VP - Risk Management & Compliance

Description

Join the Maine Savings team as Vice President of Risk Management & Compliance!

Maine Savings is seeking a collaborative and detail-oriented Vice President of Risk Management & Compliance to lead and oversee the organization’s enterprise compliance program. Reporting to the Chief Risk Officer, this role ensures adherence to applicable laws and regulations, maintains a strong Compliance Management System (CMS), and partners closely with internal and external auditors. The VP will provide leadership, structure, and oversight to a team of compliance professionals responsible for day-to-day monitoring, testing, and regulatory support activities.

What You'll Do:

• Leads, coaches, and develops a team of compliance professionals responsible for daily compliance monitoring and operational support by establishing clear expectations, accountability, and development opportunities for team members. Also, provides guidance and training to staff on regulatory requirements and compliance practices.
• Monitor regulatory changes and ensures timely implementation across business lines; assesses organizational impact of any and all changes.
• Takes a leadership role in regulatory audits, examinations, and reporting requirements; coordinates audit requests, responses, and documentation.
• Manage the Credit Union's response to subpoenas and other legal matters, frequently working with outside counsel.
• Tracks and manages audit findings, ensuring timely remediation and sustainable corrective actions.
• Maintains comprehensive, accurate and examiner‑ready documentation of compliance programs, controls, and testing activities.

Requirements

• At least ten years of experience in compliance, risk management, or audit within a financial institution. A minimum of five years of consistent and steady leadership growth.
• Bachelor's degree in Business, Finance, Risk Management, or a related field.
• Strong knowledge of NCUA regulations, FFIEC guidance, BSA/AML, and consumer compliance requirements.
• Experience working with auditors and regulatory examiners.
• Demonstrated leadership experience managing and developing teams.
• Ability to translate regulatory requirements into practical business processes.
• Strong organization, documentation, and communication skills.

Work Environment

Office environment. Occasional off‑site, overnight travel is required. Position may allow for hybrid work opportunities.

More about Maine Savings

Maine Savings offers an excellent compensation package as well as the opportunity to thrive in a challenging, fun, and exciting environment. Maine Savings also offers health insurance, dental and vision insurance, 401k with company match, paid holidays, a generous Paid Time Off program, employee referral program, employee discounts, continuing education and student debt relief programs, longevity bonuses and more! Maine Savings is a growing modern financial institution offering members a full range of financial services. With over 42,000 members and over $845,000,000 in assets, Maine’s largest credit unions. With 12 branches, over 180 employees, and state‑of‑the‑art technology, Maine Savings is committed to providing its members in‑person service and modern conveniences. Founded in 1961 by employees of the Bangor and Aroostook Railroad Company, Maine Savings continues to serve its membership as a federally insured not‑for‑profit credit union.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, or any other characteristic protected by law.

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.