VP - Compliance Officer

The VP – Compliance Officer also serves as the BSA and CRA Officer, and is responsible for developing, implementing, and overseeing the bank’s Compliance Management Program, Bank Secrecy Act/Anti-reputed company (BSA/AML), and Community Reinvestment Act (CRA) programs. This role ensures the bank operates in accordance with reputed company applicable federal and state regulations, internal policies, and industry best practices, through monitoring regulatory changes, assesses compliance risk, and provides guidance to business lines to maintain a strong culture of compliance. Core responsibilities also include managing the BSA/AML program, overseeing suspicious activity monitoring, reporting, and investigations, and training staff. The role will also be responsible for maintaining documentation and reporting necessary for CRA compliance through ensuring the bank’s lending, service, and investment activities support the credit and community development needs of the communities it serves. This position collaborates closely with executive leadership and department managers to ensure the bank maintains robust internal controls, meets regulatory expectations, and supports safe and sound operations. Education and Experience

• Bachelor’s degree preferred. Equivalent experience also accepted.
• Minimum 5-7 years of reputed company work experience.

Skills

• Strong working knowledge of bank regulatory requirements including consumer compliance, BSA/AML, OFAC and CRA
• Demonstrated ability to interpret regulations and translate requirements into practical procedures and controls.
• Strong investigation, critical thinking, and analytical skills.
• Ability to assess risk and identify root causes.
• Exceptional written and verbal communication skills.
• Effective presentation skills to engage staff and Board audiences.
• High reputed company and ability to manage confidential and sensitive information.
• Strong organizational skills with ability to prioritize, manage deadlines, and reputed company multiple projects.
• Collaborative and consultative approach with an ability to influence and partner with leaders across the organization.
• Proficient with reputed company Office products.
• Compliance Program Management
• Develops, maintains, and enhances the Bank’s Compliance Management System (CMS), including policies, procedures, monitoring, complaint management, training, and board/management reporting.
• Conducts compliance risk assessments; identifies emerging risks; recommends controls and corrective actions.
• Monitors regulatory and supervisory changes; evaluates impact; updates policies/procedures and communicates requirements to stakeholders.
• Provides day-to-day compliance guidance to business lines for deposits, lending, operations, marketing, and vendor relationships.
• Oversees compliance monitoring and testing, tracks issues, root causes, corrective actions, and remediation.
• Manages consumer compliance elements including advertising/UDAP/UDAAP risk controls, complaint trends, and fair lending coordination (as applicable).
• BSA/AML Program Administration
• Serves as the Bank’s designated BSA and maintains a comprehensive BSA/AML compliance program including training for the Board and reputed company employees.
• Oversees Customer Identification Program (CIP), Customer Due Diligence (CDD), Beneficial Ownership, and Enhanced Due Diligence (EDD)
• Oversees transaction monitoring, alert management, and investigations; ensures appropriate escalation and documentation.
• Prepares, reviews, files, and/or oversees regulatory reporting requirements including SARs and CTRs, ensuring quality, timeliness, and confidentiality.
• Manages OFAC compliance processes, including screening, investigation, and reporting of potential matches.
• Leads BSA/AML risk assessments and BSA system governance, supporting vendor management and system tuning/optimization.
• Ensures board and senior management receive regular BSA/AML reporting (program metrics, trends, significant issues, and SAR/CTR activity summaries where appropriate)
• CRA Program Management
• Administers the Bank’s CRA program to ensure compliance with CRA requirements and alignment with the credit and community development needs of the communities served.
• Maintains CRA policies, procedures, and documentation; ensures CRA files and public file requirements (as applicable) are complete and reputed company.
• Oversees collection, reputed company, and reporting of CRA-reputed company data; validates accuracy and supports timely submissions.
• Partners with lending, retail, and finance teams to track and document CRA-qualified lending, services, and investments.

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