Job Title: Compliance Officer, Sponsor Banking
This position is available as a remote or on-site assignment.
Summary:
Overall responsibility for risk management and compliance with federal and state banking laws and regulations related to regulatory compliance primarily related to Sponsor Banking. Responsible for developing, implementing, and maintaining systems and processes to ensure ongoing compliance and development of the Compliance Management System as it relates to multiple FinTech partnerships and the Sponsor Banking framework.
Wage Type: Salaried Exempt
Essential Duties & Responsibilities:
To perform this job successfully, an individual must be able to perform each of the essential duties satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Works closely with management to create a culture of best practices in compliance that is clearly aligned with regulatory requirements, organizational values, and operating principles to support Bank (Sponsor Banking) operations.
- Supports the development, implementation, and administration of Bank (Sponsor Banking) programs to establish controls, necessary training, and compliance program development to mitigate risk.
- Research federal and state banking and lending laws and regulations, reviews the financial institution's policies and procedures, and ensures financial institution compliance with laws and regulations as it relates to the Sponsor Banking framework.
- Acts as a subject matter expert to the bank with information to accurately determine the institution's extent of compliance and minimize risk to the Sponsor Banking framework.
- Advises on regulatory compliance topics and assists with assists with completing third-party due diligence and ongoing compliance monitoring plans related to Sponsor Banking.
- Conducts marketing reviews of FinTech partners and Sponsor Banking clients for compliance with rules and regulations.
- Serves as advisor and custodian of compliance related disclosures, notices, terms and conditions, deposit agreements, fee schedules, and deposit and loan agreements approved by compliance under the Sponsor Banking framework.
- Manages the bank's Sponsor Banking complaint program and handles issue through to resolution.
- Carries out responsibilities in a manner consistent with our values and operating principles, in accordance with policy and applicable laws, and with a commitment to commitment to continuous improvement and process excellence.
- Any other duties as assigned.
Key Deliverables:
- Lead the development and implementation of policies and procedures.
- Consistently improve internal and external compliance audit findings.
- Process effectiveness, efficiency, and control.
- Manages key components of the compliance program, including but not limited to regulatory change management, new product and opportunity risk assessments, ongoing client and third-party compliance due diligence, complaints process, compliance monitoring and advertising reviews.
Organizational Structure:
Reports to: Chief Executive Officer
Qualifications:
Education:
- Bachelor's Degree in Business or Related Field.
- Master's Degree is a plus.
Required Knowledge/Skills:.
- 5+ experience as a compliance officer or similar position in financial services.
- Strong knowledge of consumer regulatory compliance regulations including but not limited to money movement, payments cards, loan and deposit compliance requirements such as TISA, TILA, fair lending, TRID, ECOA, Reg E, Reg CC, FCRA, privacy, and.
- Extensive knowledge of financial institution policies and procedures.
- Extensive ability to read, analyze and interpret government regulations, trade journals and legal documents.
- Must be able to respond to common inquiries from regulatory agencies, courts, and outside consultants.
- Periodic travel to home office, branch locations, and other meetings as necessary (5 to 10% travel).
Desired Knowledge/Skills:
- CRCM Certification
- 7+ years in banking operations, compliance, and/or risk management.
- Nacha rules a plus.
Talents:
- Strong positivity.
- Mission driven, competitive, goal oriented, and motivated to develop themselves and others.
- Energetic, resourceful, and appropriate work intensity to get the work done.
- Strong people acumen and relationship skills; Naturally pre-disposed to quickly establish positive personal and professional relationships.
Other:
- Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.
- Must be able to lift to 20 pounds.
TransPecos Banks will not accept unsolicited resumes from any source other than the candidate. We will consider any candidate for whom an Agency submits an unsolicited resume, to have been referred to us by the Agency free of any charges or fees, other than those agencies we engage on a specific search. TransPecos Banks will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
