Compliance Monitoring and Testing Specialist

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3 days ago

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Forbright Bank

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Banking • Finance • Social Impact

Forbright Bank is a financial institution focused on providing personal and business banking services, with an emphasis on sustainability and green financing. Based in Washington, D. C. , Forbright Bank offers a variety of financial products including high-yield savings accounts, certificates of deposit, business checking, savings, and credit cards, as well as lending services for energy, healthcare, real estate, and corporate finance. The bank is known for its mission-driven approach to supporting a low-carbon economy, offering initiatives like Institutional Green Deposits and financing for energy efficiency projects. It is also recognized for its commitment to environmental responsibility, being one of the few U. S. banks to sign the United Nations Principles for Responsible Banking.

201 - 500 employees

🏦 Banking

💸 Finance

🌍 Social Impact

📋 Description

• Plan and execute compliance testing and monitoring reviews in 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 escalate control issues, potential violations 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

🎯 Requirements

• 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

🏖️ 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