Chief Compliance Officer

At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment.

SUMMARY OF THE JOB

The Chief Compliance Officer (CCO) is responsible for the strategic leadership, administration, and effectiveness of the Bank's enterprise-wide Compliance Management System (CMS). The CCO ensures that the Bank conducts operations in compliance with applicable federal and state laws, regulations, supervisory guidance, and industry standards while supporting the Bank's mission, values, growth objectives, and commitment to customers and communities. The position serves as a trusted advisor to executive management and the Joint Board Risk Committee on regulatory compliance matters and maintains key relationships with banking regulatory agencies. The CCO partners across all business lines to identify, assess, monitor, and mitigate compliance risk while promoting a strong culture of compliance throughout the organization.

ESSENTIAL FUNCTIONS:

Regulatory Compliance Leadership

Lead and maintain the Bank's enterprise Compliance Management System (CMS).

Establish compliance strategy, policies, procedures, governance structures, and risk assessment methodologies related to the Compliance Management System and regulatory compliance obligations.

Monitor and partner with Legal to interpret regulatory developments and assess their impact on the Bank.

Ensure timely implementation of new or amended laws, regulations, and supervisory guidance through effective regulatory change management processes.

Board and Executive Reporting

Report regular to executive management and the Joint Boad Risk Committee

Provide compliance training and education to Directors and senior management.

Regulatory Relationship Management

Serve as the primary compliance liaison with regulatory agencies, including:

Connecticut Department of Banking, FDIC, Federal Reserve, Consumer Financial Protection Bureau and FinCEN and other governmental agencies

Coordinate and oversee compliance-related examinations, inquiries, and responses.

Ensure effective remediation of regulatory findings and commitments.

Compliance Risk Management

Chair the Compliance Committee

Conduct enterprise-wide compliance risk assessments.

Oversee complaint management processes for regulatory exposure.

Develop risk-based compliance monitoring plans.

Escalate significant compliance concerns to executive management and the Board.

Consumer Compliance Oversight

Oversee compliance with applicable federal and state consumer protection laws and regulations, including but not exclusive to TILA, RESPA, FCRA, ECOA, FHA, CRA, GLBA

Fair Banking and Consumer Protection

Oversee Fair Lending, Fair Banking, and UDAAP programs.

Monitor for discriminatory practices and disparate impact risks.

Training and Culture

Develop and maintain enterprise compliance training programs for employees, officers, and directors.

Promote awareness and understanding of compliance responsibilities across the organization.

Third-Party Risk and Product Governance

Participate in new product, service, and delivery channel reviews.

Oversee time-sensitive compliance reviews of marketing materials.

Evaluate compliance implications of strategic initiatives and partnerships.

Provide compliance oversight for significant third-party, fintech, and vendor relationships.

Issue Management

Track and ensure timely remediation of compliance findings identified through:

Regulatory examinations, Internal Audits, Monitoring activities and self-identification processes

Leadership Responsibilities

Lead and develop a team of compliance professionals.

Develop succession plans for key compliance leadership roles.

Build organizational capability to support growth and strategic objectives.

Manage departmental budget, staffing, technology, and vendor relationships.

Maintain direct access to the Joint Board Risk Com

Minimum knowledge/skills:

Bachelor's degree required.

Advanced degree (JD, MBA) preferred.

Professional certifications preferred, including:

CRCM (Certified Regulatory Compliance Manager)

CAMS (Certified Anti-Money Laundering Specialist)

CAFP (Certified AML and Fraud Professional)

CIA (Certified Internal Auditor)

Other relevant certifications

Minimum 15 years of progressively responsible experience in regulatory compliance, risk management, legal, or governance functions within the banking industry.

Minimum 7 years in a senior compliance leadership role.

Experience within a bank or bank holding company with assets between $10 billion and $50 billion preferred.

Demonstrated experience working directly with federal and state banking regulators.

Experience with mutual bank governance structure.

PHYSICAL REQUIREMENTS:

General Office Equipment

Keyboard Dexterity

Prolonged Sitting

COMPLIANCE:

Acts affirmatively in all activities under his/her control in conformance with the Bank's Affimaitive Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank's goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.

Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

SALARY RANGE:

$195,000 - $255,000

PAY DISCLAIMER:

The actual salary offered for this position will be determined by several factors, including the scope, complexity, and location of the role; the skills, education, training, credentials, and experience of the candidate relative to internal pay of similar roles; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based annual incentives.

LIBERTY BANK BENEFIT OFFERINGS:

Medical, dental, and vision coverage

401K with Employer Match

Pension Plan

Employer-paid life and disability insurance

HSA option

FSA option

Employee Assistance Program (EAP)

Telehealth and wellness resources

Supplemental insurance options

Pet insurance and legal plan benefits

Paid Time Off (PTO)

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