Job Description
We are seeking a highly motivated and detail-oriented Compliance Officer to join our dynamic team in Newark, NJ. In this pivotal role, you will serve as the guardian of our organizational integrity, ensuring that our operations adhere to federal, state, and local laws, as well as industry-specific regulations. You will work closely with executive leadership to develop robust compliance frameworks, mitigate risk, and foster a culture of transparency and accountability across the enterprise.
As a key member of our risk management team, you will have the opportunity to shape our regulatory strategy and ensure we remain at the forefront of best practices in the financial services sector.
Responsibilities
- Monitor and assess the effectiveness of internal controls, policies, and procedures to ensure compliance with applicable laws and regulations (e.g., SOX, Dodd-Frank, AML).
- Conduct regular internal audits and risk assessments to identify potential vulnerabilities and areas for improvement.
- Prepare and maintain accurate, up-to-date records and reports for regulatory bodies, internal management, and external auditors.
- Interpret complex regulatory requirements and communicate them clearly to various departments to ensure uniform understanding and implementation.
- Develop and deliver comprehensive compliance training programs to educate employees on policies, procedures, and regulatory changes.
- Investigate potential violations of company policy or law and recommend corrective actions.
- Collaborate with legal, operations, and IT teams to address compliance issues related to data privacy and cybersecurity.
Qualifications
- Bachelor’s degree in Finance, Accounting, Law, Business Administration, or a related field.
- 3-5 years of progressive experience in compliance, risk management, auditing, or a related role within the financial services industry.
- Strong working knowledge of banking regulations, financial reporting standards, and internal control frameworks.
- Exceptional analytical skills with the ability to interpret complex data and regulatory texts.
- Excellent verbal and written communication skills, with the ability to present technical information to non-technical audiences.
- Certifications such as CAMS, CFE, CPA, or CRCM are highly preferred.
- Proficiency in Microsoft Office Suite and compliance management software.