AVP - Bank Compliance Testing
Company: First Electronic Bank
Location: Salt Lake City
Posted on: May 15, 2022
Job Description:
Job DescriptionSalary: Job purpose As Second Line of Defense,
the AVP - Bank Compliance Testing has the responsibility to both
lead and individually perform compliance testing to evaluate our
Strategic Partner's (SP) compliance with applicable laws and
regulatory requirements. This individual will need to ensure the
Bank Compliance Testing team plan & scope each review based upon
the risk for each SP, produce quality detailed work papers, prepare
succinct reports, and credibly challenge the adequacy and
effectiveness of corrective action plans. The candidate must have a
strong working knowledge of FDIC and CFPB Exam Procedures. The
candidate must have strong communication skills and demonstrate a
record of accomplishment and excellence in delivery. Duties and
responsibilities
- Oversee a risk-based framework for the Bank Compliance Testing
program.
- Strong understanding of Regulatory Risk Assessments, Fair
Lending Risk Assessments and UDAP Risk Assessments, which drives
the development of the Bank Compliance Testing Plan and scope.
- Participate in conducting Compliance testing and monitoring of
lending regulations to include, but not limited to: UDAAP, BSA,
Fair Lending, TILA, FCRA/FACTA, SCRA, MLA, FDCPA and TCPA
- Participate in conducting Compliance testing and monitoring of
deposit regulations to include, but not limited to: TISA, EFTA,
EFAA, FDIC Deposit Insurance, Debit Card Interchange Rule, and
Garnishments.
- Strong working knowledge FIL 44-2008, Guidance for Managing
Third Party Risk.
- Conduct fair lending reviews using the FFIEC Interagency Fair
Lending Exam Manual
- Report identified findings to the appropriate Compliance
Manager/Compliance Officer and assist in determining appropriate
corrective action
- Follow-up and validate corrective action plans to ensure issues
are addressed appropriately.
- Produce reports for the Chief Compliance Officer and/or Bank's
Compliance & Risk Committee. Present to the Compliance & Risk
Committee and Board of Directors as may be necessary.
- Assist with providing requested documentation, information or
reports as directed for internal Audits or Regulatory
Examinations
- Monitor and stay abreast of federal/state consumer and
commercial lending laws and regulations, as well as industry
trends, and communicate changes to Bank and SPM.
- Complete additional projects and duties as directed
Qualifications Minimum qualifications
- Bachelor's degree
- 6+ years in Compliance testing experience
- 10+ years in financial institution in Compliance or Risk
Management role
- Advance knowledge of regulatory knowledge of consumer
protection laws and regulations around deposits, credit card,
installment loans and open-end credit
- Knowledge and experience in performing internal control
reviews, quality assessments or Compliance or Audit testing
- Ability to understand operations and banking policies and
procedures
- Ability to convey ideas and thoughts clearly in writing and
verbally
- Strong problem solver
- Ability to determine best course of action/make sound
recommendations for correction of testing/monitoring findings
Preferred qualifications
- Certified Regulatory Compliance Manager (CRCM)
- Experience in working with Fintech partnerships Working
conditions Hybrid working options for mix of in-person and remote
working. Physical requirements While performing the duties of this
job, the employee is regularly required to talk or hear. The
employee is frequently required to stand; walk; use hands to
finger, handle or feel; and reach with hands and arms. Other Duties
Please note this job description is not designed to cover or
contain a comprehensive listing of activities, duties or
responsibilities that are required of the employee for this job.
Duties, responsibilities, and activities may change at any time
with or without notice. Direct reports
- Senior Associates
- Compliance Analysts
Keywords: First Electronic Bank, Salt Lake City , AVP - Bank Compliance Testing, Other , Salt Lake City, Utah
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