Spencer Savings Bank, one of New Jersey’s leading community banks, is pleased to welcome Leo Tavares as Vice President, Compliance Manager. In this new role, Tavares will help lead and manage the bank’s compliance program, further evolving processes and procedures across the bank in support of its compliance and risk-management functions.
“We are pleased to welcome Leo to our Compliance team. He has extensive experience in the Compliance field, and we look forward to the many contributions he will make in helping to keep the bank and customers safe,” stated Jane Rey, President and Chief Operating Officer at Spencer. “Effective risk management is a strategic priority and core competency at Spencer. Managing risk effectively has been crucial for our success and growth.”
Tavares brings almost 25 years of experience in the compliance and financial services industry. Throughout his career he has held a variety of leadership positions at various financial institutions in the tri-state area. He has extensive experience in developing and administering effective Compliance, CRA and BSA/AML programs – ensuring regulatory adherence and enhancing internal controls.