Compliance Director (Banking) jobs in Rochester, NY

Compliance Director (Banking) manages operations to identify and respond to suspicious activity violating current anti-money laundering (AML) regulations as defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Implements oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Being a Compliance Director (Banking) monitors activity and ensures adherence to Know your Customer (KYC) protocols and regulatory requirements for required filings and reporting. Leads investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Additionally, Compliance Director (Banking) maintains extensive knowledge of financial regulations, risk management best practices, and changing fraudulent trends to develop and implement appropriate compliance procedures. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a director. The Compliance Director (Banking) typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compliance Director (Banking) typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)

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Director of Compliance
  • Rochester's Cornerstone Group
  • Rochester, NY FULL_TIME
  • Job Title: Director of Compliance.
    Reports To: VP of Accounting.
    Earnings Status: Exempt.
    Compensation: $70,000.00-$100,000 annually based on experience.

    Summary:

    The Director of Compliance oversees general compliance of the portfolio for the Company. The Director implements policies and procedures and works to ensure that the properties are operating according to agency and company guidelines. The Director works with on-site and corporate office staff while promoting company mission, values and culture.

    Essential Functions:

    Compliance:
    • Understands and ensures compliance with all federal, state, and local government regulations, codes, laws, and those of HUD, DHCR, HFA, USDA or other governing agencies, in addition to company practices, policies and procedures.
    • Maintains working knowledge of and cooperates with area or municipal associations regarding ordinances and restrictions.
    • Prepares rent increase documentation for submission to regulatory agencies.
    • Prepares energy Conservation Plans with NYSERDA for submission to appropriate agencies.
    • Oversees full compliance of files and maintenance according to regulations at all sites.
    • Reviews and approves initial/move in certification for all affordable sites to ensure full compliance in conjunction with Compliance Team.
    • Works closely with regional managers to review and finalize approval for all first-year tax credit development certifications.
    • Meets with DHCR, HUD, USDA, Investors and Auditors to organize property audits.
    • Understands and ensures compliance with all federal, state, and local government regulations, codes, laws, and those of HUD, DHCR, HFA, USDA, OSHA, and any other governing agencies.
    • Assists Property Managers with the preparation of administrative documents for REAC, DHCR, HUD, USDA, Investors and Auditors.
    • Proficient use of compliance software such as One Site is required.
    • Reinforces compliance of all human resources policies with staff.
    • Accurately and comprehensively conveys all reports and recommends appropriate strategies and adjustments at regular corporate meetings.
    • Assists with developing CPM policies and procedures that align with compliance and company standards.
    • Provides additional property management software support as an administrative user.
    • Acts with the upmost level of integrity and maintains ethical decision-making at all times.
    Audits:
    • Prepares administrative documentation for and attends management occupancy reviews, REAC’s and tax credit reviews annually at affordable sites.
    • Finalizes documentation for tax credit file audit submissions prior to delivery.
    • Prepares and assists with responses to internal and external audits and file reviews.
    • Completes internal audit of site management functions to include a general overview of policies and procedures for property management (maintenance, receivables, documentation, and basic financial review).
    Training:
    • Encourages and facilitates training for staff including safety, emergency procedures and other job-related development opportunities in collaboration with Human Resources and Director of Training. 
    • Oversees use of Property Management Software - ensures proper use and training as needed.
    • Ensures thorough, accurate, up-to-date and ethical training of all compliance staff.
    Administrative:
    • Maintains a professional office atmosphere to ensure all residents and prospective residents feel welcome. Maintains a positive customer service attitude; including but not limited to being pleasant, professional, respectful and responsive to residents, prospective residents, vendors, contractors, and all staff.
    • Ensures timely and accurate communication with executive leadership team and supervisors regarding all phases of property operation and significant changes or problems.
    • Effectively, respectfully, and professionally partners with all staff at all times.
    • Ensures timely communication with appropriate staff regarding all phases of property operation and significant changes or problems and keeps organized records of such.
    Supervisory Responsibilities:
    • Models leadership and leads by example.
    • Is committed to ongoing principles of creating diverse, equitable and inclusive strategies when selecting our employees, collaborating with partners, and engaging with tenants.
    • Supervises Compliance Team.
    • Implements strategic growth plan and hires new staff in coordination with Human Resources.
    • Reinforces Human Resources policies with staff.
    • Successfully onboards new staff members as outlined in Onboarding Procedure.
    • Encourages and facilitates training for staff including safety, emergency procedures and other job-related development opportunities.
    • Effectively performs and documents appropriate staff evaluations; is dedicated to assisting employees in managing their careers and reaching their professional goals through promotion and transfer opportunities by discussing job performance and objectives on a frequent and ongoing basis.
    Mental and Physical Demands:
    • Experiences frequent interruptions; required to meet inflexible deadlines; requires concentration and attention to detail; requires ability to problem-solve; requires a high level of organizational and prioritization skills.
    • Requires ability to maintain confidentiality of information received.
    • Required to sit for prolonged periods; exposed to visual display terminal for prolonged periods; dexterity and precision required in the operation of a computer.
    • Ability to lift up to 25 pounds.
    Education Requirements:
    • Associate degree from an accredited college or equivalent Real Estate education.
    • Accredited Resident Manager (ARM) or Certified Property Manager (CPM) must be obtained within five years of employment.
    • Additional requirements for Affordable Site Management.
    • Must be a Certified Occupancy Specialist (COS).
    • Must have C3P Tax Credit and LIHTC certification.
    • Must have STAR certification.
    Core Competencies/Qualifications:
    • Commitment to the Company’s mission, values and culture. 
    • Must be willing to contribute to harmonious and professional workplace environment, in which all individuals are treated with respect, supporting and upholding our zero-tolerance policy for harassment, discrimination, retaliation, or other prohibited conduct while concurrently acting with integrity in all situations.
    • Must have knowledge of financial operations and budgeting.
    • Must have excellent interpersonal, organizational, time management, conflict resolution and verbal and written communication skills.
    • Must be computer proficient in Microsoft Office and have the ability to effectively navigate the Internet.
    • Must be able to manage a flexible schedule and remain available for property emergencies.
    • Regular travel between local residential sites required. Out-of-the-area travel to residential sites, as necessary.
    • Must possess a valid driver’s license and New York State motor vehicle insurance.
    • Required use of a personal cell phone.
    • Performs other duties as assigned while reinforcing company mission, values and culture at all times verbally as well as behaviorally.
    Why join our team?

