Compliance Specialist

The role

The Compliance Specialist will engage in various areas of the risk and compliance team. This person will use a data-driven approach to monitor compliance, research regulatory requirements, and perform control testing.

What you will do

• Assist in the monitoring of the Compliance Portal to escalate approvals, inquiries, issues and enhancements.
• Contribute to the development and implementation of new and/or enhanced compliance programs.
• Research and assess new and proposed regulatory requirements.
• Execute tasks accurately within timeframes while working collaboratively across lines of business.
• Execute and enhance a framework for completion of reporting for management and banking partners.
• Perform analysis, identify trends and follow up on opportunities of enhancement with minimal supervision.
• Partner with risk and compliance team members to query data points for audits and testing.
• Support the design, maintenance, and organization of compliance reporting libraries and documentation repositories.
• Explore and quickly grasp new technologies and analysis tools.
• Perform control testing, document results and provide updates to the line of business.

Required qualifications

• At least 5 years of experience in audit, compliance, or risk management
• At least 3 years of experience supporting, partnering and interacting with internal business stakeholders
• Experience translating complex ideas and data into clear, engaging narratives across multiple formats to key stakeholders
• Understanding of compliance or risk management principles
• Ability to work independently on complex assignments with strong analytical skills, attention to detail, and the ability to interpret regulatory information
• Strong time management, organizational, and prioritization skills
• Ability to navigate ambiguity in a fast-changing environment
• Desire to be a reliable partner that collaborates with multiple business stakeholders across multiple lines of business
• Excellent research and communication skills

Nice to have

• 2+ years of experience within Fintech or a Sponsor/Partner Bank
• 1+ years scripting experience in SQL
• Relevant coursework or certifications in compliance, risk management, or data analytics (e.g., CRCM or similar certifications)
• Experience working with data systems or reporting tools

About the company

Novo is a banking platform for small businesses. It is powered by Middlesex Federal Savings, F.A.