Bachelor's degree in Business Administration or related field
Five or more years of regulatory compliance or risk management experience
Experience in consumer financial products or services at a large banking institution
Previous payments experience preferred
Ability to analyze regulations and legal documents thoroughly
Responsibilities
Monitor and test payments programs to ensure compliance with regulations
Document testing results and provide clear summaries of analysis
Maintain knowledge of federal regulations related to payments
Conduct risk assessments and assist in gap analysis
Identify trends within large data sets to mitigate risks
Present complex scenarios in a clear and concise manner
Communicate identified issues to management for decision-making
Benefits
Supports professional growth and career advancement
Collaborative work environment with cross-functional teams
Opportunities to work on high-impact projects
Focus on continuous improvement in risk management practices
Commitment to diversity and inclusion in the workplace
Full Job Description
Summary:
Responsible for the monitoring and testing of payments programs within the First Line of Defense. Works to minimize risk through the continuous monitoring, testing and analysis of programs risk-taking activities on an ongoing basis to ensure applicable regulatory requirements are met.
Qualifications:
Education: Bachelor's degree in Business Administration or related field.
Licenses/Certifications:
Experience: Five or more years of regulatory compliance or risk management experience supporting consumer financial products or services at a large or complex banking institution. Previous payments experience preferred. Or equivalent combination of education and experience.
Essential Functions:
A: Job Specific:
Performs both detail testing of various regulatory obligations, and high-level analysis to assess adequacy of the programs risk and control environment as well as compliance with applicable regulations.
Clearly documents testing through workpapers, and provides summary of analysis in clear and concise format.
Maintains working knowledge of federal regulations applicable to Payments including but not limited to: Reg E, UDAAP / UDAP, Reg DD, Reg CC, CAN-SPAM, TCPA, FCRA / Red Flag ID Theft etc.
Demonstrates strong risk management understanding, aiding in risk assessments and gap analysis as needed.
Identifies and analyzes trends / themes within large data sets.
Takes complex scenarios or processes and breaks them down to a clearer and more concise format.
Identifies and evaluates emerging risks and present findings to management.
Ensures identified issues are communicated and escalated with clear context to allow for appropriate decision making.
Partners effectively with peers and colleagues within 1LOD and across various functions of the Bank to drive consistent and effective practices.
Knowledge/Skills/Abilities:
The ability to communicate effectively and clearly, both in verbal and written communications.
Excellent interpersonal skills.
Strong knowledge of the business area that is being supported.
Self-directed and motivated.
The ability to manage multiple tasks.
Excellent problem-solving skills.
Ability to read, analyze and comprehend journals, audit reports, regulations and legal documents.
Ability to respond to common inquiries or complaints from employees, customers, regulatory agencies, or members of the business community.
Ability to effectively present information to top management and employee groups.
Strong analytical skills, able to dissect complex problems and synthesize large amounts of information.
About Sutton Bank
Sutton Bank is a community bank that provides personal and business banking services. The bank offers checking and savings accounts, loans, mortgages, credit cards, and other financial products. Sutton Bank was founded in 1878 and is headquartered in Attica, Ohio.
