Compliance Advisory Director

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 Compliance Advisory Director provides compliance advisory oversight and support to MCB's Retail and Operations departments. Reporting to the Chief Compliance Officer, this role will help in developing, managing, and maintaining MCB's compliance risk management program, including conducting compliance risk monitoring, updating policies and procedures, performing annual risk assessments, and meeting with department heads to develop appropriate practices, procedures, and internal controls to assure compliance with applicable laws and regulations. The Compliance Advisory Director will also perform compliance risk due diligence reviews for any new products, new initiatives, and third-party engagements by the Retail and Operations departments. The Compliance Advisory Director may take on other specific Compliance department responsibilities such as Privacy Officer, Regulation O Officer, and other ad hoc initiatives to enhance the bank's CMS or other tasks as assigned by the Chief Compliance Officer.

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

• Compliance advisory oversight and support to MCB's Retail department.
• Compliance advisory oversight and support to MCB's Operations departments.
• Conduct new products, new initiative, new third party relationship compliance risk due diligence.
• Support risk assessments for Compliance Risk, ID Theft, and Fair Lending among others.
• Monitor, track, and escalate compliance risks related to the Retail and Operations departments.
• Support Compliance Monitoring and Testing and Audit teams on any tests and audits as needed.
• Support Compliance department and the bank with regulatory exams.
• Mentor, manage and provide guidance to junior staff.
• Interact with business and other stakeholders where applicable to ensure ongoing compliance with applicable laws and regulations.
• Review policies, procedures, and practices to ensure compliance with federal and state consumer laws and regulations.
• Assist the Chief Compliance Officer during the examinations and audit reviews.
• Develop and create trending analytics, heatmaps, key performance indicators, key risk indicators, and other metrics to measure and assess the Bank's compliance risks.
• Track issues to completion and ensure corrective action has been implemented within specified timeframes.
• Assist the business line with the implementation of new or changes to regulations.
• Maintain up-to-date knowledge of consumer protection laws and regulations and other applicable regulations.
• Lead meetings with department heads to develop appropriate practices, procedures, and internal controls to assure compliance with applicable laws and regulations.
• Participate in special projects as assigned.
• Conduct regulatory research.
• Perform other tasks as assigned.

Other Functions

• Demonstrates a high degree of professionalism in communication, attitude and teamwork with customers, peers and management.
• Demonstrates high level of quality work, attendance, and appearance.
• Adheres to local, state, and federal laws.
• Comprehends and complies with all company policies, procedures and regulations and provides guidance to direct reports and other Bank employees.
• Attends training and maintains knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to the position and job responsibilities, with an emphasis on consumer compliance regulations.
• Engages in Compliance department activities and leads by setting an example.
• Takes on additional duties as assigned as they relate to Compliance department or bank activities.

Preferred experience, education, and qualifications:

• Must have a minimum of ten years' experience in compliance risk management.
• Bachelor's degree. Master's degree is a plus.
• Knowledge of operating areas, functions, products and services and the laws and regulations which apply to commercial banks as they relate to deposit and lending activities.
• Knowledge of compliance management systems
• Ability to work with all levels of management and Bank staff as well as the Board of Directors.
• Ability to conduct thorough research, interpret and understand laws and regulations and provide workable recommendations and solutions to problems.
• Excellent verbal and written communication skills.
• Strong time management skills.
• Ability to work in a time sensitive environment.
• Strong analytical skills to identify program weaknesses and the associated root causes.
• Proficiency using Microsoft Office Excel, Word, and PowerPoint.
• Strong knowledge of regulatory and consumer compliance requirements and rules for Banks.
• CRCM designation a plus.

Potential Salary: $240,000 - $260,000 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.