SVP Risk & Compliance

KLR Executive Search Group LLC; Boston; On-site; GBP 90,000 - 150,000; Full time

Job summary

A leading financial institution seeks a Senior Vice President, Director of Risk & Compliance. This role involves overseeing risk management and compliance functions, leading committees, and liaising with auditors and regulators. The successful candidate will demonstrate strong leadership and a track record in financial services risk management.

Qualifications

• Proven track record in financial services risk management.
• Strong knowledge of risk management practices and laws.
• Experience with data analytics and compliance functions.

Responsibilities

• Serve as principal Risk Management Officer and Compliance Officer.
• Oversee organization-wide risk management and compliance plans.
• Chair Risk Management and Compliance Committees.

Skills

Risk management

Compliance

Leadership

Communication

Project management

Education

Certified Regulatory Compliance Manager (CRCM)

Job description

We are delighted to share with you the exciting Senior Vice President, Director of Risk & Compliance retained search we are leading for our long-time Client, BankFive (www.bankfive.com).

Based in Fall River, MA, BankFive is a growing, progressive financial institution with $1.9 billion in assets and an excellent reputation. The Bank has thirteen locations, from Fairhaven to Swansea to Bristol, RI. The Bank also has Loan Production Offices in Cranston, RI; Hyannis, MA; and Westport, MA; as well as a Mortgage office in Wrentham. The Board’s vision is to remain an independent full-service bank, provide premier financial services, and deliver a superior level of “high touch” customer service.

This is a collaborative environment with a strong leadership team that values employees. The Bank’s many community accolades include being named one of the Top Places to Work and a Diversity, Equity, and Inclusion Champion (2024 - Boston Globe) and a Best Places to Work in Rhode Island (2023, 2024, and 2025 - Providence Business News). As an integral member of Senior Management, the SVP will have regular access to the Board.

Key Responsibilities:

• Serve as the principal Risk Management Officer and Compliance Officer, overseeing BSA, Vendor Management, Customer Information Security, Complaint Management, CRA, and Fair Lending.
• Provide for an effective organization-wide “Enterprise Risk Management and Compliance” plan.
• Chair the Risk Management Committee and the Compliance & CRA Committee.
• Serve as liaison with auditors and regulators for all audits, compliance reviews, and examinations.

The successful candidate will bring:

• Successful track record managing/leading a financial services risk management function that includes operational risk and compliance (or equivalent).
• Strong knowledge of risk management practices and assessment techniques. Experience with data analytics, risk assessments, project management, program development, and/or policy reviews.
• Excellent leadership, management, communication, and project management skills.
• Knowledge of relevant state, federal, and governmental laws/regulations.
• Certified Regulatory Compliance Manager (CRCM) certification (or equivalent).