Compliance Manager

Burke & Herbert Bank•Richmond, VA

48d

About The Position

The Compliance Manager is responsible for championing the Company's proactive execution and on-going enhancement of the Compliance Management System ("CMS") and supporting efforts to prepare the organization for regulatory and operational changes associated with being an FDIC-Large Insured Depository Institution and a Covered Institution subject to the direct supervision of the Consumer Financial Protection Bureau. The Compliance Manager's primary focus is on influencing the evolution of the CMS through targeted assessment delivery, business line outreach, facilitation of exams and audits and coordination with third-party firms on complex regulatory compliance monitoring. The Compliance Manager is instrumental in ensuring the Company's adherence to regulatory requirements, collaborating with partners across the three lines of defense and fostering a culture of compliance and integrity. Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Provide leadership, supporting the Chief Compliance Officer and Company team members through his/her thorough knowledge and understanding of deposit and lending compliance requirements, awareness of the regulatory environment and overall business acumen Engage in proactive assessment of the Bank's CMS; areas include but are not limited to policies, procedures, risk assessments, regulatory change management, training, monitoring, complaints response and audit and exam management Ensure CMS aligns with regulatory expectations, industry best practices and internal risk appetite Act as a trusted advisory, partnering with business leaders to identify, support and address potential emerging risks and issues Collaborate with business units and across the lines of defense to integrate compliance expectations into operational processes to ensure on-going compliance with laws and regulations Support on-going development and delivery of the comprehensive compliance roadmap for regulatory and operational readiness in alignment with the Company's growth strategy Provide regulatory reports and updates to senior management and business partners on compliance risks, trends and program effectiveness Seek opportunities to support on-going efficiencies through automation, process simplification and cross-functional collaboration Support a culture of accountability, transparency and continuous learning, leading by example and through peer coaching Complete his/her duties with discretion and confidentiality reflecting the sensitive nature of the work; be comfortable working under a deadline Other Duties Comply with all policies and procedures as applied to the Company's BSA/AML policy Perform other duties as assigned

Requirements

Thorough knowledge of deposit, lending and overall consumer compliance regulations as applicable in a large bank setting
Excellent written and verbal communication skills, with the ability to work collaboratively within and across teams and with senior leaders and regulators
Strong problem solving and analytical skills, with the ability to interpret complex regulatory requirements and apply them to the Company's operational needs
Sound judgment and decision-making ability
Effective influence and coaching skills
Microsoft Office Suite experience
4-year college degree required
Eight years of experience in compliance, risk management or a similar role in the financial services industry

Nice To Haves

Graduate or Law Degree preferred
Certification through CRCM or similar preferred
Experience managing a CMS and preparing for significant regulatory milestones preferred
Experience working within and influencing matrixed teams

Responsibilities

Provide leadership, supporting the Chief Compliance Officer and Company team members through his/her thorough knowledge and understanding of deposit and lending compliance requirements, awareness of the regulatory environment and overall business acumen
Engage in proactive assessment of the Bank's CMS; areas include but are not limited to policies, procedures, risk assessments, regulatory change management, training, monitoring, complaints response and audit and exam management
Ensure CMS aligns with regulatory expectations, industry best practices and internal risk appetite
Act as a trusted advisory, partnering with business leaders to identify, support and address potential emerging risks and issues
Collaborate with business units and across the lines of defense to integrate compliance expectations into operational processes to ensure on-going compliance with laws and regulations
Support on-going development and delivery of the comprehensive compliance roadmap for regulatory and operational readiness in alignment with the Company's growth strategy
Provide regulatory reports and updates to senior management and business partners on compliance risks, trends and program effectiveness
Seek opportunities to support on-going efficiencies through automation, process simplification and cross-functional collaboration
Support a culture of accountability, transparency and continuous learning, leading by example and through peer coaching
Complete his/her duties with discretion and confidentiality reflecting the sensitive nature of the work; be comfortable working under a deadline
Comply with all policies and procedures as applied to the Company's BSA/AML policy
Perform other duties as assigned