Director, Compliance and Risk Management

The Baltimore Development Corporation (BDC) is the economic development agency for the City of Baltimore. Our mission is to grow the city’s economy in an inclusive manner by retaining, expanding, and attracting businesses and promoting investment, thereby increasing career opportunities for residents. BDC is committed to a more equitable economy by supporting minority and women-owned businesses and promoting investment in neighborhoods that have been negatively impacted by institutional racism and/or generational poverty.

We develop strategies and facilitate collaboration among our partners to intentionally create an inclusive and equitable economy.

The Director of Risk Management and Compliance serve as a key member of BDC’s leadership team, responsible for establishing and maintaining a comprehensive risk management framework and ensuring organizational compliance with all applicable laws, regulations, and policies. This position protects BDC’s assets, reputation, and mission by identifying, assessing, and mitigating operational, financial, legal, and reputational risks while fostering a culture of compliance and ethical conduct throughout the organization.

• Overseeing compliance and risk management for the organization’s grants and lending activities.
• Ensuring adherence to relevant laws, regulations, and internal policies within the grants, lending, and financial administration functions.
• Developing and implementing risk management strategies and internal controls.
• Collaborating with other departments within the Finance, Administration, Innovation, Economic Development, Strategy, and Business Development divisions to manage risks and ensure compliance across all operations.
• Working in coordination with the Director of Development and Grants Management and the Director of Lending.

• Collaborate with the EVP/CFO to establish and monitor internal financial controls
• Ensure compliance with grant and contract requirements, including federal funding regulations (such as Uniform Guidance/2 CFR 200)
• Review financial transactions and reports for compliance with established policies and procedures
• Monitor expense reimbursements, procurement processes, and vendor relationships for compliance and propriety
• Ensure proper administration of conflict of interest disclosures and related party transactions

• Develop, implement, and manage the organization’s Minority Business Enterprise (MBE) and Women Business Enterprise (WBE) programs and policies, ensuring alignment with relevant local, state, and federal regulations.
• Oversee the tracking, monitoring, and analysis of prime contractor and subcontractor compliance with diversity and inclusion goals. Review bid and proposal documentation, waiver requests, and monthly reports.
• Investigate prompt payment issues, non-compliance concerns, and alleged violations related to the programs, recommending and implementing corrective actions.
• Gather and analyze statistical data on program participation, ensuring accurate record-keeping and preparing necessary reports for senior leadership and external regulatory bodies.

• Oversee and conduct regular internal audits and reviews, manage external audits and regulatory examinations, and lead investigations into reported violations or incidents.
• Develop and deliver compliance and risk training programs and awareness campaigns for all employees and the Board of Directors to foster a culture of accountability and ethical conduct.
• Prepare detailed reports and presentations for executive leadership and the Board of Directors on the organization’s risk posture and compliance efforts, and serve as the primary liaison to regulatory authorities and external auditors.
• Write, review, and update policies and standard operating procedures to reflect regulatory changes and best practices.

• Develop, implement, and maintain organizational policies related to risk management, compliance, ethics, and internal controls
• Create and deliver training programs on compliance topics, ethics, conflicts of…