The Bancorp Bank

  • VP Compliance Advisor

    Job Location US-SD-Sioux Falls
    Type
    Regular Full-Time
  • Overview

    Manage FDIC, Federal Reserve, state banking agency and related audits and exam requests, responses, and follow up items. Act as a senior Compliance Advisory lead for one or more lines of business and manage team of Compliance Advisory staff.

    Responsibilities

    1. Manage compliance team. Conduct interviews, hire, set high performance standards, and manage team performance in accordance with all applicable HR policies and procedures. Create a flexible and energized work environment, fostering an atmosphere that enables employee trust and engagement. Inspire confidence and motivate others to perform at their best. Develop and coach staff while effectively addressing performance issues.
    2. Support the Head of Compliance on all exams and audits (including but not limited to those pertaining to Depositor and Consumer Protection), leading a team of compliance analysts aligned with the lines of business to appropriately document all requests and responses in a timely manner. Update and maintain a library of exam findings, action plans, and related audit materials. Develop and maintain a detailed understanding of the regulatory risk framework as it is viewed from an audit and examination perspective.
    3. Develop and maintain a listing of all regulatory examinations and communicate the calendar of events to the leadership team, including contributions to CMS Dashboard reports to track progress as well as issues raised in a timely manner.
    4. Ensure prior regulatory findings are tracked and remediated in a timely manner with appropriate compliance document verification followed by audit validation.
    5. Maintain a working relationship with the lines of business to advise on exam or audit status and follow-ups as necessary for remedial action.
    6. Make recommendations as needed to pro-actively correct items crossing multiple audits and business lines.
    7. Follow up with lines of business to ensure action plans are implemented in accordance with the time frames provided to examiners and auditors. Prepare detailed updates and statuses of all action items.
    8. Participate in regulatory meetings as appropriate.
    9. Liaise with Level 2 Compliance Testing teams to communicate areas of risk identified through audits and examinations.
    10. Prepare in advance of audits and examinations by conducting a review to ensure all findings and observations from prior cycles of review have been properly closed ensuring compliance with remedial measures implemented and validate that supporting documentation has been retained.
    11. Coordinate preparatory meetings between compliance and business lines involved in upcoming exams and audits to review the request list and document responsibility assignments in for each applicable business area affected by the examination or audit.
    12. Contribute to the development of on-site reviews for critical third party relationships.
    13. Develop and maintain close working relationships across the company, especially with Third Party Risk Management and Financial Crimes Risk Management to ensure effective communication and follow up on audits and regulatory examinations.
    14. Resolve issues as needed and perform other related duties as assigned.

    Qualifications

    Education/Experience:

    • An undergraduate degree in a related field or an equivalent combination of training and experience, with a degree in finance/accounting preferred.
    • A minimum of 5+ years related compliance experience
    • Prior experience with federal and state regulatory agencies preferred.
    • Prior management experience preferred.

     

    Other Qualifications:

    • Strong working knowledge of compliance/risk management in the banking or financial services industry.
    • Excellent organizational and follow-up skills. Attention to detail is critical.
    • Excellent verbal, written, and interpersonal communication skills.
    • A team player able to work effectively in a multi-tasking environment.
    • Must be proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.

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