Webster Bank is a leading commercial bank focused on putting people first and helping them achieve their financial goals. The Analyst, Regulatory Relations supports the Compliance function with a focus on Regulatory Relations and Regulatory Change Management, providing foundational experience in compliance initiatives and regulatory communications.
Responsibilities
- Liaise with business units, risk management, legal, and other second-line functions to gather information and follow up on compliance and assist in cording communications and information requests for banking regulators
- Prepare supporting materials for compliance related meetings, regulatory examinations, and other supervisory interactions
- Support organization, tracking, retentions of regulatory correspondence and documentation
- Monitor, review, and summarize regulatory updates, guidance and rule changes issued by banking regulators
- Assist in the dissemination of regulatory updates to relevant business units and stakeholders
- Assist Compliance team with regulatory research and regulatory exam preparation while developing an understanding of the compliance regulations and requirements
- Maintain documentation to evidence compliance with the bank’s regulatory change management including regulatory inventory
- Draft concise summaries of regulatory developments, examination activities and compliance updates for internal stakeholders
- Participate in compliance meetings and working groups
- Prepare basic compliance reports, dashboards, and status updates as required
- Support additional compliance projects and initiatives as assigned
Skills
- Bachelor's degree
- Analytical aptitude with the ability to interpret and summarize regulatory information
- Strong written and verbal communication skills
- Attention to detail and accuracy in tracking and preparing information
- Ability to manage multiple assignments, meet deadlines, and collaborate across various teams and levels of management
- Demonstrated professional judgement with the ability to prioritize and escalate issues appropriately
- Internship experience or coursework related to banking, finance, compliance, or regulatory policy
- Familiarity with banking, regulatory agencies, risk, and regulatory frameworks
Benefits
Company Overview
Webster is a commercial bank that provides a range of personal and commercial banking services across several states. It was founded in 1935, and is headquartered in Waterbury, Connecticut, USA, with a workforce of 1001-5000 employees. Its website is https://www.websterbank.com.