The GRC Compliance Administration Specialist (“Specialist”) performs a key compliance risk support role (second line of defense to the business unit’s first line of defense) to empower the different lines of business to manage their compliance risks with well-managed, documented, and measurable processes and metrices. These activities support Bethpage Federal Credit Union (Bethpage)’s Mission, Vision, Values and Growth Strategy.
The Specialist will develop, implement, and maintain the GRC Compliance modules and related workflows. A significant percentage of time will be spent using specialized software to analyze and report on Bethpage compliance risks associated with each line of business.
Bethpage has a commitment to excellence and the highest standards of member service. Our values and behaviors are critical to the success and growth of the business, and they were all created with a unique cultural foundation. To review our values and behaviors, please visit The Brand is You.Expected salary range for this position is $71,190 to $85,429 annually. Responsibilities Include: (Please summarize the 4-8 main responsibilities/accountabilities of the position. List responsibilities in the order of importance and time spent.)
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Develop and leverage subject matter expertise in Compliance Management System (CMS) governance. Maintain a working knowledge of compliance regulations related to all facets of consumer compliance.
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Assess and coordinate the assignment and GRC workflows related to regulatory change notifications.
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Execute or manage periodic risk assessments and reviews to identify potential gaps or weaknesses in model compliance risk governance and compliance practices and recommend appropriate remediation actions.
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Work with our GRC vendors and business areas to facilitate, implement, coordinate, and maintain compliance mapping of risks, requirements, processes, controls, and test plans into the GRC.
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Collaborate with the 1st line and coordinate guidance from other compliance SME’s (Subject Matter Experts) for the creation, documentation, and mapping of 1st line key controls.
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Recommend and facilitate implementation of business processes and controls necessary to mitigate compliance risks identified.
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Develop regular and ad hoc reports to inform all three lines on the status of the CMS as it relates to each business area, product and in aggregate. Include various levels of reporting bottom-up results by department, by process, by regulation, control coverage, etc.
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Acts as a liaison with the Risk Department, Compliance and with the 1st line to carry out the responsibilities of the GRC workflows, changes, and analysis.
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Coordinate with Internal Audit and Compliance teams to support audits, testing and examinations, responding to inquiries and providing necessary documentation.
Risk Management or Consumer Compliance related certification preferred.
QualificationsSkills
RequiredSystems Thinking: Intermediate
Analytical: Intermediate
Communication Written: Intermediate
Behaviours
RequiredInnovative: Consistently introduces new ideas and demonstrates original thinking
Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well
Motivation
RequiredGoal Completion: Inspired to perform well by the completion of tasks
Education
RequiredBachelors or better in Risk Management and Insurance or related field
ExperienceRequired2-4 years: Strong understanding and expertise related to data analysis and GRC Risk functions and practices. Minimum 2 years in a financial institution with a focus on GRC activities, data analytics and risk mitigation regulatory compliance. Working knowledge of business line operations, financial products and services, systems, and risks/controls.