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Regulatory Compliance Officer

Location: Columbia, MD

 

About Us

Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, Sandy Spring Bank may be the perfect fit for you!

 

Sandy Spring Bank is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been certified as A Great Place To Work®, recognized by The Washington Post and the Baltimore Sun as a Top Workplace, by Forbes magazine as the #1 Bank in Maryland, as well as by American Banker as a Best Bank to Work For. It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships.

 

To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a remarkable place to work and build a career.

 

About The Job

Sandy Spring Bank is currently recruiting for a Regulatory Compliance Officer. Responsible for formulating and executing a program designed to ensure bank compliance with consumer and commercial deposit and lending rules, regulations, laws and guidance.  The position is responsible for providing expert analysis, evaluation, direction, guidance and management reporting as it pertains to all consumer protection regulatory compliance functions and select safety and soundness regulatory requirements. 

 

Areas of focus:

Compliance Monitoring

  • Monitoring Program – Designs and conducts compliance-monitoring reviews of consumer and commercial deposit and lending functions and process responsibilities to ensure compliance with state and federal regulations and bank policies and procedures.
  • Reporting – Creates and prepares management reports through analysis of compliance monitoring review results.  Assists in preparation of board and management oversight reports on the status of organizational compliance. 
  • Coordinates with the bank’s internal audit program to provide for maximum oversight and efficiency through second line of defense and third line of defense coverage. 

Compliance Risk Assessment and Implementation

  • Formulates enterprise-wide policies and maintains a compliance manual to provide for coverage of existing and new regulatory requirements. 
  • Interprets and analyzes applicable consumer protection and banking laws and regulations.  Maintains proficient knowledge to function as internal consulting expert.
  • Obtains and maintains knowledge of bank services, products and procedures.
  • Leads projects to implement changes in laws and regulations and assess risk and impact to business unit processes.

Compliance Guidance/Advisory Services

  • Serves as a Subject Matter Expert in the following laws and regulations:  CRA, Fair Lending, HMDA, Regulation O, RESPA, TRID, TILA, TISA, ECOA, FCRA, Bank Security, Americans with Disabilities Act, ESIGN, contract law, real estate law, and others.
  • Consults with business units to provide compliance guidance/assistance for implementation of changes to operating policies and procedures pertaining to existing or new consumer laws, regulations, or product changes. 
  • Assists in the planning and delivery of consumer compliance training for business units and branch personnel.
  • Reviews advertising and marketing promotions for compliance with regulatory requirements.  Advises management on changes necessary to maintain compliance.
  • Serves as internal consulting expert for bank regulators and internal audit personnel. 
  • Conducts miscellaneous compliance related duties as required. (exam coordination, branch signage, intranet updates, ID Theft Program update, BSA assistance as applicable)

 

Required Skills:

  • Work requires a minimum of 10 years of proven and progressive experience in financial services compliance with a preferred concentration in consumer deposit and lending functions. Bachelor’s degree required.
  • Working knowledge of desktop computer applications (Word, PowerPoint, Excel).
  • Expert verbal and written communication skills are essential in order to provide guidance to business units on regulatory requirements and issues and to prepare reports on the results of compliance reviews.  Appropriate interpersonal skills are needed to maintain a positive rapport within the organization.
  • Position requires a high level of internal and external contacts to evaluate and make recommendations on complex and varied issues.  Works with all levels of management to resolve complex issues.  Must be able to develop procedures and present formal training internally.
  • Ability to work independently and take decisive action.
  • Well-developed negotiation, analytical, problem-solving and project management skills.

 

SPECIFIC PHYSICAL REQUIREMENTS:

Work requires reasonable mobility in and around the work area.  Ability to use standard computer and phone systems is required

 

WORKING CONDITIONS:

Normal office environment where there is almost no discomfort due to temperature, dust, noise, or other disagreeable elements.

 

Work includes little or no potential exposure to hazardous conditions.

 

Must be able to travel to remote company and/or client locations.

 

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification.  They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.

 

Sandy Spring Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. We maintain a drug-free workplace environment.

 

Sandy Spring Bank requires COVID-19 vaccination(s) as a condition of employment for all employees.  Submission of Covid-19 Vaccination Card is required if hired.  Accommodations may be available for those who are unable to be vaccinated for medical or religious reasons.

 

If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis.