Job Description

Overview

FVP, Deputy Chief Risk Officer - Regulatory and Fraud

The FVP, Deputy Chief Risk Officer - Regulatory and Fraud is responsible for developing, coordinating, staffing, and implementing an enterprise-wide compliance program commensurate with the size and complexity of the organization. The role requires extensive knowledge and understanding of banking regulations and fraud detection/resolution. The incumbent will safeguard the bank against financial losses and reputational damage caused by fraudulent activities by detecting, preventing, and mitigating fraud through a combination of data analysis, investigation, risk management, compliance, and education. This individual will provide ongoing reporting, advising, and training to senior management and the Board of Directors. Frequent, consultative, high-level discussions with senior management and the Board are expected.

Responsibilities

• Collaborate with executive management, risk management, legal counsel, and other departments to align compliance efforts with broader business objectives.
• Develop, implement, and maintain the banks compliance program in accordance with local, state, and federal laws and regulations.
• Monitor regulatory developments and proactively communicate relevant changes and their implications to executive leadership and staff. Advise senior management and the board of directors on compliance risks and mitigation strategies.
• Lead the development and delivery of compliance training programs for employees, management, and the board.
• Investigate potential compliance violations and oversee remediation actions when necessary.
• Ensure timely and accurate reporting to regulatory bodies.
• Oversee the BSA/AML compliance programs.
• Oversee the Reg O/Reg W compliance programs.
• Lead and oversee the banks fraud prevention, detection, and investigation efforts across all channels and business lines.
• Build and implement a comprehensive fraud risk management strategy, ensuring the banks assets, reputation, and customer interests are protected from fraud and financial crimes.
• Work closely with the Chief Operations Officer to tailor detection and mitigation efforts to the appropriate level of risk associated with transactional operations.
• Take ownership of the banks compliance policies and advise lines of business on proper application and adherence.
• Develop and monitor a comprehensive compliance training program; ensure an adequate compliance training program is maintained; coordinate and ensure training initiatives; oversight of implementation of training directives.
• Consult with the board and senior management to maintain ongoing compliance to ensure compliant business growth in both existing lines of business and new lines the bank is considering; provide consultative compliance guidance to business line managers; consult with business unit managers to develop appropriate analysis of compliance risk; analyze new legislation and advise affected business unit managers in order to coordinate required implementation plan.
• Perform duties related to the Bank Secrecy Act under the guidance of the BSA Officer.

Skills and Abilities

• Leadership skills: Proven ability to lead and influence cross-functional teams, with strong interpersonal, communication, and negotiation skills.
• Analytical Skills: Strong analytical and problem-solving abilities, with experience in conducting risk assessments and managing compliance audits.
• Ethical Judgement: High ethical standards and integrity, with a commitment to upholding compliance and regulatory requirements.
• Excellent verbal and written communication skills.
• Demonstrated persistence and willingness to take calculated risks.
• Demonstrates effective organizational and planning skills.

Education, Experience and Qualifications

• Bachelors degree in law, Business Administration, Finance, or a related field.
• Minimum of 10 years experience in compliance, legal, or risk management roles, with at least 5 years in a senior leadership position.
• Certified Regulatory Compliance Manager (CRCM) required.
• Extensive knowledge of compliance regulations and standards relevant to the banking industry, including corporate requirements.

Physical Requirements

The associate is frequently required to sit and/or stand, communicate, reach, and manipulate objects, tools or controls that are typical of an office/bank environment. Lifting items weighing up to 10 pounds on a consistent basis. Manual dexterity and coordination are required over 80% of the work period while operating equipment such as computers, phones, calculators, etc.

Working Conditions

• Typical office environment.
• Extended viewing of computer screens.
• Periodic travel between locations is required.
• Monday Friday, 8 am -5 pm. Evening and weekend work may be required as job duties demand.

United Fidelity Bank is proud to be an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

Seniority level

• Executive

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Banking

Job Tags

Similar Jobs