VP, Compliance and Legal

Key Responsibilities

• Administer and maintain the Bank’s CMS.
• Perform compliance monitoring, testing, and risk assessments, including activities related to SBA lending, commercial lending, and deposit operations.
• Prepare and present periodic compliance reporting for Management and Board Risk Committees.
• Maintain the Bank’s compliance policies and procedures.
• Cook compliance examinations, audits, and remediation efforts.
• Monitor regulatory changes that impact the Bank, coordinate implementation activities, and report significant changes to Management and the Board as appropriate, including changes to SBA regulations, guidance, and program requirements.
• Review customer complaints, identify trends, support issue resolution, and provide periodic reporting to management and the Board.
• Review new products, services, and material business changes for regulatory and legal implications.
• Administer the Bank’s Community Reinvestment Act (CRA) Strategic Plan by partnering with the lending organization to support execution, while ensuring compliance with regulatory requirements.
• Escalate significant compliance concerns to executive management, the Audit & Risk Committee, and the Board, as appropriate.

Governance

• Maintain corporate records, governance documentation, and applicable record retention requirements.
• Support the Corporate Secretary in Board governance activities and assume Corporate Secretary responsibilities as assigned.

Legal

• Review and negotiate vendor agreements, NDAs, and routine commercial contracts.
• Cook with the General Counsel and/or outside counsel on employment, litigation, regulatory, SBA, and other specialized legal matters, including subpoenas, legal process requests, and routine legal correspondence.
• Provide routine legal and regulatory guidance to business partners and coordinate complex legal matters with the General Counsel and/or outside counsel.

Qualifications

• Bachelor’s degree required.
• Juris Doctor (J.D.) preferred; significant banking legal/compliance experience may be considered in lieu of a law degree.
• 7+ years of banking, fintech, or regulated financial services experience.
• Strong working knowledge of applicable banking laws and regulations, with an emphasis on commercial lending compliance, SBA lending regulations, the Community Reinvestment Act (CRA), and related regulatory requirements.
• Experience supporting compliance testing, monitoring, and issue management.
• Strong communication and organizational skills.
• Ability to operate independently in a fast-paced environment.

Opportunities & Benefits

• Mission-driven culture focused on small business banking.
• Competitive compensation and equity participation where applicable.
• Employer-paid medical, dental, vision, life, and disability insurance for eligible employees and dependents.
• 401(k) retirement plan.
• Flexible vacation policy.