Sharmane Andrews serves as the Senior Vice President and Chief Compliance Officer for Regulatory and Consumer Affairs at Simmons Bank, where she plays a pivotal role in ensuring the institution adheres to a complex landscape of financial regulations. With a robust background in compliance management,...
Sharmane Andrews serves as the Senior Vice President and Chief Compliance Officer for Regulatory and Consumer Affairs at Simmons Bank, where she plays a pivotal role in ensuring the institution adheres to a complex landscape of financial regulations. With a robust background in compliance management, Sharmane specializes in critical areas such as risk and exam management, fair lending laws, and regulatory data collection, including the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA). Her expertise not only encompasses the intricacies of regulatory compliance but also extends to the strategic oversight of Fair Banking initiatives, ensuring that Simmons Bank upholds the highest standards of ethical conduct and consumer protection.
In her current role, Sharmane is responsible for the comprehensive management of regulatory compliance risks, which includes overseeing the Regulatory Exam Management unit. This involves preparing the bank for examinations and audits, ensuring that all practices align with both federal and state regulations. Her leadership in the CRA and Community Development sectors has been instrumental in fostering community relationships and enhancing the bank's commitment to serving underserved populations. Sharmane's analytical skills, combined with her proficiency in financial reporting and risk management, empower her to navigate the evolving regulatory landscape effectively. Through her dedication and strategic vision, she not only safeguards the bank's reputation but also contributes to its mission of promoting fair lending practices and community development.
