Regulatory Affairs Consultant

The Regulatory Affairs Consultant will handle regulatory meeting minutes, track inquiries, assist with reports and updates, and support coordination of regulatory matters.

Client Details

Our client is a New York City branch of a major financial institution, offering a range of banking and financial services, catering primarily to corporate clients and international businesses.

Description

The Regulatory Affairs Consultant will be responsible for the following:

• Ensuring timely, efficient, and accurate communication between regulators and the Bank
• Promptly communicating regulatory requests/inquiries and deadlines to internal stakeholders, across all lines of defense; properly tracking and following up on communication to ensure prompt responses; escalating issues of timeliness to supervisor, as needed
• Properly maintaining and updating trackers including, but not limited to, regulatory affairs communications, meetings, exams, etc. to ensure actions are completed by internal deadlines
• Arranging monthly and ad hoc regulatory meetings; responsible for logistics, scheduling, and coordinating with internal and external parties
• Recording, distributing, and retaining proper minutes for all regulatory meetings
• Assisting in the collection of regulatory-related information, status updates, and remediation progress from various Legal & Compliance Department teams, as well as other Lines of Business (Departments)
• Assisting with quality review of regulatory submissions to ensure deliverables meet strict deadlines and fulfill regulatory and quality standards
• Recommending procedure updates and assisting with revisions per supervisory input; and
• Completing other tasks or projects as assigned by the Supervisor, including ad hoc regulatory updates or communications, as requested.

Profile

• Knowledge of U.S. Banking regulations and compliance practice with strong emphasis on all aspects of BSA/AML and OFAC. Comprehensive knowledge of BSA/AML and OFAC related regulations. Knowledge regarding other regulatory compliance such as consumer compliance is preferred.
• Financial regulatory/legal related area, Must have excellent communication skills, team player, ability to work in fast paced environment, Microsoft Office skills (Excel, Word, PowerPoint)
• Ability to implement the banks policies and procedures. Ability to conduct legal/compliance research, regulatory review and other related skillsets; strong organizational skills, communication skills, and the ability to multitask in high-pressure situations.
• CAMS preferred

Job Offer

The offer for this successful Regulatory Affairs Consultant contains a competitive hourly pay rate plus benefits for the duration of a 6 month contract with opportunity to extend.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Job Requirements: