Terence Johnson is a seasoned Risk and Compliance Testing professional with over a decade of expertise in regulatory compliance, risk assessments, and controls testing within the banking and financial services industries. As a licensed attorney, he possesses a strong analytical foundation, combining legal knowledge with extensive experience in regulatory oversight, control testing, and compliance management. His career has been defined by his ability to develop and execute risk-based compliance tests, identify control gaps, and ensure that financial institutions align with federal and state regulatory requirements.
Most recently, Terence served as a Contractor at Toronto-Dominion Bank, where he was responsible for testing and reviewing regulatory documentation to ensure compliance with laws such as Regulation E, the Servicemembers Civil Relief Act, the Military Lending Act, and the Fair Credit Reporting Act. He provided essential support to team members facing regulatory roadblocks and played a key role in strengthening the bank’s compliance framework.
Prior to his time at TD Bank, Terence worked as a Senior Compliance Officer at Western Alliance Bank, where he built new regulatory testing workbooks and conducted compliance tests to evaluate the effectiveness of internal monitoring processes. His work helped ensure that business units met regulatory expectations while reducing duplicate requests between compliance teams and internal auditors.
Terence’s expertise extends to Compliance Management System development, having played a crucial role in building and executing control design effectiveness and transaction testing processes during his tenure at Farm Credit Mid-America. In addition to lending operations implementation, he provided subject matter expertise on compliance-related matters, reviewed vendor management programs, and monitored regulatory changes to keep financial institutions aligned with evolving legal requirements. His experience in regulatory change management includes monitoring federal and state laws, enforcement actions, and advisory letters to proactively update internal policies and processes.
With a career spanning major financial institutions, including Rally Credit Union, Frost Bank, and MidFirst Bank, Terence has continuously demonstrated his ability to navigate complex regulatory landscapes. His work has encompassed risk assessments in fair lending, mortgage servicing, consumer compliance, and deposit and lending operations. He has provided regulatory guidance to business units, supported external audits, and developed compliance training programs to strengthen organizational compliance cultures.
Terence holds a Juris Doctorate from Oklahoma City University Law School, which enhances his ability to interpret and apply regulatory frameworks within financial institutions. His diverse skill set—ranging from procedure review and risk assessments to regulatory research and change management—positions him as a highly effective compliance leader. His ability to bridge legal expertise with operational compliance ensures that financial institutions remain proactive, compliant, and well-equipped to manage risk in an evolving regulatory environment.
Character
Terence Johnson is a principled compliance professional who upholds the highest ethical standards in regulatory oversight and risk management. His dedication to accuracy, fairness, and transparency ensures financial institutions operate with integrity while meeting legal and regulatory requirements.
Knowledge
With over a decade of experience in compliance testing, risk assessments, and regulatory oversight, Terence possesses a deep understanding of federal and state regulations affecting the financial industry. His legal background and expertise in regulatory change management allow him to provide critical guidance in an ever-evolving compliance landscape.
Strategic
Terence takes a proactive approach to compliance by identifying control gaps, strengthening risk management frameworks, and implementing forward-thinking compliance solutions. His ability to align regulatory expectations with business objectives ensures financial institutions remain compliant while optimizing operational efficiency.
Communication
As a skilled communicator, Terence effectively translates complex regulatory requirements into actionable insights for business units, leadership teams, and compliance stakeholders. His ability to collaborate across departments fosters a culture of compliance and ensures regulatory expectations are clearly understood and implemented.
