We're excited to share that Monterey County Bank, with its rich history and legacy, is embarking on a transformative journey. After years of dedication and service, we recognize that it's time for a fresh start-a chance to revitalize our vision and invigorate our mission.
As we turn the page, we're seeking passionate individuals who are eager to be part of this new chapter. We believe that the foundation built over the years is strong, and with the right team, we can take it to new heights. This is your opportunity to join us in redefining what Monterey County Bank can be.
What can you expect?
A Commitment to Innovation: We're ready to embrace new ideas and approaches. Your creativity and insight will play a vital role in shaping our future.
Collaboration and Growth: We value teamwork and are committed to fostering an environment where every voice is heard. Together, we can build a brighter future.
Impactful Work: Be part of a mission-driven organization that aims to make a difference. Your contributions will directly influence our path forward.
A Supportive Community: Join a diverse and passionate team that believes in the power of collaboration and support.
If you're ready to roll up your sleeves and contribute to a meaningful transformation, we invite you to be part of our journey. Let's build on our strong foundation and create a future we can all be proud of.
Join us in this exciting new beginning at Monterey County Bank!
Apply today and help us write the next chapter.
Summary:
The Director of Risk Management leads the implementation and maintenance of the Bank's Enterprise Risk Management (ERM) and Compliance Management Program (CMP). This role involves a range of responsibilities, including conducting research on risk and compliance requirements, advising Bank leadership and the Board of Directors on the state of compliance, and preparing reports for the Audit Committee and Board meetings. The Director escalates risk and compliance concerns to higher management when necessary and tracks emerging regulatory proposals and final rules that may impact the Bank. They provide summaries of new or revised regulations to department managers, support change management efforts, and recommend adjustments to existing policies to ensure compliance. Additionally, maintaining strong relationships with law enforcement and regulators is a key aspect of the role, which requires the ability to work in a dynamic, fast-paced environment.
In terms of policies and procedures, the Director of Risk Management supports managers in interpreting laws and regulations to inform policy development, recommending actions and revisions in response to changing requirements. They also review and approve new or updated policies, procedures, disclosures, and marketing efforts to ensure regulatory compliance. The Director evaluates the effectiveness of the compliance training program, oversees the Bank's computer-based training, and provides guidance on remedial training as needed based on internal reviews or audits.
This position is also responsible for monitoring risk and compliance-related issues by investigating complaints, maintaining the Bank's compliance complaint log, and providing comprehensive reports on risk management and compliance. They conduct periodic reviews of regulatory compliance and internal controls, coordinating testing with third-party vendors when necessary, and ensuring that findings and corrective actions are addressed by management.
In preparation for regulatory examinations and internal audits, the Director compiles requested information, serves as a liaison with auditors and examiners, and evaluates audit findings to recommend corrective actions. They work with management to track the status of audit findings and report progress to Executive Management, the Audit Committee, and the Board of Directors. Lastly, the Director demonstrates executive presence, actively engaging with the Bank's Senior Leadership team and exercising prudent judgment in all areas of responsibility.
This is an in-office position.
10-15 years of experience with increasing responsibility working for a regulatory agency examining banks, in a bank within the audit, compliance or legal departments, as a management consultant in the field of banking compliance or other equivalent non-banking position providing advice and/or guidance on banking regulations. Experience at commercial banking institution highly preferred.
As required by state-specific laws, we must include the salary range for this role when hiring residents in applicable locations. The annual salary range for this position is $180,000.00. to $200,000.00 Compensation within this range may vary based on factors such as geographic location, candidate experience, and skills.
MCB is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.