Compliance Manager

Description

Job Summary:

The Compliance Manager will work to ensure that all regulatory requirements are met and that the bank operates in accordance with applicable laws, regulations, and internal policies.

Primary Responsibilities:

Compliance Related Responsibilities

• Manage the development, implementation, and maintenance of the bank’s comprehensive compliance program, ensuring adherence to applicable federal and state regulations.
• Conduct compliance risk assessments to identify areas of potential compliance vulnerabilities and ensure appropriate mitigation strategies are implemented to reduce risk.
• Performing internal audits to verify adherence to compliance standards, investigating potential violations and documenting findings.
• Responsible for maintaining an annual compliance monitoring schedule (driven by compliance risk assessment) and responsible for tracking findings with business units until resolution occurs.
• Develop, implement, and review compliance policies, procedures, and controls to ensure compliance with relevant laws and regulations. Lead efforts to improve the effectiveness of the bank’s compliance-related processes.
• Ability to interpret, advise, and implement regulatory changes as needed.
• Oversee and promote ongoing training programs for bank employees to ensure compliance awareness throughout the organization, fostering a culture of compliance.
• Work closely with internal audit teams to review and evaluate the bank’s compliance with policies and regulatory requirements. Lead internal investigations when needed and provide recommendations for corrective actions.
• Prepare and present compliance reports, metrics, and dashboards for senior leadership and the Audit & Risk Committee. Lead the Bank’s internal management Compliance Committee meetings. 
• Available as a subject matter expert and resource for questions and training across the organization. Assists with implementation of regulatory changes into business operations in a timely and cost-effective manner.

Supervisory Responsibilities:

• None

Qualifications

Skills and Qualifications:

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

• Bachelor’s degree in Business, Finance, Law, or a related field. A Master’s degree or relevant certifications (e.g., CAMS, CRCM, CCEP) is a plus.
• At least 7-10 years of progressive compliance experience within the banking or financial services industry, with at least 5 years in a management role overseeing compliance functions.
• In-depth knowledge of banking regulations, including but not limited to consumer protection laws, and other applicable regulatory frameworks (e.g., FRB, CFPB, FDIC, OCC).
• Proven ability to lead, mentor, and develop a high-performing compliance team while managing competing priorities in a fast-paced environment.
• Strong problem-solving abilities, with the capacity to assess complex regulatory issues and develop practical solutions.
• Excellent verbal and written communication skills, with the ability to convey complex compliance concepts to both senior management and staff.
• Exceptional attention to detail, ensuring compliance documentation and reporting are accurate and comprehensive.
• Excellent organizational and time management skills, with the ability to provide leadership, supervision and training to employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills.
• Previous experience working with a financial institution of similar size and complexity.
• Familiarity with emerging regulatory trends in the banking industry.
• Proven track record of working effectively with regulators and external auditors.

Physical Requirements:

The physical demands described here are representative of those that must be met to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential functions.

• Ability to sit and/or stand for extended periods of time.
• Occasional walking to assist or meet with clients and colleagues at various locations within the Bank.
• Continuous clarity of vision at 20 inches or less for normal processing of work.
• Repetitive use of hands such as grasping, twisting/turning of wrists, and finger dexterity necessary to perform various clerical duties such as typing, writing, and maintaining files.
• Occasional use of arms such as pushing/pulling to open and close drawers and cabinets.
• Occasional bending and/or reaching for supplies, etc. on both low and high shelves.

Mental Requirements:

• The ability to solve problems, make decisions, supervise others, interpret data, organize information, written and oral communication and read/write.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

Encore Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration without regard to race, color, religion, age, ancestry, citizenship, sex, sexual orientation, gender identity, national origin, marital status, genetic information, physical or mental disability, veteran status or any other characteristic protected by law.