Director of Deposit Compliance

OH0713 NW Bancshares HQ, PA0736 Administration Center

Job Description

The Director of Deposit Compliance is a senior compliance leader responsible for overseeing regulatory compliance for all deposit-related products, services, and operations across Northwest Bank.  This role ensures adherence to key regulations such as Regulation D, Regulation DD, Regulation CC, Regulation E, and UDAP/UDAAP. The central focus of the role is leading the Risk and Control Self-Assessment (RCSA) program for deposit compliance, ensuring risks are identified, assessed, mitigated, and monitored effectively. This individual will work cross-functionally with business, risk, and audit teams to maintain a strong control environment and support regulatory examination readiness.

Essential Functions

•     Lead enterprise-wide compliance efforts for all deposit products and operations, including checking, savings, money market, CDs, and payment services. Ensure policies, procedures, and controls meet regulatory expectations and internal standardsWork closely with the 1LOD (Branch network, Products, Deposit Operations) to ensure compliance enterprise wide
•     Assist in the implementation and execution of the Risk and Control Self-Assessment process for deposit compliancePartner with business leaders to identify key risks, assess control design and operating effectiveness, and document remediation plans where gaps are identified
•     Ensure timely updates and ongoing monitoring of RCSA resultsMonitor regulatory developments impacting deposit operations and ensure timely implementation of necessary policy or process changes
•     Provide subject matter expertise to interpret new rules and guidanceEstablish and oversee compliance monitoring and testing plans specific to deposit regulations
•     Analyze results, escalate issues, and ensure corrective actions are implemented and tracked to closureAssist compliance management in preparing for regulatory compliance examinations and internal audit
•     Assist in the development and delivery of training on deposit compliance requirements, including Regulation E, DD, CC, and other applicable rulesProvide advisory support to business units during product development and process changes
•     Prepare regular reporting for senior management and the Board on deposit compliance risks, RCSA results, and program performance metricsSupport governance committees and risk forums with actionable insights
•     Maintain knowledge of Northwest's product offerings and parametersUtilize artificial intelligence tools to monitor, analyze, and ensure adherence to deposit-related regulatory requirements, enhancing risk management and operational efficiencyAdditional Essential Functions
•     Ensure compliance with Northwest’s policies and procedures, and Federal/State regulationsNavigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
•     Work as part of a teamWork with on-site equipmentQUALIFICATIONSTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.EducationBachelor's Degree    Business related degree or equivalent   Work Experience6 - 8 years    Banking experience with a focus in consumer deposits   Additional Knowledge, Skills and AbilitiesStrong Retail Banking background  Awareness of Retail Lending  Ability to interpret compliance regulations and apply them to business requirements and workflows    Ability to coordinate and manage multiple projects    Ability to prioritize complex workload, motivate staff to excel, and meet project deadlines  Ability to build rapport and develop strong internal and external partnerships  Licenses and Certifications CRCM        Within 3 years           

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.