S&W has been retained by Northeast Bank (northeastbank.com) to manage the search for the Bank’s SVP, Director of Compliance Risk Management.
Northeast Bank is a high-performing publicly traded community bank. The bank was founded in Maine in 1872 and acquired by its current ownership group in 2010. The bank’s overall strategy is to originate consumer and small business deposits primarily through its retail branch network in western, central, and southern Maine and to use those deposits to originate and purchase commercial real estate loans nationally. Northeast Bank has experienced significant growth and currently has approximately $3B in total bank assets and is in exceptional financial condition with strong earnings, efficiencies, asset quality, and capital. The Bank is regulated by the FDIC and the State of Maine Bureau of Financial Institutions.
Reporting to the Chief Risk Officer, the SVP, Director of Compliance Risk Management is responsible for leading, implementing, and monitoring all aspects of the Bank’s compliance management program, including providing strategic direction designed to support organizational growth. This individual a) is the appointed Compliance Officer for the Bank and is responsible for the program to ensure that the Bank is compliant with all federal and state banking regulations governing the Bank’s products, services and operations; b) recommends changes to policies, procedures, and training to implement regulatory changes; c) assesses compliance risk and designs and performs reviews to augment the outsourced compliance audit plan; d) addresses or directs to appropriate resources compliance questions and issues for investigation and resolution; and e) is an operational risk and controls advisor to the business lines. This is a key leadership position on the Bank’s Enterprise Risk Management Team.
We are seeking exceptional compliance talent for this unique and growth-driven community bank role. For additional information, or to arrange a confidential discussion, please contact Moriah Maron, Consultant, Financial Services (mmaron@smithandwilkinson.com).