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Principal Compliance Officer

Company: Bank of the West
Location: Sacramento
Posted on: September 22, 2022

Job Description:

**Principal Compliance Officer****Description**At Bank of the West, our people are having a positive impact on the world. We're investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people's lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we're a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.**Position Summary:**Senior Compliance leader who heads a sub-function within the Corporate Compliance organization of Bank of the West. This Compliance Officer is responsible for overseeing the quality and adequacy of the Bank of the West UDAAP Program, partnering with other compliance professionals and with business units to promote adherence to U.S. laws and regulations. This position requires the ability to provide proactive risk management, be solutions oriented, deliver strategic vision to the Enterprise, and cultivate deep compliance expertise. This role will report directly to the Head of Fair and Responsible Banking.**Position Description:****Essential duties and responsibilities include the following.** Other duties may be assigned.+ Review and maintenance of all policies and procedures necessary to ensure a strong BOW UDAAP compliance management program;+ Develop and launch a UDAAP Communications Program designed to raise awareness of key UDAAP principles;+ Assure the organization stays abreast of and promptly responds to existing and rapidly changing UDAAP compliance mandates;+ Oversees a system to uniformly detect and correct compliance violations, deficiencies, and potential consumer harm;+ Monitors, and as necessary, coordinates initiatives to remain abreast of the status of compliance activities across the enterprise including, but not limited to, new products and services;+ Identifies potential areas of compliance vulnerability and risk and coordinates mitigation strategies with business unit owners;+ Provides reports on a regular basis to the Board and senior management including reports of violations and corrective actions;+ Consults with business line leaders to identify risks, best practices and expectations pertaining to UDAAP principles and US laws and regulations;+ Oversees/conducts the UDAAP risk assessment, including design and execution of launching or updating products and services;+ Oversees the development and distribution of UDAAP training materials for necessary employees and job functions; + Maintains ongoing awareness of products, programs, operations, systems, and controls for entities;+ Coordinates with lines of business to evaluate proposed business changes, including new or modified products/services, new or modified policies, procedures, processes, or systems to ensure compliance with applicable UDAAP principles; related laws and regulations;+ Ensures periodic UDAAP reports are prepared and communicated to senior management, and the Board of Directors. At a minimum, these reposts should include significant emerging risks, developments and Key Risk Indicators, monitoring and testing results**Qualifications****Qualifications - External****Qualifications:**+ 12 years of demonstrated strong compliance program management experience;+ 5 years of related financial institution or regulatory experience;+ Bachelor's degree from a four year college (preferred), or equivalent combination of education and experience**Skills and Abilities Required:**+ Must possess utmost professional qualities including leadership, high energy, results driven, and self-motivation.+ Analytical - Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; Designs workflows and procedures.+ Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions.+ Project Management - Develops project plans; Coordinates projects; Communicates changes and progress; Completes projects on time and budget.+ Technical Skills - Solid knowledge of Microsoft Word, Excel, and Outlook; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.+ Interpersonal Skills - Focuses on solving conflict, not blaming; Maintains confidentiality.+ Change and Quality Management - Communicates changes effectively; Builds commitment and overcomes resistance; Monitors transition and evaluates results; Demonstrates accuracy and thoroughness.+ Strategic Thinking - Develops strategies to achieve organizational goals identifies external threats and opportunities Adapts strategy to changing conditions.+ Adaptability - Changes approach or method to best fit the situation.+ Communication - Excellent communication skills required, both written and verbal**"To protect the health and safety of our employees and customers, Bank of the West may require all U.S. employees to provide proof of their vaccination status. Employees who are not fully vaccinated may undergo regular testing".**Benefits: Visit https://www.bankofthewest.com/about-us/careers/benefits.html for benefits information.**Working Location Statement**This position has the option to work in one of our key hubs (San Ramon, CA, Tempe, AZ, Omaha, NE) or to work remotely as long as it is in within our 27 state working footprint which includes AZ, CA, CO, FL, GA, ID, IA, IL, KS, MI, MN, MO, NE, NV, NM, NC, ND, OH, OK, OR, SD, TX, UT, WA, WI, WY, NY.\#LI-CM1\#LI-Remote**Equal Employment Opportunity Policy**Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.**Job:** Compliance**Location:** United States-Arizona-General AZ**Other Locations:** United States-California-General CA, United States-Nebraska-General NE**Requisition ID:** 064984

Keywords: Bank of the West, Sacramento , Principal Compliance Officer, Education / Teaching , Sacramento, California

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