Director Compliance Assurance Leader
If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
Job Summary:
The Director of Compliance Assurance Leader is responsible for ensuring that there is an effective Compliance Program in place for one or more Compliance functions and/or disciplines and various regulatory compliance matters. The Director of Compliance Assurance Leader will contribute to and assist with driving forward the strategic agenda for the Compliance Department. This position performs and manages on-going compliance reviews, inclusive of scope definition, attribute testing to ensure compliance with regulatory requirements, adequate workpaper preparation to support results and effective issue management. This role will ensure success by fostering and maintaining effective partnerships with internal stakeholders. Additionally, this role assists with ensuring that the Compliance Department is proactive in its efforts to respond to regulatory trends, direction, and guidance.
Job Responsibilities:
Execute the compliance monitoring and testing program ensuring sufficient testing is performed and adequate workpapers are developed and supporting documentation is maintained to support stated conclusions and issues noted.
Manage and mentor the Compliance Managers providing constructive feedback when necessary.
Multi-task between leading a team and working independently.
Assist in the issue management process and in the performance and maintenance of the compliance risk assessment.
Maintain the compliance portion of the Bank's control inventory, documenting the effectiveness of controls with the results of monitoring and testing.
Review new products and services after implementation to ensure compliance with applicable laws and regulations.
Coordinate regulatory examination efforts including the collection, review, and submission of requested documentation for Compliance-related examinations.
Ensure an in-depth subject matter resource level of knowledge of regulatory requirements, industry best practices and expectations to allow for appropriate levels of oversight to be maintained. Maintain knowledge of new or proposed rules and regulations and ensure proper inclusion and coverage within the Compliance Program testing.
Ensure compliance with all regulations, policies, and procedures. Assist with special projects and perform additional accountabilities as required.
Experience, Education, and skills:
Candidates with advanced degrees (Associates, Bachelor’s, and/or Master’s) preferred; a High School diploma or GED is required. Candidates with some combination of coursework and experience, or else extensive related professional experience, are eligible for consideration.
Internal Audit or prior testing experience preferred.
Certified Regulatory Compliance Manager (CRCM) or Certified Internal Auditor (CIA) certification strongly preferred.
Capable of producing high quality work product(s) and solutions under strict regulatory or management deadlines.
Strong written and verbal communication skills.
Effective project management, analytical skills, and PC skills.
At least 7 years of experience in Compliance and/or Audit within the Financial Services Industry.
The estimated salary range for this position is $150,00USD to $160,000USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.