SVP, Head of Regulatory Compliance

About Us

Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

Come join a bank where our employees thrive and are engaged in meaningful work. For the last 5 out of 6 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.

Position Purpose

The SVP, Head of Regulatory Compliance is Capital Bancorp, Inc. and Capital Bank, NA's ("the Company's") hands on regulatory compliance leader, strategist, and subject matter expert assessing and advising on existing and emerging regulatory compliance requirements across the Company. This role has direct oversight of the Company's Regulatory Compliance Program, including but not limited to all laws, rules, and regulations applicable to: Capital Bank, NA (including Consumer, Commercial, Capital Bank Home Loans, and OpenSky credit card divisions); Windsor Advantage, the Company's Small Business Administration ("SBA") Lender Service Provider, the Company's Fair Lending Program; and the Bank's Large Bank Community Reinvestment Act Compliance Program.

This role plays an integral part in ensuring that the Company maintains a highly rated regulatory compliance program (including all applicable Federal Reserve, FDIC, OCC, the U.S. SBA, and FFIEC requirements) enabling the Company to continue to execute on its strategic growth plans. This is both a hands-on and strategic role that will assist the Company in effectively managing regulatory risk as well as serving as a credible second line of defense partner and solutionist to the first line of defense.

Position Responsibilities

• Working with the Company's Chief Risk Officer, represents the state of Compliance Risk to Executive Management, Regulators, and the Company's Boards of Directors.
• Develops the annual compliance work plan and periodically revisits the plan in light of regulatory and organization risk appetite changes.
• In conjunction with the CRA Officer, develops the 3-year CRA Strategic Plan to ensure the Bank meets all Large Bank CRA requirements, and monitors progress throughout the plan cycle.
• Ensures all regulatory compliance policies, standards, procedures, and related internal controls are updated, as appropriate.
• Develops and maintains strong relationships with the first line, including executive management to ensure a cohesive approach to compliance and regulatory risk.
• Provides guidance, advice, and/or training to all lines of business to improve understanding of related laws, rules, regulations as well as the Board approved regulatory risk appetite.
• Supports key growth initiatives and enterprise projects tied to the company's strategic plan.
• Plays a key leadership role in managing regulatory examinations at the direction and in conjunction with the CRO.
• Develops key risk and key performance indicators for Compliance and ensures adherence to all metrics; leads all internal/external reporting on the overall state of compliance.
• Ensures all required regulatory reporting is completed timely, accurately, and filed in accordance with regulatory deadlines.
• Collaborates with other risk stakeholders to proactively identify and assess regulatory risk inherent to their processes and related internal controls mitigating these risks.
• Acts as the Bank's subject matter expert for residential mortgage and credit card compliance related matters and programs.
• Serves as Chairperson of the Company's Regulatory Compliance Committee.
• Oversees the development and maintenance of independent investigations of appropriate scope and scale, to investigate, evaluate and resolve compliance issues as they are identified.
• Directly manages and leads the regulatory compliance team including delegation, career development, performance management and recognition.
• Act as a role model for the Bank's Core Values.

Minimum Education and Experience

• Previous experience as the Head of Regulatory Compliance, Chief Compliance Officer, Deputy Chief Compliance Officer, or other top level compliance role within a banking environment.
• Relevant experience having built, managed and led a significant/complex financial services/banking compliance function for a $5 billion plus asset sized bank required.
• Experience with building a compliance roadmap and project plan to assist the Company in meeting additional regulatory requirements as it grows towards and crosses the $10 billion asset threshold in the future is a bonus.
• Experience within multiple business lines including commercial banking, credit cards and residential mortgage is preferred.
• Highly developed relationship management, negotiation and leadership skills and experience working with and presenting to leaders at all levels including Senior Executives, Managers, Auditors, Regulators, Board of Directors and related committees.
• Ability to make/take calculated decisions and to think strategically and act accordingly.
• Certified Regulatory Compliance Manager (CRCM) certification+ required; other certifications highly competitive.
• OCC regulated bank experience preferred but not required.

Technical Knowledge and Skills

• Expert knowledge in Alphabet Regulatory Compliance Regulations and FFIEC requirements.
• Expert knowledge of Fair Lending Regulations, UDAAP Regulations, and HMDA Regulations.
• Expert knowledge of Large Bank Community Reinvestment Act Regulations.
• Expert knowledge in the Credit Card Accountability Responsibility and Disclosure Act (CARD Act).
• Expert knowledge in Small Business Administration Standard Operating Procedures.
• Experience in designing and implementing a large bank Compliance Management System.
• Fiserv core banking processing system (or other bank systems software)
• Proficiency in Microsoft Office software suite (Teams, Word, Excel, Outlook, Powerpoint, SharePoint, etc.)
• Strong interpersonal skills and excellent oral and written communication skills.

Compliance

It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.

The above mentioned are intended to describe the general nature and level of work performed rather than to be an inclusive list of all duties, responsibilities and skills required for the position. Job duties may be changed at any time at management's discretion. The job description is not intended to create contractual obligations of any kind.

Capital Bank, N.A. is an Affirmative Action and Equal Opportunity Employer