Steven Gust brought valuable bank C-level experience and perspective to TCA and its client banks when he joined the company in 2008.
The Virtual Compliance Manager (VCM) program, highly popular as banks face both compliance budget and management pressures, provides two options for banks seeking compliance management assistance: (1) short-term (typically 90-180 days) project-oriented compliance management, and (2) longer-term, outsourced management when a bank’s internal compliance structure is under pressure.
Earlier, Mr. Gust was Chief Operations Officer and, later, Chief Financial Officer at a suburban Chicago bank where he was charged with improving profit margins and reducing bad debt. Operating under the dual umbrellas of prudent fiscal and compliance requirements, Mr. Gust’s responsibilities included:
- Management of balance sheet risk.
- Assessment of the financial impact of bank department activities.
- Development of the institution’s ALLL methodology.
- Deposit repricing.
- Management of the bank’s multi-level strategic planning team.
Mr. Gust earned an executive management MBA from the Lake Forest (IL) Graduate School of Management and two bachelor’s degrees – one in business, with a major in finance, and another in education – from Southern Illinois University, Carbondale.