About the role

DVP/VP - Current Account Compliance

Job Summary:

The DVP/VP of Current Account Compliance plays a critical role in ensuring adherence to regulatory requirements and internal policies within the banking sector. This position is pivotal in safeguarding the organization’s integrity and reputation by leading compliance initiatives and fostering a culture of accountability and ethical conduct.

Key Responsibilities:

Develop and implement robust compliance frameworks for current account operations to ensure full regulatory adherence.
Conduct regular risk assessments and compliance audits, identifying areas for improvement and mitigating potential risks.
Collaborate with cross-functional teams to ensure compliance training is effectively delivered and understood by all relevant stakeholders.
Monitor and report on developments in legislation and regulations, advising senior management on necessary policy adjustments.
Lead investigations relating to compliance breaches, ensuring corrective actions are implemented promptly.
Build and maintain strong relationships with regulatory bodies and industry organizations to stay informed on compliance trends.
Prepare compliance reports for executive management and board committees to ensure transparency and accountability.

Requirements:

Bachelor’s degree in Finance, Law, Business Administration, or a related field; a Master’s or relevant certification is a plus.
Minimum of 8-10 years of experience in compliance within the banking or financial services sector.
In-depth understanding of current account regulations and compliance-related challenges.
Strong analytical skills to interpret complex regulatory requirements and internal policies.
Excellent communication skills, both verbal and written, with the ability to influence stakeholders at all levels.
Proficient in compliance software and tools for monitoring and reporting.
Proven leadership and team management experience, with the ability to mentor and develop compliance staff.

Preferred Qualifications:

Advanced certifications such as CAMS, CRCM, or equivalent compliance certification.
Experience in developing and leading compliance training programs for diverse audiences.
Familiarity with automated compliance systems and risk management frameworks.
Demonstrated ability to navigate complex regulatory environments and resolve compliance-related issues creatively.

Benefits:

Competitive salary with performance-based bonuses.
Comprehensive health, dental, and vision insurance plans.
401(k) retirement plan with company matching contributions.
Flexible work arrangements, including remote work opportunities.
Generous paid time off policy and holidays.
Continuous learning and development opportunities, including tuition reimbursement.
Supportive company culture that promotes work-life balance and employee well-being.

DVP/VP- Current Account - Compliance