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Director of Compliance
JOB SUMMARY: Works with the Director of Regulatory Risk Management to establish and provides oversight of an effective compliance management program for StellarOne Corporation and its affiliates. Provides leadership to the Compliance staff and ensures adequate resources are efficiently and effectively allocated to achieve the corporate objectives related to compliance. Partners with the various work units within the company to develop processes and procedures that ensure corporate-wide compliance with all applicable regulations. Works with senior management to provide guidance on matters related to compliance and coordinates the communication of relevant data to senior management to assist in the establishment of prudent risk parameters for the company.
ESSENTIAL DUTIES OF THE POSITION: Develops, initiates, and maintains and effective compliance management program for StellarOne Corporation and its affiliates to assure the necessary level of adherence to all applicable laws and regulations. Partners with all business units within the company to develop effective lines of communication on compliance matters so that organizational standards, guidelines and processes are established and followed to ensure adherence to applicable laws and regulations. Establishes an ongoing monitoring process of company-wide adherence to communicated compliance standards and guidelines. Establish and implement periodic reviews of the corporation’s compliance with regulatory requirements. Report any deficiencies to management and the Board where appropriate. Reports periodically to the designated Board Committees the ongoing activities, objectives and overall effectiveness of the compliance program in reducing our vulnerability to compliance violations. Monitors and keeps current with laws, regulations, and industry standards that are applicable to StellarOne Corporation to assure our compliance program is adequately addressing pertinent matters. Communicates all issues and applicable information to appropriate areas. Partners with the Professional Development Center to develop and monitor the ongoing education and training of employees on applicable laws and regulations. Partners with Human Resources and the Professional Development Center to ensure adherence to established compliance standards is incorporated in employee performance evaluations. Adheres to all bank policies and regulations applicable to this position. Performs all other duties that may be assigned.
EDUCATION: Bachelor’s Degree and specialized training with regulatory compliance. Certification as compliance professional (CRCM, CAMS, etc.) is a plus.
EXPERIENCE: Five or more years of experience managing a compliance program or significant component of a compliance program. A Strong knowledge of federal and state banking laws and regulations and compliance management practices as well as knowledge of financial institution policies and procedures. Ability to apply common sense and use good judgment in interpreting regulatory requirements and applying them to the corporations processes, policies and procedures.
MENTAL & PHYSICAL QUALIFICATIONS: Must be able to focus on reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions. Must be able to travel to various locations within and outside of the company.
SPECIAL SKILLS: Excellent knowledge of Federal and State banking laws and regulations. Working knowledge of financial institution operations. Strong analytical and decision making abilities. Demonstrated ability in organization and delegation skills. Excellent interpersonal and communication skills, both verbal and written. Ability to research, analyze and recommend improved processes. Ability to effectively lead a team in the execution of the compliance program. PC proficiency with working knowledge of Word and Excel and aptitude for software to enhance the efficiency of the compliance department.
TRAINING: Maintain up-to-date working knowledge of specific laws and regulations through regulatory publications, in-house resource materials, and external training opportunities.
