Regulatory Affairs Director jobs in New York, NY

Come work with us:

Metropolitan Commercial Bank (the “Bank”) is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities. The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

For more information, please visit the Bank’s website at MCBankNY.com.

Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. The Bank finished ninth in S&P Global Market Intelligence’s annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.

About the role:

As a Regulatory Affairs Leader within our bank, you will play a pivotal role in ensuring compliance with all relevant regulatory requirements and standards. You will be responsible for navigating the complex regulatory landscape, interpreting regulatory guidelines, and implementing strategies to ensure the bank’s operations adhere to all applicable laws and regulations.

Duties and responsibilities of the job include the following (but is not limited too):

• Regulatory Compliance: Monitor, interpret, and implement changes in banking regulations, ensuring the bank’s policies, procedures, and operations remain compliant.
• Policy Development: Develop and maintain regulatory policies and procedures to ensure adherence to all regulatory requirements.
• Risk Management: Identify and assess regulatory risks associated with the bank’s operations and develop strategies to mitigate these risks effectively.
• Regulatory Reporting: Oversee the preparation and submission of regulatory reports to relevant authorities, ensuring accuracy and timeliness.
• Regulatory Liaison: Serve as the primary point of contact for regulatory agencies, facilitating communications and ensuring regulatory inquiries and examinations are addressed promptly and accurately.
• Compliance Training: Develop and deliver training programs to educate staff on regulatory requirements, ensuring a culture of compliance throughout the organization.
• Regulatory Projects: Lead or participate in regulatory initiatives and projects, collaborating with cross-functional teams to ensure successful implementation of regulatory changes.
• Internal Audit Support: Coordinate with internal audit teams to provide necessary documentation and support during regulatory audits and examinations.
• Compliance Monitoring: Establish and maintain processes for ongoing monitoring of regulatory compliance, conducting periodic reviews and assessments to identify and address any compliance gaps.
• Regulatory Advisory: Provide expert guidance and advice to senior management on regulatory matters, including the potential impact of regulatory changes on the bank’s operations and strategic initiatives.
• Assist the Enterprise Risk Management department with developing issues management tools and reporting, including regulatory remediation activities, and required follow up with remediation plan owners.

Preferred experience, education, and qualifications:

• Bachelor’s degree in finance, business administration, law, or a related field. Advanced degree or professional certification (e.g., CRCM, CAMS) is preferred.
• Extensive experience (12 years) in regulatory affairs or compliance within the banking or financial services industry.
• In-depth knowledge of banking regulations and regulatory frameworks, including but not limited to Basel III, Dodd-Frank Act, BSA/AML, and consumer protection laws.
• Strong analytical skills with the ability to interpret complex regulatory requirements and assess their impact on business operations.
• Excellent communication and interpersonal skills, with the ability to effectively communicate regulatory requirements and influence stakeholders at all levels of the organization.
• Proven leadership abilities, with experience leading cross-functional teams and driving regulatory compliance initiatives.
• Detail-oriented and organized, with the ability to manage multiple priorities and deadlines in a fast-paced environment.
• Sound judgment and decision-making skills, with the ability to balance regulatory requirements with business objectives and risk considerations.
• Perform quality work within determined timeframes
• Interact professionally with other employees, customers, vendors and shareholders
• Work independently while understanding the necessity for communicating and coordinating work efforts with other employees, departments, divisions, etc.
• Work on ad-hoc tasks, assignments and projects as needed

Potential Salary: $200,000 - $250,000 annually

This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.