Lead, Compliance Assurance & Regulatory Risk Testing

TowneBank; Suffolk (VA); On-site; USD 95,000 - 120,000; Full time

Job summary

TowneBank seeks a senior leader to head the Compliance Assurance Program, driving the execution and continuous enhancement of regulatory testing and assurance across the bank. The role directs a team of professionals, shapes testing methodologies, and reports results to senior management, partnering with risk and business lines to strengthen TowneBank's controls and risk posture.

The ideal candidate will develop schedules, oversee issue tracking, and ensure timely remediation aligned with

Qualifications

• Bachelor’s degree in business, finance, accounting, risk management, or related field.
• 8–12 years of experience in compliance testing, compliance risk management, or audit.
• 5–8 years of experience managing compliance professionals.
• Strong knowledge of U.S. banking laws and regulations applicable to mid-sized banks or larger.
• Experience designing or executing risk-based compliance testing programs.

Responsibilities

• Develop, manage and submit for approval Towne’s risk-based compliance testing schedule.
• Ensure testing methodologies, workpapers, sampling techniques, and reporting align with regulatory expectations and Towne’s procedures.
• Evaluate control effectiveness and identify improvement opportunities.
• Train, manage, and oversee Compliance Assurance Program team members.
• Escalate issues promptly and ensure timely completion of the annual plan.
• Oversee and ensure regulatory testing procedures and issue management framework are followed.
• Prepare reports and executive summaries for Regulatory Compliance leadership and regulators.

Skills

Communication

Detail-orientation

Independence

Interpersonal skills

Presentation skills

Research & comprehension

Microsoft Office

Team leadership

Education

Bachelor’s degree in business, finance, accounting, risk management, or related field

Tools

Microsoft Office

GRC software

AI tools for compliance

Job description

TowneBank seeks a senior leader to head the Compliance Assurance Program, driving the execution and continuous enhancement of regulatory testing and assurance across the bank. The role directs a team of professionals, shapes testing methodologies, and reports results to senior management, partnering with risk and business lines to strengthen TowneBank's controls and risk posture.

The ideal candidate will develop schedules, oversee issue tracking, and ensure timely remediation aligned with