Job Description
If youre looking for a meaningful career, youll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Websters values, these set us apart as a bank and as an employer.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
Responsible for performing on-going compliance reviews, inclusive of; scope definition, attribute testing to ensure compliance with regulatory requirements and adequate workpaper preparation to support results. The Manager, Compliance Assurance will formulate conclusions on the testing performed and adequately identify and communicate compliance issues.
Key Responsibilities for this position:
- Execute the compliance monitoring and testing program ensuring sufficient testing is performed and adequate workpapers are developed and supporting documentation is maintained in order to support stated conclusions and issues noted.
- Responsible for ongoing communication with respective business lines regarding the scope of testing, document requests, control environment, regulatory requirements and issues noted.
- Perform validation of compliance related business self-identified issues.
- Review new products and services after implementation to ensure compliance with applicable laws and regulations.
- Ensure an in-depth subject matter resource level of knowledge of regulatory requirements, industry best practices and expectations to allow for appropriate levels of oversight to be maintained. Maintain knowledge of new or proposed rules and regulations and ensure proper inclusion and coverage within the Compliance Program testing.
- Ensure compliance with all regulations, policies and procedures. Assist with special projects and perform additional accountabilities as required.
Specific Skills - Experience needed for this position:
- Candidates with advanced degrees (Associates, Bachelors, and/or Masters) preferred, yet a High School diploma or GED is required.
- Candidates with some combination of coursework and experience, or else extensive related professional experience, are eligible for consideration.
- Internal Audit or prior testing experience preferred but not required.
- Strong oral and written communication skills
- Strong PC skills
- Strong analytical decision-making abilities
- 2-6 years of experience in compliance and/or audit within the Financial Services Industry strongly preferred.
- CRCM, CIA, Securities License a plus but not required.
The estimated salary range for this position is $85,000USD to $100,000USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.