Compliance Administrator

Cambridge Trust - A Division of Eastern Bank is hiring a - Compliance Administrator Business Enablement

Hiring Range: $22.74 - $36.55

The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

The Private Banking Compliance Specialist supports the buildout and ongoing execution of Private Banking’s first-line compliance framework. The role exists to help ensure Private Banking can support growth, new initiatives, specialized client needs, and day-to-day business activity. This position serves as Private Banking’s designated Compliance Administrator under the Bank’s Compliance Program and acts as a primary first-line compliance resource for the division.

Key responsibilities include compliance support for business initiatives, procedure development, compliance program administration, regulatory question coordination, self-testing, training follow-up, regulatory change support, SOX and business continuity coordination, audit and examination support, issue tracking, and corrective action follow-up. The role partners with Private Banking leadership and internal stakeholders, including Compliance, Legal, Risk, Internal Audit, Product, Marketing, and other key stakeholders to coordinate compliance deliverables, document decisions, elevate issues, and support timely completion of required actions.

Serves as Private Banking’s designated Compliance Administrator and support execution of the division’s assigned responsibilities under the Bank’s Compliance Program. This includes leading Compliance focused projects, coordinating Compliance Program deliverables, annual reviews, regulatory risk rating reassessments, attending Compliance Administrator meetings, training completion tracking, and communication of relevant compliance updates. This work helps ensure Private Banking meets first-line compliance expectations, maintains a repeatable compliance operating structure while enabling stable and consistent growth of deposits and client base.

• Act as a primary first-line compliance resource for Private Banking personnel by researching, triaging, documenting, and coordinating responses to compliance-related questions. Areas of support may include account opening, AML/CFT, complex entities, client authority, disclosures, Private Banking specific procedures, relationship based servicing, and specialized client scenarios. This work supports growth and client experience by helping the business resolve compliance questions timely, consistently, and with appropriate escalation to Compliance, Legal, Risk, or other subject matter experts when needed.
• Lead the compliance workstream for Private Banking initiatives, new or revised products and services, vendor-related matters, client-facing materials, procedures, and process changes. This includes identifying compliance considerations, gathering stakeholder input, documenting decisions, tracking open items, and supporting implementation of new or revised regulatory requirements. This work helps ensure business initiatives and regulatory changes are implemented in a controlled, compliant, and well documented manner.
• Conduct or coordinate compliance self-testing based on the division’s compliance risk assessment, applicable regulatory risk ratings, and Compliance Program requirements. This includes maintaining work papers, test results, supporting documentation, findings, corrective actions, and required system entries, including Archer where applicable. This works helps identify compliance gaps, support root cause analysis, and track corrective actions through completion.
• Serve as the Private Banking coordinator for assigned SOX, business continuity, and control related activities. This includes supporting control documentation, evidence gathering, control owner follow-up, business continuity plan maintenance, business impact analysis updates, testing or exercise coordination, issue tracking, and documentation…