Compliance Manager

About the position

The Compliance Manager is responsible for overseeing and maintaining the Bank's regulatory compliance program in accordance with regulatory requirements, supervising a team of compliance professionals, and preparing regular reporting to management and the Bank's Audit Committee.

Responsibilities

• Manage maintenance of the bank's schedule for all compliance tests, monitoring activities and risk assessments; reported to the Audit Committee as needed.
• Manage and execute all compliance tests, monitoring activities, and risk assessments, with resulting management reports for distribution to management and the Audit Committee.
• Execute, manage, and validate all regulatory changes, with detailed documentation evidencing the scope of the implementation.
• Oversee regulatory exam preparations, including responses to and fulfillment of examiner requests prior to and during the examination.
• Serve as a point of contact for compliance examinations and audits, with frequent updates to Compliance Department leadership.
• Oversee the Bank's compliance training program, including assignment requirements of computer-based training courses, and maintain documentation to support bank-wide compliance training efforts sufficient to meet regulatory expectations.
• Manage oversight of processes for the scrubbing and reporting of HMDA, CRA and other data required by regulation.
• Review complaint activity reports to ensure that complaints with compliance exposure are sufficiently resolved, and to note trends indicative of emerging compliance risks that require mitigation.
• Coordinate collaboratively with other departments about strategies to direct community development resources to appropriately address any gaps identified through CRA, fair lending, or redlining analysis.
• Oversee processes for the review and approval of all bank marketing and advertising to ensure compliance with advertising regulations.
• Assist the Bank's Compliance Department leadership with compliance management strategy, planning, and special projects.
• Maintenance of strong relationships with all lines of business, providing compliance support, consulting on process, form, and system changes, and answering compliance questions as needed.
• Coach and develop compliance team members to maximize the effectiveness and efficiency of the compliance management team.
• Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection and determent of money laundering and other unlawful activities, as well as regulations pertaining to lending and consumer compliance to include fair lending laws.
• Complete all mandatory annual compliance training.
• Perform other duties and special projects as assigned.
• Maintain confidentiality and security of sensitive information.
• Provide leadership of assigned team, lead efforts in recruitment, interviewing, and training employees, plan, assign, and direct departmental work.
• Coordinate interdepartmental goals to ensure alignment with company goals and vision.
• Coach and provide ongoing performance feedback to employees, set realistic and measurable performance goals, and ensure employees have appropriate professional development opportunities. Effectively manage performance and assist employees to meet established company standards and expectations.

Requirements

• High school diploma or equivalent required.
• 6+ years of experience in a compliance team at a bank with > $1 billion in assets required, including bank compliance management experience.
• Maintenance of Certified Regulatory Compliance Manager (CRCM) certification and related continuing education.
• Familiarity with compliance resources and methods for researching regulatory requirements, pending legislation, regulator communication, and industry best practices.
• Extensive knowledge of compliance testing and monitoring methods, including the use of data analysis software for CRA, fair lending, and redlining compliance.
• Ability to communicate clearly and effectively, including compliance reports, live training events, presentations, and group discussions.
• Proficient in Microsoft Office products.

Nice-to-haves

• Bachelor's degree in a related field.