What are the responsibilities and job description for the Compliance Director position at True Find Staffing?
Job Overview:
This position is responsible for developing, managing, and advancing the Fair Lending Risk-Based (FRB) Program by leading a team to execute compliance initiatives. The role requires broad experience in Fair Lending and FRB, with a strong focus on applying laws and regulations using advanced statistical and analytical tools. The Director of Compliance will design and oversee a comprehensive FRB Analytics program, focusing on compliance testing related to Fair Lending, UDAAP, HMDA, CRA, and other regulatory expectations.
The successful candidate will be responsible for communicating results clearly to a variety of audiences, including the Board of Directors, Executives, and Regulators, while ensuring high-quality reporting and deliverables.
Responsibilities:
- Lead a team of compliance professionals to manage compliance risk across the organization.
- Provide strategic guidance to business leaders on compliance risks.
- Conduct compliance risk assessments and monitor business units' compliance risk controls.
- Identify and address risks and issues, ensuring timely resolution.
- Develop and maintain policies and procedures to align with regulatory requirements.
- Perform or oversee statistical analysis, communicating results and actionable recommendations.
- Prepare reports and deliver updates to the Board of Directors and other relevant committees.
- Stay current on new and pending regulations and ensure effective change management processes.
- Analyze complex datasets to identify risk trends and develop mitigation strategies.
- Serve as a risk manager, ensuring all activities align with the organization's risk management program.
Qualifications:
- Bachelor's degree required; advanced degree preferred.
- 10 years of related experience, with a focus on compliance and regulatory frameworks.
- Proven management experience in compliance risk management programs.
- In-depth knowledge of federal and state consumer protection laws and banking regulations.
- Strong analytical, communication, and leadership skills.
- Proficient in MS Word, Excel, and PowerPoint.
Preferred Certifications:
- Certified Regulatory Compliance Manager (CRCM) designation preferred.
Role Requirements
- Experience:
- Fair lending background is essential.
- Previous candidates in this role, like the 15-year veteran Fair Lending Officer, underscore the importance of this experience.
- Executive communication skills, as the role involves regular interaction with senior leadership.
- Leadership and Team Structure:
- The position supervises three to four compliance specialists and collaborates with other compliance directors.
- This role reports to the Managing Director of Corporate Compliance and indirectly to higher executives, emphasizing the need for leadership in fair lending initiatives.
