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The Bancorp · 2 weeks ago

VP Enterprise Compliance

Greater Sioux Falls Area

Full-time

Hybrid

Senior Level, Lead/Staff

$121K/yr - $184K/yr

10+ years exp

The Bancorp is a financial services company seeking a VP of Enterprise Compliance to manage and administer the bank’s compliance risk management program. The role involves staying informed about consumer protection laws, training clients on compliance requirements, and conducting compliance reviews and audits.

BankingFinanceFinancial ExchangesFinancial ServicesPayments

Hiring Manager

Copeland Bain

Responsibilities

Keeps abreast of relevant consumer protection laws, regulations, and supervisory guidance applicable to the assigned business line, (i.e., “Alphabet” of consumer and credit regulations such as, but not limited to B, C, E, F, G, M, O, P, V, X, Z, CC, DD) and other laws for example, but not limited to, E-SIGN, 1099 IRS rules, and ID Theft. Informs management, clients and interested parties of new and modified compliance requirements

Trains internal and external clients on compliance requirements through a variety of methods including one on one or staff meetings, memos, educational presentations, and providing guidance on specific situations

Reviews and updates policies, procedures and disclosures as needed for adherence with applicable laws and regulations. Assists in the development of compliance-related policies and procedures

Assists in creating and maintaining company standards related to higher risk products, services, and practices. Ensures documentation and training materials are current to minimize risks

Performs compliance reviews and risk assessments on new programs and initiatives

Performs ongoing evaluation of third parties requiring enhanced oversight

Participates in onsite due diligence reviews of key third party service providers

Reviews elevated marketing materials for adherence to regulatory requirements and bank standards, providing guidance and advice to bring the materials into compliance

Oversees monitoring and testing to ensure that activities are completed in accordance with approved schedules. Identifies corrective action and follows up to ensure implementation

Builds and maintains close working partnerships with internal stakeholders and external clients to ensure they seek advice and counsel when needed on compliance issues

Prepares and presents compliance reports and executive summaries of compliance activities including concerns, issue trends and patterns, etc. and discuss recommendations for initiating additional controls and audits

Acts as a subject matter expert, advising the team, other departments and clients on day-to-day, elevated, and complex compliance issues, rules, and regulations. Partners with internal and external stakeholders to develop solutions and recommendations to meet compliance needs

Assists in the management of compliance-related audits and examinations. Gathers relevant documentation as requested, meets with auditors to respond to questions, prepares audit responses as needed, and implements actions recommended by auditors and examiners

Performs other duties as assigned

Qualification

Compliance risk managementCRCM certificationFederal consumer protection lawsBanking regulations knowledgeMicrosoft Office proficiencyRelational databases experienceVerbal communication skillsWritten communication skillsInterpersonal communication skillsProject management skillsTeam player