Our client, Leading Bank, is looking for a VP Senior Compliance Officer to join their growing team.
13th September, 2022
Location (s): Los Angeles, CA; New York/New Jersey; Boston, MA; Minneapolis, MN; or Raleigh, NC; or Charlotte, NC
Job Synthesis & Description
The Senior Consumer Compliance Officer is responsible for managing and maintaining assigned areas of the compliance program covering consumer including monitoring business area compliance with applicable laws and regulations, ensuring controls are in place to mitigate compliance risk. Maintaining regulatory change management, policies and procedures, training, and advisory matters for lending and deposit compliance. This role is responsible for directly managing members of the Consumer compliance team with oversight of periodic analysis of the Bank's Consumer portfolios, assisting business areas to implement corrective actions or procedural changes, and applying a risk-based approach.
Serve as a compliance subject matter expert for assigned areas.
Review marketing materials for business areas or products including credit card, mortgage, small business, and consumer (lending or deposit) ensuring materials comply with regulatory and business standards.
Manage regulatory change management and participate with business areas supported such as consumer, in addition to other business areas or support functions (Finance, Technology).
Monitor legislative/regulatory/enforcement activity and trends for impacts to business line activities.
Provide compliance advice and guidance to business areas and with assigned business projects.
Assist with regulatory examination and serve as liaison with regulators.
Manage assigned staff and conduct appropriate coaching to colleagues on interpretation and application of regulatory requirements to business processes.
Develop and maintain compliance policies and standards that address key risk activities. Implement any corrective actions or risk mitigation measures and track, report and validate corrective actions.
Provide support in risk assessments and internal audits.
Review and document procedures to ensure secure maintenance and quality of records.
Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
Bachelor's Degree Minimum 7 years of lending, compliance, and regulatory reporting. Minimum 5 years of financial services experience
Advanced knowledge of banking compliance laws and regulations, as related to lending, deposits, payments, and bank operations (Examples include but are not limited to: ECOA/Regulation B, FCRA, Regulation E, Flood Disaster Protection Act, Truth in Savings Act, Regulation CC, SCRA, HMDA, RESPA, TILA, Regulation O, Regulation W.
Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate issues to appropriate levels of management.
Ability to interact with federal regulatory agencies.
Ability to operate effectively in a fast-paced environment.
Excellent organizational and analytical skills.
Ability to communicate clearly and professionally with all levels of an organization.
Excellent written and verbal communications skills. Effective interpersonal skills.
Excellent time management skills and be accustomed to working with deadlines.