SVP of Compliance

** Location
* * Fargo Corporate Office
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* Job Description:

** Gate City Bank is seeking an experienced and strategic Senior Vice President of Compliance to lead our enterprise-wide Compliance Management System (CMS) and serve as a trusted advisor across the organization. This senior leadership role reports to the Deputy Chief Risk Officer (DCRO) and plays a critical part in safeguarding the Bank through effective compliance oversight, strong risk management, and proactive alignment with regulatory expectations and industry best practices.

The role may manage a team of Senior Compliance Officers, Compliance Officers, and/or Compliance Analysts.
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* ESSENTIAL FUNCTIONS:

*** Oversees and ensures the implementation and administration the Bank’s Compliance Management System (CMS). Maintains an understanding of industry best practices for administering an effective CMS.
* Maintains a working knowledge of the life cycle of a group of products, services, technology, marketing, operational processes and sales practices and a detailed understanding of the applicable regulatory and corporate compliance requirements (“compliance requirements”). Ensures the compliance requirements are identified and communicated effectively to appropriate team members.
* Manages the Bank’s BSA/AML OFAC Programs, which includes:  + Leads, maintains, updates oversees and provides leadership and strategic vision for all aspects of the Bank’s BSA/AML/OFAC Programs in a manner that fulfills the mission and strategic goals of the Bank while complying with state and federal laws related to BSA/AML/OFAC compliance.  + Management of robust BSA/AML/OFAC Policies, overseeing investigations into suspicious transactions, conducting risk assessments, and providing training on relevant BSA/AML/OFAC topics.  

+ Leads the build out of metrics and prepares and presents periodic and ad-hoc reports for the Chief Compliance Officer on program status and risks.  + Responsible for identifying, assessing, and escalating potential money laundering and reputational risk issues associated with higher risk client types and transaction monitoring.  + Lead, maintain, update, and oversee the BSA/AML/OFAC systems and models.  + Trains the organization on key BSA/AML/OFAC risks.  

+ May serve as the Bank’s delegate BSA (Bank Secrecy Act) Officer.  + May serve as the Bank’s delegate OFAC (Office of Foreign Assets Control) Officer.
* Manages a risk-based Product & Service Compliance Program (“PSCP”) for the life cycle of a group of products, services, technology, marketing, operational processes and sales practices. Activities include but are not limited to:  + Ensures that the applicable policies, procedures, controls, and training address the compliance requirements.  + Monitors, analyzes, and ensures that legal, regulatory, and compliance requirement changes are identified and implemented effectively on a timely basis.  

+ Develops, maintains, and executes an effective risk-based compliance monitoring and testing program. Develops test programs and the testing methodology and executes monitoring and testing where appropriate.  + Synthesizes analyses, identifies root cause(s) of potential compliance risk, provides recommendations that influence business solutions and validates resolution.  + Collaborates effectively with the appropriate 1st, 2nd, and 3rd line functions to ensure that compliance issues are effectively addressed on a timely basis.

Design and execute validation where appropriate.  + Collaborates with business leaders to assess customer complaints, ensure adequate complaint response, and address complaint trends.  + Conducts due diligence in advance of implementation of a new, expanded, or modified products and services to ensure compliance with legal, regulatory, and corporate requirements.  + Conducts due diligence in advance of implementation of operational, systems and/or vendor changes to ensure compliance with legal, regulatory, and corporate requirements.
* Communicates with regulators as part of the Bank’s overall Regulator Engagement Program and participates in the regulatory examination process where applicable.
** SUPERVISORY…