Regulatory Change Management Officer - Rockland Trust

The Regulatory Change Management Officer is a vital Second Line of Defense role within the Compliance function of the Enterprise Risk Management (ERM) department. This individual will assist with the development and implementation of a Regulatory Change Management (RCM) Program across the enterprise and leverage the bank’s Governance, Risk, and Compliance (GRC) tool to execute, maintain, and evolve the program to ensure the bank stays compliant with changing regulations. 

DUTIES AND RESPONSIBILITIES: 

• Leverage the third-party authoritative source and regulatory library to monitor new and amended laws, regulations, and supervisory guidance across multiple regulatory bodies (e.g., CFPB, FDIC, FTC, SEC)
• Track the lifecycle of the regulatory changes within the GRC tool and communicate the information to the appropriate stakeholder(s)
• Conduct a risk and impact assessment of applicable regulatory changes and evaluate how the regulatory changes affect the bank’s operations
• Lead cross functional teams to ensure regulatory changes are understood, communicated and embedded in relevant processes and practices
• Assist business units with revisions to policies and procedures for alignment with the regulatory change requirements
• For business-unit led initiatives provide an advisory role, monitor the progress, oversee and ensure implementation of processes and practices before the enforcement date
• For compliance-led initiatives perform initial analysis, partner with stakeholders to develop a project plan, execute, confirm, and document all key milestones and project tasks are appropriately completed on or before enforcement date
• Design and monitor key risk and performance indicators (KIs) to understand if progress on RCM initiatives are outside of the risk appetite
• Prepare well-documented presentations and reports to communicate the status of regulatory changes to the business lines, Compliance Committee, Executive Leadership, and regulatory bodies
• Collaborate with Compliance Team Leadership to design and execute ongoing monitoring activities to ensure compliance over time of the implemented regulatory changes
• Maintain and revise as necessary the Regulatory Change Management Program document and procedures
• Contribute to education and training programs to ensure employees understand and comply with regulatory requirements
• Assist with regulatory examinations and internal/external audit requests, including preparing materials, providing responses, and communicating with Examiners and Internal Audit
• Actively participate in assigned cross-functional teams and Bank Committees such as the Compliance Committee and/or Enterprise Risk Management Committee, as appropriate
• Enhance knowledge of regulations by attending educational workshops, reviewing professional publications, establishing personal networks, and participation in professional organizations and trade groups
• Support Management in the execution of the Bank’s strategic goals and compliance risk management activities in accordance with the Enterprise Risk Management (ERM) framework
• Actively participate in the Department’s mission to prevent, detect, and manage consumer compliance risk and promote a culture of compliance
• Provide other support as needed and remain eligible for special projects or ad hoc assignments
• Other duties as assigned 

QUALIFICATIONS:

• Minimum of Bachelor’s degree
• Minimum of 3 years of audit or compliance experience in a bank or regulatory setting 
• Knowledge and experience with banking regulations 
• Prior experience with executing a regulatory change management program and/or project management experience
• Strong analytical, communication, and leaderships skills, with the ability to partner with stakeholders, lead, and collaborate effectively across business units
• Ability to navigate regulations and guidance and advise stakeholders in a non-technical manner
• Demonstrated ability to analyze data, draw sound conclusions, and problem-solve
• Ability to write clearly and concisely
• Prior experience with GRC tools such as Archer is a plus
• Certified Regulatory Compliance Manager (CRCM) or other professional risk management  professional certifications (e.g., CERP) a plus

Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more!

At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.