Bank Compliance Director

Bank Compliance Director

Requirements

• Understand and comply with all regulations, including the Community Reinvestment Act, Bank Secrecy Act, Fair Credit Reporting Act, etc.
• Understands and complies with industry regulations, including the Fair Credit Reporting Act, Bank Secrecy Act, Truth in Savings, Regulation E and D, the Real Estate Settlement Procedures Act, Truth-in-Lending laws, etc.
• Knowledge of the Bank Secrecy Act as well as all other laws, legal codes, court procedures, precedents, government regulations, executive orders, and agency rules that pertain to the banking industry.
• Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• Knowledge of business and management principles involved in strategic planning, resource allocation, production methods, and coordination of resources.
• Knowledge of economic and accounting principles and practices, banking and the analysis and reporting of financial data.
• Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• Managing one’s own time and the time of others.
• Ability to consider the relative costs and benefits of potential actions to choose the most appropriate one.
• Minimum Required: Bachelor’s degree in finance, law, business administration, or a related field. In lieu of a degree, 10 or more years of directly relevant experience may be considered.
• Minimum Required: 5+ years’ in banking compliance, with a focus on credit card, deposits, mortgage, and commercial lending regulations. Experience in fund and venture banking is highly desirable.
• Minimum Required: Certified Regulatory Compliance Manager (CRCM) or the ability to obtain within one year of employment.
• Proficient in Microsoft Excel, Word, PowerPoint, Outlook.

Responsibilities

• Ensure credit card, deposit, treasury management, commercial lending, mortgage, and marketing activities comply with Regulation Z (TILA), Fair Lending Laws (ECOA, FHA), Truth in Savings Act (TISA), Bank Secrecy Act (BSA), and other relevant regulatory requirements.
• Develop and execute risk-based compliance testing and monitoring programs to proactively identify regulatory gaps, reduce risk, and ensure adherence to policies.
• Oversee disclosure requirements, advertising rules, and loan origination compliance under TILA to ensure transparency in lending practices.
• Implement continuous monitoring of transactions, policies, and procedures to detect potential compliance risks.
• Adapt compliance frameworks to support existing and new financial products including fund and venture banking initiatives, as required.
• Assist with developing and providing guidance and training to business line staff on regulatory requirements and compliance best practices.
• Develop and maintain detailed and infographic compliance reports for regulators and senior management.
• Work closely with legal, risk management, credit card, deposit, commercial lending, treasury management, mortgage, and venture banking teams to ensure comprehensive compliance.

Preferred Qualifications

• Experience in fund and venture banking is highly desirable.