Compliance Testing Analyst

Come work with us:

Metropolitan Commercial Bank (the "Bank") is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.

Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB (investment grade) deposit rating on January 25, 2024. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.

Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan, Boro Park, Brooklyn and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

Position summary:

The primary function of this position is to support the Compliance Director - Monitoring and Testing in the development, implementation, execution and reporting of the Bank's compliance testing, monitoring, and validation exercises in accordance with the Bank's Compliance Monitoring and Testing (CMT) Plan. Strong analytical skills, attention to detail, and a thorough understanding of risk management principles are essential for success in this role.

The successful candidate for this role will be a proactive and analytical individual with a solid understanding of CMS, risk management principles, excellent communication skills, and the ability to work collaboratively in a dynamic environment.

We have a flexible work schedule where employees can work from home one day a week.

Essential functions and responsibilities

• Responsible for supporting, and reporting to, the Compliance Director to develop, monitor, and execute the Bank's Compliance and Monitoring Plan.
• Monitor, test and report on the Bank's adherence to its regulatory compliance policies, procedures and controls across all product lines.
• Track issues to completion and assure corrective action has been implemented within specified timeframes.
• Assist the business lines with the implementation of new or changes to regulations.
• Support and participate in the development of management and Board level reporting, including metrics on adherence to testing schedule, open/closed/delinquent testing action plans, and other items as directed.
• Develop effective relationships within Compliance and with other Bank stakeholders including Business process owners, external clients and Internal Audit function.
• Inform Compliance management of significant compliance matters that require their attention or action.
• Assist the Compliance Director with responding to regulatory agencies' requests for information as well as internal audit requests.
• Assist Compliance Governance to perform annual compliance risk assessments.
• Provide in-house training to address identified weaknesses.
• Serve as a compliance resource to Bank employees.
• Maintain up-to-date knowledge of consumer protection laws and regulations.
• Other compliance duties as assigned.

Minimum Experience

• 2-5 years of Bank Compliance monitoring & testing experience
• Bachelor's degree; Advanced degree a plus
• Certified Regulatory Compliance Manager (CRCM) designation a plus

Knowledge, skills and abilities:

• Knowledge and experience with Compliance monitoring and testing principles including planning, risk assessments, regulatory controls, operating effectiveness testing, and reporting activities;
• Proficiency in compliance and risk management principles, methodologies, and frameworks;
• Familiarity with risk management software and tools (e.g., GRC platforms);
• Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions;
• Strong presentation skills, including the ability to present findings and recommendations to senior leadership;
• Proficient in MS Office applications (Excel, Word, PowerPoint)
• Knowledge of Federal Reserve, New York State Department of Financial Services and Consumer Financial Protection Bureau rules and regulations; Knowledge of banking regulations and regulatory frameworks, including but not limited to Dodd-Frank Act, and consumer protection laws;
• Deposit and commercial lending knowledge is a plus;
• Detail-oriented and organized, with the ability to manage multiple priorities and deadlines in a fast-paced environment; and
• Sound judgment and decision-making skills, with the ability to balance regulatory requirements with business objectives and risk considerations.

Potential Salary: $80k - $100k annually

This salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.