Director, Compliance

Background

At Reinvestment Fund, we are dedicated to making a tangible difference in the lives of underserved individuals and communities. Our mission is to create opportunity for underserved people and places through partnerships. We marshal the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities.

As a federally certified community development financial institution (CDFI), our job is to make finance an agent of positive change and equitable growth. We provide loans, grants and technical assistance to businesses and nonprofits. Our borrowers and grantees educate students, support local economies, and create jobs. They build affordable housing and provide community goods and services that include access to nutritious food, hunger relief, physical and mental health care, and other social services.

WORK LOCATION:

For this position, we will consider remote employees within the Eastern Time Zone, with a preference towards candidates in the Philadelphia, PA or Atlanta, GA areas to allow for occasional team-based face-to-face interactions. If a remote employee is ultimately selected for the position, travel will be occasionally required for staff meetings.

Summary

ABOUT THE DEPARTMENT:

The Risk & Compliance department is responsible for developing and monitoring an effective risk and control framework across the organization. Risk & Compliance engages directly with business partners to effectively manage various risks in an environment of proactive and strategic problem solving. The Risk & Compliance department, along with Operations and Information Technology, comprise Reinvestment Fund’s Operations department.

ABOUT THE POSITION:

Reinvestment Fund is seeking a Director, Compliance to lead and enhance the organization’s compliance management program, ensuring adherence to applicable laws, regulations, funding requirements, and internal governance standards. Reporting to the Managing Director, Risk & Compliance, this role serves as a trusted compliance subject matter expert (SME) and business partner, providing practical guidance and oversight across public-funded grants, CDFI Fund requirements, AML/KYC, policy governance and state regulatory obligations.

Partnering closely with business units, the Director will help embed compliance into day-to-day operations, support risk-informed decision making, and serve as a central point of coordination across internal stakeholders and external counsel. Using both strategic and hands-on skills, this role provides an opportunity to shape and strengthen the organization’s compliance framework while managing compliance operations and driving initiatives that strengthen governance, regulatory readiness, and organizational compliance maturity.

Responsibilities

Regulatory Compliance and Governance:

• Develop, implement, and continuously enhance the organization’s compliance management framework, policies, procedures, and governance processes, ensuring alignment with federal, state, and local regulatory requirements.
• Serve as the primary compliance subject matter expert and advisor for compliance-related questions, interpretations, and escalations.
• Monitor regulatory developments and oversee the organization’s compliance framework, including the management of certification, reporting, eligibility, and other regulatory requirements related to CDFI and public funding programs.
• Lead regulatory examinations, site visits, and due diligence activities, while partnering across business functions to ensure compliance with applicable consumer protection, fair lending, data privacy, information security, and reporting obligations.

Grants & Funding Compliance:

• Act as the organization’s subject matter expert on grants compliance, including federal grant requirements, pass-through funding requirements, and subrecipient monitoring obligations.
• Develop and maintain compliance frameworks, manuals, policies, and training programs for grant-funded activities.
• Partner with business units to ensure funding is used in accordance with applicable award terms, reporting requirements, and compliance obligations.
• Support audit readiness and coordinate responses to federal or pass-through entity reviews.

AML, KYC & Sanctions Compliance:

• Own and administer the organization’s AML, KYC, sanctions, and OFAC compliance program, including customer due diligence, sanctions screening, investigations, and escalations.
• Maintain AML compliance requirements, including policies, procedures, controls, monitoring activities, and documentation.
• Monitor regulatory developments and industry best practices related to financial crimes compliance.

Compliance Advisory, Contract Review & Business Support:

• Serve as a trusted compliance business partner, ensuring compliance considerations are integrated into organizational decision-making, change-management activities, and the development of new initiatives, products, funding opportunities, and strategic projects.
• Provide compliance oversight of third-party and vendor relationships including contract review processes, especially for cases where sensitive data is handled or outsourced critical functions.
• Support legal escalations by assessing compliance implications and coordinating with external counsel as needed.

Policy Governance & Compliance Operations:

• Own the governance, lifecycle management, and periodic review of corporate policies and procedures and establish policy governance standards, review processes, approval workflows, and documentation requirements across the organization.
• Develop and deliver compliance training and awareness programs to strengthen organizational understanding of compliance responsibilities.
• Oversee state registration, licensing and entity compliance requirements across jurisdictions, including ongoing filing, renewal and good standing obligations.
• Lead or support special projects and strategic initiatives that strengthen compliance, governance, operational effectiveness, and organizational resilience.
• Other duties as assigned.

Requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required Qualifications:

• Bachelor’s degree in business, finance, public policy, law, or a related discipline, or equivalent experience.
• 7+ years of experience in compliance within a federally funded regulated environment; experience in a financial services or similarly regulated environment will also be considered.
• Experience overseeing or supporting compliance programs involving cross-functional coordination across business, legal, and operational teams.
• Working knowledge of AML/KYC, OFAC, and sanctions compliance frameworks
• Demonstrated ability to translate complex regulatory requirements into practical, business-aligned processes.
• Strong communication and stakeholder management skills, with the ability to influence and drive execution across teams.
• Proven ability to operate as both a strategic advisor and hands-on executor in a compliance function.
• Demonstrated experience building, implementing, and improving structured compliance programs and processes.

Preferred Qualifications:

• Relevant professional certifications (e.g., CAMS, CRCM) or advanced degree.
• Strong knowledge of Uniform Guidance (2 CFR Part 200) and federal grant compliance requirements.
• Experience within a CDFI or similar mission-driven financial institution.
• Experience with CDFI Fund programs, reporting (e.g., ILR/TLR), or certification processes.

Compensation and Benefits

Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability, and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.

The salary range for this position at commencement of employment is between $140,000 and $156,000/year, however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States and all new hires may be subject to a background check.

Reinvestment Fund is an Equal Opportunity Employer. We do not discriminate in hiring or employment practices based on race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disability, or status as a veteran. Reinvestment Fund is committed to belonging, culture and engagement throughout our organization and in our external investment practices.

Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a state-registered investment adviser. In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA. As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information for certain individuals, and this reporting may extend to your household members.

How to Apply

Please apply directly on our website: Reinvestment Fund Careers