Director, Compliance - Community Development Finance

About the role

Reinvestment Fund is a community development financial institution dedicated to creating opportunity for underserved people and places through partnerships. The Risk & Compliance department, along with Operations and Information Technology, comprises Reinvestment Fund’s Operations department. The Risk & Compliance department is responsible for developing and monitoring an effective risk and control framework across the organization.

About the department

The Risk & Compliance department is responsible for developing and monitoring an effective risk and control framework across the organization. Risk & Compliance engages directly with business partners to effectively manage various risks in an environment of proactive and strategic problem solving.

Responsibilities

• Regulatory Compliance and Governance
• Develop, implement, and continuously enhance the organization’s compliance management framework, policies, procedures, and governance processes, ensuring alignment with federal, state, and local regulatory requirements.
• Serve as the primary compliance subject matter expert and advisor for compliance-related questions, interpretations, and escalations.
• Maintain working knowledge of AML/KYC, OFAC, and sanctions compliance frameworks.
• Translate complex regulatory requirements into practical, business-aligned processes.
• Grants & Funding Compliance
• Act as the organization’s subject matter expert on grants compliance, including federal grant requirements, pass-through funding requirements, and subrecipient monitoring obligations.
• Develop and maintain compliance frameworks, manuals, policies, and training programs for grant-funded activities.
• Support audit readiness and coordinate responses to federal or pass-through entity reviews.
• AML, KYC & Sanctions Compliance
• Own and administer the organization’s AML, KYC, sanctions, and OFAC compliance program, including customer due diligence, sanctions screening, investigations, and escalations.
• Maintain AML compliance requirements, including policies, procedures, controls, monitoring activities, and documentation.
• Monitor regulatory developments and industry best practices related to financial crimes compliance.
• Compliance Advisory, Contract Review & Business Support
• Serve as a trusted compliance business partner, ensuring compliance considerations are integrated into organizational decision-making, change-management activities, and the development of new initiatives, products, funding opportunities, and strategic projects.
• Provide compliance oversight of third-party and vendor relationships including contract review processes, especially for cases where sensitive data is handled or outsourced critical functions.
• Support legal escalations by assessing compliance implications and coordinating with external counsel as needed.
• Policy Governance & Compliance Operations
• Own the governance, lifecycle management, and periodic review of corporate policies and procedures and establish policy governance standards, review processes, approval workflows, and documentation requirements across the organization.
• Develop and deliver compliance training and awareness programs to strengthen organizational understanding of compliance responsibilities.
• Oversee state registration, licensing and entity compliance requirements across jurisdictions, including ongoing filing, renewal and good standing obligations.
• Lead or support special projects and strategic initiatives that strengthen compliance, governance, operational effectiveness, and organizational resilience.

Education, experience and skills

• Required Qualifications:
• Bachelor’s degree in business, finance, public policy, law, or a related discipline, or equivalent experience.
• 7+ years of experience in compliance within a federally funded regulated environment; experience in a financial services or similarly regulated environment will also be considered.
• Experience overseeing or supporting compliance programs involving cross-functional coordination across business, legal, and operational teams.
• Working knowledge of AML/KYC, OFAC, and sanctions compliance frameworks.
• Demonstrated ability to translate complex regulatory requirements into practical, business-aligned processes.
• Strong communication and stakeholder management skills, with the ability to influence and drive execution across teams.
• Proven ability to operate as both a strategic advisor and hands-on executor in a compliance function.
• Demonstrated experience building, implementing, and improving structured compliance programs and processes.
• Preferred Qualifications:
• Relevant professional certifications (e.g., CAMS, CRCM) or advanced degree.
• Strong knowledge of Uniform Guidance (2 CFR Part 200) and federal grant compliance requirements.
• Experience within a CDFI or similar mission-driven financial institution.
• Experience with CDFI Fund programs, reporting (e.g., ILR/TLR), or certification processes.

Work location

For this position, we will consider remote employees within the Eastern Time Zone, with a preference towards candidates in the Philadelphia, PA or Atlanta, GA areas to allow for occasional team-based face-to-face interactions. If a remote employee is ultimately selected for the position, travel will be occasionally required for staff meetings.

Compensation and benefits

Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability, and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.

The salary range for this position at commencement of employment is between $140,000 and $156,000/year, however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.