SVP Compliance Manager
Location: Seal Beach, CA
Job Code: 1CDL4

Job Summary:
The primary focus of the Compliance Manager is to evolve and administer the Bank’s compliance program to ensure adherence with state and federal banking laws and regulations, including but not limited to, nondiscrimination, consumer protection, and public interest laws and regulations, oversee the Bank’s Community Reinvestment Act (CRA) and compliance training programs, and identify new/revised statutes and regulations impacting the Bank. This position serves as the primary contact with regulators from the Federal Reserve Bank of San Francisco and California Department of Financial Protection & Innovation for safety & soundness, target and compliance examinations of the Bank. This position manages a team of compliance professionals and is responsible for providing an proactive compliance management process that supports the Bank’s strategic goals

Essential Duties:
Monitors legislative and regulatory compliance issues for the Bank. Supports the CRO in evolving the Bank’s ERM program and strengthening the Bank’s 2 Line of Defense (LOD). Communicates new regulatory requirements to business unit management and other personnel and assists Bank personnel in understanding and implementing changes to comply with compliance changes. Creates and reviews internal regulatory compliance documentation. Coordinates the creation, review and implementation of policies and procedures resulting from new laws and regulations and supports the Bank’s policy governance process. Assists with the implementation of new regulations or material changes in existing regulations.

Evolves and administers a compliance management system that aligns to the Bank’s ERM standards that includes compliance risk assessments on regulations, compliance monitoring and sampling and testing of compliance materials from the 1st and 2nd LOD. Prepares periodic reports to Management and the Risk & Compliance Committee of the Board of Directors detailing enterprise-wide compliance activity and results highlighting concerns and risks. Provides guidance and direction to management on pertinent issues such as training, compliance procedures, corrective action, and comments on proposed ruling(s). Coordinates the Compliance Committee as a forum to encourage the free flow of information with line management, implementing new requirements and correcting weaknesses. Serves as regulatory liaison; reviews and prepares correspondence to regulatory examinations.
Oversees the activities of the CRA Officer and Fair & Responsible Lending Officer to ensure satisfactory CRA and fair lending performance, respectively. Provides specialized compliance training to the line staff. Manages a staff of compliance professionals and works to continually develop staff knowledge and skills, motivates performance and retains talent. Supports all compliance audits and exams. Manages the Bank’s customer complaint process and reporting. Responds to inquiries on customer complaints and other items from regulatory agencies. Interfaces with key executives and senior leaders to maintain or enhance awareness and knowledge of compliance consideration in their business areas. Reviews and updates Compliance Department Policies and Procedures.

Required Knowledge:
Strong working knowledge of the business and financial aspects of banking. Knowledge of state and federal banking laws and regulations. The ability to work independently and a self-starter. Lead and manage a specialized team of compliance professionals. Strong written and oral communications skills.

Education and Experience:
Minimum of fifteen (15) years of prior Bank compliance experience as a Bank Compliance Manager, or bank examiner with, at least, 5 years of experience of compliance management at a regional bank. A Bachelor’s degree in a related discipline with regulatory experience is required. An advance degree is a plus. A Certified Regulatory Compliance Manager (CRCM) designation is a plus

Estimated salary range: $170K to $245K (DOE), annual bonus, medical, dental, vision, life, 401K, vacation

Email resume in MS/Word format to Guyot@Bankers-Search.com

Or contact Keith Guyot at 310-823-1400