Director Of Compliance

SUMMARY

The Director of Compliance is responsible for the bank-wide administration of the Bank Secrecy Act (BSA) Program, the Fraud Program, the general bank Compliance Program, and serves as Administrator of the Fact Act Red Flag ID Theft Program.  This individual will be responsible for supervising and directing all functions performed within the Compliance area, including oversight of staff.  This individual will be responsible for developing, implementing, and maintaining appropriate monitoring programs, recommending policy and procedural changes, and assisting in employee education and training. This individual will provide support and guidance throughout all levels of the organization in matters relating to the Bank Secrecy Act, the Compliance Program, and the Fraud Program, serving as a resource for management and colleagues in these areas. 

PRIMARY DUTIES/RESPONSIBILITIES:

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.

• Acts as the bank’s Board appointed Bank Secrecy Act Officer and is directly responsible for managing all aspects of the Bank Secrecy Act Program, to include:

• Assists department management with ongoing development, implementation, and compliance with the bank’s Bank Secrecy Act Policy (including Office of Foreign Assets Control Policy, Customer Identification Policy, and high-risk customer programs). 
• Works with department management to identify operational risks as they relate to the Bank Secrecy Act.  Recommends policy, procedure and/or process improvements to reduce deficiencies and enhance overall operational efficiency.
• Ensures the BSA (related) Programs are aligned with the bank’s culture and strategic initiatives.
• Assists department management with recommendations, and evaluation of a risk-based account monitoring system that will ensure compliance with the Bank Secrecy Act.
• Works with the Internal Communications Department to coordinate bank-wide annual training for the Bank Secrecy Act.
• Serves as Compliance Lead for issues related to the BSA program.
• Acts as a resource to bank colleagues to ensure compliance with the bank’s BSA program.
• Responsible for management and Board reporting related to the Bank Secrecy Act. 

• Directly responsible for management of the Compliance Program.

• Ongoing development, implementation, and compliance with the bank’s Compliance Program, ensuring that the program is aligned with the bank’s culture and strategic initiatives.
• Provide supporting information, interpretations, clarifications, and advice to senior management to assist them in making decisions to ensure that the Bank achieves optimum compliance.
• Responsible for monitoring as well as communicating and coordinating implementation of new or changing regulations with appropriate stakeholders.
• Performs ongoing analysis and risk assessments related to all aspects of Compliance, including BSA. 
• Responsible for identification of operational and compliance risks as they relate to the Compliance functions.  Recommends policy, procedure and/or process improvements related to corrective action, as well as reduce deficiencies and enhance overall operational efficiency. 
• Works with the Internal Communications Department to coordinate bank-wide annual training as required for specific regulations.
• Serves as Compliance Lead for several regulations, most notably, Community Reinvestment Act and Fair Lending.
• Acts as a resource to bank colleagues to ensure compliance with the bank’s Compliance Program and federal and state regulations.
• Responsible for management and Board reporting related to the Compliance Program, including but not limited to ongoing reporting related to the Community Reinvestment Act and Fair Lending.
• Acts as the primary contact for regulatory examinations and audits of Compliance.  Participates in response to exam and audit concerns and oversees corrective action of all related compliance deficiencies or violations.

• Oversight responsibility for management and staff in the Compliance area.

• Provides effective coaching for accountability, while providing motivation to inspire continuous improvement of individual/team performance.
• Responsible for the scheduling, coaching and performance evaluations for colleagues within the department.

QUALIFICATIONS

EXPERIENCE REQUIREMENTS:

• Ten years of progressive banking experience demonstrating thorough knowledge of financial transactions and exposure to Compliance regulations., including the Bank Secrecy Act. 
• Five years of progressive banking experience with detailed knowledge of banking deposit operations area and fraud mitigation.
• Five to seven years of experience demonstrating an exceptional level of analytical skill and/or seasoned judgement.

EDUCATION REQUIREMENTS:

• High school degree required.
• Bachelor’s degree highly preferred.
• Bank Secrecy Act certification and Compliance certifications required.

OTHER REQUIREMENTS (SKILLS, ABILITIES, CHARACTERISTICS):

• Challenge driven and goal oriented.
• Excellent interpersonal skills and verbal/written communication skills that will enable the individual to work effectively with all members of the organization, as well as other financial institutions, examiners and law enforcement.
• Thorough knowledge of depository functions, bank products, and core data processing system.

• Solid time management, problem solving and organizational skills with the ability to self- motivate, self-manage, and prioritize multiple tasks to meet prescribed deadlines.  Ability to work both independently (with little to no supervision or interaction with other employees) and/or as a member of a team. Ability to manage, interpret and apply knowledge of relevant banking regulations, including state and federal laws pertaining to banking and fraud.
• Strong analytical, organizational, decision-making, and problem-solving/critical thinking skills.  Must be detail oriented with ability to work accurately resulting in an extremely low error ratio.  

• Consistent support and consideration to customer (internal and external) impact as driven by the bank’s culture.
• Effective coaching skills to maximize individual and team performance.
• Other general skills including excellent PC and both verbal and written skills.  Technical writing experience preferred.

ADDITIONAL INFORMATION

SUPERVISORY RESPONSIBILITY: Yes

WORKING CONDITIONS: Must be able to work within a routine office environment.

AA/EOE M/F/D/V MEMBER FDIC