Impress employers and recruiters.
Choose from hundreds of resume examples.

Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

About the Role

The Director of Wholesale Compliance oversees and supports compliance with legal and regulatory requirements for wholesale banking operations, including commercial lending, commercial banking, and private banking. This role partners with wholesale banking leadership to ensure robust compliance controls and risk mitigation.

Responsibilities

• Advises wholesale banking executive management on critical compliance issues and participates on or leads compliance and governance committees.
• Provides policy and procedure revisions to ensure clarity regarding oversight and documentation for wholesale banking products and services.
• Maintains, updates, and files all applicable regulatory registrations, licenses, and filings; assists with client notices, disclosures, and documents.
• Maintains and updates risk assessment of compliance policies and procedures to drive monitoring and testing plans.
• Implements, maintains, and coordinates the periodic risk-based compliance testing program for wholesale banking operations.
• Performs compliance oversight, reporting, and remedial actions for breaches and escalates issues as appropriate.
• Assists with the review and approval of select correspondence, client requests, complaints, and RFPs/RFIs.
• Prepares monthly and quarterly management/board reporting on wholesale compliance metrics, risk assessments, and regulatory matters.
• Interfaces with regulatory bodies, manages external and internal regulatory audits, and coordinates requests and responses.
• Responsible for talent management functions, including employment, performance evaluations, staff development, disciplinary actions, and succession planning.
• Performs special projects and additional duties as required.
• Consistently adheres to regulatory and compliance policies and standards and completes required compliance trainings.
• Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Requirements

• Undergraduate Degree (4 years or equivalent) in business administration, finance or related subject preferred.
• 12+ Years in similar compliance, legal, or regulatory roles within wholesale banking, commercial lending, or investment management operations in the financial services industry.
• Demonstrated compliance experience within a wholesale banking environment, including commercial lending, commercial banking, and/or private banking operations.
• Certified Compliance and Ethics Professional (CCEP) or equivalent professional designation preferred.
• Juris Doctor (J.D.) or advanced legal training in banking and financial services law preferred.
• FINRA Series 7, 24, or 63/65 preferred for enhanced understanding of investment and advisory products.
• Advanced knowledge of banking regulations applicable to wholesale operations.
• Strong understanding of commercial lending compliance requirements.
• Ability to research, design, and implement comprehensive compliance programs and controls specific to wholesale banking operations.
• Strong analytical and problem-solving skills to identify, assess, and mitigate compliance risks.
• Strong organizational and project management skills with ability to manage multiple compliance initiatives, testing programs, and regulatory requests simultaneously.
• Excellent communication skills – strong written and verbal communication abilities.
• Ability to comprehend legal and guideline documents, as well as regulatory requirements across multiple jurisdictions and regulatory bodies.
• Strong Word, Excel, and PowerPoint skills with proficiency in compliance management systems and data analysis tools.
• Ability to multi-task with high levels of accuracy and attention to detail.
• Executive presence, leadership qualities, and management responsibility.
• Proven ability to lead teams and manage direct reports.
• Strong ethical values and good judgment with ability to identify, escalate, and resolve complex compliance issues.
• Organized and detail-oriented with strong attention to documentation and audit trails.
• Self-starter and proactive – provides effective solutions and takes initiative on compliance matters.
• Capacity to influence and drive positive outcomes across business units.
• Ability to build consensus on compliance requirements.
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders.
• Builds trusted relationships with wholesale banking leadership, risk management teams, and regulatory bodies.
• Fosters a positive work culture and productive work environment.
• Promotes ethical behavior and compliance throughout the organization.
• Ability to navigate complex regulatory environment and maintain awareness of emerging compliance risks and regulatory trends affecting wholesale banking.
• No unusual physical exertion is involved.

Skills

• Wholesale banking compliance
• Commercial lending compliance
• Private banking compliance
• Regulatory registrations, licenses, and filings
• Risk assessment
• Compliance program design and implementation
• Analytical and problem-solving
• Project management
• Written and verbal communication
• Legal and guideline comprehension
• Microsoft Word, Excel, and PowerPoint
• Compliance management systems
• Data analysis tools
• Talent management
• Relationship building
• Stakeholder engagement
• Ethical judgment

Location

• New York, NY

Work Type

• Full-time

Experience Level

• Director
• 12+ Years

Education Level

• Bachelor's degree

Salary/Compensations

• $138,622.50 - $277,397.00

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Comprehensive leave program

About the Company

• Flagstar is an Equal Opportunity Employer.
• We are committed to providing clear and accurate compensation information in accordance with applicable laws.
• Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.

Equal Opportunity

• Flagstar is an Equal Opportunity Employer.