Consumer banking compliance vp

A leading financial institution in New York, NY seeks a Consumer Banking Compliance VP to uphold the highest standards of compliance in consumer banking. You'll shape and maintain a risk-based framework covering loans and deposits, ensuring operational integrity. The role offers flexible work, training programs, and a supportive leadership team. This is a chance to make a significant impact while advancing your career in a collaborative, inclusive environment.

Key Responsibilities:
In the capacity of Consumer Banking Compliance VP, you will be entrusted with significant responsibility for preserving the integrity of the bank's consumer banking operations. Your daily endeavors will involve close collaboration with various departments to ensure that every facet of the bank's consumer offerings is fully aligned with prevailing regulatory standards. You will play an instrumental role in developing educational initiatives that equip colleagues with essential compliance knowledge while also establishing monitoring mechanisms that drive ongoing improvement. By remaining vigilant regarding evolving regulations and participating actively in regulatory examinations, you will help uphold exemplary standards of accountability. Your ability to provide lucid guidance on intricate compliance matters will be indispensable in supporting both strategic decision-making and operational excellence throughout the institution.

• Supervise the formulation, implementation, and ongoing refinement of a comprehensive risk-based compliance program specifically tailored to the bank's consumer banking activities, including both loan and deposit offerings.
• Maintain an exhaustive inventory of all consumer compliance obligations pertinent to the bank's operations, ensuring absolute thoroughness in regulatory observance.
• Establish effective policies, procedures, systems, and controls designed to mitigate consumer compliance risks across all relevant business lines with precision.
• Provide continuous support and expert guidance to business units on all matters related to consumer compliance, serving as a trusted advisor within the institution.
• Assist the Chief Compliance Officer in evaluating new products or services by ensuring that potential consumer compliance risks are rigorously assessed and addressed before introduction.
• Design and deliver comprehensive consumer compliance training programs for staff at every level to promote awareness and understanding of regulatory responsibilities.
• Develop and implement robust monitoring programs aimed at proactively identifying opportunities for enhancement within the consumer compliance framework.
• Participate diligently in regulatory examinations as directed by the Chief Compliance Officer, preparing requisite documentation and responding thoughtfully to inquiries.
• Monitor developments in consumer compliance regulations and assess their implications for the bank's operations, communicating updates promptly to all relevant stakeholders.

Key Requirements:
To excel as Consumer Banking Compliance VP, you will contribute substantial practical experience navigating the intricacies of consumer banking regulations. Your background will encompass direct involvement with risk assessment processes, policy development initiatives, and meaningful interaction with regulatory authorities. You will possess exemplary communication skills-both written and verbal-that enable you to distil complex legal requirements into accessible guidance for colleagues at every level. Your collaborative disposition will be evident as you work harmoniously with cross-functional teams to embed best practices throughout the organization. A dedication to continuous learning ensures you remain apprised of emerging trends in compliance management, while your meticulous attention guarantees thoroughness in every undertaking.

• A bachelor's degree or law degree is required, evidencing your robust academic foundation in disciplines such as law, finance, or business administration.
• A minimum of five years' experience directly addressing consumer compliance matters within a financial institution or comparably regulated environment.
• Comprehensive understanding of consumer compliance risks associated with banking products and services, including but not limited to regulations such as Reg. O, Reg. V, Reg. Z, UDAAP, and CRA.
• Extensive knowledge of industry best practices as well as regulatory expectations for effective compliance management frameworks.
• A methodical approach to problem-solving complemented by analytical skills that enable thoughtful assessment of complex situations.
• Exceptional interpersonal skills with demonstrated ability to influence stakeholders at all levels through considerate communication and empathetic engagement.
• Outstanding written and verbal communication abilities refined through experience, presenting information clearly across diverse audiences within an organization.
• Proven capacity for working independently whilst remaining responsive to team needs; adept at managing multiple priorities under pressure without compromising quality or accuracy.
• Experience engaging constructively with U.S. regulators such as OCC, FDIC, or Federal Reserve during examinations or audits.

What sets this company apart:

• This institution distinguishes itself through its unwavering commitment to cultivating an inclusive workplace where each individual's contributions are genuinely valued.

What's Next:
If interested in this position, please get in touch with Daniela Garcia at [email protected]