Analyst I (MT-Projects), Compliance

The Analyst I (MT-Projects) supports the overall direction of the compliance project and manual testing activities of Merrick Bank Corporation (the “Bank”) to ensure the Bank adheres to the requirements of all applicable laws and regulations, industry standards, and risk management practices. This is achieved by performing, or assisting in the performance of, the primary duties listed below.

Essential Functions:

As directed by compliance management:

• Assist in the overall implementation of the Bank’s Compliance Management System (CMS) and in the development of an overall compliance testing plan
• Stay abreast of federal and state regulatory changes, report such changes to management and assist in determining appropriate responses, including the development of new testing plans
• Report to the Chief Compliance Officer on any suspect violations of law, regulations or non-compliance to Company policy and take responsibility to ensure resolution
• Assist in preparing material and resources for regulatory examinations
• Maintain compliance related policies and procedures to ensure continued applicability and completeness
• Demonstrate an ability to adapt to any changes in the regulatory environment
• Perform other compliance-related duties as assigned by Compliance management and the Chief Compliance Officer
• Develop and present training on compliance topics as needed
• Attend conferences and training to enhance compliance knowledge and skills

Assist with product testing and monitoring as follows:

• Conduct lending/deposit product testing and monitoring for compliance with various laws and regulations utilizing existing Bank programs, and prepare report of findings and present results to leadership
• Develop and maintain comprehensive testing plans for compliance related controls throughout the Bank
• Revise and/or customize testing plans based on results of prior testing, regulatory changes, changes to internal processes, or audit/examination findings
• Identify control weaknesses or gaps and work with department managers to correct deficiencies, in addition be an active participant in helping to identify the root cause of issues identified

Assist with projects as follows:

• Assess needs related to consumer regulatory guidance and requirements by meeting with stakeholders and participating in project meetings, document the change and objectives and communicate to various Compliance teams
• Ensure all stakeholders within Compliance have awareness of project scope, so specific processes can be modified and updated
• Support multiple projects simultaneously, track project progress, and report milestone and potential issues with recommended resolutions
• Create, execute and document results of User Acceptance Testing scripts
• Maintain standard compliance documentation of the change activities for Compliance
• Compliance with Laws and Regulations:
  • Comply with all of the bank’s internal control policies and procedures
  • Understand and comply with all laws and regulations, policy violations, or illegal acts

Education and Experience:

• Two (2) years of experience in compliance and regulatory banking experience in consumer credit or banking experience is preferred. 

• Experience in project or change management is desired
• Applicable certification desired (CRCM, CAMS. Etc.).

Summary of Qualifications:

• Knowledge of banking industry functions including credit, deposit, finance, marketing, operations, etc.
• Knowledge of banking laws and regulations.
• Ability to obtain and maintain industry certifications (CRCM, CAMS, Etc.).
• Strong analytical background with proven track record for structuring/solving problems, drawing conclusions and formulating recommendations.
• Ability to plan, organize and prioritize multiple simultaneous assignments real-time, as well as manage to time constraints.
• Ability to work independently and without direct or continuous supervisory support.
• Communicates effectively both orally and in writing; presents ideas in a clear, concise, understandable, and organized manner. 
• Keyboard and Windows-based applications (Microsoft Office) experience is required.