Outsourced Compliance Officer Services
You need the experience of a full time compliance officer. You might not need the salary. RADD steps in as your outsourced compliance officer, or backs up the one you’ve already got.
What is an outsourced compliance officer?
An outsourced compliance officer is an experienced compliance professional who works for your institution under contract instead of on payroll. They can serve as your officer of record, or work alongside the officer you already have.
RADD provides outsourced and fractional compliance officer support to banks, credit unions, and fintechs. We can act as your BSA officer of record, run your compliance program day to day, or cover a specific gap like exam prep or a leave of absence.
The seat is open, or the person in it is buried.
Hiring is slow and expensive. A qualified compliance officer is hard to find, harder to keep, and the market has priced that in. Meanwhile the exam clock keeps running.
What we hear most often
- The compliance officer left, and the search has been open for months
- One person carries compliance, BSA, and three other jobs
- A leave of absence is coming and nobody can cover it
- The institution grew and the compliance function didn’t
- A new product or partner brought risk the program was never built for
None of that means you need a full time hire tomorrow. It means you need the work covered now. We do this same BSA/AML program work every day.
We’ve sat in the chair.
RADD is a compliance and audit firm. We work with banks, credit unions, and fintechs on BSA/AML, audit services, and compliance consulting. Our people have run compliance programs from the inside. We’ve been the officer, we’ve faced the examiner, and we’ve built programs from nothing. Here’s how compliance officer outsourcing works with us.
- We take stock of your program, your risk assessment, and your last exam findings
- We cover the seat as officer of record, day to day manager, or backup
- We hand it back when you hire, or we stay if that’s what works
- You decide the scope, and we size it to your budget
The R.A.D.D. Compliance Confidence Framework™
You shouldn’t have to figure out where to start. Our four-step framework turns regulatory uncertainty into a clear path forward, built around your institution’s size, business lines, and risk profile.
Reveal Risks
We uncover the regulatory gaps, operational risks, and audit vulnerabilities specific to your institution through a proactive compliance assessment, before an examiner finds them first.
Align & Analyze
We benchmark your current compliance posture against examiner expectations and board priorities, including emerging risks like crypto, fintech partnerships, IT compliance, and privacy laws (CCPA/GLBA).
Design Your Compliance Roadmap
You get a customized, board-ready roadmap with priorities, timelines, resource recommendations, and predictive strategies to eliminate future findings, not just the ones you already know about.
Deliver & Defend
We execute the roadmap alongside your team, through tailored audit engagements or our RADD Assist subscription, and stand with you in front of examiners, the audit committee, and the board.
Outsourced compliance services, sized to what you need.
Outsourced and fractional compliance officer coverage
- Outsourced compliance officer, full coverage without a full time salary
- Outsourced chief compliance officer, title and accountability carried
- Fractional compliance officer, a set number of days each month
- Outsourced BSA officer of record for banks, credit unions, and fintechs
- Interim and leave of absence coverage while you hire
- Day to day program management and board reporting
- Policy, procedure, and risk assessment rebuilds
- Monitoring rule tuning and alert backlog cleanup
The work around the seat
- Exam preparation, walked the way an examiner walks it
- Independent BSA/AML testing and compliance audit
- AML risk assessment refresh when products or partners change
- SAR and CTR filing support and quality review
- OFAC screening setup and match handling review
- Compliance training for staff and the board
- Fintech partner and sponsor bank style oversight
What makes us different
We’re practitioners, not just advisors. Our people have held the officer seat. The advice reflects that, and so does the paperwork we leave behind.
We scale up and down. A full outsourced officer, a few days a month, or one project. We size it to your risk and your budget, not to a package.
We know the fintech side. Most compliance shops stop at the traditional program. We already run fintech compliance work, so when a partnership shows up we’re not learning on your dime.
Banks, credit unions, and fintechs.
Community and regional banks. From de novo through multi billion dollar institutions. FDICIA, SOX, BSA/AML, and exam prep.
Credit unions. NCUA exams, CUSO oversight, and BSA officer support. See our credit union compliance page.
Fintechs and sponsor bank programs. If you’re a fintech looking for a partner bank, or a bank taking on fintech partners, we cover both sides.
Why Clients Rely on RADD LLC
Questions we get about outsourcing compliance.
Can you outsource a compliance officer?
Yes. Regulators allow an institution to use an outside party for the compliance officer function. What can’t be outsourced is the board’s responsibility for oversight. We work inside that line, and we document it so an examiner can see it.
What does an outsourced compliance officer cost?
It depends on scope. Full officer of record coverage costs more than a few days a month, and both cost less than a bad hire. We’ll quote it after a short call about your size, your risk, and what you need covered.
What does a fractional compliance officer cost?
Less than a full time salary and benefits, and you only pay for the days you use. Most fractional arrangements land between a project fee and a part time salary.
Do banks outsource compliance?
Yes, routinely. It’s most common when the seat is open, when the institution is too small to justify a full time officer, or when a project like exam prep or a program rebuild needs experience the internal team doesn’t have.
Can you be our BSA officer of record?
Yes. We serve as outsourced BSA officer for banks, credit unions, and fintechs. Some clients name us as the officer. Others keep their officer and use us as backup, so one person isn’t the only one who knows the program.
What are the requirements for an outsourced compliance officer?
The person needs the experience and the authority to do the job, and the board needs to formally appoint and oversee them. There has to be a written agreement, defined reporting, and evidence the board is actually receiving and acting on that reporting.
Do you work with credit unions?
Yes. NCUA exams, CUSO oversight, and BSA officer support. Our credit union compliance page covers that side in detail.
Do you work with fintechs?
Yes. Sponsor bank oversight, partner program compliance, and BSA/AML for fintechs directly.
How fast can you start?
Usually within a couple of weeks. Interim and leave coverage moves faster when it has to.
Can you cover a leave of absence?
Yes. Short term interim coverage is one of the most common reasons institutions call us. We hold the program together and hand it back documented.
What if we want to hire someone eventually?
That’s fine, and it’s common. We cover the seat while you search, and we hand over a program in better shape than we found it.
Is a virtual compliance officer the same thing?
Mostly yes. Virtual, outsourced, fractional, and part time compliance officer all describe the same idea. What matters is scope, authority, and whether the person has done the job before.
Let’s talk about covering the seat.
Tell us what’s open and what’s at risk. We’ll tell you what we would cover first and what it would take.
