Director of Compliance Risk

Position Title: Director of Compliance Risk

Department: Risk Management

Reports To: Chief Risk Officer

General Summary/Purpose

The Director of Compliance Risk is responsible for developing, administering, and monitoring bank programs and products to ensure compliance with regulations and rules governing operations and product offerings in all areas of the bank. The Director of Compliance Risk performs testing and assists in the education of all personnel, including senior management and the Board of Directors in all areas of compliance. The Director of Compliance Risk ensures senior management and Board of Directors are continuously informed of all aspects of the bank’s compliance activities, including an evaluation of its relative risk exposure related to compliance. The Director of Compliance Risk reviews bank policy and procedures for compliance.

Key Duties and Responsibilities

#1 Manage the Compliance Program Percentage of time: _80__%

· Submit to senior management and the Audit Committee an annual schedule for the testing and monitoring of various regulations for upcoming year. Obtain Board approval for the Compliance Schedule.

· Submit an annual compliance risk assessment to the Audit Committee.

· Review and maintain various bank policies including the Compliance Policy.

· Review current trends in compliance and current regulatory emphasis.

· Work in conjunction with department supervisors and the bank’s Internal Auditor to ensure that an independent compliance audit is completed on a risk-based schedule and proper follow-up is performed.

· Conduct monitoring testing based on the approved schedule, work with management on corrections, and follow-up for completion.

· Work with management to implement regulation changes and new products.

· Supervise the BSA Fraud Officer and ensure the BSA program is properly implemented.

· Serve as a backup to the BSA Fraud Officer during his/her absence.

#2 Chair the Compliance Committee Percentage of time: _10__%

· Research upcoming changes and communicate to the committee how they will affect the bank.

· Discuss audit and monitoring findings.

· Review policy and procedural changes.

#3 Compliance Education and Training Percentage of time: _10__%

· Working with the Talent Development Manager, ensure training programs are in place to train all employees in compliance.

· Train in areas of particular interest or recently demonstrated weaknesses.

· Ensure that an adequate amount of continuing education is schedule for key compliance personnel.

Education, Training and Skills Required

(Identify the minimum required to perform the duties and responsibilities.)

____ Limited training normally acquired through high school education

____ Specialized education/training normally acquired through up to 18 months’ of higher education

____ Education/training equivalent to an Associates’ Degree

_X__ Education/training equivalent to a Bachelors’ Degree

____ Education/training equivalent to a Masters’ Degree

_X__ Advanced education/training in a recognized field of specialization, e.g. CPA, MBA

____ Other (please specify)

Experience Required

(Identify the minimum required to perform the duties and responsibilities as well as the type of experience required, i.e. customer service, accounting, etc.)

____ None

____ Three months to one year

____ More than one year, fewer than three years

____ More than three years, fewer than five years

__X_ More than five years, fewer than eight years

____ More than eight years