Senior Compliance Officer

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SALARIES - BACK OFFICE Full Time Wallingford, CT, US

The Senior Compliance Officer is responsible for leading the Bank's Compliance Management System (CMS) and enterprise compliance risk management program. Reporting directly to the Chief Risk Officer, this position provides independent oversight, regulatory guidance, and effective challenge to ensure compliance with applicable federal and state laws, regulations, internal policies, and ethical standards.

The role partners with business leaders to identify, assess, monitor, and mitigate compliance risks while supporting strategic growth initiatives. The Senior Compliance Officer serves as a key advisor to Executive Management and the Board and ensures compliance risk management is integrated into the Bank's Enterprise Risk Management (ERM) framework.

• Lead and continuously enhance the Bank's Compliance Management System and compliance risk management framework.
• Integrate compliance risk management with the Bank's ERM framework, risk assessments, issue management processes, policy governance, and strategic planning activities.
• Provide independent oversight and credible challenge regarding compliance risks, controls, remediation efforts, and risk acceptance decisions.
• Promote a strong culture of compliance and accountability across all business lines.

• Lead enterprise-wide compliance risk assessments and maintain an inventory of applicable compliance risks.
• Develop and execute a risk-based compliance monitoring and testing program.
• Assess control effectiveness and identify regulatory, operational, procedural, and consumer compliance risks.
• Recommend corrective actions and validate remediation efforts.

• Monitor and assess changes in laws, regulations, and regulatory guidance.
• Advise business units on compliance requirements related to new products, services, systems, marketing initiatives, and strategic projects.
• Provide regulatory interpretations and practical guidance to management and business partners.
• Ensure regulatory changes are appropriately implemented and documented.

• Support enterprise policy governance through review, oversight, and regulatory alignment of policies and procedures.
• Maintain oversight of compliance-related issues, findings, and corrective action plans.
• Evaluate root causes, monitor remediation progress, and escalation material matters as appropriate.
• Ensure compliance risks are appropriately documented, tracked, and reported.

• Provide second-line oversight of consumer complaint management processes and trend analysis.
• Coordinate and support regulatory examinations, audits, and information requests.
• Maintain examination readiness and assist management in responding to regulatory findings.
• Build and maintain effective working relationships with regulators, auditors, legal counsel, and external consultants.
• Prepare and present compliance reports to Executive Management, committees, and the Board of Directors.
• Report on compliance risk trends, regulatory developments, monitoring results, complaints, issues, and remediation efforts.
• Develop and oversee risk-based compliance training programs.
• Provide leadership, coaching, and guidance to compliance personnel and business partners.

• Evaluate compliance risks associated with third-party relationships and outsourced activities.
• Suppo…