Executive Director leading firm - wide Compliance Risk Assessment program for SMBC Group in financial services. Managing CRA process and collaborating with regulatory stakeholders.
About the role
- Chief Compliance Officer establishing risk management and compliance frameworks for Sezzle Bank ILC. Managing regulatory compliance and risk in financial services with a focus on BSA/AML and OFAC.
Responsibilities
- Design, implement, and oversee a comprehensive second-line risk management framework.
- Identify, assess, monitor, and report on all categories of risk, including credit, liquidity, market, operational (including legal, compliance, and technology), and model risk.
- Define and enforce enterprise-wide risk appetite, risk limits, and escalation procedures.
- Serve as the principal advisor to the CEO and the Board Risk and Compliance Committee on risk matters.
- Identify and evaluate emerging risks, particularly in relation to new products, services, or markets.
- Supervise the Compliance Officer, who will lead the Bank’s consumer compliance program and serve as the Community Reinvestment Act (CRA) Officer.
- Ensure adherence to all federal and state compliance regulations, including fair lending, UDAAP, ECOA, HMDA, and more.
- Oversee implementation of complaints handling, compliance training, and monitoring programs.
- Supervise the BSA Officer, who will be responsible for developing and maintaining the Bank’s BSA/AML and OFAC policies and procedures.
- Conduct institution-wide BSA/AML/OFAC risk assessments.
- Ensure operational effectiveness of all controls related to BSA/AML and sanctions compliance.
- Coordinate training, regulatory reporting (e.g., SARs/CTRs), and system monitoring.
- Ensure timely and accurate reporting to the Board and regulators on the health of the BSA/AML/OFAC program.
- Oversee the Bank’s Chief Information Security Officer (CISO) and ensure the protection of customer data and the integrity of information systems.
- Monitor cybersecurity risk and ensure proper governance and incident response protocols.
- Develop and manage a model governance framework, including model risk policies, inventory, validation, and documentation standards.
- Serve as the Bank’s primary contact with regulators for all risk and compliance-related matters.
- Prepare for and respond to regulatory examinations and inquiries.
- Support internal and external audit processes and oversee remediation of findings.
- Ensure risk and compliance frameworks support business strategy and regulatory expectations.
- Develop strong working relationships with business units to provide insight and support on risk and compliance matters.
- Report to and advise the Board Audit / Risk and Compliance Committee, including regular updates on key risk indicators, regulatory changes, and program enhancements.
Requirements
- Must reside in or be willing to relocate to Utah (on-site presence required).
- Minimum of 10 years of experience in financial services risk and compliance, with at least 5 years in a senior leadership role.
- Demonstrated expertise in BSA/AML and OFAC compliance, including program management and regulatory interaction.
- Strong knowledge of applicable banking laws and regulations, including FDIC, FRB, FinCEN, and Utah state regulatory frameworks.
- Experience managing or overseeing Compliance Officers, BSA Officers, and information security functions.
- Exceptional communication skills with the ability to engage effectively with regulators, Board members, and cross-functional leaders.
Benefits
- Competitive executive compensation package including base salary, performance bonus, and equity incentive.
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Degree requirement
No Education Requirement
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