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SmartBiz Loans seeks a Vice President of Compliance & Legal to serve as the Bank's Compliance Officer and administer its Compliance Management System (CMS). This individual contributor role is based in either Austin, TX or Northbrook, IL and combines compliance oversight with legal and corporate governance support.
Key compliance responsibilities include administering and maintaining the CMS; performing compliance monitoring, testing, and risk assessments across SBA lending, commercial lending, and deposit operations; preparing periodic compliance reporting for Management and Board Risk Committees; maintaining compliance policies and procedures; coordinating regulatory examinations and audits; monitoring regulatory changes (especially SBA regulations); reviewing customer complaints and identifying trends; assessing new products and services for regulatory implications; administering the Community Reinvestment Act (CRA) Strategic Plan; and escalating significant compliance concerns to executive management and the Board.
Governance duties include maintaining corporate records and governance documentation, supporting the Corporate Secretary in Board activities, and assuming Corporate Secretary responsibilities as assigned.
Legal responsibilities include reviewing and negotiating vendor agreements, NDAs, and routine commercial contracts; coordinating with the General Counsel and outside counsel on employment, litigation, regulatory, and SBA matters; handling subpoenas and legal process requests; and providing routine legal and regulatory guidance to business partners.
The role requires a Bachelor's degree; a Juris Doctor (J.D.) is preferred, though significant banking legal/compliance experience may substitute. Candidates must have 7+ years of banking, fintech, or regulated financial services experience with strong knowledge of banking laws, commercial lending compliance, SBA lending regulations, CRA requirements, and related regulatory frameworks.
