Compliance & Audit Specialist Location Washington, DC (Shaw area) : Description: WHO WE ARE City First Bank N.A. is a mission-driven Community Development Financial Institution (CDFI) principally focused on a transformative impact in underserved, urban markets with the highest needs to drive equitable economic development. Our lending activities are purely commercial and focused on the following segments: Multifamily Affordable Housing, Not-for-Profit Finance, and Small Business Finance. As a depository and commercial lending provider with over $1.2 billion in bank assets as of June 30, 2023, our unified organization has over 100 employees in Washington DC and Los Angeles/Inglewood, CA.
ROLE SUMMARY The position of the Compliance & Audit Specialist is responsible for coordinating and liaising various financial, operational and compliance audits for City First Bank N.A. Provides administrative and management oversight to assist the Director of Compliance in performing bank regulatory compliance activities and engage in compliance monitoring, testing, and reporting to assure compliance with laws and regulations throughout the Bank. The coordinator will also be responsible for fraud monitoring and reporting.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES Assist in maintaining the Compliance Management System to regulatory standards and expectations including but not limited to training assignments and tracking, policy tracking, and coordination and tracking of compliance testing and monitoring, and complaint management. Coordinate between the Bank and third-party providers to ensure timely and accurate completion of both internal audits, compliance monitoring, compliance testing, and risk assessments. Assist in fraud monitoring, tracking, and reporting in conjunction with other Bank departments such as front-line operations and BSA. Assist with project completion and coordinates regulatory requirements implementation with business line/operations. Assist the Director of Compliance with monitoring, testing, and validation of CRA and/or HMDA data for commercial lending (community development, small business) Stays abreast of federal and state banking laws and regulations, reviews the Financial Institution's policies and procedures, and ensures Financial Institution compliance with laws and regulations. Assists with scheduling and coordinating compliance, internal audit, and regulatory reviews. Maintain database of compliance, audit, and self ID issues and perform follow-up with 1st line business units to gather and upload documentation as well as respond to/remediate findings. Assist with new product, policy, and procedure reviews and due diligence reviews of third parties as needed. Assist with reporting and filing deadlines with regulators and agencies. Communicate verbally, and in writing, in a clear and concise manner. Clearly documents audit work efficiently and succinctly to support conclusions. Other duties as assigned and completes ad hoc projects per direction from the Director of Compliance. Requirements: EDUCATION & EXPERIENCE Required Education/Experience: Bachelor's Degree accounting, business management, finance, or related field 3+ years of experience in a regulatory compliance, internal audit, and/or risk with a professional firm or regulated financial institution Preferred Education/Experience, Licenses or Certifications: CPA, CIA, or CFE ACAMS or CRCM KNOWLEDGE, SKILLS, AND ABILITIES Required Knowledge & Skills: Requires strong practical knowledge of banking regulations including but not limited to ECOA, HMDA, RESPA, Truth in Lending, Truth in Savings, Electronic Fund Transfers, Community Reinvestment Act (CRA), Fair Lending, Fair Credit Reporting Act, Flood Insurance, Regulation O, UDAAP and Privacy. Ability to execute audit and FDICIA testing assigned. Skills to perform detailed research, to assess large amounts of data and to derive key aspects. Knowledge of commercial and retail banking policies and procedures. Thorough knowledge of depository and lending banking regulations. Working knowledge of MS Office. Prior knowledge of bank operating systems, commercial and residential loan origination systems, and regulatory filing software applications (e.g., HMDA, CRA). Ability to perform basic mathematical computations. Works independently with littler supervision needed. Enhanced capability to analyze and compute information quickly. Strong problem solving and critical thinking capabilities. Professional acumen and understanding to handle confidential/sensitive data. Preferred Knowledge & Skills: Experience in Anti-Money Laundering (AML), Fraud, and/or Sanctions
