VP Internal Audit & Compliance

ShoreBank is America?s first and leading community development and environmental banking corporation.  They are committed to building vibrant communities by providing financial services and information to create economic equity and a healthy environment.  Headquartered in Chicago, ShoreBank is a $1.5 billion company with banks and affiliated nonprofits in Chicago; Cleveland; Detroit; Ilwaco, Washington and Portland, Oregon; business development services in Michigan?s Upper Peninsula and consulting services around the world. 

 

We are now seeking a Vice President of Compliance & Internal Audit for our office at 7054 S. Jeffery in Chicago.  This position is responsible for overseeing and implementing ShoreBank?s compliance with all banking laws, regulations and internal policies and procedures.  The position is also responsible for coordinating the Bank?s internal audit function and compliance with the required annual documentation of the Bank?s internal control procedures as required by the Federal Deposit Insurance Corporation Improvement Act (FDICIA).  This person will work with the help of our legal counsel, internal auditors and regulatory agencies to ensure the laws, regulations and internal control procedures are being implemented through appropriate systems, policies and procedures, training, information dissemination and monitoring.  This position will also serve as the liaison to the Bank?s Audit Committee.

 

Specific duties include:

 Execute on a top tier compliance program that provides extensive staff training and compliance monitoring.

 Implement new laws and regulations or changes to existing laws and regulations, in particular those relating to consumer protection, community reinvestment, bank secrecy and related statues, including assistance with the development of new

  policies, procedures and systems as appropriate.

 Consult on the development of new products and services, new and existing advertisements, web site changes and other public communications to ensure compliance with laws and regulations and with bank policies.

 In conjunction with the Bank?s Risk Management Committee, develop and implement on ongoing risk assessment program and risk-based audit processes.

 

 Manage a staff that provides bankwide compliance training, compliance monitoring and internal control monitoring.

 Monitor the resolution of consumer complaints.

 

 Monitor the Bank?s ?whistle blower? hotlineCoordinate all phases of Bank compliance examinations, coordinate management response and assure adequate corrective action process.

 Manage the vendor relationship with the external Internal Audit firm and assist with communication between the firm and the bank management before, during and after audits.

 

Qualifications include a strong understanding of all facets of banking and related regulations; Strong written and oral communication skills and a minimum of ten years of directly related experience.

 

ShoreBank offers career advancement opportunities, work & family balance, competitive salaries, a diverse workplace, business casual dress, and an attractive flexible benefits package that includes medical & dental, tuition reimbursement and a 401(k) plan.