The Compliance Monitoring & Testing Specialist assesses compliance risks and controls, executes compliance testing, prepares reports, and collaborates on corrective actions to ensure adherence to regulations.
COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter future for our clients and the communities we serve. Forbright is committed to exceptional client service by providing seamless, innovative personal banking services to depositors and creative financing solutions to visionary middle market businesses and investors in healthcare, technology, financial services, real estate, and other industries.
COMPANY CULTURE: We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.
COMPANY MISSION: We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbright’s capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a brighter future.
JOB SUMMARY: The Compliance Monitoring & Testing Specialist sits within the second line of defense and is responsible for assessing compliance risks and controls implemented by the business units through the monitoring and testing function.
DUTIES AND RESPONSIBILITIES:
- Plan and execute compliance testing and monitoring reviewsin accordance with the Bank’s Compliance Management Program and with consideration to the Bank’s Compliance Monitoring and Testing Policy
- Assess the effectiveness of key processes and controls designed to address state and federal compliance and escalatecontrol issues, potentialviolations of law, and non-adherence to enterprise-wide policy
- Prepare and communicate results through various reports to Compliance Management, Business Units, and Management Committees
- Stay informed of industry issues and trends and regulatory updates
- Assist with updates to the Compliance Risk Assessment based on the results of testing performed
- Be familiar with the Bank’s Fair Banking/Lending Program
- Collaborate with both Compliance and Line of Business management to develop corrective action plans to remediate compliance findings
- Perform other duties as assigned
QUALIFICATIONS:
- High School Diploma required; Bachelor’s Degree preferred
- A minimum of 3 years of experience in compliance, compliance testing, or auditing role at a financial institution required
- Experience working in a risk-based compliance program and completing compliance risk assessments preferred
- Familiarity with risk management practices, internal controls, and audit and review processes preferred
- Experience interpreting and applying federal and state laws, regulations, and applicable guidance is preferred
- Strong interpersonal skills to collaborate effectively with various teams and stakeholders across different levels of the Bank
- Proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)
- Excellent verbal, written, and interpersonal communication skills
- Strong organizational skills and attention to detail
- Outstanding problem-solving and time management skills
- Self-motivated, self-directed, and results-oriented
- Adaptable and able to multitask in a fast-paced environment
- Can work independently and within a team; solution-oriented with a collaborative approach
The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $70,000 (entry level qualifications) to $80,000 (highly experienced).
POSITION REQUIREMENTS: We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to:
• Remain in a stationary position
• Use hands and fingers
• Utilize a computer monitor with visual acuity
• Operate technology or other office machinery such as printers, scanners, etc.
• Communicate clearly verbally and/or in writing with others
ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.
PERKS/BENEFITS:
• Comprehensive health, dental, and vision plans
• 4 weeks PTO
• 401k + company match
• Metro SmartTrip benefits ($50/mo)
• Remote or hybrid work schedules for most positions
• Incentives for purchasing solar panels, electric vehicles, biking to work, etc.
• Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!
• Best Workplaces for Commuters 2023 & 2024 winner
• The Washington Post Top Workplaces 2023, 2024, and 2025 winner
• American Banker Best Banks to Work For 2023 winner
It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.
Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time.
By applying, you acknowledge that you have reviewed our CCPA Privacy Notice.
Top Skills
MS Office
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