Compliance Director with Fair Lending and FRB experience
Pittsburgh, PA · $150,000 to $170,000
OPEN JOB: Director of Compliance LOCATION: Pittsburgh, Pennsylvania SALARY: $150,000 to $170,000 FULL-TIME BENEFITS - FULL BUSINESS UNIT: Compliance REPORTS TO: Managing Director of Corporate Compliance
This position is responsible for setting the strategy, managing, and maturing the FRB Program by leading a team to execute the program.
This position requires broad-based Fair Lending, and FRB experience in applying laws and regulations through the use of advanced statistical and analytics tools has overall responsibility to design and execute a robust FRB Analytics program with a focus on compliance testing for compliance risks associated with Fair Lending, UDAAP, HMDA and CRA requirements and regulatory expectations.
This role also involves developing/enhancing program policies and procedures, executing risk assessments, collaborating with various departments and providing guidance and standards for business lines to carry out FRB compliance responsibilities.
The successful candidate is expected to communicate analytics and testing results concisely to differing audiences, including the Board of Directors, Executives and Regulators, and ensures high quality written reporting and work output.
Position Overview:
Corporate Compliance is accountable for ensuring the corporation’s ongoing adherence to applicable laws, rules, regulations and internal policies and procedures.
The Compliance Director is primarily responsible for leadership and execution of aspects of the Compliance Risk Management Program.
The Compliance Director manages a team of compliance professionals.
The Compliance Director also supports the development of advanced analyses and the implementation of common tools, procedures and policies across the Corporate Compliance department.
Primary Responsibilities:
Manages a team of compliance professionals.
Provides guidance to business leaders regarding matters of compliance risk.
Conducts compliance risk assessments for applicable laws, rules and regulations.
Monitors and tests effectiveness of business units’ compliance risk controls.
Identifies and communicates risks and issues and ensures they are addressed.
Develops and maintains policies to ensure they align with regulatory requirements.
Supports or conducts statistical analysis and communicates results to relevant parties and authors reports containing actionable recommendations.
Gathers and assimilates comments from business units and compliance managers and specialists and coordinates preparation of regulatory comment letters.
Provides periodic reports to the Board of Directors or appropriate committee and other groups as required throughout the corporation.
Maintains current data of new and pending laws and regulations directly affecting the corporation.
Ensures an effective regulatory change management process is established.
Conducts, oversees or contributes to the analysis of complex datasets to identify risk trends
REQUIREMENTS:
BA or BS
10 years of job related experience
Knowledge of federal and state consumer protection laws and banking regulations.
Experience in implementing effective compliance risk management programs.