We are delighted to share with you the exciting Senior Vice President, Director of Risk & Compliance retained search we are leading for our long-time Client, BankFive (www.bankfive.com).
Based in Fall River, MA, BankFive is a growing, progressive financial institution with $1.9 billion in assets and an excellent reputation. The Bank has thirteen locations, from Fairhaven to Swansea to Bristol, RI. The Bank also has Loan Production Offices in Cranston, RI; Hyannis, MA; and Westport, MA; as well as a Mortgage office in Wrentham. The Board’s vision is to remain an independent full-service bank, provide premier financial services, and deliver a superior level of “high touch” customer service.
This is a collaborative environment with a strong leadership team that values employees. The Bank’s many community accolades include being named one of the Top Places to Work and a Diversity, Equity, and Inclusion Champion (2024 - Boston Globe) and a Best Places to Work in Rhode Island (2023, 2024, and 2025 - Providence Business News). As an integral member of Senior Management, the SVP will have regular access to the Board.
Key Responsibilities:
* Serve as the principal Risk Management Officer and Compliance Officer, overseeing BSA, Vendor Management, Customer Information Security, Complaint Management, CRA, and Fair Lending.
* Provide for an effective organization-wide “Enterprise Risk Management and Compliance” plan.
* Chair the Risk Management Committee and the Compliance & CRA Committee.
* Serve as liaison with auditors and regulators for all audits, compliance reviews, and examinations.
The successful candidate will bring:
* Successful track record managing/leading a financial services risk management function that includes operational risk and compliance (or equivalent).
* Strong knowledge of risk management practices and assessment techniques. Experience with data analytics, risk assessments, project management, program development, and/or policy reviews.
* Excellent leadership, management, communication, and project management skills.
* Knowledge of relevant state, federal, and governmental laws/regulations.
* Certified Regulatory Compliance Manager (CRCM) certification (or equivalent).
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