VP Governance & Regulatory Compliance Officer

Job Description

Job Description

Summary

The Governance and Regulatory Compliance Officer is responsible for overseeing key regulatory governance frameworks to ensure the bank operates in compliance with applicable laws, regulations, rules, and supervisory expectations. This role provides strategic oversight and program management for the Community Reinvestment Act (CRA) program and the bank’s vendor management. Responsibilities include developing and maintaining policies and procedures, coordinating regulatory reporting and examinations, monitoring regulatory developments, and working cross-functionally with business, technology, risk, and senior management to ensure effective risk management and regulatory compliance with respect to these programs. The position supports board and senior management oversight by preparing governance reporting, facilitating committee activities, and promoting a culture of compliance and accountability across the organization.

Responsibilities

Regulatory Compliance

• Serve as the Bank's subject matter expert for regulatory compliance.
• Develop and maintain policies, procedures, forms, and operational guidance.
• Monitor IRS and regulatory changes impacting Traditional, Roth, SEP, SIMPLE, Self-Directed IRAs, and related retirement products.
• Provide compliance support for operations, product development, and strategic initiatives.
• Review operational processes for compliance with IRS requirements and applicable banking regulations.
• Assist with internal audits, regulatory examinations, and external audits.
• Support issue resolution involving regulatory questions and operational exceptions.

Community Reinvestment Act (CRA) Program Management

• Serve as CRA Program Manager and maintain the Bank's CRA Program.
• Monitor CRA performance and prepare regular reporting for senior management and the Board.
• Coordinate CRA data collection, validation, and reporting requirements.
• Work with business lines to identify opportunities that support CRA objectives.
• Maintain CRA policies, procedures, training, and documentation.
• Coordinate CRA examinations and regulatory requests.
• Monitor community development activities and qualifying investments, loans, and services.
• Establish and maintain relationships with community groups, non-profit organizations, and other stakeholders to identify community needs and opportunities for investment.
• Represent the bank at community meetings, forums, and events to promote CRA activities.
• Facilitate partnerships with organizations that support affordable housing, economic development, and other community development initiatives.

Third-Party Risk & Vendor Management

• Administer the Bank's Third-Party Risk Management Program.
• Coordinate vendor due diligence, risk assessments, onboarding, contract reviews, and ongoing monitoring.
• Ensure compliance with regulatory guidance regarding third-party relationships.
• Maintain the Bank's vendor inventory and risk ratings.
• Track contract renewals, performance reviews, insurance certificates, and financial reviews.
• Coordinate annual vendor reviews and reporting.
• Partner with Information Security, Legal, Procurement, and business owners to manage vendor risk.
• Monitor critical vendors and escalate emerging risks appropriately.

Risk Management & Program Administration

• Maintain departmental policies and procedures.
• Develop and monitor key risk indicators (KRIs) and compliance metrics.
• Coordinate annual risk assessments for assigned programs.
• Prepare Board and executive reporting packages.
• Assist with enterprise projects involving governance, compliance, and operational risk.
• Promote continuous improvement and regulatory readiness across the organization.

Qualifications

• Bachelor’s degree in business, finance, public administration, law, or a related field.
• Advanced degrees or relevant certifications are highly desirable.
• Minimum of 10 years of experience in banking, with an emphasis on enterprise risk management, regulatory compliance, or similar functions.
• Strong analytical skills and attention to detail.
• Excellent project and time management skills and ability to manage and prioritize rapidly changing workloads and meet deadlines.
• Embodies the Fortis Bank culture principles and competencies and consistently demonstrates a positive, ambitious, and solution-oriented attitude with clients and team members.
• Proficient and experienced in Microsoft Office suite products and technology, including but not limited to: Outlook, Microsoft Teams, Word, Excel, and PowerPoint.
• Strong ability to adapt to systems and technology, including but not limited to: banking and/or trust core accounting systems, client relationship management tools, compliance management software, and common office collaboration and project management tools.
• Communicates effectively and professionally, both verbally and via e-mail and other chat tools.
• Excellent organizational skills, regularly demonstrating the ability to multitask, prioritize, and manage time efficiently.
• Demonstrates strong interpersonal skills, with the ability to build meaningful professional relationships with senior management and team members.

ADDITIONAL INFORMATION

Reporting Structure: Reports to the SVP, Chief Compliance Officer

Office Requirements: This position offers a hybrid work schedule and is required to work in a Fortis Bank office location at least 4 days per week.

ABOUT FORTIS

Fortis Bancorp is the $1.3 billion bank holding company for Fortis Bank. Fortis Bank is a full-service bank that provides loans, deposits, and cash management services to businesses and their principals, with branch locations in Colorado and Utah. More information about Fortis Bank is available at

At Fortis Bank, we pride ourselves in being a partner to our clients by providing a holistic and sophisticated banking experience. Our people enjoy being empowered with the ability to make a tangible impact in a progressive and meritocratic work culture.

We believe in hiring people greater than ourselves. We recognize, reward, and develop those individuals who make an outsized impact to our client experience and to driving our business forward.

Fortis Bank is a high growth commercial bank located in Colorado and Utah. Each of our hand-selected and exceptionally talented teammates contribute to the heart of our company culture that combines banking expertise and personalized service to create an unparalleled client experience.

Fortis is Great Place to Work-Certified™ Join a team where your expertise and passion can make a meaningful impact. Learn more today at