Director of Compliance at Bank of Guam

, Guam, United States -

Full Time

Start Date

Immediate

Expiry Date

22 Apr, 26

Salary

0.0

Posted On

22 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Communication Skills, Team Management, Relationship Building, Analytical Thinking, Problem Solving, Policy Development, Risk Management, Compliance Monitoring, Training and Education, Negotiation Skills, Conflict Resolution, Research Skills, Performance Management, Organizational Skills, Adaptability, Ethical Standards

Industry

Banking

Description

At the Bank of Guam it all starts with HEART! We are on a mission to delight customers by delivering exceptional service and being there for them when they need us most – just like family. We demonstrate that level of care by being AUTHENTIC, COMPASSIONATE, COURAGEOUS and PERSEVERING in all our interactions. To that end we encourage all employees to find their passion and be their best selves for our customers, fellow employees, and the greater community. We do this by: LIVING THE BRAND and leading with heart and exceeding expectations EMBRACING THE JOURNEY by accepting change and challenging others to do the same BEING AN OWNER of our career and taking responsibility for our actions LOVING TO LEARN by committing to personal growth and development General Summary: The Director of Compliance is responsible for developing, implementing, and maintaining controls and monitoring systems to minimize potential losses associated with critical risk areas. This role ensures the organization’s compliance with all applicable laws, regulations, and internal policies by leading a high-performing compliance team, collaborating with stakeholders, and supporting the organization’s mission and values. The Director of Compliance provides guidance on regulatory matters, oversees risk management strategies, and fosters a culture of integrity, accountability, and continuous improvement throughout the organization. Category of Essential Functions & Task FLSA Class % Time Manage the Team/People Exempt 15% * Recruit, train, empower and support a dynamic, highly motivated and creative team. * Inspire, coach and develop staff to reach peak performance, achieve goals and foster growth – both vertically and horizontally within the organization and across the industry. * Track and monitor individual and team performance, provides regular feedback making recommendation for improvement and offering praise and kudos for excellent, beyond the call of duty and work. Manage the Relationship Exempt 10% * Collaborate with internal key stakeholders to maintain compliance awareness. * Act as a liaison between corporate and the assigned industry group or region in matters regarding compliance. * Direct and assists lower-level staff with the development or revision of policies, procedures, contracts, and agreements to ensure compliance. Manage the Experience Exempt 10% * Proactively role model our bank brand personalities and build meaningful connections with employees, customers and vendors. * Demonstrate highly developed leadership and communication skills, both written and oral. * Coordinate the review and interpretation of new and pending laws and regulations with the Operations Manager, which potentially affect the organization’s business practices for the assigned division or region. * Provide on-going support to the Bank and Compliance Officers on a day to day basis by conducting research and responding to inquiries. * Represent/participate in Bank sponsored events and community outreach programs. Manage the Business Exempt 30% * Oversee a continuing training program, assisting in the review of policies and procedures, coordinating internal audits and regulatory examinations, and periodically monitor the business units adherence to compliance programs. * Responsible for ensuring that appropriate systems are developed, implemented and maintained to identify, measure, monitor, and control risks, in accordance with applicable regulatory guidelines. * Recommend goals, objectives and work plans for the Risk Management Division. * Prepare and compile reports for Monthly Management, as well as present issues and reports at Monthly Compliance contact meetings and Quarterly Risk Management meetings. * Assist the Senior Vice President/General Counsel & Chief Risk Officer with legal issues, contracts, and judicial pronouncements relative to Risk Management. * Assist in ensuring the Bank is CRA compliant. * Perform other duties/tasks or projects as assigned to meet the needs of the department or business. Manage the Risk Exempt 35% * Assist the Senior Vice President/General Counsel & Chief Risk Officer in establishing, coordinating, and maintaining an effective compliance program to ensure that established compliance policies are enhanced or new policies developed and implemented. * Assist the Senior Vice President/General Counsel & Chief Risk Officer in establishing, coordinating, and maintaining an effective policies and procedures management system to ensure that the Bank's UPM and Regulatory Compliance Manuals are reviewed and updated annually. * Assist the Senior Vice President/General Counsel & Chief Risk Officer on matters involving litigation, which may affect the Bank’s compliance with laws and regulations. * Responsible for ensuring that appropriate risk management strategies are employed throughout the bank to avoid, control, retain or transfer identified risk exposures. * Research and evaluate the Bank’s exposure to loss and potential risks; recommend and implement methods to reduce, eliminate or transfer potential losses and risks. * Complete all bank mandated training. * Periodically report findings and issues to the Chief Risk Officer. FLSA Categorization Exempt 100% Required Knowledge, Skills and Abilities: * Exceptional written and oral communication skills * Ability to build and maintain relationships with stakeholders, staff, and external partners * Ability to recruit, coach, and develop high-performing teams * Performance management and feedback delivery * Negotiation and conflict resolution skills * Strong analytical thinking and problem-solving abilities * Research skills for interpreting laws, regulations, and compliance risks * Ability to interpret and apply regulatory requirements to business practices * Policy and procedure development and review * Ability to identify, assess, and mitigate organizational risks * Development and implementation of risk management strategies * Experience with audits, regulatory examinations, and compliance monitoring * Skills in managing multiple projects, tasks, and priorities * Effective planning, organization, and execution of compliance initiatives * Ability to educate and train staff on compliance matters * High ethical standards and professionalism * Ability to maintain confidentiality and objectivity in sensitive situations * Proficiency in Microsoft Office and bank software * Ability to adapt to new and emerging technologies * Skills in representing the organization at events and in the community * Ability to role model organizational values and brand personality * Ability to work outside regular business hours in response to urgent compliance, risk management, or operational needs Education and Experience: * Juris Doctor (J.D.) or practicing attorney; OR * Bachelor’s Degree in Business or related field and 5 years of professional experience in regulatory compliance or other compliance fields (e.g., consumer, corporate, financial, operational, data privacy, anti-money laundering, etc.); OR * High school graduate or equivalent general education diploma and 7 years of professional experience in regulatory compliance or other compliance fields as listed above; * CRCM or other professionally recognized compliance certification (e.g. CCEP, CAMS, CIPP, CPA, CIA, etc.) relevant to the organization’s compliance needs, preferred. * Candidates with experience in developing, implementing, and managing compliance programs in any regulated industry are encouraged to apply. Transferable skills in risk assessment, policy development, regulatory interpretation, and audit coordination are highly valued. Physical Requirements & Working Conditions: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential function. * Seeing: Must be able to read reports and use computer regularly (67-100%) * Hearing: Must be able to hear well enough to communicate to coworkers regularly (67-100%) * Fingering/Grasping/Feeling: must be able to write, type, use phone, regularly (67-100%) * Lifting/Pulling/Pushing rarely (0-12%) * Climbing/Stooping/Kneeling rarely (0-12%) * Standing/Walking rarely (0-12%) Must be able to operate basic office equipment (PC, typewriter, fax, copier and telephone) as well as new and emerging technology, including but not limited to smart phones, tablet devices, digital signage and monitors. Must be proficient in Microsoft Office. Fair Labor Standards Act (FLSA) Classification Based off of the duties that are described for this role, this is an Exempt role.

Responsibilities

The Director of Compliance is responsible for developing and maintaining compliance controls and monitoring systems to minimize risks. This role involves leading a compliance team, collaborating with stakeholders, and ensuring adherence to laws and regulations.