Compliance Officer & Internal Audit Manager

Compliance Program Management:

• Ensure compliance with all Federal and State regulations.
• Oversee, manage, and monitor programs that verify compliance with laws, regulations, and rules.
• Conduct periodic compliance monitoring and self-testing to ensure effective controls.
• Review various business areas/functions, including Lending and Deposit related regulations, Bank Signage, Advertising, Website, Social Media Platforms, and internal control reviews.

Product Development and Risk Assessment:

• Participate in new product development and provide compliance input.
• Assist Management with the implementation and support of products and services.
• Perform risk assessments and ensure non-compliance issues are addressed.

Regulatory Monitoring and Implementation:

• Monitor and analyze developing trends and changes in regulatory compliance.
• Work with management to determine the operational impact of these changes.
• Facilitate the implementation of new regulatory requirements.
• Documentation and Reporting:
• Assist departments in the review, revision, and development of forms, agreements, and disclosures.
• Chair the Bank's Compliance Committee, planning and coordinating meeting topics.
• Report the status of the Bank's monitoring and testing program to the Audit Committee quarterly.

Specialized Compliance Oversight:

• Act as the Bank's subject matter expert for HMDA.
• Oversee the accurate preparation, documentation, and reporting of the Bank's HMDA LAR.
• Provide monthly compliance updates to the Finance Committee of the Board of Directors.

Advertisement and Marketing Review:

• Manage reviews of Bank advertisements, marketing materials, and promotional giveaways for compliance.

Leadership and Guidance:

• Serve as a resource and support to Bank Management and employees on compliance issues.
• Coordinate with Federal and State regulatory authorities on compliance exams.
• Manage the customer complaint program and conduct trend analysis.

Training Programs:

• Work with Human Resources to develop and maintain the Bank's Compliance Training Program.
• Develop and maintain the Board of Directors Compliance Training Program and provide training.

Continuous Improvement and Professional Development:

• Maintain a high level of knowledge through training, seminars, and professional publications.
• Participate in the Compliance, Operations, and CRA/Fair Lending Committees.

Community Engagement:

• Participate in community events, volunteering for local schools, neighborhood associations, government, and/or nonprofit organizations.

Additional Duties:

• Perform other duties as assigned by Bank Management.

Minimum Qualifications:

• Bachelor's degree in Finance, Accounting, Business, Management, or related field, or equivalent Bank experience.
• 6-8 years of experience in Audit and Compliance, deposit and lending.
• CRCM certification desired.
• Strong communication, collaboration, and technical compliance skills.
• Extensive knowledge of compliance risks and experience in building effective compliance programs.
• Experience interpreting regulations, laws, and statutes.
• Exceptional organizational, analytical, and managerial skills.
• Proficiency in communication, presentation, writing, project management, and research skills.
• Problem-solving skills and flexibility.

Job Specific Competencies:

• Quality, Planning, Dependability, Initiative and Results Focus.
• Regulatory Environment-Financial Services, Interpersonal Skills, Banking Products.
• Proficiency in MS Office, particularly Word and Excel.
• Management skills: performance management, conflict management, decision-making, people development, attention to detail, and multi-tasking.
• Ability to handle multiple priorities, maintain confidentiality, and adapt to changing priorities.
• Professional image and credibility.
• Participation in community events.

Physical Demands and Work Environment:

• Standard office environment.
• Ability to access the Montvale Avenue Office (Main Floor and 2nd Floor) and Billerica branch.
• Use of standard office equipment.
• Constant computer use requires good visual ability.
• Attendance at outside training and seminars may be required.

We offer a competitive compensation package including the following:

• Medical Insurance with HRA
• Dental Insurance
• Vision Insurance
• 401K with matching contributions
• Performance Incentive Plan
• Flexible Spending Account
• Dependent Care
• Life, AD&D Insurance
• Free Parking
• Paid Vacation Personal, Sick, Holiday, Bereavement
• Wellness Programs including flu shots and Health Club membership reimbursement (through health insurance)
• Voluntary programs including supplemental Short/Long Term Disability and Cancer benefits
• Employee Assistance Program (legal, financial, and personal counselling)
• On-site and online training classes
• Employee Referral Incentive

StonehamBank is an equal opportunity employer and makes employment decisions without regard to race, color, religion, gender, sexual orientation, age, national origin, genetic information, gender identity, disability, marital status, status as a covered veteran, or any other protected status as defined by applicable state and federal laws.

EOE/M/F/Disabled/Vet

Member FDIC/Member DIF