AVP, BSA and Compliance

BofI Holding, Inc   •  

San Diego, CA

Industry: Accounting, Finance & Insurance


Less than 5 years

Posted 169 days ago

This job is no longer available.

This position will report to the First Vice President of Third Party Risk & Compliance and will be primarily responsible for ensuring that assigned Strategic Partnership programs maintain compliance with banking regulations as well as all Bank requirements. This position involves planning, organization and execution of the Bank's day-to-day operational compliance activities related to assigned Strategic Partnership programs.

Responsibilities include:

  • Design, implement and oversee compliance monitoring and oversight activities for prepaid, credit, DDA, and business and consumer lending programs of third parties to test the compliance controls and procedures
  • Conduct due diligence on new third parties to help the Bank make risk-based strategic decisions on new products
  • Review new third party programs presented by partners to ensure they fit within Bank’s strategic direction and risk mitigations
  • Perform reviews and oversee personnel responsible for reviewing third party marketing materials for regulatory and Visa/Mastercard compliance, including identifying any UDAAP concerns
  • Complete Suspicious Activity Report (SAR) investigations when needed to ensure they are prepared completely and accurately, and all completed forms are filed with the appropriate government agency within the time frame mandated by Regulation
  • Ensure 314(a) requests are completed and notifications to FinCEN are completed within the time frame mandated by regulation
  • Provide appropriate documentation and/or information when communicating with Law Enforcement
  • Assist in educating various business units and third parties on risk and compliance, including but not limited to BSA/AML, due diligence/underwriting, multiple regulations, and applicable best practices
  • Work directly with various business units and third parties to ensure risk assessments are completed in compliance with regulatory requirements and bank policies
  • Monitor changes in applicable laws, regulations and industry related news or events for all relevant subject matter and completes gap analyses to determine impact, if any, on Bank operations, processes and procedures and recommend changes as needed
  • Produce management information reports for third party relationships and for senior management, designated committees and Board of Directors
  • Compile the preparation work for regulatory exams and external audits; manage remediation efforts as applicable

Key Skill Sets or Knowledge Requirements:

  • Ability to read, analyze and interpret government regulations and other legal documents, as applicable
  • Experience managing multiple and/or shifting priorities, producing professional and accurate work under time constraints
  • Strong analytical, research and problem solving skills and the ability to analyze data
  • Excellent written and verbal communication skills and experience with internal and external parties
  • Dependability and willingness to take responsibility for one’s own work product
  • Strong PC technical skills and proficiency in MS Office

Desired Career Experience & Education Requirements:

  • Experience with payment products, especially credit cards and consumer loan products
  • Knowledge of key banking regulations, especially the CARD Act and OCC 2013-29: Third Party Risk Management, strongly preferred
  • Strong knowledge of consumer (non-mortgage) lending regulations and best practices
  • Experience working with third party service providers, alternative financial services, and/or FinTech companies
  • 1+ year(s) managerial experience
  • Compliance and risk management oversight or auditexperience
  • Bachelor's degree in business related field and/or 3 or more years of equivalent experience in Banking, Compliance and Risk Management, BSA/AML, Legal or Audit fields