AVP, Enterprise Compliance & Regulatory Oversight

The Bancorp Bank, N.A.; Sioux Falls (SD); Hybrid; USD 95,000 - 125,000; Full time

Job summary

The Bancorp Bank, N.A. is seeking an experienced compliance professional to manage relationships and oversight for one or more lines of business.

You will help implement an effective compliance program in collaboration with the Compliance Officer and guide policy, training and risk assessments. The role requires five years of consumer compliance experience in banking, strong regulatory knowledge, and the ability to work in a hybrid onsite/offsite environment in Sioux Falls, SD.

Qualifications

• 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.

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 and 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.
• Assists in creating and maintaining company standards related to higher risk products, services, and practices. Ensure 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.
• Assists in the management of compliance-related audits and examinations.
• 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.
• Motivate others to perform at their best.
• Performs other duties as assigned.
• No travel required.

Skills

Regulatory knowledge

Communication skills

Policy development

Risk assessment

Team leadership

MS Office

Education

Undergraduate degree in business or related field

Five years consumer compliance experience

Tools

Microsoft Office Suite

Job description

The Bancorp Bank, N.A. is seeking an experienced compliance professional to manage relationships and oversight for one or more lines of business.

You will help implement an effective compliance program in collaboration with the Compliance Officer and guide policy, training and risk assessments. The role requires five years of consumer compliance experience in banking, strong regulatory knowledge, and the ability to work in a hybrid onsite/offsite environment in Sioux Falls, SD.