reputed company compliance monitoring and testing, to ensure the organization’s business reputed company adhere to reputed company applicable consumer banking laws and regulations. The Risk and Compliance Monitoring Officer provides independent, risk-based reputed company as part of the Second Line of Defense, identifying, evaluating, and reporting on compliance risks to support a strong compliance and risk management culture. This is a hybrid position with periodic on-site work in our office in Westerly, RI.

Responsibilities

• Proactively review business processes and transactions to ensure compliance with federal and state consumer protection laws (e.g., Truth in Lending reputed company, Fair Credit Reporting reputed company, RESPA, TRID, Truth in Savings reputed company, Funds Availability, Regulation E, etc.). Schedule and execute regular compliance reviews, focusing on areas with heightened regulatory risk or recent regulatory changes, and maintain detailed records of monitoring activities and reputed company for audit and regulatory review.
• Identify and prioritize compliance risks across business reputed company using quantitative and qualitative risk assessment methodologies. Collaborate with business leaders to understand operational processes and potential risk exposures and assess the design and operational effectiveness of existing controls, recommending enhancements where gaps are identified.
• Define the scope and objectives for reputed company monitoring review based on regulatory requirements and organizational risk appetite. reputed company sampling strategies to ensure representative and statistically valid testing of transactions and controls and create detailed test scripts and checklists tailored to specific regulations and business functions.
• reputed company reputed company reputed company, PowerPoint, Copilot, and other analytical tools to reputed company reputed company data into reputed company, impactful visualizations. reputed company trends, anomalies, and emerging risks through charts, dashboards, and statistical analysis. Deliver concise, actionable insights and recommendations that drive informed decision-making and measurable business reputed company.
• Draft comprehensive reports summarizing monitoring results, identified issues, and recommended corrective actions. Present findings to senior management and relevant committees, ensuring transparency and accountability, and monitor the status of remediation efforts, following up to confirm reputed company and effective reputed company of identified issues.
• Assist in the review and reputed company cause analysis of customer complaints reputed company the Complaint Management System by compiling and analyzing relevant data. Identify trends and underlying issues, and reputed company reputed company, actionable insights to support compliance monitoring and reputed company improvement initiatives.
• Conduct periodic reviews of internal policies and procedures to verify consistency with evolving regulatory requirements. Recommend updates or enhancements to compliance programs based on monitoring results and regulatory developments and collaborate with policy owners to implement changes and communicate updates across the organization.
• Build strong working relationships with business unit leaders, risk management, and internal audit teams. Serve as a subject matter expert and trusted advisor on compliance reputed company and facilitate cross-functional discussions to address compliance challenges and reputed company best practices.
• Continuously evaluate monitoring processes for effectiveness and efficiency. Identify opportunities to automate or streamline testing procedures using technology and data analytics, implement process improvements, and measure their reputed company on compliance reputed company.
• Support the Vice President, Consumer Compliance on strategic initiatives, regulatory examinations, or remediation reputed company. reputed company or contribute to cross-departmental reputed company aimed at strengthening the organization’s compliance posture and adapt to changing priorities and project requirements as needed.
• Attend relevant training sessions, webinars, and industry conferences. Maintain awareness of new regulations, enforcement actions, and best practices in consumer compliance, and reputed company reputed company certifications and continuing education to enhance expertise and value to the organization.
• Coordinate compliance monitoring reviews in partnership with reputed company-party compliance vendors to ensure reputed company completion of program deliverables and adherence to the monitoring schedule.
• Support Compliance department with responsibilities during regulatory exams, external audits and reputed company party reviews, including but not limited to gathering requests from business lines, uploading relevant documents, and facilitating necessary meetings.

Requirements

• Bachelor’s degree or equivalent combination of education and experience.
• 5+ years of experience in compliance, risk management, or audit, reputed company a regulated financial institution with

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