AVP Enterprise Compliance (Hybrid)

Position Summary

Work Arrangement: After the initial training period, this is a hybrid role, working onsite in our Sioux Falls, SD office.

Key Responsibilities

• Develops and maintains a collaborative working relationship with internal and external clients.
• Keeps abreast of relevant consumer protection laws, regulations, and supervisory guidance applicable to the assigned business line.
• Informs management, clients and interested parties of new and modified compliance requirements.
• Reviews and updates policies, procedures and disclosures as needed for adherence with applicable laws and regulations.
• May assist in the development of compliance-related policies and procedures.
• Affirms 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 as assigned.
• Participates in due diligence reviews of key third party service providers associated with the line of business, as assigned.
• Reviews elevated marketing collateral and materials for adherence to regulatory requirements and bank standards, providing guidance and advice as needed to bring the materials into compliance.
• Assists line of business in the remediation of any risk items arising from testing, audits or examinations.
• Acts as a subject matter expert, advising internal and external clients on day-to-day, elevated and complex compliance issues, rules, and regulations.
• Partners with clients (internal and external) to develop solutions and makes 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.
• If assigned, manages compliance analyst team members and may be required to interview, hire, set high performance standards, and manage team performance in accordance with HR policies and procedures.

Qualification Requirements

• Education/Experience Requirements: Undergraduate degree in business or a related field or an equivalent combination of training and experience. Five 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.
• 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: https://thebancorp.com/company/join-our-team/