NewtekOne, Your Business Solutions Company, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable FinancingInventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.
Newtek Bank, N.A. is looking to add a Compliance Manager to the team.
Newtek Bank is seeking a detail-oriented and knowledgeable Compliance Manager (CM) to support the Compliance Officer (CO) in the day-to-day management of the Bank's Compliance Management System. This role will play a key part in executing and overseeing the compliance monitoring, testing, complaint and training programs, with additional focus on the Fair Lending Program, Community Reinvestment Act (CRA) Program, and other key regulatory areas. The CM will report directly to the Compliance Officer and will work closely with business unit leaders, internal audit, legal counsel, and external regulators. The CM will also supervise or mentor junior compliance staff or analysts.
Essential FunctionsResponsibilities:
Assist the CO in implementing and maintaining the Bank's Compliance Management System (CMS).
Conduct and/or oversee ongoing compliance monitoring and transactional testing to assess adherence to applicable laws and regulations.
Monitor changes to relevant regulations and help ensure policies and procedures are updated accordingly.
Prepare reports and presentations for senior management and regulatory examiners.
Review new or changed business initiatives and products for compliance risk.
Conduct root-cause analysis of identified compliance issues and assist in developing corrective action plans.
Assist with internal and external audits, examinations, and regulatory inquiries.
Develop and deliver compliance training to staff across various departments.
Manage and assist with the complaint management program, including the monitoring, periodic trend analysis for compliance risk or the identification of potential fair lending or UDAAP violations.
Support the development, execution, and documentation of the Fair Lending Program, including data analysis, risk assessments, file reviews, and training.
Coordinate CRA activities and maintain documentation of community development loans, investments, and services.
Maintain regulatory filings and compliance records, including CRA and future Section 1071 data file submissions.
Knowledge, SkillsAbilities:
Understanding of federal and state banking laws and regulations, including: Fair Lending (ECOA, FHA), Community Reinvestment Act (CRA), FCRA, FDPA, UDAAP, TISA, E-SIGN, and other consumer protection laws
Expertise in executing a Compliance Management program including risk assessment methodologies and internal control frameworks.
Understanding of Fair Lending risk indicators, file review practices, and data analysis techniques.
Knowledge of CRA requirements, including geocoding lending portfolio, identifying loans within the assessment area, community development activities, and regulatory ratings.
Working knowledge of consumer deposit, and commercial lending products and their compliance implications.
Ability to analyze regulatory guidance, internal data, and testing results to identify compliance risks and trends.
Experience designing and conducting compliance testing and monitoring activities.
Strong report-writing skills to prepare compliance assessments and summaries. Effective interpersonal communication to interact with staff at all levels.
Skilled at identifying root causes of compliance issues and recommending practical solutions.
Proficiency in Microsoft Office Suite, especially Excel (for data analysis and reporting).
Experience with compliance management systems (CMS) and fair lending/CRA software tools (e.g., CRA Wiz, Fair Lending Wiz, Ncontracts, etc.) is a plus.
Comfortable working in a changing regulatory environment and adapting to shifting priorities.
Self-motivated to proactively identify areas of compliance risk and improvement.
EducationCertification Requirements:
Bachelor's degree in Business, Finance, Legal Studies, or related field required.
6+ years of experience in banking compliance or a regulatory environment.
Solid understanding of federal and state banking regulations, including ECOA, CRA, FCRA, FDPA, and UDAAP.
Experience supporting or managing Fair Lending and CRA programs strongly preferred.
Strong analytical skills and attention to detail.
Excellent written and verbal communication skills.
Proficiency with Microsoft Excel and other data analysis/reporting tools; experience with compliance software is a plus.
Ability to manage multiple projects and deadlines in a fast-paced environment.
- Florida-based candidates preferred
Salary Range: $90,000 to $120,000 per year
NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to perform work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.
