Job Description

Job Description

Job Description

The Chief Compliance Officer (“CCO”) is responsible for leading the Company's compliance strategy, including proactive execution and on-going enhancement of the Compliance Management System ("CMS") and preparing the organization for regulatory and operational changes associated with being an FDIC-Large Insured Depository Institution and a Covered Institution subject to the direct supervision of the Consumer Financial Protection Bureau. The CCO ensures that the Company's CMS is robust, scalable and collaborative with partners across the three lines of defense. The CCO leads and develops the internal compliance team and coordinates with third-party firms to support complex regulatory compliance monitoring. The CCO is a strategic leader who drives Company adherence to regulatory requirements and internal policies while fostering a culture of compliance and integrity.

Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Compliance Management System (CMS) Oversight

1. Develop, implement, manage, assess and advance the Company’s CMS; areas include but are not limited to policies, procedures, risk assessments, regulatory change management, training, monitoring and complaints response
2. Ensure CMS aligns with regulatory expectations, industry best practices and internal risk appetite
3. Oversee compliance monitoring, reporting and issues management processes
4. Collaborate with business units and across the lines of defense to integrate compliance expectations into operational processes
5. Partner with business leaders to identify, support and address potential emerging risks and issues

Asset Threshold Preparation

1. Develop and execute a comprehensive compliance roadmap for regulatory and operational readiness in alignment with the Company’s growth strategy
2. Ensure robust management of delivery targets, with clear change control as needed
3. Evaluate on-going delivery to align program with evolving expectations

Leadership & Governance

1. Provide senior level leadership through expert-level understanding of the consumer regulatory requirements and business acumen
2. Serve as a key advisor to senior leadership and the Board of Directors on compliance matters
3. Provide regulatory reports and updates to the Board of Directors and its committees as well as senior management on compliance risks, trends and program effectiveness

Regulatory Engagement

1. Act as the primary liaison between the federal and state regulators on compliance-related matters
2. Lead responses to regulatory examinations, audits and inquiries
3. Monitor regulatory developments, proactively assessing the impacts of proposed legislation and regulatory guidance and guiding integration / implementation of changes into the CMS

Team Development

1. Build, mentor and lead a high-performing compliance team, promoting professional development and certifications ( e.g., CRCM)
2. Foster a culture of accountability, transparency and continuous learning
3. Encourage tools and automation to support team member efficiency and effectiveness in delivery

Other Duties

1. Comply with all policies and procedures as applied to the Company's BSA/AML policy
2. Perform other duties as assigned

Skills/Abilities

1. Thorough knowledge of Deposit and Lending related consumer compliance regulations in a large bank setting
2. Strong problem solving and analytical skills, with the ability to interpret complex regulatory requirements and apply them to the Company’s operational needs
3. Excellent written and verbal communication skills, with the ability to work collaboratively with senior management and regulatory bodies
4. Effective influence and coaching skills
5. Microsoft Office Suite experience

Supervisory Responsibility

This position has supervisory responsibilities.

Work Environment

This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and opening cabinets. This position requires bending, stooping or standing, as necessary.

Travel

Travel will be required for this position (approximately 10%-15%)

Education and Experience

1. 4-year college degree required; Graduate or Law Degree preferred
2. Ten years of experience in compliance, risk management or a similar role in the financial services industry, with at least 5 years in a leadership role
3. Certification through CRCM or similar preferred
4. Experience managing a CMS and preparing for significant regulatory milestones
5. Experience working within and influencing matrixed teams

Equal Employment Opportunity/M/F/disability/protected veteran status

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Equal Opportunity/Affirmative Action Employer M/F/disability/protected veteran status

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