What are the responsibilities and job description for the Senior Director of Compliance Strategy position at JCW Group?
The Senior Director of Compliance Strategy plays a pivotal leadership role in steering the compliance program of a FDIC-regulated bank. This dynamic position is crucial for ensuring that the bank meets all regulatory requirements established by the FDIC, Consumer Financial Protection Bureau (CFPB), and other relevant federal and state regulators. You will lead a dedicated team of compliance professionals, keeping abreast of regulatory changes, managing internal audits, and implementing robust compliance strategies across all operational facets of the bank.
Key Responsibilities :
- Lead and manage the compliance department, aligning departmental goals with the bank's strategic vision.
- Provide expert guidance, training, and support to compliance staff, cultivating a strong culture of compliance throughout the organization.
- Develop and implement comprehensive policies and procedures to effectively address regulatory compliance across all operations of the bank.
- Provide detailed reports to senior management and the Board of Directors on key compliance issues, risks, and findings from audits or regulatory assessments.
- Stay informed on evolving financial regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Fair Lending laws.
- Lead risk assessments to pinpoint potential areas of regulatory non-compliance within the bank.
- Collaborate with senior management to craft strategies for managing compliance risks and ensuring regulatory adherence across all areas.
- Oversee the execution of corrective actions following compliance audits and regulatory findings.
- Act as the main liaison with regulatory agencies, auditors, and examiners concerning compliance matters.
- Prepare for and manage responses to FDIC and other regulatory examinations and audits, ensuring readiness for addressing any arising issues.
- Conduct internal audits to evaluate the bank's compliance with established policies and regulations.
- Develop and sustain a comprehensive compliance program that adheres to industry best practices and regulatory demands.
Qualifications :
