Provident Bank Hires New Chief Compliance Officer
Iselin, N.J., July 25, 2023 — Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of a talented and experienced new leader to the organization.
Mary Brown has been appointed to the position of Senior Vice President, Chief Compliance Officer. Ms. Brown is responsible for developing and implementing a comprehensive compliance program to ensure effective compliance risk management across all areas of the bank, while providing regular reporting to the management governance committees and the board of directors, as necessary. In addition, as the bank’s Community Reinvestment Act (CRA) Officer, she is responsible for assisting management with the implementation of strategies to support Provident’s community reinvestment goals of promoting affordable housing initiatives and making a positive impact on underserved communities within Provident’s market.
“I am delighted to welcome Mary to this important role on our risk leadership team,” said James Christy, Executive Vice President, Chief Risk Officer. “Her record of success at a range of financial institutions makes her a valuable contributor towards the success of Provident, while we maintain our high standards in risk management, regulatory compliance, and community service,” added Mr. Christy.
Ms. Brown has more than 25 years’ experience in the financial services industry in leadership roles of increasing responsibility, with a successful record of providing sound advice and risk stewardship, while building, leading, assessing, and enhancing risk management programs. Most recently she served as Managing Director and Chief Compliance Officer for HSBC, where she provided strategic leadership for regulatory and financial crime compliance, risk stewardship, and advisory support to the U.S. retail bank, including areas of Wealth Management, Private Bank, Asset Management, Retail Consumer, CRA and Fair Lending, and Small Business.
Ms. Brown attended Hunter College in New York and the National Compliance School at Purdue University, where she completed courses in the Graduate School of Compliance. She holds a post-graduate diploma in International Governance, Risk and Compliance from the Alliance Manchester Business School and holds certificates from Wharton Business School.
About Provident Bank
Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $13.78 billion as of March 31, 2023. With $10.30 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey, as well as Bucks, Lehigh and Northampton counties in Pennsylvania and Nassau and Queens Counties in New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust.