Director of Compliance – 1st Line of Defense – Remote Profit Share

ACCsurance has a new Director of Compliance opening for one of the fastest growing banking organizations in the US and this is a remote opportunity. This Fortune 1000 client provides a family-like, collaborative, teamwork culture that values work/life balance and being able to operate in a nimble corporate environment. Our client is a forward thinking, high-tech bank with great benefits and a great opportunity to grow while having flexible working hours.

Their employees have them rated extremely high on Glassdoor.

This First Line of Defense compliance role will be part of a new team that sits within the broader Business Risk Management function of the Commercial Bank. Partnering closely with the business units, the role is generally responsible for helping to advise and support the business on all things compliance related, including meeting requirements of ERM, ORM, Compliance and other second line of defense groups.

This position will manage a team of 6+ other risk officers. The right candidate thrives in a high performance and fast-paced environment and will enjoy the challenge of coming in on the ground floor to help build out a best in class First Line of Defense Compliance function. Specific responsibilities include:

Understanding Regulatory Requirements and Business Applicability:

• Be aware of applicable laws and regulations as well as corporate compliance policies.
• Understand regulatory changes as communicated by 2nd LOD, and identify the specific compliance risks that apply to supported business unit (BU), and the applicable banking and financial services products available or supported through the BU.
• Have an understanding of business process flows and be able to explain how the processes are designed to meet regulatory requirements.
• Identify areas and administer training where BU needs tailored training in tying potential compliance and regulatory risks to the BU’s current or changing applicable process, products and services.
• Work with Business Risk Officers during client, product, and business risk assessments to evaluate the inherent and residual compliance risks.
• Assist and facilitate audits, exams, reviews, conducted by 2nd LOD (CMT), Internal Audit, and federal and state examiners. Facilitate walkthroughs, provide documentation, and assist in development of action plans.
• Assist BUs with the development of compliance related MAPs and track progress to close all issues, whether self-identified, or through Compliance Monitoring and testing (CMT) or Internal Audit.

Controls Management:

• Using the corporate controls framework, ensure the internal controls addressing compliance risks are documented, including documentation of lack of controls.
• Assess the design and effectiveness of the controls in place to manage compliance risks.
• Work with centralized FLOD testing team to develop test plans of key controls and action plans when gaps exist.
• Self-identify compliance gaps in business processes. Communicate the gaps to appropriate 2nd LOD unit (ORE, Compliance issues, etc.)

Change Management Support:

• Identify and track changes, triggered by the BU, that affect compliance risks.
• Provide 1st LOD compliance review, guidance, and approvals for compliance risks related to any business changes, prospects & clients, products, processes, etc. within supported Business Units.
• Follow the Corporate Compliance Change governance process to ensure the change events are duly assessed for compliance risks, and mitigating measures are developed and implemented.
• Participate in UAT testing and provide user acceptance, as needed, for technology or process changes that address regulatory requirements.
• Ensure the…