Overview
***After the initial training period, this is a hybrid role, working onsite in our Sioux Falls, SD office.***
Manage the relationship and oversight of compliance for one or more lines of business, as assigned, through implementation of an effective compliance program in collaboration with the Compliance Officer.
Responsibilities
Essential Functions
Develops and maintains a collaborative working relationship with internal and external clients.
Keeps abreast of relevant consumer protection laws, regulations, and supervisory guidance applicable to the assigned business line, (i.e. “Alphabet” of CFPB regulations such as B, C, E, F, G, M, O, P, V, X, Z, CC, DD) and laws such as E-SIGN and SCRA. Informs management, clients and interested parties of new and modified compliance requirements.
Reviews and updates policies, procedures and disclosures as needed for adherence with applicable laws and regulations. May assist in the development of compliance-related policies and procedures.
Assists in creating and maintaining company standards related to higher risk products, services, and practices. Ensure documentation and training materials are current to minimize risks.
Performs compliance reviews and risk assessments on new programs and initiatives as assigned.
Participates in due diligence reviews of key third party service providers associated with the line of business, as assigned.
Reviews elevated marketing collateral and materials for adherence to regulatory requirements and bank standards, providing guidance and advice as needed to bring the materials into compliance.
Assists line of business in the remediation of any risk items arising from testing, audits or examinations.
Acts as a subject matter expert, advising internal and external clients on day-to-day, elevated and complex compliance issues, rules, and regulations. Partners with clients (internal and external) to develop solutions and makes recommendations to meet compliance needs.
Assists in the management of compliance-related audits and examinations. Gather relevant documentation as requested, meet with auditors to respond to questions, prepare audit responses as needed, and implement actions recommended by auditors and examiners.
If assigned, manages compliance analyst team members and may be required to interview, hire, set high performance standards, and manage team performance in accordance with HR policies and procedures. Creates a flexible and energized work environment, fostering an atmosphere that enables employee trust and engagement. Inspires confidence and m
Motivate others to perform at their best.
Performs other duties as assigned.
No travel required.
Qualifications
Education/Experience Requirements
- Undergraduate degree in business or a related field or an equivalent combination of training and experience.
- Five years consumer compliance experience in the banking or financial services industry, specifically experience within or supporting a line of business.
Preferred Requirements
- CRCM, CCBCO or other compliance certification preferred.
- Strong knowledge of federal consumer protection laws affecting lending, deposit and payments-related products and services. and/or payments product knowledge and experience.
- Excellent verbal, written, and interpersonal communication skills.
- Detail oriented with strong organizational skills.
- A team player able to work effectively in a team fostered, multi-tasking environment.
- Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
Additional Information
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/
Company Culture & Background Screening
Company Culture at The Bancorp Bank: https://www.thebancorp.com/company/company-culture/
The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.
Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.
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