Regulatory Change Manager

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees’ experience.

POSITION SUMMARY

The Regulatory Change Manager is responsible for monitoring regulatory change across applicable issuing bodies and working with appropriate stakeholders to adapt policies, standards, and controls to applicable regulations ensuring continuous compliance.

ROLES AND RESPONSIBILITIES
• Monitor upcoming, in development and relevant regulatory activities, including investigations and enforcements, legislative activity and changes of existing applicable regulations, conduct an impact assessment of the regulatory change and identify appropriate stakeholders within the business.
• Assist the business with the development of action plans to address the changes, including adapting new policies and controls, and enhancements to the self-monitoring plans to ensure continuous effectiveness.
• Lead the monthly regulatory change management working group and provide regular reporting on all regulatory activities that impact the organization. 
• Periodically reviewing and updating the regulatory change management procedures to ensure they remain fit for purpose.

SKILLS AND TRAINING

• Ability to work independently and in collaboration with other team members.
• Provide strategic oversight to ensure solutions are compliant with all relevant regulations.
• Banking experience and a strong knowledge of banking regulations necessary.
• Ability to effectively communicate with stakeholders.
• Lead strategic cross divisional discussions, deploying appropriate methodologies and governance tools, to drive the timely delivery of analysis and agreed approach.

 

QUALIFICATIONS AND EDUCATION REQUIREMENTS
• Bachelor’s Degree or 5 plus years of relevant work experience in a corporate compliance function. 

WORK EXPERIENCE

• Five years of experience in utilizing various regulatory monitoring programs, such as Reg Room, developing impact analyses and risk assessments. 

FEATURED BENEFITS

• Medical/Dental/Vision Insurance
• Flexible Savings Account
• 401(k)
• Tuition Disbursement and Reimbursement
• College Loan Pay Down Program
• and other great benefits

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management .

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.