Compliance Associate

Salem Five is a growing regional financial services organization with a rich history of over 170 years. As an independent bank we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

This position requires the ability to work in the Salem MA offices.

Salem Five has more than 30 retail banking branches throughout Essex Middlesex Norfolk and Suffolk counties strong business banking capabilities an Insurance division a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.

Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what were all about.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

• Keep abreast of statutory and regulatory developments impacting the Bank and its affiliates.
• Assist in the collection of documents/information in preparation for federal and multi-state regulatory examinations as well as internal/external audits.
• Assist in the completion of independent risk-based compliance on-site assessments of Retail branches and the Banks Contact Center area for compliance with all relevant banking laws and regulations as prescribed by the Compliance Calendar.
• Assist in the preparation and delivery of written reports and recommended action plans (including commentary as to adequacy of any policy/procedure the need for additional training and/or development of enhanced monitoring techniques) for management to correct identified deficiencies. Follow up to ensure receipt and implementation of appropriate responses and maintain documentation of all.
• Assist in the review of residential mortgage commercial and consumer loan files for compliance with state and federal lending laws and regulations. Identify deficiencies and/or weaknesses in procedures and assist in the creation of reports of findings to management and the Banks Audit Committee.
• Provide assistance and perform follow up testing and review as prescribed by the Compliance Departments Findings Tracker.
• Support preparation and filing of the Banks HMDA-LAR report via utilization of third-party reporting software (collecting application data performing quality and validity checks and ultimate submission).
• Support the Banks CRA Officer with the collection and analysis of required data for reporting on the annual CRA LAR.
• Support implementation of the Banks online compliance training program including the review of the training content. Assist in the creation of face-to-face training on new or changed regulatory requirements and the associated implementation strategy to impacted staff. Maintain records of all compliance training both online and face-to-face.
• Assist in performing documenting and maintaining Compliance Risk Assessments.
• Identify and recommend efficiencies in the Compliance Department. Attend periodic seminars webinars and other training to gain a better understanding of emerging regulatory issues.
• Regular attendance is essential to this position.
• Assume additional responsibilities as requested.
• Demonstrate compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.

EDUCATION and EXPERIENCE

Associates or Bachelors degree. Bank compliance audit or related banking experience a plus.

CERTIFICATES LICENSES REGISTRATIONS

Must have a current drivers license and be able to travel regularly to branch locations and other remote offices. A willingness to work towards obtaining a professional regulatory compliance certification (Certified Regulatory Compliance Manager or CRCM) a plus.

Benefits/Incentives: We offer a comprehensive benefits package designed to support your wellâbeing and success including medical dental and vision coverage; Flexible Spending and Health Savings Accounts; 401(k) matching; and tuition reimbursement. You will also enjoy additional perks such as our employee referral program annual holiday reception summer family outing and more.

Salary Range: $50000 to $65000

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education qualifications certifications experience skills seniority location and performance. This range may be modified in the future.

PHYSICALDEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job the employee is regularly required to sit; use hands to finger handle or feel; reach with hands and arms; and talk or hear. The employee is occasionally required to stand; walk; climb or balance; and stoop kneel crouch or crawl. Specific vision abilities required by this job include close vision.

Ready to applyIf this job sounds like a fit for you then click onApply/Apply Nowin this posting. We look forward to talking withyou.

No unsolicited resumes accepted from agencies.

Required Experience:

IC