AVP Enterprise Compliance Testing (Hybrid)
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Job Location:
Sioux Falls, SD - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Overview
Work Arrangement:
***This position is available as a hybrid position in our Wilmington DE or Sioux Falls SD office.***
Assists in the leadership execution quality oversight and continuous enhancement of the Enterprise Compliance Testing Program within the second line of defense. Ensures compliance testing across assigned lines of business (e.g. prepaid lending operations etc.) and to related functional support areas are in accordance with applicable Federal regulations internal standards and industry best practices as part of The Bancorps Compliance Risk Management Program.
At The Bancorp weve spent over 20 years driving innovation in the financial services industry. As a trusted partner to businesses from startups to Fortune 500 companies we provide the people processes and banking technology to help our clients succeed. Whether youre working in Fintech Solutions Institutional Banking Commercial Lending or Real Estate Bridge Lending youll have the opportunity to be part of a team thats transforming businesses with forward-thinking tech-powered solutions.
Key Responsibilities
- Develops and maintains a collaborative working relationship with internal and external stakeholders including FinTech Solutions Client Services Financial Crimes Risk Management Monitoring and Oversight Audit Third-Party Risk and various business lines.
- Assesses the adequacy of The Bancorp policies and procedures and performs second line of defense functions against regulatory requirements including but not limited to: Regulations E CC DD B Z O M UDAAP/ UDAP GLBA E-SIGN SCRA MLA FCRA CAN SPAM Reg ii Reg GG and 1099 INT Rules.
- Assists in the development execution and ongoing maintenance of the annual Compliance Testing Schedule including defining testing scope methodology sampling strategies and workpaper standards.
- Reviews and challenges testing workpapers sampling methodologies findings and reports completed by team members to ensure consistency accuracy regulatory alignment and examination readiness.
- Presents testing results to Compliance Leadership clearly articulating areas of concern root causes and associated regulatory risk.
- Serves as a subject matter expert on effectiveness of compliance controls providing guidance and direction to less experiences team members and other department partners.
- Oversees the validation of corrective actions taken in response to findings identified through compliance testing internal audits regulatory exams and risk assessments ensuring remediation efforts are sustainable and address root causes.
- Supports the management of compliance-related audits and regulatory exams including documentation preparation audit engagement and implementation of recommended actions.
- Contributes to the enhancement of testing methodologies documentation standards reporting framework and quality assurance processes to strengthen second line of defense effectiveness and credibility.
- If assigned manages compliance analyst team members creating a flexible and energized work environment to foster an atmosphere that enables employee trust and engagement inspires confidence and motivates others to perform at their best.
- Performs other duties as assigned.
- No travel required.
Qualification Requirements
Education/Experience Requirements
- Undergraduate degree in business or a related field or an equivalent combination of training and experience.
- 5 years consumer compliance experience in the banking or financial services industry specifically experience within or supporting a line of business.
Preferred Requirements
- CRCM CCBCO or other compliance certification preferred.
- Strong knowledge of federal consumer protection laws affecting lending deposit and payments-related products and services. and/or payments product knowledge and experience.
- Excellent verbal written and interpersonal communication skills.
- Detail oriented with strong organizational skills.
- A team player able to work effectively in a team fostered multi-tasking environment.
- Proficient in Microsoft Office suite e.g. Excel PowerPoint Word Outlook.
Additional Information
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Working at The Bancorp Bank N.A. and Benefits Information: Culture & Background Screening Employment with The Bancorp Bank N.A. includes successfully passing a background check including credit criminal education employment OFAC and social media background history. #LI-Hybrid
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Key Skills
About Company
For over 20 years, The Bancorp has been providing nonbank companies with the people, processes and banking technology that are essential in meeting their individual needs
