VP Compliance

Job Title: VP Compliance

Job Type: Full-Time Direct Hire

Location: Los Angeles, CA

Job Description

This position is responsible for developing, implementing, managing, and monitoring the Bank's consumer compliance programs, policies, and procedures, partnering with Human Resources to develop and coordinate a consumer compliance training program, and operating as a liaison between the Bank and regulators on compliance matters.

Responsibilities And Accountabilities - Essential Job Functions include but are not limited to:

• Manages the bank's consumer compliance program.
• Responsible for ensuring the identification, escalation, and timely mitigation of consumer compliance risks.
• Proactively engages with business unit managers to provide comprehensive oversight of consumer compliance related activities.
• Prepares for regulatory examinations and ensures an adequate corrective action process. Serves as primary liaison with regulatory agencies and prepares all regulatory responses with support from all senior managers relevant to consumer compliance.
• Prepares for third-party audits and reviews and ensures an adequate corrective action process. Serves as primary liaison in preparing for third-party engagements and responses with support from all senior managers relevant to consumer compliance.
• Provides consumer compliance subject matter expertise to assist the bank in establishing an annual learning plan.
• Delivers consumer compliance training to the Board of Directors at a minimum annually.
• Develops and maintains deposit and lending compliance policies to ensure regulatory requirements are appropriately addressed.
• Monitors the regulatory environment to identify regulatory changes applicable to areas of consumer compliance.
• Advises business unit managers concerning regulatory changes.
• Collaborates with business units to implement or amend changes to policies, procedures and/or processes to address regulatory requirements, and ensures the timely implementation as needed.
• Maintains a comprehensive consumer compliance regulatory inventory.
• Develops and executes monitoring and testing to evidence consumer compliance with applicable regulations for the bank's products, services, and controls for consumer compliance including relevant federal and state laws and regulations.
• Ensures the bank's Home Mortgage Disclosure Act (HMDA) Loan Application Register data is accurate and as necessary filed with the appropriate regulatory agency.
• Work with Marketing and Social Media teams to ensure the Bank's advertising compliance meets regulatory standards.
• Ensures the bank's Community Reinvestment Act (CRA) Public File and that CRA Notices are current.
• Provide the CRA Public File upon request to consumers and community groups.
• Monitors resolution of consumer complaints.
• Chairs the bank's Compliance Committee.
• Attend the Board of Directors and Audit Committee meetings as needed.
• Manage assigned staff.
  
  

Experience

What to bring (Job Requirements):

Management: 5 years (Preferred)

Deposit/Loan Compliance: 5 years (Preferred)

Bachelor's Degree Or Advance Degree Preferred (commensurate Experience Considered)

7 years of deposit and loan compliance experience with at least 5 years of management experience.

Proven leadership skills.

Excellent organizational, analytical, oral, and written communication skills.

PC proficiency

Requirements

The Bank is in full compliance with the Americans with Disabilities Act (ADA) and does not discriminate regarding applicants or employees with disabilities and will make reasonable accommodation when necessary. The following are essential abilities and physical requirements for all positions at the Bank:

• Ability to verbally communicate effectively with others,
• Ability to communicate effectively in writing, using the English language.
• Ability to accurately count and perform arithmetic calculations.
• Ability to work cooperatively with colleagues and supervisory staffs at all levels,
• Exposed to short, intermittent, and/or prolonged periods of sitting and/or standing in performance of job duties,
• Ability to use various types of equipment/supplies to include, but not limited to, computers, pens, pencils, calculators, telephone, etc. to accomplish job duties.
• Regular attendance
• Travel by car, airplane, bus, or train to other Bank offices and on occasion, to other sites to attend meetings, conferences, workshops, seminars, etc.
  
  

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status.

Benefits

401(k)

401(k) matching

Dental insurance

Employee assistance program

Health insurance

Life insurance

Paid time off

Vision insurance

Physical Setting

Office

Schedule

8 hour shift

Monday to Friday

Application Question(s)

Will you now, or in the future, require sponsorship for employment visa status?

Ability To Commute

Los Angeles, CA (Required)

Ability To Relocate

Los Angeles, CA: Relocate before starting work (Required)

Work Location: In person