Compliance Manager Jobs

Chief Audit Risk & Regulatory Compliance Officer

Our Client, a profitable, reputable, solid and secure community based public savings bank is in search of a seasoned Chief Risk Officer. This person should be well versed in all regulatory banking requirements typical of a $Billion dollar bank.

Position Summary:
The Chief Risk Officer will assist and manage an independent firm engaged for the purpose of conducting internal audit work for the Company, serve as liaison to the Company's external auditor and primary regulators, the Office of Thrift Supervision, and assist the Board of Directors and Senior Managers of the Company with meeting all industry compliance requirements. The incumbent will also be responsible for the development and management of the Bankˇ¦s SOX 404 compliance design and implementation, in collaboration with outside consultants. In addition to SOX responsibilities, the incumbent may also perform functions in the Accounting and Finance Department on an ad hoc basis.

Essential Duties and Critical Responsibilities:

• Oversee the Audit service functions provided by the external audit firm.
• Assist in the development of risk assessments, audit plans, audit programs and audit reports.
• Determine and approve risk, scope and frequency of audit services to be provided by external audit firm.
• Review work performed by external audit firm to determine that it meets the requirements of the Bank and the Finance and Audit Committee of the Board of Directors.
• Maintain contact with representative of the Office of Thrift Supervision and other regulatory authorities to coordinate periodic examinations.
• Develop, maintain and annually obtain approval of the Audit Charter.
• Work with Senior Managers of the Bank to educate and coach them on timely, accurate and complete preparation for internal audits and periodic external audits and regulatory examinations.
• Review contract services of external audit firm on an annually basis and submit results to the Finance and Audit Committee.
• Responsible for all compliance related activities of the Bank.
• Respond to compliance questions (i.e. BSA, General Compliance Privacy) including implementation and monitoring strategies.
• Develop a testing plan and perform periodic risk assessments of the companyˇ¦s internal controls as required.
• Manage or prepare documentation, review and walk-through of all Standard Operating Procedures.
• Track identified deficiencies and work with business owners towards resolution.
• Manage the external audit of SOX 404 and the Bank's SOX 302 certification process.
• Review all new accounting pronouncements and their applicability to the Bank.

• 7-10 years of experience in increasingly responsible positions in internal audit or public accounting with a principal focus on banking.
• 6 years of regulatory compliance examination or compliance officer experience
• Strong proficiency in auditing, accounting standards and principles; CPA or other professional certification preferred.
• Strong knowledge of bank regulatory issues, rules and regulations at the Federal, State and local levels, and experience with such agencies.
• Strong knowledge of SOX
• Knowledge of fraud prevention and detection.

• Strong leadership and project management skills.
• Excellent communication and documentation skills.
• Attention to detail and commitment to meeting deadlines.
• Understanding of the SEC implementation rules related to SOX 302 and 404 compliance.
• Understanding of Generally Accepted Accounting Principles (GAAP).
• Ability to effectively present information to management, auditors and regulators and respond to questions from same.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstracts and concrete variables.