VP, Compliance Officer

Patriot Bank•Stamford, CT

67d•Onsite

About The Position

The Compliance Officer supports Patriot Bank's enterprise Compliance Management System (CMS) through oversight, testing, and advisory activities across all business lines. This position plays a key role in administering the Community Reinvestment Act (CRA) Program, supporting the Bank's Fair Lending and Consumer Compliance initiatives, and ensuring compliance with applicable laws, regulations, and Office of the Comptroller of the Currency expectations. The Compliance Officer will work collaboratively with Retail Banking, Lending, Operations, and Digital Payments teams to identify compliance risks, implement controls, and maintain an effective CMS that aligns with the Bank's strategic objectives and applicable regulations.

Requirements

Sound regulatory judgment and analytical ability.
Strong attention to detail and documentation standards.
Proactive approach to identifying and mitigating compliance risk.
Ability to work collaboratively across departments and with senior management.
High degree of professionalism, integrity, and discretion in handling sensitive information.
Requires a high level of tact and integrity due to the frequency of communicating with high-level internal and external contacts, as well as regular exposure to confidential data
Superior written and verbal communication skills
Must be able to work in a fast paced and dynamic environment, handle multiple tasks, consistently meet established deadlines, and deliver exceptional results
Excellent technical skills including Microsoft Office
Bachelor's degree in Business, Finance, Accounting, or related field required.
Minimum 5-7 years of experience in banking compliance, with at least 3 years focused on CRA and consumer compliance.
Strong working knowledge of OCC regulatory requirements and guidance.
Experience preparing for and supporting CRA and Compliance examinations.
Excellent written and verbal communication skills; ability to clearly convey complex regulatory concepts.
Proficiency with CRA/HMDA data systems (e.g., CRA Wiz, HMDA Wiz, or equivalent) and Microsoft Office applications.

Nice To Haves

CRCM or CRA certification preferred.

Responsibilities

Support the implementation and ongoing enhancement of the Bank's Compliance Management System including risk assessments, monitoring, issue management, and reporting.
Monitor compliance with federal and state regulations including CRA, ECOA/Reg B, HMDA/Reg C, FCRA, Privacy/GLBA, Reg E, Reg Z, and UDAAP.
Participate in the review of new and modified products and services, including digital payments, to ensure compliance with applicable laws and regulatory expectations.
Conduct compliance testing and reviews in coordination with the Compliance Testing Plan to evaluate the effectiveness of internal controls.
Support the development and maintenance of compliance policies, procedures, and training programs.
Provide oversight of compliance vendors, third parties, and support compliance related audit activities.
Administer the Bank's CRA Program, including assessment area delineation, performance context, and data management.
Maintain the CRA Public File and ensure accuracy and timeliness of CRA and HMDA data submissions.
Monitor and report on CRA-qualified loans, investments, and community development services, including coordination with the CRA and Board of Directors Committee.
Prepare quarterly CRA performance dashboards and annual summaries for the Compliance Committee, CRA Committee, and Board of Directors.
Partner with business lines to identify CRA-qualified activities and ensure proper documentation and reporting.
Coordinate CRA training and awareness programs for Retail, Lending, and Marketing staff.
Support fair lending monitoring, including analysis of loan data, pricing exceptions, and marketing practices.
Collaborate with Retail Lending and Credit to ensure compliance with ECOA, HMDA, and Fair Housing Act requirements.
Assist in complaint management review and UDAAP risk monitoring.
Participate in the Bank's product review and marketing approval process to ensure adherence to regulatory requirements.
Support the Chief Compliance Officer and Chief Risk Officer in preparing materials for the CRA Committee and Enterprise Risk Management Committee (ERMC).
Track and report status of compliance issues, findings, and remediation to management and Board Committees.
Assist in coordinating responses to regulatory examinations, audits, and OCC information requests.