Terry Townsend, Crcm
About Terry Townsend, Crcm
Terry Townsend is the Senior Director of Deposits Compliance at Ally Financial Inc., with extensive experience in compliance and risk management roles across various financial institutions.
Current Role at Ally Financial Inc.
Terry Townsend currently serves as the Senior Director of Deposits Compliance at Ally Financial Inc. He has held this position since 2018, based in Charlotte, North Carolina. His responsibilities likely include overseeing regulatory compliance for deposit operations, developing compliance strategies, and ensuring that the institution adheres to legal and financial regulations.
Previous Positions at Ally Financial Inc.
Before becoming the Senior Director, Terry held two other roles at Ally Financial Inc. From 2015 to 2018, he was the Director of Deposits Compliance, and from 2011 to 2015, he served as the Manager of Deposits Compliance. These roles involved a gradual increase in responsibilities and oversight within the compliance department, highlighting his extensive experience and expertise in deposit compliance.
Experience at Bank of America
Terry Townsend worked at Bank of America in various capacities. He was the VP and Global Client Service Operational Risk Manager in 2010 for 6 months. From 2007 to 2010, he served as the VP of Compliance and Operational Risk Manager, and from 2004 to 2007, he was the Senior Compliance Manager for Deposit & Debit Products. His time at Bank of America contributed significantly to his expertise in compliance and operational risk management.
Roles at BB&T and First Union National Bank
Terry's career also includes significant roles at BB&T and First Union National Bank. At BB&T, he was a Banking Officer and Deposit Risk & Charge Off Manager from 2001 to 2004. At First Union National Bank, he served as a Business Risk Analyst from 1999 to 2001 and a Charge Off Analyst/Loss Claims Investigator from 1998 to 1999. These roles helped build his foundation in risk management and compliance.
Early Career and Education
Terry Townsend began his career as a Criminal Records Supervisor at PINKERTON | Corporate Risk Management Services, where he worked from 1994 to 1998. He holds a Bachelor's degree in Business Administration from the University of North Carolina at Charlotte, which provided him with a solid academic foundation in business principles.