Compliance LOB Advisor--Consumer Deposits (Hybrid--Richmond, VA)

Atlantic Union Bank Careers•Glen Allen, VA

4d•Hybrid

About The Position

The Compliance LOB Advisor shall be responsible for assessing regulatory risk within the AUB Lines of Business (“LOBs”) which includes advising LOBs on deposit product & services compliance risks, managing and performing compliance risk assessments, and consulting with business units to ensure they develop/maintain adequate controls to mitigate the risk appropriately and complying with applicable state and federal laws/regulations. Position Accountabilities Engage as Compliance primary point of contact to 1LOD line of business unit, offering advice and guidance on the identification and remediation of regulatory risks and to serve as a credible effective challenge to the 1LOD. Schedule, manage, and perform compliance reviews to assess performance, risks, internal controls and adherence to regulatory requirements for supported LOBs. Interpret, perform, and provide research on compliance and regulatory questions impacting the bank's operations and performance. Identify risks, root cause, control weaknesses or gaps through compliance risk assessments and work with LOB management to correct deficiencies. Effectively communicate results of compliance risk assessments and related recommendations to 1LOD and 2LOD leadership. Review, update and create (when necessary) relevant compliance owned policies and procedures to ensure appropriate Compliance oversight for supported LOBs. Provide Compliance oversight of supported LOBs and participate in the development and implementation of new products, processes and initiatives within the 1LOD. Participate in the development and review of marketing campaigns and materials to ensure compliance and associated risks with advertising are addressed. Escalate and report any potential violations of law or regulations to 2LOD leadership. Work with Compliance Manager to maintain, enforce, and strengthen Atlantic Union's Compliance Program. Engage with other Compliance teammates and Enterprise Risk Teammates to ensure complete risk identification and remediation plans. Stay abreast of changes to federal and state banking laws and regulations affecting product offerings and areas of operations at Atlantic Union; inform management of impacts of changes. Assist with research, dissemination and implementation of new and updated regulatory requirements. Adhere to all applicable laws and regulations governing bank functions, including compliance with Atlantic Union Compliance Program and associated policies and procedures. Assist with development, review, publishing and delivery of compliance related training materials. Obtain necessary training to keep current on regulatory compliance and bank functions. Assist Compliance Manager with coordination and preparation for Regulatory exam; support 1LOD in meeting deliverables for audits and exams with compliance impacts. Review and assess complaints received for supported LOBs. Manage/supervise compliance advisory staff. Perform oversight review of testing plans, SLAs, and result memos for assigned LOBs for accuracy and completeness. Coordinate advisory input to compliance committee materials. Performs other duties as assigned.

Requirements

Bachelor's Degree preferred
Five plus years’ industry banking experience to include; lending, deposits, banking operations, and commercial.
Certification as a Certified Regulatory Compliance Manager (CRCM) required (if not certified at time of hire, must obtain certification within a reasonable timeframe)
Analytical skills, particularly with trending and reporting
Demonstrated knowledge of federal and state banking laws and regulations.
Demonstrated understanding of Compliance Management and Regulatory Best Practices.
Excellent communication skills, both verbal and written.
Well organized with attention to detail
Ability to manage multiple priorities
Flexible, able to adapt to change
Superior time management and problem solving skills
Ability to work independently as well as within a team environment
Advanced knowledge of Microsoft Office software
Working knowledge of banking software programs preferred

Responsibilities

Engage as Compliance primary point of contact to 1LOD line of business unit, offering advice and guidance on the identification and remediation of regulatory risks and to serve as a credible effective challenge to the 1LOD.
Schedule, manage, and perform compliance reviews to assess performance, risks, internal controls and adherence to regulatory requirements for supported LOBs.
Interpret, perform, and provide research on compliance and regulatory questions impacting the bank's operations and performance.
Identify risks, root cause, control weaknesses or gaps through compliance risk assessments and work with LOB management to correct deficiencies.
Effectively communicate results of compliance risk assessments and related recommendations to 1LOD and 2LOD leadership.
Review, update and create (when necessary) relevant compliance owned policies and procedures to ensure appropriate Compliance oversight for supported LOBs.
Provide Compliance oversight of supported LOBs and participate in the development and implementation of new products, processes and initiatives within the 1LOD.
Participate in the development and review of marketing campaigns and materials to ensure compliance and associated risks with advertising are addressed.
Escalate and report any potential violations of law or regulations to 2LOD leadership.
Work with Compliance Manager to maintain, enforce, and strengthen Atlantic Union's Compliance Program.
Engage with other Compliance teammates and Enterprise Risk Teammates to ensure complete risk identification and remediation plans.
Stay abreast of changes to federal and state banking laws and regulations affecting product offerings and areas of operations at Atlantic Union; inform management of impacts of changes.
Assist with research, dissemination and implementation of new and updated regulatory requirements.
Adhere to all applicable laws and regulations governing bank functions, including compliance with Atlantic Union Compliance Program and associated policies and procedures.
Assist with development, review, publishing and delivery of compliance related training materials.
Obtain necessary training to keep current on regulatory compliance and bank functions.
Assist Compliance Manager with coordination and preparation for Regulatory exam; support 1LOD in meeting deliverables for audits and exams with compliance impacts.
Review and assess complaints received for supported LOBs.
Manage/supervise compliance advisory staff.
Perform oversight review of testing plans, SLAs, and result memos for assigned LOBs for accuracy and completeness.
Coordinate advisory input to compliance committee materials.
Performs other duties as assigned.