Compliance Director Ii Section 1071 Program Head

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Compliance Director II – Section 1071 Program Head

The candidate will be managing the second line team being created to identify, implement and continually execute the small business data collection and reporting requirements under pending Section 1071 of the Dodd-Frank Act (Section 1071), in coordination with first line business partners. Working cross functionally to initially establish the Section 1071 Compliance program and business requirements across the firm , and then will be overseeing the newly created Compliance team on an ongoing basis to manage compliance with and maintain reporting of small business lending data under the new CFPB legislation. Developing and maintaining a robust compliance program, with a focus on compliance with Section 1071, and other small business regulatory guidance all laws, regulations, and other guidance related to the implementation and execution of the new legislation assigned business and operational activities. Providing strategic leadership to set Sets strategy and design and implement the enterprise direction of program for compliance with Section 1071functional area. Scope of coverage may will include one or more large business units or compliance functions and management of other managers. Identifying and mitigating compliance risks proactively and maintaining a strong regulatory relationship with all applicable regulators. Developing sufficient internal controls to promote an effective compliance control environment related to Section 1071. Performing periodic risk assessments and monitoring of business and operational activities to identify compliance gaps or reporting deficiencies and potential exposure related to Section 1071. This role will work closely with other team members of the Fair & Responsible Banking Compliance Group to ensure that results and data analysis is performed to meet regulatory requirements. Partnering with business units to remediate compliance findings identified in internal and external examinations and audits. Providing strategic leadership to design and implement compliance standards and procedures to mitigate compliance risks and improper conduct, ensuring these standards are institutional throughout the business units, and monitoring compliance with such standards. Provide reports and summaries of compliance risks for aggregation up to Risk Committees, as applicable. Keep pace of demands of business by anticipating problems, offering appropriate solutions and providing the necessary leadership to implement changes effectively. Bachelor’s degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience is required. MBA, Juris Doctorate or other advanced degree is preferred. Should have 15+ years of financial industry experience, including extensive compliance/risk management and leadership/managerial experience. Should preferably have 15+ years of compliance, legal or management experience at large financial institution. Certify Regulatory Compliance Manager (CRCM) is preferred.

Additional Information

Job ID: R0069787

Company info

Truist Financial Corporation
112 south tryon street
Charlotte
North Carolina
United States 28284
Website : https://www.truist.com/