Truist Financial

Compliance Officer- Fair Banking and Regulatory Program

Truist Financial$88K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Economics, Finance, or Accounting, or equivalent work experience.
  • Two years of compliance-related experience.
  • Five years of experience in a financial institution.
  • Knowledge of compliance concepts, practices, and federal/state laws.
  • Detail-oriented with strong analytical skills.
  • Excellent communication and facilitation skills for all management levels.
  • Leadership abilities to mentor less experienced compliance staff.

Responsibilities

  • Maintain knowledge of laws and regulations affecting business units.
  • Review and assess regulatory changes and impacts on the organization.
  • Manage compliance risk communications, training, and documentation.
  • Monitor compliance risk management industry developments.
  • Implement compliance risk management strategies, including quality assessments and oversight.
  • Evaluate compliance documentation to ensure clarity for audits and regulators.
  • Consult on remediation efforts with business units.

Benefits

  • Medical, dental, and vision insurance.
  • Life insurance and disability coverage.
  • Tax-preferred savings accounts and 401k plan.
  • Minimum of 10 days vacation and 10 sick days in the first year.
  • Paid holidays and potential eligibility for pension plans.
  • Restricted stock units and/or deferred compensation plans may be offered.
Full Job Description
The Fair Banking & Regulatory Program (FBRP) team is seeking a Compliance Officer to join its Fair Banking Advisory team. This role supports Fair Lending and Fair Banking compliance oversight across a broad range of consumer lending products, services, and business units throughout Truist. The Compliance Officer will partner with Compliance, Risk, Audit, Analytics, Forensic File Review, and business stakeholders to identify, assess, monitor, and mitigate Fair Lending risk while helping ensure compliance with applicable regulatory requirements. Responsibilities include supporting complaint reviews, risk assessments, regulatory change management activities, compliance monitoring and reporting, governance processes, model review activities, and advisory support. This position offers significant exposure to enterprise-wide Fair Lending initiatives, regulatory compliance, risk management, and cross-functional partnerships while providing visibility into nearly all consumer lending products and services across the organization. The successful candidate will help promote a culture of compliance and risk management, support effective governance and issue remediation, and maintain awareness of evolving Fair Lending regulations, regulatory expectations, and industry developments. ESSENTIAL DUTIES AND RESPONSIBILITIES Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1. Maintain an understanding of all applicable laws, rules and regulations applicable to coverage areas and provide regulatory guidance to assigned business unit and/or function associates. 2. Review regulatory changes and assess the impact those changes may have on assigned business units and/or functions. 3. Manage compliance risk management communications, training, documentation, procedures, and processes. 4. Monitor and communicate compliance risk management industry developments. 5. Implement strategies and methods related to the compliance risk management framework within the organization, including quality assessments, key risk, and performance measurement data, along with oversight monitoring and mitigation strategies. 6. Assess process, procedure and control documentation and other related compliance issues and documentation to help ensure they are accurate and easily understood by audit and/or external regulatory agencies 7. Consult with business and/or functional units with respect to the design and implementation of remediation efforts as needed. QUALIFICATIONS Required Qualifications: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 1. Bachelor's degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience. 2. Two years of compliance-related experience 3. Five years of financial institution experience 4. Demonstrated working knowledge of standard compliance concepts, practices, policies and related state and federal laws. 5. Detail orientated and strong analytical skills. 6. Strong communication, presentation and facilitation skills; proven ability to interact with all levels of management. 7. Leadership skills to guide and mentor the work of less experienced compliance consultants and analysts. Preferred Qualifications: 1. Master's degree. 2. 5 years of experience in the financial services industry within audit or compliance. 3. Prior supervisory or management experience. 4. Completion of the American Bankers Association (ABA) Compliance School or CRCM certification To comply with the Virginia pay transparency statue and for work location in VA only, the annual base salary for this position is $88,000-$110,000. General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

Stay Connected

Don’t miss out on future opportunities or insights into our company culture and industry trends. Subscribe to our job alert emails and stay informed about new positions and career tips directly from our professionals. At Truist Financial, we’re not just offering jobs; we’re building careers. Join us and discover how you can make a difference and fuel your future.

SEARCH TRUIST FINANCIAL JOBS

READ CAREERS BLOG

Learn more about Truist Financial
Size
50,283 employees
Market Cap
$56.6 billion
Industry
5 Year Trend
+14.3%
NASDAQ

Similar Jobs

More Jobs at Truist Financial

More Finance & Insurance Jobs

Find similar Compliance Officer- Fair Banking and Regulatory Program jobs: