Senior Vice President, Compliance

Executives Unlimited Inc. - Los Angeles County , CA

JOB TITLE: Senior Vice President, Compliance

COMPANY BACKGROUND: The Company is a financial institution that specializes in commercial and small business banking. The company is one of the strongest banks in the country as measured by a variety of industry measurements and employs approximately 800 employees throughout its 27 branches in Los Angeles, Santa Barbara and Orange counties. The bank is known for long-term, high net worth clients similar to that of private banking, rapid decision making and conservative lending practices.

OVERALL OBJECTIVES: The SVP Compliance will report to the Chief Risk Officer and will be responsible for the implementation and monitoring of compliance programs across all divisions of the Bank. This role will present to the Executive Committee and the Board of Directors on compliance matters and proposed compliance changes that would affect the institution. The SVP Compliance will create and develop the strategy as well as administer the Bank’s compliance program to ensure adherence with state and federal banking laws and regulations, including but not limited to, fair lending, privacy, consumer protection, and public interest laws and regulations. They will oversee the Bank’s Community Reinvestment Act (CRA) and compliance training programs and identify new/revised statutes and regulations impacting the Bank. This position serves as an ombudsman to the organization as the primary contact with regulators from the Federal Reserve Bank of San Francisco and California Department of Financial Protection & Innovation for safety & soundness, target and compliance examinations of the Bank. This position manages a team of compliance professionals and will ensure training and mentorship while providing a proactive compliance management process that supports the Bank’s strategic goals.


Monitors all legislative and regulatory compliance issues for the Bank and supports all compliance audits and exams.

Supports the CRO in evolving the Bank’s ERM program and strengthening the Bank’s 2 Line of Defense (LOD).

Communicates new regulatory requirements to business unit management and other personnel and actively assists Bank personnel in understanding and implementing changes to comply with compliance changes.

Creates and reviews internal regulatory compliance documentation.

Coordinates the creation, review and implementation of policies and procedures resulting from new laws and regulations and supports the Bank’s policy governance process.

Assists with the implementation of new regulations or material changes in existing regulations.

Evolves and administers a compliance management system that aligns to the Bank’s ERM standards that includes compliance risk assessments on regulations, compliance monitoring and sampling and testing of compliance materials from the 1st and 2nd LOD.

Prepares periodic reports to Management and the Risk & Compliance Committee of the Board of Directors detailing enterprise-wide compliance activity and results highlighting concerns and risks.

Provides guidance and direction to management on pertinent issues such as training, compliance procedures, corrective action, and comments on proposed ruling(s).

Coordinates the Compliance Committee as a forum to encourage the free flow of information with line management, implementing new requirements and correcting weaknesses.

Serves as regulatory liaison; reviews and prepares correspondence to regulatory examinations.

Oversees the activities of the CRA Officer and Fair & Responsible Lending Officer to ensure satisfactory CRA and fair lending performance, respectively.

Manages a staff of compliance professionals and works to continually develop staff knowledge and skills, motivates performance and retains talent.

Manages the Bank’s customer complaint process and reporting.

Responds to inquiries on customer complaints and other items from regulatory agencies.

Interfaces with key executives and senior leaders to maintain or enhance awareness and knowledge of compliance consideration in their business areas.

Reviews and updates Compliance Department Policies and Procedures.

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements.


Minimum of fifteen (15) years of prior Bank compliance experience as a Chief or SVP Compliance Officer, with at least 5 years of experience of compliance management at a regional bank.

Must have demonstrated experience providing strategic direction to ensure that compliance risk is appropriately identified, measured, mitigated and managed throughout the Bank.

Required knowledge of the following: Regulation CC, Regulation DD, Regulation E (EFT), FDIC Insurance, Privacy Laws, Regulation BB (CRA), Regulation B (ECOA), Regulation X (RESPA), Regulation Z (Truth about Lending), Fair Credit Reporting Act, UCC, Deposit Products, Investment Products, Loan Products, Loan Documentations, Account Services, Trust Services, Bank Operations

Strong managerial skills, with the ability to lead, mentor and manage a specialized team of compliance professionals.

Must comply with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements.

Strong written and oral communications skills, with an ability to share

Information top down and bottom up.

Solid presentation skills, effectively communicating in an executive and Boardroom setting.

A self-starter, with the ability to work independently.

Must possess strong critical thinking, judgment & problem-solving skills.

Ability and desire to foster and interact in a team environment, and willingness to contribute to team efforts.

COMPENSATION RANGE: Compensation is commensurate with demonstrated experience.

EDUCATION: A Bachelor’s degree in a related discipline with regulatory experience is required. An advanced degree is a plus.

A Certified Regulatory Compliance Manager (CRCM) designation is a plus.

LOCATION: Los Angeles County, CA

Posted On: Tuesday, March 26, 2024

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