    Formed in 1990, Rochester’s Cornerstone Group has become a true leader in affordable housing development in New York State. Since being formed, Cornerstone has created or preserved more than 3,000 units of affordable housing across New York State and extending into Pennsylvania. These projects serve a wide range of people, including families, the elderly, individuals with mobility impairments or people with developmental disabilities. Cornerstone has also brokered dozens of commercial properties in the region, ranging from professional office space to vacant land to industrial parks, as well as developed multiple commercial properties, from new construction to historic renovation. We are a regional leader in affordable housing and real estate development, consulting, brokerage services, and property management. We have been recognized as a winner of RBJ’s Excellence in Construction and Real Estate, as well as being recognized as a multiple winner of the Top Workplaces in Rochester.

    Rochester's Cornerstone Group, Ltd. and Cornerstone Property Managers, LLC are committed to ongoing principles of creating diverse, equitable and inclusive strategies when selecting our employees, collaborating with partners, and engaging with tenants at the properties we manage.
    RCG/CPM is dedicated to assisting employees in managing their careers and reaching their professional goals through promotion and transfer opportunities. RCG/CPM encourages employees and supervisors to discuss job performance on a frequent and ongoing basis.

    Our Mission: We are committed to developing, preserving, and managing affordable housing that enhances the lives of our residents.

    Our Values: We foster an innovative and inclusive environment where integrity is the Cornerstone.

    Our People and Culture: We are committed to providing superior quality and unparalleled customer service in all aspects of our business. We believe each employee contributes to the success and growth of our Company.

    It is the policy of RCG/CPM to maintain a harmonious and professional workplace environment that promotes efficiency, positive employee morale and promotes a professional image. RCG/CPM is committed to a work environment in which all individuals are treated with respect. As such, all employees are expected to act and be treated with integrity and the highest ethical behavior. All members of RCG/CPM are part of a collaborative, cohesive team, and we all make a difference!

    RCG/CPM is an Equal Opportunity Employer. Employment opportunities at RCG/CPM are based upon one's qualifications and capabilities to perform the essential functions of a particular job. All employment opportunities are provided without regard to race, religion, sex, pregnancy, childbirth or related medical conditions, national origin, age, veteran status, disability, genetic information, or any other characteristic protected by law.

    *Job descriptions are not an exhaustive list of duties; other tasks consistent with the scope and intent of the position may also be required.

