New

Compliance Analyst - Morristown, NJ

Valley National Bank
$60,500.00 - $100,800.00 / yr
paid time off
United States, New Jersey, Morristown
Jun 26, 2025
Back Compliance Analyst #25-549 Morristown, New Jersey, United States Apply Apply for this job now! Apply Job Overview At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice-building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth-with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US. At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you-working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients-that includes all our associates as well. The Compliance Analyst will be the central point of contact in administering the Bank's HMDA and CRA data collection and assist in conducting fair lending analyses and reviews including performance monitoring, risk, statistical modeling, and data integrity. The Compliance Analyst will also assist in administering the Bank's customer complaint program and reporting. Expected Work Hours 40 Job Description Responsibilities include but are not limited to: Administer HMDA and CRA data collection processes, including testing and data integrity reviews. Provide compliance-related and regulatory guidance to business partners directly involved in the data collection process. Support the Fair Lending team in participating in fair lending analyses, including performance monitoring, risk analysis, and statistical modeling such as matched pair, regression, and 2-factor analysis. Conducts compliance monitoring and testing as required by Regulatory Compliance. Assists first line of defense with development and enhancement of compliance controls. Identify and review complaints via the complaint portal for the CFPB and OCC, as well as post public response to the CFPB site. Identify and report complaint trends and areas of concern. Prepare Complaint Management and Escalation Reports. Escalate significant issues or complaints to the appropriate contacts including Escalation Committee, Human Resources, Ethics, and Security. Requirements Required Skills: Advanced skills for RiskExec, or other major compliance management system such as Wolters Kluwer or Rata Comply. Compliance monitoring and risk assessment are essential for the daily tasks of the Compliance Analyst, as they ensure that all activities align with regulatory standards. Well-organized individuals will excel in maintaining accurate records and documentation, which is vital for audits and compliance reviews. The ability to interpret data allows the analyst to draw meaningful insights from compliance metrics, guiding the organization in its decision-making processes. Multitasking abilities are crucial, as the analyst will often juggle multiple projects and deadlines while ensuring thoroughness in their work. Familiarity with compliance software, will enhance the analyst's efficiency in tracking compliance activities and generating reports. Required Experience: Bachelors Degree in related field. Minimum of 3 years of related compliance experience. Working knowledge of Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), and Unfair, Deceptive, and Abusive Acts & Practices (UDAAP). Preferred Experience: Certification in compliance or risk management (e.g., CRCM, CCEP). Background in Regulatory Compliance. Having attended at least one of the ABA's Compliance schools. Full-time/Part-time Full-time FLSA Exempt Location(s) Morristown , New Jersey , United States Total Rewards Summary We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions. In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process. Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience. $60,500.00 - $100,800.00 / year Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.