Investors Bank appoints Varshney as chief compliance officer

Short Hills-based Investors Bank announced Tuesday it has appointed Rajiv Varshney to chief compliance officer, effective immediately.

Varshney will be responsible for maintaining a sustainable and scalable compliance program that align’s with the bank’s strategic growth plan. He will also be tasked with deploying the bank’s databases, workflow tools and management information systems.

Varshney will report to Paul Kalamaras, chief risk officer at Investors. He will also be part of the executive team.

“We know that Rajiv has the skill set to manage, shape and scale our risk compliance function as we look to grow the organization. He is a highly motivated strategic thinker with a broad base of expertise in banking and team mentoring, as well as in risk and change management. Rajiv also brings a wealth of experience interacting with banking regulators on issues ranging from compliance to corporate governance and reporting. A volunteer who devotes his time to serving communities, he is deeply committed to environmental conservation projects,” Investors Bank CEO Kevin Cummings said.

Prior to Investors, Varshney served as the regulatory compliance chief operating officer at HSBC USA from 2013 to 2019. He joined HSBC in 2003 as an executive in its credit card business. He also served as a consultant with EY and several manufacturing firms in the Midwest.