The Senior Vice President, ChiefCompliance Officer is responsible for developing, implementing andadministering all aspects of the Holding Company and Bank's overall complianceprogram, which includes maintaining the company's compliance with laws andregulations that affect its operations. This position is responsible for providingoversight and establishing the framework for enterprise-wide complianceactivities. Additional responsibilities of the position include leadingenterprise compliance efforts; implementing industry best practices throughanalysis, sound risk management practices and forward thinking; developingstrategies for risk management; developing policies and procedures to ensure compliancewith applicable local, state and federal laws and regulations. The position oversees the assessment of keycompliance risks within the Compliance Management, CRA, Fair Lending, BSA/AML,Fraud, and Security programs. Additionally, the position is responsible for ensuring
Executive Management and the Board of Directors are continuously informed ofall aspects of the Bank's compliance and operational risk management activitiesincluding an evaluation of its relative risk exposure as it relates tocompliance. Lastly, the Chief ComplianceOfficer advises the Board of Directors, Executive Management, and Bankpersonnel of emerging compliance and operational risk issues and assistsstakeholders with the establishment of controls to mitigate risks.
PRIMARY DUTIES &RESPONSIBILITIES:
Analyzeand communicate to executive management and key stakeholders the impact of alllaws and regulations on the Bank's operations, including policies, procedures,new and existing products, forms, advertising, and promotional materials, etc.Coordinate meetings to discuss the impact, define necessary action, and determineresponsibilities.
Overseethe review and evaluation of new and changing federal and state regulatorycompliance requirements in order to design, develop and implement policies,procedures, processes, and advise on control development and implementation toensure compliance. Oversee technical reviews and testing to ensure they havebeen effectively implemented.
Preparecomments in correspondence to regulatory agencies regarding pending or proposedregulation.
Assist with providing appropriate levels of due diligence during amerger or acquisition.
Manageall aspects of the Bank's regulatory examinations including Safety and
Soundness, Information Technology, and Compliance. Implement Report of Examination Action Plans and present reports tothe Board of Directors that summarize results with recommended courses ofaction and improvements. Interface with management and personnel regardingimplementing remediation and monitor corrective action.
Participateon Board of Directors and management committees as a subject matter expert.
PolicyManagement review and attest to corporate policies.
Develop,maintain, and manage constructive and mutually-beneficial relationships withall relevant external entities to represent the Bank's best interests,including regulatory and legislative bodies, financial services industry peergroup, legal and other professional standards bodies, and service providers.
Developthe annual compliance work plan that reflects the institution's highest risksthat will be monitored by the compliance function as determined by overseeing anannual risk assessment using an enterprise-wide approach.
Createan environment which encourages managers and employees to report suspectedfraud and other improprieties without fear of retaliation.
Serve as a resource by providing compliance related research and subject matter expertise. Oversee and coordinate technical reviews and testing to ensure compliance process has been effectively implemented.
Ensuredepartment activities run smoothly and efficiently by providing leadership,training, and supervision. Developand/or revise contracts, documents, and disclosures to ensure the documents arein compliance with all the applicable laws and regulations.
Annuallyreview the training process used to disseminate compliance-related informationto affected line management and all persons responsible for meeting day-to-daycompliance obligations. Ensure the institution's compliance training program isappropriate for the institution's size and operation. Determine if the compliancetraining is consistent with the institution's products and services and ensurethe program keeps personnel current with changes in compliance laws andregulations affecting business operations.
Exercisebroad knowledge and critical thinking skills when addressing complex issues;define strategic issues clearly despite ambiguity and take all criticalinformation into account when making decisions.
Encourageteam work, accountability, and "continuous learning" in all levels of thecompliance leadership and management team.
Completecontinuing education as required to maintain certifications. Keep abreast of allregulatory requirements that relate to compliance, safety and soundness,information reporting, corporate responsibility, enforcement, penalties, andadministrative practices, including civil and criminal penalties,administrative remedies, record keeping requirements, liability defenses and, risk management.
PHYSICAL DEMANDS & WORKENVIRONMENT:
The physical demandsdescribed here are representative of those that must be met by an employee tosuccessfully perform the essential functions of this job. Reasonableaccommodations may be made to enable individuals with disabilities to performthe essential functions.
Ability to withstand moderatephysical activity throughout the work day (standing, walking, reaching)
Ability to sit for extended periodsof time
Ability to lift or move up to 25 poundson occasion
Ability to maintain attention andconcentration for extended periods of time
Ability to work overtime whenrequired to meet deadlines
Leadand manage teams through training, developing, and coaching Team Members on aconsistent basis.
Providesupervision and support to all areas of the department where service orassistance is needed; oversee activities of assigned department personnel.
Play a positive role in the development and growthof assigned department staff through excellent communication skills, bothverbal and written, along with strong delegation skills assuring a highlycross-trained staff.
Monitorstaff in daily tasks, operations and quality control.
Performpersonnel actions including performance appraisals, disciplinary actions, andinterviewing candidates for employment.
MINIMUM QUALIFICATIONS(EDUCATION, EXPERIENCE, & SKILLS):
To perform this job successfully,an individual must be able to perform each essential duty satisfactorily. The requirementslisted below are representative of the knowledge, skill and/or abilityrequired. Reasonable accommodations may be made to enable individuals withdisabilities to perform the essential functions:
Bachelor's Degree preferred, or anequivalent combination of education and experience. The following certifications should and Certifications required: CertifiedRegulatory Compliance Manager and Certified Anti-Money Laundering Specialist, in addition, Graduate School ofCompliance Management and 15 years compliance management experience in afinancial institution or an acceptable substitute work related experience shouldconsist of an in-depth background in Bank administration, compliance andsupervisory skills. Educationalexperience, through in-house training sessions, formal school, or financialindustry related curriculum, should be applicable to the financial industry.
Abilityto read, analyze, and interpret general business periodicals, professionaljournals, technical procedures, and government regulations. Strong computerskills and knowledge required in areas of spreadsheet analysis, wordprocessing, data management and programming. Excellent written, oral communication skills, interpersonal andorganizational skills. Ability to effectively present information and respondto questions from groups of managers, clients, customers, and the generalpublic.
Abilityto add, subtract, multiply, and divide in all units of measure, using wholenumbers, common fractions, and decimals. Ability to compute rate, ratio, andpercent and to draw and interpret bar graphs.
Abilityto apply common sense understanding to carry out instructions furnished inwritten, oral, or diagram form. Ability to deal with problems involving severalconcrete variables in standardized situations.
The above statements describe thegeneral nature and level of work only. They are not an exhaustive list of all required responsibilities,duties, and skills. Other duties may beadded, or this job description amended at any time.
Our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or protected veteran status. We are an Equal Opportunity, Affirmative Action employer. Minorities, women, veterans and individuals with disabilities are encouraged to apply.
Drug free work environment.
Legacytexas Financial Group