Purpose: The objective of the Regulatory Engagement Coordinator is to support the execution of regulatory interactions across Financial Institutions, Inc. and its consolidated subsidiaries (collectively, the “Company”), namely Five Star Bank (the “Bank”) to ensure the organization is responsive, agile and well prepared for unique and demanding regulatory requests. The position requires strong project management skills and multi-departmental stakeholder engagement to ensure that regulatory interactions are thoughtful, comprehensive, and culminate in consistent messaging and responses. Additionally, the position will be responsible for providing senior management with reports and themes that emerge from regulatory feedback that emerges from examinations, and through continuous regulatory interactions.
The Regulatory Engagement Coordinator will work with the Deputy Chief Risk Officer & Director of Regulatory Engagement, and other key stakeholders to ensure the Company maintains a strong and productive engagement model with federal and state regulators, covering Safety & Soundness, Consumer Affairs, and Community Reinvestment Act (“CRA”) examinations. This role will be responsible for proactively managing the execution of regulatory engagements on behalf of the Company, which includes examinations, ongoing supervisory meetings and requests as well as responses to information requests, and Report of Examinations. This role will partner closely with subject matters experts within Risk, Compliance, Office of General Counsel, and other departments within the Company to execute the functions outlined below.
Essential Functions:
- Support the Chief Risk Officer, Deputy Chief Risk Officer & Director of Regulatory Engagement, and Chief Compliance Officer and other senior stakeholders in the coordination of complex regulatory interactions, including in-depth regulatory exams and ad-hoc requests.
- Coordination activities include project management of exams, oversight and review of materials prior to regulatory submission, managing stakeholder participation and presentations, overseeing follow-up regulatory requests and ensuring logistical needs are covered.
- Synthesize regulatory feedback and findings in key management reports provided to executive management, management-level committees, and the Board of Directors, and its committees.
- Ensure that management and key stakeholders are adequately prepared for regulatory meetings. Attend regulatory meetings and record meeting summaries and follow-up actions for distribution to relevant stakeholders.
- Work closely with partners in other Businesses and Functions, to ensure consistent and clear communications to regulators.
- Support the development of appropriate and comprehensive responses and remediation plans when regulatory issues and concerns are identified.
- Perform project management activities around exam remediation to ensure all remediation efforts are executed by respective owners in a complete and timely manner. Prepare remediation status updates for consumption by executive management, and the Board of Directors.
- Support the Chief Risk Officer and Deputy Chief Risk Officer & Director of Regulatory Engagement in driving proactive communication with regulators and provide advice to senior management on the best approach to regulatory interactions, including preparation of presentations, materials and other submissions provided to regulators.
- Maintain accurate and up-to-date records of regulatory interactions and communications.
- Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.
Job Related Qualifications:
Required:
- Education: Bachelor’s Degree in Accounting, Finance or business-related field.
- Prior Experience: 5+ years’ relevant experience preferably in a financial regulatory focused role that requires superior problem solving and excellent oral/written communication skills. Experience in the financial industry, and/or a consulting firm with regulatory, compliance, risk, or audit experience required.
Competencies:
- Understanding the principles of risk management (operational risk, compliance risk, credit risk, market risk, liquidity risk, strategic risk and/or capital markets and finance).
- Strong writing skills to summarize technical and sometimes complex regulatory interactions and capable of developing associated presentations for management-use.
- Experienced in project management with excellent organizational, follow-up / time management skills, and problem-solving capabilities.
- Ability to work independently, collaboratively, and ability to quickly adapt to realign to common goals.
- Ability to network and interact with a broad range of departments and senior management across the organization.
- Intellectually curious and willing to invest time in researching areas outside current knowledge base/ skill set.
- High proficiency in MS Office (Excel, Word, PowerPoint).
Physical Requirements:
- Able to regularly sit for prolonged periods of time.
- Able to travel: occasionally
- Extensive computer usage is required.
- Ability to work: Evenings: Occasionally. Weekends: Occasionally
Benefits:
- Medical, Dental, and Vision Insurance
- Health Savings Account
- Flexible Spending Account(s)
- Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability
- Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
- Tuition Reimbursement
- Employee Referral Program
- Wellness Reimbursement Program
- Star Volunteer Program
- Employee Banking and Financial Perks
- Flexible Hybrid Work Schedule
- Paid Time Off (PTO)
- Company Paid Holidays
This job description is not exhaustive. The Regulatory Engagement Coordinator may be required to perform other duties as assigned.The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.