Director of Compliance

Versique Executive, Professional & Interim Recruiting; Minneapolis (MN); On-site; USD 140,000 - 160,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

HSA

Life Insurance

Paid Vacation

Sick Time

Retirement Plan

Job summary

Versique Executive, Professional & Interim Recruiting seeks a Director of Compliance for an onsite role in the Minneapolis area. The role will develop and manage the bank’s compliance program, serving as the Bank’s Compliance Officer and advising senior leadership on regulatory requirements.

The position involves mentoring the compliance team, overseeing regulatory filings, audits, risk assessments, and remediation plans, and ensuring consistent policy application across the organization to

Qualifications

• Bachelor degree required with at least ten years of related experience or equivalent
• Industry certifications preferred: CCEP, CRCM, CIA or similar
• Experience in large, complex financial institution with diverse product lines

Responsibilities

• Develop, implement, and administer the bank’s compliance framework and program.
• Advise senior leadership on regulatory requirements and compliance risks.
• Develop and mentor compliance team members and serve as Compliance Officer.
• Monitor changes in deposit and lending regulations and disseminate guidance to staff.
• Coordinate regulatory filings, examinations, and reporting obligations.
• Conduct risk assessments and implement remediation plans to mitigate risks.
• Track and report key compliance metrics to leadership and Board.

Skills

Leadership

Regulatory knowledge

Strategic thinking

Mentoring

Education

Bachelor of Arts or Sciences

CCEP certification

CRCM certification

CIA certification

Job description

The Director of Compliance has an in-depth knowledge of regulatory compliance related to lending and deposit compliance. This position will develop and manage the bank’s compliance management program and procedures related to compliance for the bank. This role provides strategic leadership and mitigates regulatory risk. This position has management responsibility.

Worksite Location: Onsite; candidate may sit in Minneapolis, MN; Aberdeen, SD; Sioux Falls, SD; or Fargo, ND

Salary Range: $140,000 - $160,00 base salary (est.) based on qualifications and experience

Benefits: Health Insurance - family and individual (100% premium paid by Bank), dental insurance (100% premium paid by Bank), Health Savings Account (HSA), life insurance - family and individual, paid vacation + sick time, retirement plan options, and additional perks + benefits

Roles & Responsibilities

• Develop, implement, and administer all aspects of the Bank’s compliance framework and program.
• Serves as a trusted advisor to senior leadership on regulatory requirements and compliance risks. Works with bank management and department leaders on company projects and initiatives.
• Develop and mentor compliance team members.
• Serves as the Bank’s Compliance Officer.
• Maintain a proficient knowledge of all applicable banking rules and regulations, staying abreast of changes in deposit and lending regulations and guidelines.
• Review new and proposed regulations, assess impact on Bank’s products and initiatives, oversee regulatory change management, and disseminate information to staff related to compliance and other topical subjects.
• Coordinate regulatory filings, examinations, and reporting obligations.
• Conduct compliance and privacy risk assessments and identify areas of exposure.
• Develop and implement remediation plans to mitigate identified risks.
• Track and report key compliance metrics to senior leadership and the Board.
• Oversee compliance monitoring, internal audits, and control reviews.
• Review complaint data and trend analysis, coordinating with Legal to identify and elevate potential systemic issues.
• Develop, maintain, and communicate compliance policies, standards, and procedures.
• Ensure policies are consistently applied and enforced across the organization.
• Collaborate with operations to ensure documents and disclosures are accurate, compliant, and appropriately developed and maintained.
• Develop, coordinate, and facilitate compliance training programs for bank personnel.

Required Education & Experience

• Bachelor of Arts or Sciences degree from accredited four-year college or university and at least ten (10) years of related experience or an equivalent combination of education and experience.
• Completion of industry certification is preferred:
  • Certified Compliance & Ethics Professional (CCEP)
  • Certified Regulatory Compliance Manager (CRCM)
  • Certified Internal Auditor (CIA) or similar
• Experience working within a larger, more complex financial institution with a broad product portfolio and diverse business lines
• Experience supporting complex functions and operating within a similarly scaled, growth-oriented organization preferred

Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.