Banking Compliance Vice President

The Banking Compliance Executive/VP serves as a central figure in managing the bank's daily operations, providing essential support to the organization and its clients. This role ensures compliance with regulatory requirements, offers administrative and operational support, and oversees project management and loss mitigation efforts.

Compliance & Risk Responsibilities:

• Establish and oversee enterprise-wide processes for issue management, corrective actions, and compliance with regulatory requirements.
• Develop contingency plans and procedures, including stress testing, to address potential crises impacting operations or financial stability.
• Review audit findings and monitor remediation plans, fostering a strong risk and control culture.
• Lead and manage the Risk Manager, BSA/AML Compliance department, and related activities.
• Implement an enterprise-wide Compliance Program aligned with the bank’s Compliance Management System (CMS).
• Oversee the development of operational policies driven by regulatory requirements (e.g., Reg W, Privacy, Flood, HMDA, CRA).
• Review and address BSA/AML policies, procedures, and escalations in collaboration with the BSA/AML Manager.
• Investigate compliance violations, implement corrective actions, and prevent recurrence.
• Coordinate annual risk assessments, including compliance management, fair lending, identity theft, and UDAAP.
• Serve as liaison between the Bank and regulatory authorities.
• Ensure integration and maintenance of IT systems supporting risk management.
• Oversee risk management tools, methodologies, policies, and Board approvals.
• Manage the vendor management program, outsourcing initiatives, and technology upgrades.
• Provide clear guidance to the Business Management team on strategic initiatives.

Project Management Program Responsibilities:

• Oversee the organization’s Project Management Program to ensure alignment with strategic objectives.
• Support project managers throughout the project lifecycle across the enterprise.
• Lead and guide the project management team, ensuring optimized timelines, budgets, and resources.
• Serve as a liaison between executive leadership and project teams, communicating progress, risks, and solutions.
• Collaborate with senior leaders to prioritize strategic, business-aligned projects.
• Partner with internal and external stakeholders to ensure successful project execution.
• Build relationships with regulatory agencies to maintain compliance.
• Promote continuous improvement through team development, including PMP certification and training.

Legal & Loss Mitigation Responsibilities:

• Ensure compliance with federal, state, and local banking laws (e.g., FDCPA, UCC, bankruptcy laws).
• Draft, review, and negotiate legal documents, including agreements, contracts, and settlements.
• Provide legal guidance to internal teams and coordinate with external counsel on lawsuits.
• Represent the bank in small claims or administrative hearings as needed.
• Draft and update risk management, credit, and compliance policies.
• Collaborate with credit and risk teams to identify and mitigate losses.
• Oversee foreclosure proceedings and manage bankruptcy filings to ensure compliance and timely claims.
• Track and report on loss mitigation efforts, providing insights on trends, risks, and improvements to senior management.

Requirements:

• Bachelor's degree and advanced degree in Business Administration, Information Science, Law, or related field.
• 10 years of management experience.
• CRCM or CCBCO certification required; CAMS preferred.
• Process management training or familiarity; CDFI experience a plus.
• Experience with banking regulators and strong financial services background; prior banking experience preferred.
• Proven problem-solving, leadership, and supervisory skills in complex settings.
• Strong analytical, interpersonal, communication, and presentation skills.
• Ability to detect trends, recommend innovative changes, and collaborate across departments and with external counsel.
• Capable of managing multiple priorities and leading team efforts.
• Commitment to compliance with federal/state regulations, risk obligations, and required training.