Chief Compliance Officer

Chief Compliance Officer
The Chief Compliance Officer is responsible for ensuring the bank adheres to applicable laws, regulations, and internal policies, fostering a culture of compliance, and managing compliance risks. The associate oversees the broader development, planning and execution of bank wide compliance programs to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. This job manages multiple teams led by Senior Managers and Managers focused on ensuring compliance while also advising the management team on issues or concerns with the organization's compliance policies. The position involves strategic leadership, risk management, and active collaboration with senior management, legal teams, and external regulators.

Key Responsibilities and Duties

• Supervises the development, implementation and administration of enterprise compliance policies, procedures, programs, training and education, and practices to ensure that the company is in compliance with all relevant laws and regulations.
• Manages team performance through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional compliance programs and to foster team member engagement, motivation and development.
• Directs the thorough investigation of alleged violations of the compliance policies, laws, or regulations pertaining to the company's business by utilizing internal and/or external resources to ensure compliance with relevant laws.
• Liaises with the executive management and Board on all matters relating to compliance, including issues and/or concerns with the organization's compliance policies and risk mitigation strategies. Escalates and reports compliance violations and related issues through appropriate management committee forum.
• Coaches compliance team members through compliance risk assessments, audits, and investigations, while training team members on best practices for identifying potential areas of compliance vulnerability and risk, as well as how to avoid and mitigate compliance risks.
• Oversees appropriate development and implementation of corrective action plans, verifies correction of compliance deficiencies and provides guidance to management team on how to avoid or handle similar situations in the future.
• Serves as a primary point of contact for regulatory compliance matters and examinations to external regulatory entities.
• Provides administrative oversight to a wide variety of bank compliance programs including areas such as AML-BSA, Regulatory Change Management, Compliance Complaint, Fair and Responsible Practices, UDAAP, Ethics, Records Retention, Community Reinvestment Act, Privacy, and Consumer Core compliance.
• Communicates results of compliance and ethics initiatives of the business unit to broader management team, including key takeaways and opportunities for improvement.
• Stays current on changes to laws, regulations, and industry trends, driving continuous improvement to the bank's compliance framework in response to emerging risks and regulatory changes. Promotes a culture of integrity and ethical business practices through the administration and execution of appropriate Ethics and Corporate Governance program.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 10+ Years Required

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
11PL

Preferred Qualifications:

• Advanced degree - Juris Doctor or Masters in a relevant discipline
• Industry Certifications - CRCM, CRC, CIA, etc.

Posting end date: 4/21/25