Head of Consumer Lending Compliance

City National Bank; Charlotte (NC); On-site; USD 141,000 - 264,000; Full time

Job summary

Join a forward-thinking financial institution as the Head of Consumer Lending Compliance. This pivotal role involves overseeing compliance programs, managing regulatory changes, and ensuring adherence to laws and regulations. With a strong emphasis on client relationships and community integrity, this position offers a unique opportunity to shape compliance strategies while fostering a diverse and inclusive workplace. If you have extensive experience in compliance and a passion for regulatory excellence, this role is an exciting chance to make a significant impact in the financial services sector.

Benefits

Comprehensive healthcare (Medical, Dental, Vision)

401(k) with company match

Tuition reimbursement

Paid time off

Career mobility support

Colleague Resource Groups

Qualifications

• 10+ years of experience in lending and regulatory reporting.
• Strong knowledge of banking compliance laws and regulations.

Responsibilities

• Manage compliance programs and monitor adherence to regulations.
• Provide guidance to business areas and assist with regulatory examinations.

Skills

Regulatory Compliance

Risk Management

Data Management

Analytical Skills

Communication Skills

Education

Bachelor's Degree

Job description

Join to apply for the Head of Consumer Lending Compliance role at City National Bank

4 days ago Be among the first 25 applicants

What Is the Opportunity?

The Head of Consumer Lending Compliance will act in a compliance advisory role supporting consumer banking on matters of regulatory compliance. The role will be responsible for managing and maintaining assigned areas of the compliance program, including monitoring business area compliance with applicable laws, rules, and regulations, and ensuring effective controls are in place to mitigate compliance risk. Additionally, the role will maintain regulatory change management, policies and procedures, and training. This position oversees and periodically analyzes the Bank's Consumer Banking, assisting business areas to implement corrective actions to bring the risk to an acceptable level.

What Will You Do?

1. Serve as compliance subject matter expert for assigned areas.
2. Manage regulatory changes impacting business areas or support functions.
3. Monitor legislative, regulatory, and enforcement activity and trends for impacts on business line activities.
4. Provide compliance advice and guidance to business areas and support projects.
5. Assist with regulatory examinations and act as liaison with regulators.
6. Develop and maintain compliance policies and standards addressing key risk activities.
7. Support risk assessments and monitor adherence to guidelines, ensuring corrective actions are taken when needed.
8. Partner with front line risk functions to develop and evolve compliance programs.
9. Develop oversight routines of front line compliance programs and challenge deficiencies.
10. Implement corrective actions, track, report, and validate them.
11. Report risks to senior management and report on key or elevated risks to the Board.
12. Manage staff and coach colleagues on regulatory requirements.
13. Ensure adherence to all compliance policies, procedures, and regulatory requirements.
14. Oversee quality controls related to bank products, services, processes, and incentives.
15. Uphold the client-first culture and values as per City National’s PRIDE statement.

What Do You Need to Succeed?

Required Qualifications

• Bachelor's Degree or equivalent
• 10+ years of lending and regulatory reporting experience in data management
• 10+ years of management experience in compliance, risk management, or audit
• 7+ years of financial services experience

Additional Qualifications

• Advanced knowledge of banking compliance laws and regulations
• Ability to analyze complex situations and provide guidance or escalate issues
• Experience interacting with federal regulatory agencies
• Ability to work effectively in a fast-paced environment
• Strong organizational, analytical, and communication skills
• Effective interpersonal skills and time management
• Certifications such as CRCM, CIA, CFSA are a plus
• Experience with regulatory agencies and exam management

What’s In It for You?

Compensation

Starting salary: $141,830 - $263,408/year, with potential bonuses or commissions. Exact salary depends on skills, experience, and location.

Benefits and Perks

• Comprehensive healthcare (Medical, Dental, Vision)
• 401(k) with company match
• Tuition reimbursement and training resources
• Paid time off including vacation, sick, and volunteer days
• Health and family planning benefits
• Career mobility support
• Colleague Resource Groups

About Us

City National Bank, founded in 1954, is committed to integrity, community, and client relationships. A subsidiary of RBC, we foster a diverse and inclusive environment. Learn more at About Us.

Inclusion and Equal Opportunity Employment

We value diversity and are an equal opportunity employer. All qualified applicants will be considered without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status, or other protected status. Massachusetts law prohibits lie detector tests as a condition of employment.