Director of Compliance Advisory

Towne Bank•Suffolk, VA

68d

About The Position

The Director, Compliance Advisory performs a key risk management role by ensuring enterprise-wide initiatives and processes comply with applicable laws and regulations. While working within the Compliance Management Program framework, the Director, Compliance Advisory manages a team of Compliance Officers responsible for delivering quality results, providing compliance advice and guidance to business lines as subject matter experts, and executing or participating in corporate risk management processes.

Requirements

College Degree, preferably in business, finance or law or equivalent industry certification.
8 to 10 years in bank regulatory compliance or equivalent financial services experience.
Excellent research and decision-making skills.
Experience managing a team and providing career development mentoring and holding team accountable to individual and department goals.
Proven ability to manage multiple priorities with a sense of urgency and calm professionalism.
High degree of emotional intelligence and ability to build trust across levels and functions.
Excellent written, verbal and interpersonal communication skills, computer proficiency and eye for detail.
Ability to review regulatory changes and implement such changes prior to the set mandatory compliance date.
Ability to adapt to an ever-changing banking and regulatory environment.
Ability to support and promote corporate wide strategic plan.

Nice To Haves

CRCM certification preferred
Previous experience as a Compliance Manager for a large bank (in excess of $10 billion)
Knowledgeable of product and service operations for various types of financial service products, i.e. insurance and investment

Responsibilities

Leading a team of Compliance Advisors who provide guidance on applicable regulatory compliance requirements.
Provide the Director of Consumer Compliance and other Management stakeholders with regulatory compliance advice and guidance on current and emerging risks impacting TowneBank and its affiliate companies, as necessary.
Assist the Director of Consumer Compliance with ensuring the Compliance Advisory function remains relevant and right sized for the bank's growth and complexity.
Provide effective challenge and guidance on compliance risks and supporting business line through various interactions and forums.
Lead and advise on due diligence and integration efforts.
Assess operational breakdowns for compliance risk and providing guidance on remediation/recovery plans.
Provide guidance on controls over compliance requirements and business line monitoring of those controls.
Maintain subject matter expertise of applicable laws and regulations and Compliance Risk Management framework.
Maintain understanding of business line operating processes, strategies, products, and services.
Support business line by providing expert advice and influencing changes to processes, procedures, and controls to mitigate compliance risk.
Determine compliance requirement applicability to business line products and processes.
Advise business line on compliance requirement applicability for new products and/or processes, vendor relationships and changes in law or regulation.
Conduct compliance risk assessment of new products and initiatives and advise business of compliance and associated risks
Support business during new product and initiative implementation.
Review new/revised business line policies, standards and procedures.
Assist Compliance Operations with determining appropriate LOB training audience, delivery channel(s), and training frequency for compliance training.
Review business line training materials with compliance related content for accuracy and completeness.
Provide business line guidance on developing and executing controls and monitoring plans.
Assess operational breakdowns for compliance risk and provide guidance on remediation/recovery plans.
Identify trends in data and advise on identified emerging risks.
Review business line performance and escalate high risks and issues.
Communicate compliance risk appetite and key performance metrics to business line and monitor business plans to ensure compliance risk remains within approved appetite.
Evaluate Internal Audit, regulatory exam, and self-identified issues and events for compliance impacts.
Monitor external compliance environment, emerging risks, regulatory focus areas.
Assist business line in developing and maintaining their Compliance Management Program.
Stay current on the regulatory environment and expectations through discussions with peers, seminars, webinars, roundtables, bankers' associations, etc.
Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
Other duties as assigned.