Richard H. Harvey, Jr., is an experienced Executive-level Compliance leader and a noted expert in developing and implementing risk-based Compliance and Anti-Money Laundering programs for traditional and non-traditional financial institutions. Richard currently serves as Executive Vice President, General Counsel and Director of Compliance Risk for Beneficial State Bank. He also serves as Principal of R Harvey Associates, LLC. Prior to joining Beneficial, Richard served as the General Counsel and Chief Compliance Officer for World Open Network. He has also served as the Chief Compliance Officer for Colonial Savings, F.A., and General Counsel and Chief Compliance Officer at two start-up financial technology companies: Omney, Inc., and Skrill USA.
Richard is a graduate of the Catholic University of America Columbus School of Law. He served as an Enforcement and Litigation attorney with the Office of Thrift Supervision from 1986 to 1993. Richard joined Chevy Chase Bank in 1995 and served as the Bank’s Chief Compliance Officer and Chief Privacy Officer until 2002. In 2002, he joined E*Trade Bank as Director, Chief Compliance Officer. In 2003, Richard joined Washington Mutual Bank and served as First Vice President, Regulatory Analysis Manager. In 2004, he joined Silicon Valley Bank serving as the Director of Compliance, CRA, and Regulatory Relations. And in 2006, Richard served as a Senior Vice President and Chief Compliance Officer for Rabobank, NA.
During his career, Richard has held key roles in many areas of bank compliance. He has had responsibility for managing his institution’s Bank Secrecy Act, Privacy, Consumer Compliance, Safety and Soundness and Information Technology examinations. Additionally, Richard is a Certified Regulatory Compliance Manager (CRCM) and Anti-Money Laundering and Fraud Professional (CAFP). He currently serves as a faculty member for the American Bankers Association (ABA) School of Compliance Risk Management. Richard has also taught a course on Compliance management at the Stonier School of Banking.
In 2017, he was selected to serve on the Consumer Financial Protection Board Community Bank Advisory Council. In 2019, Richard was recognized for his service to the financial services industry with the ABA’s Distinguished Service Award.
Richard is a frequent speaker at conferences and seminars on the topics of Compliance Risk Management, Privacy, BSA and Anti-Money Laundering and Fair Lending. In 2001, Richard testified on behalf of the ABA before the House of Representatives Banking Committee concerning financial institutions’ efforts to combat identity theft.