Product Compliance Manager
Product Compliance Manager
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Location: New York or Palo Alto
Base Salary: $162000 $250000
Key Responsibilities:
Develop implement and maintain policies and procedures ensuring compliance with Regulation E.
Monitor changes in the regulation and adapt compliance programs accordingly.
Train staff on Regulation E requirements and the handling of error resolution and unauthorized transactions.
Lead the companys UDAAP compliance program to ensure fairness and transparency in all business practices.
Conduct regular reviews and risk assessments to identify potential UDAAP risks.
Implement corrective action plans for any identified UDAAP violations.
Employs data analytics to uncover patterns indicative of potential UDAAP compliance issues.
Performs root cause analysis to determine why customers are dissatisfied or confused reports findings and suggests risk mitigation strategies to senior management.
Works with product teams and customer service to refine and clarify practices.
Creates and revises training materials to prevent future UDAAP violations based on complaint trends.
Adapts the complaint analysis process to align with evolving consumer behaviors and regulatory changes.
Collaborate with product development teams and legal counsel to integrate regulatory requirements into product design from the outset.
Set up the governance to conduct prelaunch compliance reviews to ensure new offerings adhere to existing and forthcoming regulations relevant to consumer protection and toInternal compliance policies and procedures.
Develop and update internal policies and procedures to align with regulatory changes.
Lead the development and implementation of strategies to adapt to new regulatory requirements
Assess the impact of new regulations on existing products services and operations in partnership with product counsel.
Monitor and report on the implementation progress ensuring timely and effective adoption of new regulations across the organization.
Collaborate with business units to integrate compliance into operational changes.
Qualifications:
Bachelors degree in Finance Business Law or related field; advanced degree or compliance certification (CRCM CFSA or similar) highly preferred.
Minimum of 5 years in regulatory compliance with at least 3 years in a leadership role within financial services and proven experience with horizon scanning or regulatory change management.
Deep understanding of Regulation Reg E CC DD UDAAP banking laws state money transmission regulations and a proactive approach to regulatory change.
Strong analytical organizational and project management skills.
Excellent communication for interacting with regulators staff and executives
Proficiency with compliance management systems and horizon scanning tools
Ability to interpret and preemptively respond to complex regulatory documents.
Detailoriented with a proactive stance on compliance risk management.
Ethical integrity and commitment to fostering a culture of compliance.
Leadership to guide a team through regulatory changes.
Required Experience:
Manager
Employment Type
Full-Time
