VP Enterprise Compliance (Hybrid)
About the position
This position is available as a hybrid position in our Wilmington, DE or Sioux Falls, SD office.
Manages and administers the bank’s compliance risk management program in collaboration with the Compliance Officer.
Responsibilities
• Keeps abreast of relevant consumer protection laws, regulations, and supervisory guidance applicable to the assigned business line, (i.e., “Alphabet” of consumer and credit regulations such as, but not limited to B, C, E, F, G, M, O, P, V, X, Z, CC, DD) and other laws for example, but not limited to, E-SIGN, 1099 IRS rules, and ID Theft. Informs management, clients and interested parties of new and modified compliance requirements.
• Trains internal and external clients on compliance requirements through a variety of methods including one on one or staff meetings, memos, educational presentations, and providing guidance on specific situations.
• Reviews and updates policies, procedures and disclosures as needed for adherence with applicable laws and regulations. Assists in the development of compliance-related policies and procedures.
• Assists in creating and maintaining company standards related to higher risk products, services, and practices. Ensures documentation and training materials are current to minimize risks.
• Performs compliance reviews and risk assessments on new programs and initiatives.
• Performs ongoing evaluation of third parties requiring enhanced oversight.
• Participates in onsite due diligence reviews of key third party service providers.
• Reviews elevated marketing materials for adherence to regulatory requirements and bank standards, providing guidance and advice to bring the materials into compliance.
• Oversees monitoring and testing to ensure that activities are completed in accordance with approved schedules. Identifies corrective action and follows up to ensure implementation.
• Builds and maintains close working partnerships with internal stakeholders and external clients to ensure they seek advice and counsel when needed on compliance issues.
• Prepares and presents compliance reports and executive summaries of compliance activities including concerns, issue trends and patterns, etc. and discuss recommendations for initiating additional controls and audits.
• Acts as a subject matter expert, advising the team, other departments and clients on day-to-day, elevated, and complex compliance issues, rules, and regulations. Partners with internal and external stakeholders to develop solutions and recommendations to meet compliance needs.
• Assists in the management of compliance-related audits and examinations. Gathers relevant documentation as requested, meets with auditors to respond to questions, prepares audit responses as needed, and implements actions recommended by auditors and examiners.
• Performs other duties as assigned.
Requirements
• Undergraduate degree in business or a related field or an equivalent combination of training and experience.
• 10 years of compliance experience in the banking or financial services industry.
• Extensive knowledge of federal consumer protection laws and regulations.
• Excellent verbal, written, and interpersonal communication skills.
• Ability to simultaneously prioritize and manage multiple projects and deadlines.
• Comprehensive working knowledge of consumer and commercial banking laws and regulations.
• A team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook. Experience in relational databases (Quick Base and Archer) is preferred.
• No travel required.
Nice-to-haves
• CRCM certification preferred.
Apply tot his job
Apply To this Job
This position is available as a hybrid position in our Wilmington, DE or Sioux Falls, SD office.
Manages and administers the bank’s compliance risk management program in collaboration with the Compliance Officer.
Responsibilities
• Keeps abreast of relevant consumer protection laws, regulations, and supervisory guidance applicable to the assigned business line, (i.e., “Alphabet” of consumer and credit regulations such as, but not limited to B, C, E, F, G, M, O, P, V, X, Z, CC, DD) and other laws for example, but not limited to, E-SIGN, 1099 IRS rules, and ID Theft. Informs management, clients and interested parties of new and modified compliance requirements.
• Trains internal and external clients on compliance requirements through a variety of methods including one on one or staff meetings, memos, educational presentations, and providing guidance on specific situations.
• Reviews and updates policies, procedures and disclosures as needed for adherence with applicable laws and regulations. Assists in the development of compliance-related policies and procedures.
• Assists in creating and maintaining company standards related to higher risk products, services, and practices. Ensures documentation and training materials are current to minimize risks.
• Performs compliance reviews and risk assessments on new programs and initiatives.
• Performs ongoing evaluation of third parties requiring enhanced oversight.
• Participates in onsite due diligence reviews of key third party service providers.
• Reviews elevated marketing materials for adherence to regulatory requirements and bank standards, providing guidance and advice to bring the materials into compliance.
• Oversees monitoring and testing to ensure that activities are completed in accordance with approved schedules. Identifies corrective action and follows up to ensure implementation.
• Builds and maintains close working partnerships with internal stakeholders and external clients to ensure they seek advice and counsel when needed on compliance issues.
• Prepares and presents compliance reports and executive summaries of compliance activities including concerns, issue trends and patterns, etc. and discuss recommendations for initiating additional controls and audits.
• Acts as a subject matter expert, advising the team, other departments and clients on day-to-day, elevated, and complex compliance issues, rules, and regulations. Partners with internal and external stakeholders to develop solutions and recommendations to meet compliance needs.
• Assists in the management of compliance-related audits and examinations. Gathers relevant documentation as requested, meets with auditors to respond to questions, prepares audit responses as needed, and implements actions recommended by auditors and examiners.
• Performs other duties as assigned.
Requirements
• Undergraduate degree in business or a related field or an equivalent combination of training and experience.
• 10 years of compliance experience in the banking or financial services industry.
• Extensive knowledge of federal consumer protection laws and regulations.
• Excellent verbal, written, and interpersonal communication skills.
• Ability to simultaneously prioritize and manage multiple projects and deadlines.
• Comprehensive working knowledge of consumer and commercial banking laws and regulations.
• A team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook. Experience in relational databases (Quick Base and Archer) is preferred.
• No travel required.
Nice-to-haves
• CRCM certification preferred.
Apply tot his job
Apply To this Job