Bank Compliance Director

POSITION SUMMARY

The Compliance Director will oversee two distinct lines of compliance within the bank: the traditional (core) compliance environment and the Fintech (National Product) compliance environment. This role requires a seasoned compliance professional with a minimum of 10 years of experience and a deep understanding of regulatory frameworks, with significant emphasis on EFTA, TILA, TISA and UDAAP.  This role interacts with internal stakeholders and external partners, as well as all levels of management, the Board, and external auditors / examiners. Initially, this role will report to the Director – ERM & Compliance to facilitate the transition of responsibilities, and thereafter, it will report directly to the Chief Risk Officer. The compliance function does not include BSA/AML or Community Reinvestment Act responsibilities.

 

ESSENTIAL FUNCTIONS

•  Establish and pursue strategic vision for Compliance Function with a growth, efficiency, and empowerment mindset
•  Deliver strategic advisory compliance opinions on new or modified lines of business to support bank strategy
•  Guide the compliance team in planning, talent development, and organizational effectiveness, ensuring readiness for future challenges and opportunities
• Oversee compliance functions for traditional banking products, including deposit products, consumer loans, mortgages, commercial loans, purchased loan pools, serviced portfolio, etc.
• Oversee compliance programs for the bank’s Fintech products, working closely with over a dozen partners to deliver prepaid cards, credit builder loans, credit cards, small dollar consumer lending, deposit products, and other innovative products on a national scale.
• Develop, implement, and maintain compliance frameworks, policies, and procedures to ensure adherence to all regulatory requirements and best practices.
• Develop and direct regular compliance reviews, risk assessments, key risk indicators, complaints, and day-to-day oversight of bank activities to identify and mitigate compliance risks.
• Collaborate with internal and external stakeholders, including the Chief Risk Officer, ERM, senior management, and regulatory agencies, to ensure effective communication and alignment on compliance matters across all business lines.
• Provide training and guidance to staff on compliance issues, fostering a culture of compliance across the organization.
• Stay current on regulatory developments and industry best practices; proactively adapt compliance strategies to address emerging challenges and opportunities.
• Prepare and present compliance reports and findings to committees, senior management, and the Board of Directors.

 

KEY COLLABORATORS
All business lines including Executive Management, Credit, Finance, National Products, Revenue, Information Technology & Security, BSA/AML, Third Party Risk, & Marketing. This role directly engages with external partners, executive leaders, and the Board on a routine basis.

 

SUPERVISORY RESPONSIBILITIES

This position directly supervises the Sr. Manager – Compliance National Products, Manager – Compliance Core Bank, Compliance Advisor, and indirectly leads the larger compliance team of analysts.  Responsible for the hiring, performance management and development of these employees.

 

COMPETENCIES

• Sunrise Core Values
• Individual Contributor Competencies
• Manager Competencies
• Subject Matter Expertise
• Change Champion
• Influencing Skills
• Strategic Thought
• Conflict Resolution

 

EDUCATION & EXPERIENCE

• High school degree or GED Required
• 4 Year college degree in business related field preferred.
• Experience with fintech partners strongly preferred.
• 10+ years banking compliance experience required, with at least 3 years in a senior or executive leadership role.
• Compliance related certification required (CRCM, CCEP, etc.)
• Demonstrable mastery of compliance regulation
•  Strong analytical skills with the ability to assess complex regulatory issues and provide actionable recommendations and accurate interpretation
•  Excellent interpersonal, written, and verbal communication skills, with the ability to engage effectively with diverse stakeholders.
•  Tech-savvy and forward-thinking, with a passion and ability to leverage technology to enhance compliance processes.
• Proven leadership skills with experience managing and developing compliance teams.

 

COMPENSATION & BENEFITS

Annualized salary range:  $120,000 - $180,000 annually, dependent on qualifications.

Eligible benefits include: Medical, Dental and Vision insurance, Retirement (401k) savings, Life and AD&D insurance, Short and Long-term disability insurance, Paid Time Off (PTO), Volunteer Time Off, Paid Parental Leave, Pet Insurance, and more.  Details at www.sunrisebanks.com/about/careers/.

 

 

This Position Summary reflects management’s assignment of major responsibilities, which represent the majority of essential functions.  It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.  They may be subject to change at any time due to reasonable accommodation or other reasons