What are the responsibilities and job description for the Sr. Compliance Manager position at Broadway Bank?
Position: Sr. Compliance Manager | Division: Enterprise Risk Mgmt |
Work Days: Monday - Friday | Hours of Operation: 8:00am - 5:00pm
Why Broadway Bank
We are one of the largest independently owned banks in Texas with offerings in personal and private banking, wealth management, business banking and mortgage lending.
Position Overview
The Compliance Manager is responsible for the development and execution of internal strategies, policies, procedures, processes, and programs to ensure adherence to laws, rules, and regulations. This role involves leading a team to implement a compliance program that meets the business and customers' needs while maintaining alignment with the bank’s risk framework.
Essential Functions
Experience & Education:
Broadway Bank is proud to be an Equal Opportunity Employer. Broadway Bank is a drug-free and tobacco-free workplace, with a nicotine-free hiring policy. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
Member FDIC
Work Days: Monday - Friday | Hours of Operation: 8:00am - 5:00pm
Why Broadway Bank
We are one of the largest independently owned banks in Texas with offerings in personal and private banking, wealth management, business banking and mortgage lending.
Position Overview
The Compliance Manager is responsible for the development and execution of internal strategies, policies, procedures, processes, and programs to ensure adherence to laws, rules, and regulations. This role involves leading a team to implement a compliance program that meets the business and customers' needs while maintaining alignment with the bank’s risk framework.
Essential Functions
- Manage and administer policies, programs, procedures, and bank initiatives to ensure compliance with laws and regulations.
- Establish and continuously improve an operating framework for identifying, managing, monitoring, and reporting compliance risks and issues.
- Supervises a team of compliance officers and analysts in administering the Bank's Compliance program within Enterprise Risk Management (ERM), including personnel management and budget adherence.
- Maintain proficient knowledge of applicable laws, regulations, and guidelines.
- Facilitate implementation of changes required by new or amended laws and regulations, ensuring officers and employees are informed and trained.
- Research and respond to compliance inquiries from bank officers and employees.
- Guide departments on compliance requirements for new bank products and services.
- Develop and maintain a compliance resource center, including online references, regulations, and interpretations.
- Support and maintain an effective compliance training program for all bank personnel.
- Develop and facilitate the implementation of a compliance communication strategy across the bank.
- Perform risk assessments and participate in internal compliance reviews and self-monitoring, reporting results to bank management, the ERM Compliance Committee, and the BBI Audit & Compliance Review Committee.
- Review and approve all bank marketing materials, assisting in compiling compliance disclosures for new products, new account disclosures, and advertising disclosures.
- Compiles and maintains all necessary documentation to evidence the bank's compliance with Regulation O's reporting and disclosure requirements (including Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks).
- Works closely with other department compliance specialists, specifically but not limited to the Wealth Management Operations and Human Resources departments and RIA, to prepare, review and update as needed the policies and procedures addressing compliance regulations to ensure compliance with all applicable laws, regulations and guidelines.
- Maintain awareness of consumer inquiries and complaints regarding the bank.
- Monitor the bank's lending practices ensuring fair, equitable, and non-discriminatory treatment of all borrowers.
- Support employees, regulatory personnel, and independent auditors during regulatory compliance examinations and audits.
- Maintain membership with banking and compliance associations to build networking relationships and share compliance best practices.
- This position may require travel within the Bank’s geographic area.
Experience & Education:
- At least 10 years of bank regulatory compliance or examination experience.
- At least 5 years of management experience preferred.
- Certified Regulatory Compliance Manager (CRCM) designation required, or ability to obtain certification within the first year of employment.
- Proficiency in Microsoft Office Suite, PowerPoint, and internet applications.
- Bachelor’s degree in business, finance, accounting, or a related field. Advanced degree is a plus.
- Excellent working knowledge of bank-related laws and regulations.
- Ability to research and analyze modified or proposed regulations.
- Demonstrated ability to work effectively with all levels of bank staff.
- Experience in developing, managing, and administering compliance programs.
- Excellent written and verbal communication skills.
- Ability to work independently and collaboratively with peers, management, and external contacts.
- Strong problem-solving skills, using judgment consistent with standards, practices, policies, procedures, regulations, or federal and state laws.
- Ability to maintain organized and detailed documentation.
- Strong leadership and team management capabilities.
- Proactive approach to identifying compliance risks and implementing necessary changes.
- Membership and active participation in banking and compliance associations.
- Continuous professional development through relevant courses and seminars.
- Availability to support and guide the bank during regulatory compliance examinations and audits.
- Requires the ability to lift, carry, push, pull weights or otherwise move objects weighing as much as 10 lbs. on a regular basis and/or for extended periods of time during the workday.
- Occasional overtime or extended hours may be required .
- Career Development and Mentorship Programs
- Generous paid time off, minimum 4 weeks
- Employee recognition, awards, and events
- Free vision insurance
- Retirement matching
- Tuition reimbursement
Broadway Bank is proud to be an Equal Opportunity Employer. Broadway Bank is a drug-free and tobacco-free workplace, with a nicotine-free hiring policy. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
Member FDIC