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Compliance Testing Associate

New York, NY

Come work with us:

Metropolitan Commercial Bank (the “Bank”) is a New York City based full-service commercial bank that 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. The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City 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).

For more information, please visit the Bank’s website at MCBankNY.com.

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. The Bank finished ninth in S&P Global Market Intelligence’s annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.

About the role:

The primary function of this position is to support the Compliance Monitoring and Testing Manager in the development, implementation, execution and reporting of the Bank's compliance testing, monitoring, and validation exercises in accordance with the Bank's Compliance Testing (CT) Plan.

Duties and responsibilities of the job include the following (but is not limited too):

  • 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 assures 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 Monitoring and Testing Manager in responding to regulatory agencies’ requests for information as well as internal audit requests.
  • 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.
  • Experience in monitoring and testing or other oversight function over the merchant acquiring process
  • Other compliance duties as assigned.

Preferred experience, education, and qualifications:

  • 5+ years of Bank Compliance monitoring & testing experience
  • Bachelor’s degree; Advanced degree a plus
  • Certified Regulatory Compliance Manager (CRCM) designation a plus
  • Knowledge and experience with Compliance monitoring and testing principles including planning, risk assessments, regulatory controls, operating effectiveness testing, and reporting activities
  • Understanding of Federal Reserve Banking rules, laws, and regulations
  • Solid oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions
  • Proficient in MS Office applications (Excel, Word, PowerPoint)
  • Working knowledge of alphabet and other bank regulations (e.g., E, DD, D, and CC) preferred
  • Prepaid Access Card, Money Services Businesses (MSBs) and International Remittances knowledge is a plus

Potential Salary: $120,000 - $135,000 annually

This salary range only 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.

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.

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