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Compliance Manager - Needed ASAP! in Richmond at Vaco

Date Posted: 4/11/2019

Job Snapshot

Job Description

The Compliance Manager is responsible for assisting in the establishment and execution of internal strategies, policies, procedures, processes, and programs to prevent violations of laws, rules, and regulations; and implementing a compliance program that meets the needs of the business and customers and maintains consistency with the bank's risk framework.

Key Accountabilities:

  • Manages and administers policies, programs, procedures and bank initiatives necessary to ensure the bank's compliance with laws and regulations.
  • Establishes and continuously improves a consistent operating framework for the identification, management, monitoring, and reporting of compliance risks and issues.
  • Maintains proficient knowledge of laws, regulations, and guidelines with which the bank must comply.
  • Facilitates implementation of changes required by new or amended laws and regulations, ensuring that officers and employees are properly informed of and trained in changes in laws and regulations.
  • Monitors the bank's compliance activities on a day-to-day basis
  • Researches and responds to compliance questions posed by bank officers and employees.
  • Provides research assistance and guidance to departments regarding the compliance requirements for implementing new bank products and services.
  • Develops and administers an ongoing, appropriate, and effective compliance training program for all bank personnel.
  • Develops an appropriate compliance communication strategy and facilitates the implementation across the bank
  • Supports the activities of the bank's Bank Secrecy Act Committee, including review of all Suspicious Activity Reports (SAR's) submitted by the bank.
  • Compiles and maintains all necessary documentation to evidence the bank's compliance with the reporting and disclosure requirements of Regulation O (Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks).
  • Researches and responds to consumer inquiries and complaints regarding the bank's regulatory compliance program.
  • Monitors the bank's lending practices to ensure that the bank's goals and objectives in regard to the fair, equitable, and non-discriminatory treatment of all borrowers are met.
  • Provides support between regulatory personnel and/or independent auditors and bank personnel during regulatory compliance examinations and audits. Assists in modifying departmental procedures to address audit issues identified.

Work Experience Requirements:

  • Bachelors Degree
  • Minimum of five years of bank regulatory compliance or examination experience.
  • Five years of management experience
  • Certified Regulatory Compliance Manager (CRCM)
  • Association of Certified Anti-Money Laundering Specialist (CAMS) preferred
  • Excellent computer skills with knowledge of Microsoft Office Suite, Power Point and internet
If you are interested, please apply ASAP!