VP Regulatory Compliance

Job Description

Description :

Role Definition : Develop, manage, and market compliance services for use and distribution to association members by performing the following duties.

I. Working manager providing supervision and direction to compliance department staff ensuring employees are trained in specialized knowledge areas. Communicate overall strategic direction with staff to ensure a shared vision. Exhibit strong management skills and effectively coaches the compliance team. Create an environment which encourages the team to developmentally stretch themselves and assist team in reaching their professional goals. Identify team strengths to be efficient in work.

II. Oversee development, production and distribution and improvement of all compliance activities; including but not limited to compliance internal and external training, compliance publications, web-site resources, hotline support, regulatory relations, consulting services. Take ownership of team deliverables and drive to assist member banks with their compliance programs.

III. Exhibit a comprehensive understanding of compliance issues and maintains a current knowledge of regulations with emphasis in the areas of assigned responsibility. Demonstrate a reputation for expertise both internal and external.

IV. Develop strategic direction for the compliance department and prepare a budget that fits within the parameters of the long-term, strategic plan.

V. Coordinate the production and distribution of compliance bulletins and other publications including, but not limited to, the Compliance Clips, Compliance Briefs, Disclosure, Regulatory Bulletin, and comment letters. Exhibit excellent business writing skills.

VI. Act as liaison with the Compliance Committee, organizing meetings, soliciting input on how to evolve business, improve results, and implement member recommendations.

VII. Assist Education Coordinator with planning compliance educational events including school, conference, seminars, and webinars. Serve as an instructor and trainer when appropriate.

VIII. Review the implications of new or revised laws affecting members and responds to inquiries. Represent industry interests to regulatory agencies by commenting on proposed rules. Maintain log of responses to compliance calls and e-mails to Compliance Hotline.

IX. Provide representation and influence for the IBA through participation in governmental and industry committee work exhibiting diplomacy and professionalism in all interactions.

Requirements :

Required Education : Bachelor's Degree from four year college or university.

Required Work Experience : Five to seven years of compliance / audit or bank management experience; or equivalent combination of education and experience.

Technology Skills : Basic word and excel.

Required Skills or traits for the position : Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, law books, guidance documents. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Specialized Training / Certifications : CRCM preferred or obtained within first year of employment.

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