Chief Compliance Officer Job at Eagle Bancorp, Inc., Bethesda, MD

  • Eagle Bancorp, Inc.
  • Bethesda, MD

Job Description

Overview

We are a values driven organization putting Relationships FIRST . EagleBank (NASDAQ – EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted . By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers. EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another’s experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships.

The minimum and maximum projected annualized salary for this position is: $176,966.00 to $303,371.00. Additional compensation may be possible based on experience and skills.

We understand the need to be creative and flexible when it comes to telecommuting and other alternative work arrangements. This position is eligible for our hybrid remote work and will work in Bethesda, MD office four days per week.

Responsibilities

Reporting to the Chief Risk Officer, the Chief Compliance Officer is a senior leadership position responsible for leading EagleBank's (the "Bank") enterprise-wide compliance program, ensuring adherence to all applicable federal and state banking regulations, consumer protection laws, and internal policies. This role provides strategic direction and oversight of compliance risk management activities across all business lines and operational units. The Chief Compliance Officer also serves as the Bank's Privacy Officer, CRA Compliance Officer, Reg O Officer and is a key member of the Ethics Office. The Chief Compliance Officer partners closely with business leaders, risk management, legal, information security, and audit functions to foster a strong culture of compliance, privacy protection, and ethical conduct throughout the organization.

Note: Bank Secrecy Act/Anti-Money Laundering (BSA/AML) responsibilities are managed separately and do not fall under this role.

Essential Functions include:

  • Develop, implement, and maintain a comprehensive enterprise compliance management system that identifies, assesses, monitors, and mitigates compliance risks
  • Establish and maintain compliance policies, procedures, and internal controls aligned with regulatory requirements and industry best practices
  • Oversee the compliance risk assessment process and ensure appropriate risk mitigation strategies are in place
  • Monitor and interpret regulatory developments and assess their impact on bank operations, products, and services
  • Serve as primary liaison with regulatory agencies on compliance-related matters (excluding BSA/AML)
  • Manage regulatory examination processes, including preparation, response coordination, and remediation of findings
  • Oversee timely and accurate regulatory reporting and filings including quarterly monitoring reports, annual HMDA and CRA filings
  • Ensure compliance with consumer protection regulations including UDAAP, TILA, TISA, RESPA, ECOA, FCRA, Fair Lending, and other applicable consumer laws
  • Design and oversee compliance monitoring and testing programs to validate adherence to policies and regulatory requirements
  • Direct complaint management processes and ensure appropriate investigation and resolution
  • Serve as a CRA Compliance Officer and provide strategic leadership and oversight of the Bank's CRA program to ensure compliance with CRA regulations and achievement of performance goals
  • Serve as the Bank's designated Privacy Officer with overall responsibility for the privacy program
  • Serve as a key member of the Bank's Ethics Office, supporting the Ethics Officer in promoting ethical conduct and organizational integrity
  • Provide compliance guidance and risk assessments for new products, services, and business initiatives
  • Partner with business units to embed compliance considerations into strategic planning and operational processes
  • Review and approve marketing materials and customer communications for regulatory compliance and privacy considerations
  • Oversee third-party vendor compliance and privacy risk management processes
  • Conduct CRA and Fair Lending performance monitoring, including analysis of lending patterns, community development activities, and service delivery
  • Provide regular reporting to the Chief Risk Officer, senior management, management committees, Board committees on the following:
  • Compliance risks, program effectiveness, and regulatory developments
  • CRA performance, including lending analysis, community development activities, and progress toward strategic plan objectives
  • Privacy program including privacy incidents, regulatory developments, and program enhancements
  • Serve as a trusted advisor to senior management and the Board on compliance matters
  • Foster a culture of compliance awareness, privacy protection, and ethical conduct throughout the Bank

Qualifications

Requirements:

  • Bachelor’s Degree in Arts/Sciences (BA/BS) Business, Finance, Law, or related field
  • 15 years of progressive compliance experience in banking or financial services
  • 5 years in a senior compliance leadership role, preferably at a regional or community bank
  • Demonstrated expertise in CRA regulations, including developing and implementing CRA strategic plans, examination procedures and performance evaluation standards
  • Experience managing regulatory examinations and responding to regulatory findings
  • Proven track record of building and leading compliance programs in a banking environment
  • Deep knowledge of federal and state consumer protection regulations, banking laws, and regulatory expectations
  • Strong understanding of privacy regulations including GLBA, CCPA/CPRA, and other applicable state and federal privacy laws, including incident response and breach notification procedures
  • Strong leadership and team management capabilities
  • Excellent analytical and risk assessment skills, including ability to analyze lending data, demographic trends, and privacy risks
  • Superior written and verbal communication skills, including ability to explain complex regulatory concepts to diverse audiences
  • Strategic thinking with ability to balance compliance requirements with business objectives and community needs
  • Strong interpersonal skills and ability to influence across all organizational levels
  • High integrity and ethical standards with demonstrated commitment to ethical decision-making

Preferences:

  • Advanced Degree in business or compliance discipline related
  • Certified Regulatory Compliance Manager (CRCM)
  • Certified Community Bank Compliance Officer (CCBCO)
  • Ability to work effectively under pressure and manage multiple priorities
  • Proficiency with compliance management systems, CRA/Fair Lending tracking software, and data analytics tools
  • Sound judgment in handling sensitive and confidential information

Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren't hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.

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Job Tags

Work at office, Remote work, Flexible hours

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