Risk Management and Compliance Director
1 day ago
We are seeking a seasoned leader to join our team as Vice President of Risk Management and Compliance at ITech Consulting Partners in Boston, MA.
Estimated Salary: $150,000 - $200,000 per year
About the RoleThis leadership position involves overseeing the organization's compliance framework, ensuring strict adherence to industry regulations while leading risk management and customer onboarding processes. As Vice President of Risk Management and Compliance, you will manage a team of specialists, maintain compliance for payment products, and collaborate with senior leadership to address regulatory needs and audits.
Key Responsibilities:- Lead recruitment and talent management efforts to build a high-performing team aligned with business goals.
- Develop and present comprehensive compliance and risk reports to senior leadership and governance committees.
- Oversee internal and external audits, examinations, and information requests, implementing corrective actions as needed.
- Manage underwriting and risk teams to onboard and monitor customers, ensuring alignment with policies and risk profiles.
- Maintain and update risk management documentation, including merchant underwriting policies.
- Ensure compliance with Nacha, card brand, and network regulations.
- Drive employee compliance training initiatives, fostering a culture of regulatory awareness and adherence.
- Advise leadership and board members on emerging regulatory and licensing changes, assessing potential impacts.
- Bachelor's degree or equivalent experience.
- 8+ years of underwriting experience.
- 5+ years of management experience.
- Proven knowledge of financial institutions and regulatory frameworks.
- Single and family health insurance plans, including dental and vision coverage.
- Short-term and long-term disability insurance.
- Matching 401(k) plan.
- Generous paid time off.
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