Job Description

The Senior Director, Compliance is a leadership role within a FDIC-regulated bank responsible for overseeing and managing the bank’s entire compliance program. This individual ensures that the bank adheres to all applicable regulatory requirements, including those set by the FDIC, Consumer Financial Protection Bureau (CFPB), and other federal and state regulators. This person will lead a team of compliance officers, maintain a comprehensive understanding of regulatory changes, manage internal audits, and ensure the development and implementation of effective compliance strategies across all areas of the bank’s operations.

Key Responsibilities:

• Lead and manage the compliance department, ensuring the alignment of departmental objectives with the bank’s overall strategic goals.
• Provide guidance, training, and support to compliance staff, fostering a culture of compliance throughout the organization.
• Develop and implement policies and procedures to address regulatory compliance issues across all bank operations.
• Report to the bank’s senior management and Board of Directors on compliance matters, including significant issues, risks, and findings from audits or regulatory examinations.
• Stay current on changes to financial regulations, including updates to Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), Regulation Z (Truth in Lending), Home Mortgage Disclosure Act (HMDA), Fair Lending laws, and others.
• Lead the risk assessment process to identify potential areas of regulatory non-compliance within the bank.
• Work with the senior management team to develop strategies for managing compliance risks, mitigating exposure, and ensuring compliance in all areas of the bank’s operations.
• Oversee the implementation of corrective actions in response to compliance audits, regulatory findings, or internal risk assessments.
• Serve as the primary point of contact for regulatory agencies, auditors, and examiners regarding compliance matters.
• Oversee preparation for and manage the response to FDIC and other regulatory exams and audits, ensuring that the bank is fully prepared and able to address any issues that arise.
• Develop and lead internal audits to assess the bank’s adherence to compliance policies and regulatory requirements.
• Develop, implement, and maintain a comprehensive compliance program that aligns with industry best practices and regulatory requirements.

Qualifications:

• Minimum of 7-10 years of experience in compliance or regulatory roles within a regulated financial institution, with at least 5 years in a leadership capacity.
• Extensive experience with consumer protection and financial crime regulations
• Proven experience in managing audits, examinations, and regulatory interactions.

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