Director of Deposit Compliance

OH0713 NW Bancshares HQ, PA0736 Administration Center

Job Description

The Director of Deposit Compliance is a senior compliance leader responsible for overseeing regulatory compliance for all deposit-related products, services, and operations across Northwest Bank. This role ensures adherence to key regulations such as Regulation D, Regulation DD, Regulation CC, Regulation E, and UDAP/UDAAP. The central focus of the role is leading the Risk and Control Self-Assessment (RCSA) program for deposit compliance, ensuring risks are identified, assessed, mitigated, and monitored effectively. This individual will work cross-functionally with business, risk, and audit teams to maintain a strong control environment and support regulatory examination readiness.

Essential Functions

• Lead enterprise-wide compliance efforts for all deposit products and operations, including checking, savings, money market, CDs, and payment services. Ensure policies, procedures, and controls meet regulatory expectations and internal standards
• Work closely with the 1LOD (Branch network, Products, Deposit Operations) to ensure compliance enterprise wide
• Assist in the implementation and execution of the Risk and Control Self-Assessment process for deposit compliance
• Partner with business leaders to identify key risks, assess control design and operating effectiveness, and document remediation plans where gaps are identified
• Ensure timely updates and ongoing monitoring of RCSA results
• Monitor regulatory developments impacting deposit operations and ensure timely implementation of necessary policy or process changes
• Provide subject matter expertise to interpret new rules and guidance
• Establish and oversee compliance monitoring and testing plans specific to deposit regulations
• Analyze results, escalate issues, and ensure corrective actions are implemented and tracked to closure
• Assist compliance management in preparing for regulatory compliance examinations and internal audit
• Assist in the development and delivery of training on deposit compliance requirements, including Regulation E, DD, CC, and other applicable rules
• Provide advisory support to business units during product development and process changes
• Prepare regular reporting for senior management and the Board on deposit compliance risks, RCSA results, and program performance metrics
• Support governance committees and risk forums with actionable insights
• Maintain knowledge of Northwest's product offerings and parameters
• Utilize artificial intelligence tools to monitor, analyze, and ensure adherence to deposit-related regulatory requirements, enhancing risk management and operational efficiency

Additional Essential Functions

• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

Bachelor's Degree Business related degree or equivalent

Work Experience

6 - 8 years Banking experience with a focus in consumer deposits

Additional Knowledge, Skills and Abilities

Strong Retail Banking background

Awareness of Retail Lending

• Ability to interpret compliance regulations and apply them to business requirements and workflows
• Ability to coordinate and manage multiple projects
• Ability to prioritize complex workload, motivate staff to excel, and meet project deadlines
• Ability to build rapport and develop strong internal and external partnerships

Licenses and Certifications

• CRCM Within 3 years
• Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.