    Join our team and make a difference!
  • 7 Days Ago

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Compliance Inspector
  • 7G Environmental Compliance Management
  • Rochester, NY FULL_TIME
  • Our CompanyAt 7G, we're the go-to partner for petroleum tank owners across the country. We tackle environmental challenges while consistently keeping things compliant. Our values are simple: excellenc...
  • 24 Days Ago

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Director, SOX Compliance
  • Careers at Kodak
  • Rochester, NY FULL_TIME
  • Position Summary:Eastman Kodak Company is seeking an experienced SOX Compliance expert to join our finance team to lead our SOX Compliance Office (SCO). The SCO is responsible for ensuring Kodak’s com...
  • 20 Days Ago

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Director of Risk Management & Compliance
  • Roberts Wesleyan University
  • ROCHESTER, NY FULL_TIME
  • DescriptionThe Department of Finance is seeking a full time, Director of Risk Management & Compliance reporting to the Vice President of Finance & Chief Financial Officer (CFO). The Director of Risk M...
  • 25 Days Ago

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Senior Director, Corporate Compliance
  • Rochester Regional Health Careers
  • Rochester, NY FULL_TIME
  • HOW WE CARE FOR YOU:At Rochester Regional Health, we are dedicated to getting health care right. Our robust benefits and total rewards foster employee wellbeing, professional development and personal ...
  • 14 Days Ago

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Director, SOX Compliance
  • Kodak
  • Rochester, NY FULL_TIME
  • Date: Jan 24, 2024 Location: Rochester, NY, US, 14650 Company: Kodak Role Overview Eastman Kodak Company is seeking an experienced SOX Compliance expert to join our finance team to lead our SOX Compli...
  • 1 Month Ago

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Director, GRA CMC Pharmaceuticals, Oligonucleotides
  • Takeda Pharmaceutical
  • Rochester, NY
  • By clicking the Apply button, I understand that my employment application process with Takeda will commence and that the...
  • 3/28/2024 12:00:00 AM

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Residence Manager - Alexander House
  • Catholic Charities Family & Community Services
  • Rochester, NY
  • Job Details Job Location Alexander House - Rochester, NY Position Type Full Time Education Level Bachelors Degree Salary...
  • 3/27/2024 12:00:00 AM

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Quality Management & Compliance Specialist
  • Catholic Charities Family & Community Services
  • Rochester, NY
  • Job Details Job Location 79 North Clinton Ave - Rochester, NY Position Type Full Time Education Level Bachelors Degree S...
  • 3/25/2024 12:00:00 AM

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Internal Revenue Agent (Examiner) 12 MONTH ROSTER (AMENDED)
  • Department Of The Treasury
  • Rochester, NY
  • Duties WHAT IS THE LARGE BUSINESS & INTERNATIONAL (LB&I) DIVISION? A description of the business units can be found at: ...
  • 3/25/2024 12:00:00 AM

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Director of Finance & IT
  • IDEX Corporation
  • Rochester, NY
  • If you're looking for a special place to build or grow your career, you've found it. Whether you're an experienced profe...
  • 3/25/2024 12:00:00 AM

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Senior Vice President of Finance
  • Careerbuilder
  • Rochester, NY
  • Heritage Christian Services Senior Vice President of Finance Rochester , New York Apply Now EDI is proud to partner with...
  • 3/25/2024 12:00:00 AM

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Internal Revenue Agent/ Senior Revenue Agent (Examiner)- (12 Month Roster)- Amended
  • Department Of The Treasury
  • Rochester, NY
  • Duties WHAT IS THE LARGE BUSINESS AND INTERNATIONAL (LBI) DIVISION? A description of the business units can be found at:...
  • 3/24/2024 12:00:00 AM

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Student Financial Aid Advisor
  • Rochester Institute of Technology
  • Henrietta, NY
  • Job Responsibilities Customer Service: Provide outstanding customer service to students, parents and other constituents....
  • 3/24/2024 12:00:00 AM

Rochester is at 43°9′56″N 77°36′41″W / 43.16556°N 77.61139°W / 43.16556; -77.61139 (43.165496, −77.611504). The city is about 73 miles (120 km) east-northeast of Buffalo and about 87 miles (140 km) west of Syracuse and Albany, the state capital is 226 miles (360 km) to the east ; it sits on Lake Ontario's southern shore. The Genesee River bisects the city. Toronto, Canada is northwest 168 miles (270 km) and New York City is about 350 miles (560 km) to the southeast. According to the United States Census Bureau, the city has a total area of 37.1 square miles (96 km2), of which 35.8 square m...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Compliance Director (Banking) jobs
$112,485 to $161,393
Rochester, New York area prices
were up 1.5% from a year ago

Compliance Director (Banking) in Lake Charles, LA
Finally, another benefit of obtaining a compliance officer certification is that regulatory compliance certifications can be utilized for career advancement.  Certifications are often a requirement for certain job postings, help to bring in a higher salary, and put a candidate above the competition.
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Compliance Director (Banking) in Johnstown, PA
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Banking CIO Outlook.
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Compliance Director (Banking) in Gulfport, MS
That turnover is largely a function of the way the role has evolved within the changing regulatory environment, said Cynthia Dow, a Russell Reynolds consultant who leads its legal, regulatory and compliance officers practice.
January 20, 2020