Financial Strategist and Regulatory Compliance Officer

4 days ago


Chicago, Illinois, United States Devon Bank Full time

Devon Bank is a leading financial institution seeking an exceptional Financial Strategist and Regulatory Compliance Officer to join its executive team. The ideal candidate will have a strong regulatory background and at least 10 years of experience in senior financial leadership roles within the banking or financial services industry.

About Devon Bank

We are committed to providing excellent customer service and promoting economic growth in our community. As a Financial Strategist and Regulatory Compliance Officer, you will play a critical role in driving our financial strategy, ensuring compliance with all applicable regulations, and overseeing risk management processes.

Job Summary

This is an exciting opportunity to join a dynamic team and contribute to the success of Devon Bank. Key responsibilities include:

  1. Developing and implementing our financial strategy to ensure financial health, growth, and compliance.
  2. Monitoring interest rate, credit, and portfolio risk status and setting limitations as required for Asset/Liability management. Chairing ALCO meetings.
  3. Evaluating and ensuring compliance with federal, state, and local regulations, including FDIC, OCC, and other banking regulatory requirements.
  4. Oversight of risk management processes, including assessing financial risks and ensuring strong internal controls are in place to mitigate potential risks.
  5. Leading the preparation of accurate and timely financial reports, including balance sheets, income statements, and cash flow reports, ensuring adherence to accounting standards (GAAP).
  6. Overseeing capital structure and liquidity management, ensuring optimal allocation of resources to support growth while managing risk exposure.
  7. Directing budgeting and forecasting processes, providing financial planning and analysis to support strategic decision-making.
  8. Collaboration with other departments, including Operations, Treasury, and Compliance, to ensure seamless coordination across the bank.
  9. Preparing for external audits and regulatory examinations, acting as the primary point of contact for auditors and regulators.

The successful candidate will possess a bachelor's degree in accounting, finance, or a related field, with a master's degree or CPA being highly desirable. In addition to technical skills, we seek a leader who can foster a culture of excellence, continuous improvement, and compliance within the finance team.

What We Offer

We offer a competitive salary package, including an estimated annual compensation of $180,000 - $220,000 based on location and experience. Our benefits include comprehensive health insurance, retirement savings plan, paid time off, and opportunities for professional development.



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