The Director – Regulatory Strategic Initiatives will ensure that regulatory changes, advice and guidance is appropriately validated and reconciled against key enterprise-wide operations and initiatives. This role will provide adequate and consistent communication of emerging regulatory risks to the Enterprise. The Director- Regulatory Strategic Initiatives will also ensure the identification, assessment, monitoring, management, and reporting of regulatory risks appropriately align with risk appetite, capacity, and tolerance levels. . This role must have the ability to adapt previous experience and industry leading practices to fit the Bank. The position works closely with the Chief Compliance Officer and partners with First Line of Defense, Second Line Compliance and Fair Lending Advisors and is considered of strategic importance in the Bank’s regulatory risk management framework.

Position Accountabilities

• Design, implement and maintain a process to identify emerging regulatory risks and assess the impact to the Bank’s products and processes.
• Influence the strategic direction of the Compliance Management System (CMS)for the enterprise to ensure consistency with the broader regulatory environment.
• Identify and maintain awareness of the Bank’s product offerings and processes, including planned changes and additions, to assess impacts and identify areas of needed changes.
• Review project and process risk assessments to determine potential impact to the CMS.
• Consult with risk partners on potential impacts or gaps to drive completion of assessments and corrective action plans.
• Drive connection between the Compliance Governance and Advisory program initiatives to ensure consistency of practice and reduce overlap.
• Communicate assessment of regulatory change actions and industry standards to Compliance staff and First Line of Defense partners in a way that will provide strategic direction for implementation.
• Assess the program elements of the CMS to ensure those elements adequately address the external views and expectations.
• Monitor regulatory enforcement actions and, working in conjunction with First and Second line partners, assess the impact on existing practices.
• Maintain and establish industry awareness and relationships to influence internal practices.
• Assist the Chief Compliance Officer and Compliance leadership team in defining regulatory goal and strategy-setting for the CMS. Develop and continually refine reporting of emerging regulatory risks and potential impacts to our products and processes.

• Establish and maintain relationships with relevant 1LOD, 2LOD and 3LOD management.

• Establish collaborative relationships with key business owners, and work with Risk Advisors in the development, assessment, and monitoring of mitigation plans for enterprise risks so that risks are managed to an acceptable level; monitor corrective actions to address issues.
• Evaluate CMS artifacts to ensure consistency in processes, reporting, and consistency with the Risk Appetite Framework.
• Work with the Business Line Intelligence or other data teams to help embed data-driven metrics, key risk indicators, and continuous controls monitoring within reporting.
• Assist in recruiting, mentoring, and developing current and future staff.

Organizational Relationship

This position reports to the Chief Compliance Officer

Position Qualifications

Education & Experience

• Bachelor’s degree in business or related field
• A minimum of 10 years of Compliance, bank risk management or internal audit subject matter expertise.
• Regulatory experience with bank regulators such as the Federal Reserve Bank is a plus.

Knowledge & Skills

• Excellent interpersonal skills to work in a collaborative environment and to influence and interface with a broad range of stakeholders at all levels, internal and external.
• Ability to take ownership of projects and drive high-quality results.
• Strong attention to detail with a proactive approach to solving and preventing problems.
• Ability to work under deadlines and manage multiple priorities.
• Excellent organization, project management, and prioritization skills.

Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits. 

We are proud to be an EEO/AA, Minority/Female/Disability/Veteran employer. We maintain a drug-free workplace.